Forex Top Story


WEO-061015.jpeg Global growth remains 'moderate and uneven' amid the modest pick-up in advanced economies and the slowdown in emerging markets, and the more pronounced downside risks call for policy action to boost economic expansion, the International Monetary Fund said, as it cut its world growth forecasts for this year and next.

Tradebalance-100615.jpg With exports falling and imports rising, the Commerce Department released a report on Tuesday showing that the U.S. trade deficit widened significantly in the month of August.

UKHousePrice-100615.jpg U.K. house prices dropped at the fastest pace in more than a year in September, survey data from the Lloyds Banking Group's Halifax division revealed Tuesday. House prices slid 0.9 percent month-on-month in September, confounding expectations for a gain of 0.1 percent. This was the biggest fall since April 2014, when prices slid 1.3 percent.

GermanyFactoryOrders-100615.jpg German industrial orders unexpectedly declined for a second straight month in August, as holidays damped domestic demand, while the sharp drop in non-EU bookings suggested that exports are likely to be weak in coming months and that companies in the biggest Eurozone economy are increasingly hurt by the weakness in the emerging markets, especially China.

EEP07-011515_06Oct15.jpg Factory orders figures from Germany are due on Tuesday, headlining a light day for the European economic news.

Australia-Interest-Rate-100615.jpg Australia's central bank retained its record low interest rate for the fifth straight meeting as policymakers concluded it appropriate amid moderation of growth in its key trading partner China. The policy board of the Reserve Bank of Australia, headed by Glenn Stevens, decided on Tuesday to keep the cash rate unchanged at 2.00 percent. The bank had lowered the rates by 25 basis points each in Fe

AUD-USD-100615.jpg The Australian dollar recovered from its early lows against the other major currencies in the Asian session on Tuesday after the Reserve Bank of Australia maintained its key interest rate for the fifth straight meeting. The policy board governed by Glenn Stevens decided to leave the cash rate at...

trade.jpg Australia posted a seasonally adjusted merchandise trade deficit of A$3.095 billion in August, the Australian Bureau of Statistics said on Tuesday - sliding 11 percent from July's shortfall. The headline figure missed expectations for a shortfall of A$2.400 billion following the downwardly revised...

eurusd-051015.jpg The dollar is paring its gains against the Japanese Yen and the British pound Monday afternoon, but is up in comparison to all of its major competitors. The U.S. currency is advancing despite the weaker than anticipated ISM non-manufacturing report this morning. While the Institute for Supply Management...

EurozoneRetail-100515.jpg Eurozone retail sales remained flat in August and private sector growth eased more-than-estimated in September, raising concerns over slowing economic growth momentum in the third quarter. Moreover, investor confidence weakened to an eight-month low in October as financial experts' current assessment and expectations deteriorated further. Retail sales remained flat in August.

UKServices-100515.jpg British service sector growth unexpectedly slowed for a third consecutive month in September to its lowest level in nearly two-and-a-half years in September, hurt by a slump in new business growth, signaling that economic performance was soft at the end of the third quarter. The Markit/CIPS UK Services Purchasing Managers' Index dropped to 53.3 from 55.6 in August, survey results showed Monday.

World-Bank-100515.jpg The World Bank downgraded its growth outlook for developing East Asia, citing China's economic rebalancing and the expected pace of normalization of the U.S. interest rates. Developing east Asia will grow 6.5 percent this year, instead of 6.7 percent estimated in April, the bank said in its East Asia Pacific Economic Update released Monday.

EEP4-091614_05Oct15.jpg Investor confidence, final Purchasing Managers' survey and retail sales from euro area are the major reports due on Monday.

EURUSD2-100215.jpg The dollar dropped sharply against all of its major competitors Friday morning, following the release of the weaker than expected jobs report for September. The disappointing job growth caused many investors and experts to the conclusion that the Federal Reserve will be unlikely to begin hiking interest...

FactoryOrders-100215.jpg New orders for U.S. manufactured goods fell by more than expected in the month of August, the Commerce Department revealed in a report released on Friday.

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