Forex Top Story


EEP17-011515_23Feb18.jpg Revised quarterly national accounts from Germany and final inflation from euro area are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is set to publish detailed GDP data for the fourth quarter. According to preliminary estimate, the German economy had expanded 0.6 percent sequentially. The statistical office is expected to confirm the estimate.

japanexports-112510.jpg Overall nationwide consumer prices in Japan climbed 1.4 percent on year in January, the Ministry of Internal Affairs and Communications said on Friday. That exceeded forecasts for 1.3 percent and was up from 1.0 percent in December. Core CPI, which excludes food prices, advanced an annual 0.9 percent...

NewZealandcpi-071510.jpg The total volume of retail sales in New Zealand jumped a seasonally adjusted 1.7 percent on quarter in the fourth quarter of 2017, Statistics New Zealand said on Friday. That topped expectations for a gain of 1.4 percent following the 0.2 percent increase in the three months prior. Eleven of the...

EUR-USD4-022218.jpg The dollar got off to a positive start Thursday, but has turned weaker in the afternoon along with U.S. treasury yields. The yield on 10-year notes have pulled back from yesterday's 4-year high. Meanwhile, traders reacted positively to a pair of better than expected U.S. economic reports this morning. A...

LeadingIndicatorIndex-022218.jpg Pointing to robust economic growth in the first half of 2018, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in the month of January. The Conference Board said its leading economic index jumped by 1.0 percent.

europeancentralbank-022218.jpg Policymakers at the European Central Bank judged that it was too early to change the policy communication despite the increased confidence that inflation would move near its target, minutes of the latest policy session showed Thursday. "Communication would evolve naturally in line with the ECB's forward guidance" as inflation progress towards the target, the minutes said.

weeklyjoblessclaims-US-022218.jpg A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended February 17th. The report said initial jobless claims dipped to 222,000, a decrease of 7,000 from the previous week's revised level of 229,000.

Crypto-Cybercrime-022218.jpg Cryptocurrency is one of the key factors that fuel cybercrime, which cost the global economy $600 billion in 2017, or 0.8 percent of global GDP, a new report says. The report, based on a study conducted jointly by computer security giant McAfee and the Center for Strategic and International Studies (CSIS), points to the alarming magnitude of the global economic impact of cybercrime.

GermanBusinessconfidence-022218.jpg Germany's business confidence weakened notably in February as near term outlook of firms deteriorated on political uncertainty and market turmoil, survey data from the Munich-based Ifo Institute showed Thursday. The business sentiment index fell more-than-expected to 115.4 from 117.6 in January. The score was expected to ease to 117 in February. A similar lower reading was last seen in September.

GDP-UK-022218.jpg The UK economy grew less-than-estimated in the fourth quarter, largely due to a downward revision to production output. Gross domestic product expanded 0.4 percent sequentially instead of 0.5 percent reported initially, the second estimate from the Office for National Statistics showed Thursday. GDP had advanced 0.5 percent in the third quarter. Year-on-year, the economy expanded 1.4 percent.

cryptocurrency-dailyroundup-022218.jpg Venezuela is not stopping with the launch of its oil-backed cryptocurrency "petro", but has announced that it will unveil a gold-backed token "petro gold" next week. Japan suspects money laundering in 669 cryptocurrency cases between April and December. Meanwhile, blockchain seems to have captured the imagination of NFL players who are looking to invest in new tech.

Venezuela-PetroGold-022218.jpg Shortly after launching the pre-sale of its national cryptocurrency, the government of Venezuela has announced that it will introduce a cryptocurrency called "Petro gold." "Next week I'm going to launch the petro gold, backed by gold, which is even more powerful, that will strengthen the petro," Reuters quoted President Nicolas Maduro as saying in a televised speech on Wednesday.

EEP21-011515_22Feb18.jpg Business confidence from Germany is due on Thursday, headlining a light day for the European economic news. At 2.45 am ET, France's statistical office Insee publishes final inflation data and business sentiment survey results. The manufacturing sentiment index is seen unchanged at 113 in February.

EUR-USD3-022218.jpg The dollar got off to a positive start Wednesday, but has gradually pared its gains as the day has progressed. The currency has also had little reaction to the release of the minutes from the last Federal Reserve meeting. The Federal Reserve is on track to raise interest rates gradually over the course...

ExistinghomeSales-022118.jpg Existing home sales in the U.S. unexpectedly showed a steep drop in the month of January, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales tumbled by 3.2 percent to an annual rate of 5.38 million.

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