Forex Top Story


EUR-USD3-120716.jpg The dollar is turning in a mixed performance Wednesday afternoon. The buck is down against the Euro and the Japanese Yen, but is up against the British pound. There was very little economic data to drive the direction of trading today. Traders can look forward to weekly jobless claims data tomorrow morning...

ECB-Draghi-120616.jpg European Central Bank President Mario Draghi will likely announce an extension of asset purchases by the central bank beyond March 2017 on Thursday, hoping to spread some Christmas cheer amid the high political uncertainty, especially after the 'no' vote in the Italian referendum last weekend.

UKindmanoutput-120716.jpg British industrial output declined unexpectedly in October as the shutdown for maintenance of oil fields dampened production, the Office for National Statistics reported Wednesday. Industrial production declined 1.3 percent from September, the biggest fall since September 2012. Economists had forecast an increase of 0.2 percent after a 0.4 percent fall in September.

Resrvebank-India-120716.jpg India's central bank unexpectedly kept its key interest rate unchanged on Wednesday as policymakers decided to wait to judge the impact of the drastic demonetization measure on the economy and any policy tightening by the U.S. Federal Reserve next week. The Monetary Policy Committee of the Reserve Bank of India, headed by Urjit Patel, unanimously decided to hold the key repo rate at 6.25 percent.

EEP16-011515_06Dec16.jpg Industrial production from Germany and the U.K. are due on Wednesday, headlining a light day for the European economic news.

trade.jpg Australia's gross domestic product was down a seasonally adjusted 0.5 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Wednesday. That missed forecasts for a decline of 0.1 percent following the upwardly revised 0.6 percent increase in the three months prior...

EUR-USD3-120616.jpg The dollar is gaining ground against all of its major rivals Tuesday afternoon, following a recent pullback. The buck weakened significantly against the Euro yesterday after the muted reaction to the Italian referendum over the weekend. Most U.S. economic data was roughly in line with expectations this...

FactoryOrders-120616.jpg New orders for U.S. manufactured goods saw a significant increase in the month of October, the Commerce Department revealed in a report on Tuesday. The Commerce Department said factory orders surged up by 2.7 percent in October after climbing by 0.6 percent in September. The jump in factory orders matched economist estimates.

Tradebalance-120616.jpg The U.S. trade deficit widened roughly in line with estimates in the month of October, according to a report released by the Commerce Department on Tuesday.

germanfactoryordrs-120616.jpg Germany's factory orders grew at the fastest pace in more than two years in October, suggesting robust economic activity at the end of this year. Factory orders grew 4.9 percent month-on-month in October, reversing a revised 0.3 percent drop in September, figures from Destatis showed Tuesday.

AIR-120616.jpg Australia's central bank maintained its key interest rate unchanged at a record low on Tuesday, as policymakers expect higher commodity prices to boost national income. The board of the Reserve Bank of Australia, governed by Philip Lowe, decided to retain the cash rate at 1.50 percent. The bank had reduced the rate by 25-basis points each in August and May.

EEP2-091614_06Dec16.jpg Factory orders from Germany and final GDP from euro area are due on Tuesday, headlining a light day for the European economic news.

trade.jpg Australia's seasonally adjusted current account deficit narrowed to A$11.358 billion in the third quarter of 2016, the Australian Bureau of Statistics said on Tuesday - owing to higher export commodity prices. That follows the A$15.943 billion shortfall in the three months prior. The balance on...

EUR-USD3-120516.jpg The dollar is down sharply against the Euro Monday afternoon, but is little changed against its other major rivals. The strength in the Euro is due to the muted reaction that investors have had towards the results of the Italian referendum. Italian Prime Minister Matteo Renzi plans to resign following...

ISM-Non-120516.jpg Growth in the U.S. service sector saw a significant acceleration in the month of November, according to a report released by the Institute for Supply Management on Monday. The ISM said its non-manufacturing index climbed to 57.2 in November from 54.8 in October, with a reading above 50 indicating growth in the service sector.

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