Forex Top Story


pendingHomeSales-072814.jpg After reporting a sharp jump in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Monday showing that pending home sales unexpectedly saw a notable pullback in the month of June.

The dollar continued to strengthen against major rivals on Friday, touching a new 8-month peak versus the euro amid downbeat German economic data. A reading on German business confidence fell short of expectations, sparking fresh concerns about the pace of euro zone growth. Traders are betting...

EURUSD-072514.jpg The U.S. dollar extended early rally, touching a multi-month high against the euro, in New York deals on Friday as the nation's durable goods orders grew more-than-expected in June, adding to optimism over strength of the economy. Data from the Commerce Department showed that U.S. durable goods orders...

DurableGoodsOrders-072514.jpg After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June.

UKGDP-072514.jpg British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.

GermanIFO-072514.jpg German business confidence eased for the third successive month to its lowest level since October, amid rising concerns over the impact of the worsening conflicts in Ukraine and the Middle East on the largest Eurozone economy. The Business Climate Index for industry and trade fell to 108.0 points in July from 109.7 in June, the results of a survey by the Munich-based Ifo Institute showed Friday.

RussiaFlag-072514.jpg Russia's central bank decided to lift its key rate unexpectedly on Friday as geopolitical tensions increased risks of inflation amid rising threats to growth. The Board of Directors of Bank of Russia raised the key rate by 50 basis points to 8 percent. The bank was widely expected to leave rates unchanged. The rate has been hiked by a cumulative 250 basis points since February.

GermanGFK-072514.jpg Germany consumer confidence is set to improve further in August to the strongest level since December 2006 despite escalating geopolitical tensions in Israel and Ukraine, data from market research group GfK showed Friday. The forward-looking consumer sentiment index rose to 9 in August, while it was expected to remain unchanged at 8.9. This was the highest value recorded since December 2006.

japantrade-042110.jpg Consumer prices in Japan climbed 3.6 percent on year in June, the Ministry of Internal Affairs and Communications said on Friday. That topped forecasts for 3.5 percent, also slowing from 3.7 percent in May. Core CPI, which strips out the volatile costs of food, advanced 3.3 percent on year - matching...

The dollar was generally stronger on Thursday, holding near an 8-month peak versus the euro after a surprisingly positive U.S. jobless claims report. U.S. initial jobless claims unexpectedly fell to their lowest level in over eight years in the week ended July 19th. Initial jobless claims slid...

NewHomeSales-072414.jpg New home sales in the U.S. showed a notable decrease in the month of June, according to a report released by the Commerce Department on Thursday, with the steep drop offsetting the jump seen in the previous month.

JoblessClaims-072414.jpg After reporting a modest drop in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims unexpectedly fell to their lowest level in over eight years in the week ended July 19th.

UKRetailSales-072414.jpg U.K. retail sales increased only marginally in June on weak clothing sales as stores delayed summer clearances due to good weather, data from the Office for National Statistics showed Thursday. However, retail sales during the second quarter hit a 10-year high, signaling strong support from consumer demand to overall economic growth.

eurozonePMI-072414.jpg The Eurozone private sector growth rebounded at the start of the third quarter from a six-month low as strong expansion in Germany neutralized the contraction in France. The flash composite output index rose to 54 in July to match April's three-year high level, flash survey data from Markit Economics showed Thursday. A reading above 50 indicates expansion in the private sector.

South-Korea-Flag-072414.jpg South Korea announced a $11.4 billion stimulus plan to stimulate the economy, which logged its slowest growth in more than a year on weak private spending. The finance ministry announced policy financing support for small businesses and to boost household income. The ministry increased the lending ceiling for businesses to $15 billion from $10 billion.