Forex Top Story


ExistingHomeSales-122214.jpg After reporting U.S. existing home sales at their highest level in a year in the previous month, the National Association of Realtors released a report on Monday showing that existing home sales pulled back by much more than expected in the month of November.

The dollar raced to new 28-month highs against the euro Friday, as traders bet the European Central Bank can no longer afford to dither on massive quantitative easing. The ECB has been reluctant to offer additional stimulus, but the threat of a crippling deflationary spiral is likely to spur action...

UK-Pound-121914.jpg The U.K. budget deficit narrowed in November, yet a considerable improvement is required to meet the government's fiscal target for 2014/15. Public sector net borrowing excluding interventions declined by GBP 1.6 billion from last year to GBP 14.1 billion in November, the Office for National Statistics reported Friday. Economists had forecast the shortfall to total GBP 15.1 billion.

GermanGFK-121914.jpg German consumer confidence is set to improve to an eight-year high at the start of the year on strong gains in economic expectations and willingness-to-buy as the current economic weakness is expected to be temporary, the market research group GfK said Friday. The forward-looking consumer confidence index climbed to 9 for January, the highest since December 2006, from 8.7 in December.

Bank-Of-Japan-121914.jpg The Bank of Japan decided to leave its monetary stimulus unchanged in order to assess the impact of its past massive easing. The unchanged stance came despite falling oil prices posing a threat to the central bank's 2 percent inflation target. The Policy Board of the BoJ on Friday voted 8-1 to maintain the annual pace of increase in the monetary base at about JPY 80 trillion.

USD-JPY-12192014.jpg The Japanese yen extended its risk appetite-induced slide on Friday amid the announcement by the Bank of Japan to leave its monetary policy unchanged at its December meeting. The bank decided by a 8-1 vote to maintain its target of raising the monetary base at an annual pace of about JPY 80 trillion....

The dollar gained on major rivals Thursday, even after the Federal Reserve hinted they will delay hiking U.S. interest rates until the second half of next year. Th Fed said yesterday it "can be patient" about the timing of its first rate hike, with Chair Janet Yellen adding that policy makers are...

LeadingIndicator-121814.jpg Signaling continued moderate growth through the winter, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators increased in line with estimates in the month of November.

PhiladelphiaFed-121814.jpg While the Federal Reserve Bank of Philadelphia released a report on Thursday showing a continued increase in regional manufacturing activity in the month of December, the pace of growth in the sector slowed substantially.

JoblessClaims-121814.jpg Initial jobless claims in the U.S. unexpectedly saw a modest decrease in the week ended December 13th, according to a report released by the Labor Department on Thursday. The Labor Department said jobless claims slipped to 289,000, a decrease of 6,000 from the previous week's revised level of 295,000.

ECB-121814.jpg The European Central Bank announced on Thursday that it will publish the minutes of its monetary policy meeting, starting next month, although it opted not to reveal the votes of individual members of the rate-setting body. In a statement, the ECB said that it will publish regular accounts of Governing Council monetary policy discussions, starting with the meeting on January 22, 2015.

UKretailsales-121814.jpg U.K. retail sales growth accelerated unexpectedly in November as consumers boosted their spending on "Black Friday" a day after Thanksgiving, marking the start of the holiday season. Retail sales volume including automotive fuel increased 1.6 percent from October, the Office for National Statistics said Thursday. This was the biggest monthly rise since last December.

Germanifo-121814.jpg German business confidence improved for the second straight month to a 4-month high as expectations of firms brightened while their current assessment remained unchanged in December, a closely watched survey showed Thursday. The business confidence index rose in line with expectations to 105.5 from 104.7 in November.

USDCHF-121814.jpg The Swiss franc weakened sharply against the other major currencies ahead of the European session on Thursday following an announcement by the Swiss National Bank imposing negative rates and reaffirming its commitment to its currency ceiling against the euro. At an unscheduled meeting, the Swiss National...

SNBbank-121814.jpg The Swiss National Bank decided to introduce negative interest rate to contain the demand for the currency and reaffirmed that it will defend the currency ceiling at an unscheduled meeting on Thursday. The central bank imposed an interest rate of -0.25 percent on sight deposit account balances at the SNB, with an intention to take the key three-month libor into negative zone.