Forex Top Story


EUR-USD3-120316.jpg The dollar is losing ground against its major rivals Friday afternoon, following the release of the all important November employment report. The increase in employment and the drop in the unemployment rate has further cemented the opinion among traders that they can likely expect a rate hike by the...

UnemploymentRate-120216.jpg Employment in the U.S. increased by a little more than economists had been anticipating in the month of November, according to a report released by the Labor Department on Friday. The report said non-farm payroll employment climbed by 178,000 jobs in November following a downwardly revised increase of 142,000 jobs in October.

UK-CPMI-120216.jpg U.K. construction sector expanded at a faster pace in November on robust activity and new orders, survey data from IHS Markit showed Friday. The Markit/Chartered Institute of Procurement & Supply construction Purchasing Managers' Index rose unexpectedly to 52.8 in November from 52.6 in October.

Swiss-GDP-120216.jpg Switzerland's economic activity stagnated in the third quarter as the strength in investment was offset by negative net trade, the State Secretariat for Economic Affairs said Friday. Gross domestic product was unchanged in the third quarter after expanding 0.6 percent a quarter ago. The economy was forecast to grow 0.3 percent.

EEP13-011515_01Dec16.jpg Purchasing Managers' survey results from the U.K. and quarterly national accounts from Switzerland are due on Friday, headlining a light day for the European economic news.

Bank-of-Korea-040915.jpg South Korea's gross domestic product expanded 2.6 percent on year in the third quarter of 2016, the Bank of Korea said in Friday's final revision. That's a downward move from the October 25 preliminary reading that suggested an increase of 2.7 percent. It's also down from 3.3 percent in the second...

EUR-USD3-120116.jpg The dollar is losing ground against all of its major rivals Thursday afternoon. Investors are in a cautious mood ahead of the all important U.S. employment report for November, which will be released Friday morning. The employment data released so far this week has painted a mixed picture heading...

ConstructionSpending-120116.jpg Reflecting a jump in spending on private construction, the Commerce Department released a report on Thursday showing that U.S. construction spending increased in line with economist estimates in the month of October. The report said construction spending climbed 0.5 percent to an annual rate of $1.173 trillion in October from the revised September estimate of $1.167 trillion.

ISM-PMI-120116.jpg Indicating a faster rate of growth in U.S. manufacturing activity in the month of November, the Institute for Supply Management released a report on Thursday showing a bigger than expected increase by its index of manufacturing activity.

JoblessClaims-120116.jpg A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits climbed to a five-month high in the week ended November 26th.

ukmanufacturing-120116.jpg British manufacturing sector expanded for the fourth straight month in November, but the pace of growth slowed unexpectedly, as a weaker currency drove up prices. The Markit/CIPS Purchasing Managers' Index, or PMI, fell to 53.4 from 54.2 in October and September's 27-month high, survey results from IHS Markit showed Thursday.

eurozoneunemployment-120116.jpg Eurozone unemployment rate declined to the lowest in more than seven years in October, reflecting strong momentum in the labor market despite weak economic growth. The jobless rate dropped to 9.8 percent in October from a revised 9.9 percent in September, Eurostat reported Thursday. This was the lowest since July 2009.

EEP09-011515_01Dec16.jpg Final Purchasing Managers' survey and unemployment from euro area are due on Thursday, headlining a busy day for the European economic news.

chinapmi-120116.jpg China's manufacturing sector expanded at a slower pace in November on softer growth in new orders and production, data from IHS Markit showed Thursday.The Caixin manufacturing Purchasing Managers' Index fell more-than-expected to 50.9 in November from a 27-month high of 51.2 in October. The reading was expected to drop to 51.

trade.jpg Capital spending in Australia contracted a seasonally adjusted 4.0 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Thursday - coming in at A$28.030 billion. That missed forecasts for a fall of 3.0 percent following the 5.2 percent decline in the three months...

Follow RTT