Forex Top Story


Draghi-ECB-011717.jpg The European Central Bank is unlikely to announce any policy change on Thursday, after extending and trimming asset purchases in December, as the solid economic momentum is sustained in the euro area despite the continuing political flux. The bank is widely expected to maintain interest rates and asset purchases. Economists widely expect the central bank to hold fire until April.

EEP22-011515_18Jan17.jpg The European Central Bank is set to announce the outcome of its governing council meeting later today.

unemployment-021010.jpg The jobless rate in Australia came in at a seasonally adjusted 5.8 percent in December, the Australian Bureau of Statistics said on Thursday. That exceeded forecasts for 5.7 percent, which would have been unchanged from the November reading. The Australian economy added 13,500 jobs, topping expectations...

NewZealandcpi-071510.jpg The total number of building permits in New Zealand issued in November fell a seasonally adjusted 9.2 percent on month in November, Statistics New Zealand said on Thursday - standing at 2,973. That followed the 2.0 percent increase in October, and it marked the most for any month since March 2005,...

EUR-USD3-011817.jpg The dollar is maintaining its modest gains against its major rivals Wednesday afternoon, following the release of the Fed's Beige Book. Investors may be reluctant to make any major moves ahead of today's speech from Federal Reserve Chair Janet Yellen, which is set to take place at 3PM ET. Economic...

NAHB-011817.jpg Homebuilder confidence in the U.S. saw a modest pullback in the month of January, according to a report released by the National Association of Home Builders on Wednesday. The report said the NAHB/Wells Fargo Housing Market Index dipped to 67 in January after jumping to 69 in December.

IndustrialProduction-011817.jpg After reporting a drop in U.S. industrial production in the previous month, the Federal Reserve released a report on Wednesday showing that production rebounded strongly in the month of December. The Fed said industrial production climbed by 0.8 percent in December after slumping by a revised 0.7 percent in November.

CPI-011817.jpg Consumer prices in the U.S. increased in line with economist estimates in the month of December, according to a report released by the Labor Department on Wednesday. The Labor Department said its consumer price index rose by 0.3 percent in December after edging up by 0.2 percent in November.

Ukunemployment-011817.jpg U.K. unemployment declined unexpectedly at the end of 2016, while earnings growth accelerated reflecting that the labor market remained strong despite the 'Brexit' vote. Data from the Office for National Statistics showed Wednesday that the number of people claiming unemployment related benefits decreased by 10,100 in December from November, confounding expectations for an increase of 5,000.

GBP-USD3-011717.jpg The dollar is losing ground against all of its major rivals Tuesday afternoon, but its losses are the most pronounced against the British pound. The pound surged in value following today's highly anticipated speech by U.K. Prime Minister Theresa May. May stated that the U.K. is set for a 'hard Brexit',...

GBPUSD-011717.jpg The pound extended its early gain against its major rivals in the European session on Tuesday, as the U.K. Prime Minister Theresa May confirmed that the final 'Brexit' deal entered with the European Union would be granted a Parliamentary vote, while emphasizing that the U.K. would continue to be "the...

TheresaMay-011717.jpg The U.K. is set for a 'hard Brexit', which implies a complete separation from the European Union, as Prime Minister Theresa May said on Tuesday that her country will not remain a member of the single market. Britain will not seek to "hold on to bits of [EU] membership" and the country also will not seek to adopt models that are enjoyed by other countries, May said in a speech.

empirestatemanufacturing-011717.jpg Growth in New York manufacturing activity has seen a modest slowdown in the month of January, according to a report released by the Federal Reserve Bank of New York on Tuesday. The New York Fed said its general business conditions index edged down to 6.5 in January from a revised 7.6 in December, although a reading above 50 still indicates growth.

German-ZEW-011717.jpg German economic sentiment improved to its highest level in seven months in January, as expectations were boosted by a strong run of positive data towards the end of last year. The ZEW Indicator of Economic Sentiment for Germany rose to 16.6 from 13.8 in December, the Mannheim-based Centre for European Economic Research/ZEW said Tuesday. However, economists had forecast a score of 18.4.

UKCPI-011717.jpg U.K. inflation reached its highest level in more than two years at the end of 2016 on air fares and food prices. Consumer price inflation increased more-than-expected to 1.6 percent in December from 1.2 percent in November, the Office for National Statistics reported Tuesday.

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