Forex Top Story


existing-homesales-012220.jpg After reporting a notable decrease in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Wednesday showing existing home sales rebounded by much more than anticipated in the month of December. NAR said existing home sales spiked by 3.6 percent to an annual rate of 5.54 million in December.

ecbank-sep12_22jan20.jpg A much-talked about review of the European Central Bank's strategy is set to garner the limelight in the latest rate-setting meeting on Thursday that is expected to give little in terms of changes in the monetary policy stance or forward guidance. ECB President Christine Lagarde will likely announce the official start of the strategy review in her second policy meeting.

preview-jan22.jpg Public sector finance from the UK is due on Wednesday, headlining a light day for the European economic news. At 2.45 am ET, France's Insee is scheduled to issue manufacturing confidence survey results. The sentiment index is forecast to fall to 101 in January from 102 in December.

bank-of-korea-040915.jpg South Korea's gross domestic product climbed a seasonally adjusted 1.2 percent on quarter in the fourth quarter of 2019, the Bank of Korea said in Wednesday's preliminary reading. That beat forecasts for an increase of 1.0 percent and accelerated from the 0.4 percent gain in the three months prior. Real...

The U.S. dollar turned in a mixed performance on Tuesday, losing ground againt some peers and scoring solid gains against some, amid news about the outbreak of the deadly coronavirus in China and a downward revision in global growth forecast by the International Monetary Fund.

germanyifo-july25_21jan20.jpg German economic confidence strengthened significantly at the start of the year to the highest level since 2015, as the signing of the Phase 1 deal between the US and China eased trade tensions, survey results from the ZEW - Leibniz Centre for European Economic Research in Mannheim showed on Tuesday.

ukunemployment-dec17_21jan20.jpg The UK employment rate hit a record high and the jobless rate remained unchanged at the lowest since 1970s in the three months to November, giving room for policymakers to defer a rate cut later this month. In the three months to November, the employment rate rose by 0.6 percentage points annually to a record 76.3 percent, data from the Office for National Statistics showed Tuesday.

bankofjapan-july30_20jan20.jpg The Bank of Japan left its monetary policy stimulus unchanged but upgraded its growth outlook citing government's economic measures. The Policy Board of the BoJ, on Tuesday, voted 7-2 to retain the interest rate at -0.1 percent on current accounts that financial institutions maintain at the central bank.

preview-jan21.jpg The labor market statistics from the UK and economic confidence from Germany are due on Tuesday, headlining a light day for the European economic news. At 3.00 am ET, Swiss M3 money supply data is due from the Swiss National Bank. At 4.00 am ET, Poland's averages gross wages data is due.

imf-040919_20jan20.jpg The International Monetary Fund on Monday cut the global growth forecasts for this year and next, mainly due to the weaker-than-expected expansion in India. Global growth for this year is projected at 3.3 percent, which is 0.1 percentage point less than the forecast made in October, the international lender said in the latest update to its World Economic Outlook.

peoplesbankofchina-020317_20jan20.jpg China kept its benchmark lending rates unchanged for the second straight month, as widely expected, on Monday. The one-year loan prime rate was retained at 4.15 percent and the five-year loan prime rate at 4.80 percent. The rate was last reduced in November, which was the first cut since the new lending rate was introduced.

The U.S. dollar exhibited strength against most major currencies on Friday, riding on fairly encouraging economic data from China and the U.S.

consumer-010319_17jan20.jpg A report released by the University of Michigan on Friday showed a slight deterioration in U.S. consumer sentiment in the month of January. Preliminary data showed the consumer sentiment index edged down to 99.1 in January from the final December reading of 99.3. Economists had expected the index to come in unchanged.

industrialproduction-011720.jpg With utilities output plummeting amid a slump in demand for heating, the Federal Reserve released a report on Friday showing a modest pullback in U.S. industrial production in the month of December. The Fed said industrial production fell by 0.3 percent in December after climbing by a downwardly revised 0.8 percent in November.

homeconstruction-011720.jpg After reporting significant increases in new residential construction in the two previous months, the Commerce Department released a report on Friday showing U.S. housing starts saw an even more substantial spike in the month of December. The Commerce Department said housing starts skyrocketed by 16.9 percent to an annual rate of 1.608 million in December.

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