Forex Top Story


EURUSD1-052716.jpg The dollar is gaining ground against all of its major rivals Friday afternoon, after Federal Reserve Chair Janet Yellen signaled in her speech that a summertime interest rate hike is forthcoming. It will be appropriate for the Federal Reserve to raise interest this summer if the economy continues...

CONSUMER-RETAIL_27May16.jpg Consumer sentiment in the U.S. improved by less than initially estimated in the month of May, according to a report released by the University of Michigan on Friday, although the consumer sentiment index remained at an eleven-month high.

USGDP-052716.jpg While the Commerce Department released a report on Friday showing stronger than previously estimated U.S. economic growth in the first quarter, the pace of growth still reflects a significant slowdown. The report said the pace of growth in gross domestic product was upwardly revised to 0.8 percent.

EEP19-011515_27May16.jpg Consumer sentiment from France is due on Friday, headlining a light day for the European economic news.

japantrade-042110.jpg Consumer prices in Japan fell 0.3 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday. That beat forecasts for -0.4 percent, although it weakened from -0.1 percent in March. Core CPI, which excludes volatile food prices, also dipped 0.3 percent. That was...

EURUSD2-052616.jpg The dollar is turning in a mixed performance against its major rivals Thursday afternoon and is little changed overall for the session. Investor caution ahead of the long holiday weekend seems to be keeping investors on the sidelines despite a trio of better than expected U.S. economic reports. First-time...

PendingHomeSales-052616.jpg With the South and West seeing sharp increases, the National Association of Realtors released a report on Thursday showing that U.S. pending home sales jumped much more than expected in April to their highest level in a decade. NAR said its pending home sales index surged up by 5.1 percent.

Durablegoods-052616.jpg Partly reflecting a jump in orders for commercial aircraft and parts, the Commerce Department released a report on Thursday showing that new orders for U.S. manufactured goods surged up by much more than expected in April. The Commerce Department said durable goods orders shot up by 3.4 percent.

joblessclaims-052616.jpg First-time claims for U.S. unemployment benefits decreased for the second straight week in the week ended May 21st, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 268,000.

BillnNZ-052616.jpg The New Zealand government forecast the budget surplus to increase through 2020 as the economy expands at faster pace. "We have solid economic growth and the Government's books are in good shape - giving us options we didn't have eight years ago," Finance Minister Bill English said in his annual budget on Thursday.

EEP12-011515_26May16.jpg Revised quarterly national accounts data from the U.K. is due on Thursday, headlining a light day for the European economic news.

EURUSD2-052516.jpg The dollar is trading lower against its major European rivals Wednesday afternoon after a "major breakthrough" in talks between Eurozone finance ministers and Greece to unlock 10.3 billion euros in new bailout loans. There was no U.S. economic data to drive the direction of trading Wednesday. However,...

GBC-052516.jpg German business confidence strengthened more-than-expected to a 5-month high in May as companies were more satisfied with their current situation and turned noticeably optimistic regarding months ahead despite "Brexit" fears, results of a key survey showed Wednesday. Consumer morale is set to strengthen in June as the economy is expected to grow over coming months, a separate survey revealed.

Eurogroup-052516.jpg Greece's creditors agreed early Wednesday to release the next tranche of bailout funds and allowed debt relief after the International Monetary Fund relaxed its tough stance. After the meeting in Brussels on Tuesday, Eurozone finance ministers welcomed the accord reached between Greece and the institutions that paved the way for the disbursement of EUR 10.3 billion bailout fund.

EEP10-011515_25May16.jpg Business and consumer sentiment survey results are due from Germany on Wednesday, headlining a light day for the European economic news.

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