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Tag: Forex News Round Up

New German Government Could End Anti Stimulus Bias

Germany could break away from years of fiscal discipline and become less of an economic example, amid plans by its new government to increase spending, analysts told CNBC. The largest euro zone economy has accustomed the world to running budget surpluses — when income or receipts overcome expenditures — or even small deficits compared to […]

US/German Bond Yield Gap Hits 10-month high

The gap between German and U.S. 10-year borrowing costs reached its widest point since April 2017 on Thursday after a higher-than-expected inflation print in the United States led to a sharp sell-off in U.S. Treasuries. While investors also shed European government bonds on the data – bond markets in the world’s major developed economies tend […]

U.S Producer Prices Rise in January

U.S. producer prices accelerated in January, boosted by strong gains in the cost of gasoline and healthcare, offering more evidence that inflation pressures were building up. The report came on the heels of data on Wednesday showing a broad increase in consumer prices in January. The Labor Department said on Thursday its producer price index […]

US weekly jobless claims rebound from near 45-year lows

The number of Americans filing for unemployment benefits rebounded from a nearly 45-year low last week, but remained below a level that is associated with a tightening labor market. Initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 230,000 for the week ended Feb. 10, the Labor Department said on Thursday. Claims […]

Ramaphosa elected president of South Africa

Cyril Ramaphosa was elected as South Africa’s president in a parliamentary vote on Thursday after scandal-ridden Jacob Zuma reluctantly resigned on orders from the ruling African National Congress. South Africa’s main stock market index jumped nearly 4 percent, putting it on track for its biggest one-day gain in more than two years as investors welcomed […]

Japan’s Economy Could Lag Behind in Growth

Japan’s economy has been on a strong run, but some experts are warning it may get left behind by other countries this year. The world’s third largest economy expanded for the eighth quarter in a row at the end of last year, according to data published Wednesday. That marked its longest uninterrupted streak of growth […]

Oil Rises After Smaller Buildup in Inventories and Soft USD

U.S. crude stocks rose less then expected last week, while gasoline stocks rose by more than analysts had forecast as refineries cut output, data from the Energy Information Administration showed on Wednesday. Crude inventories rose by 1.8 million barrels in the week to Feb. 9, short of analysts’ expectations for an increase of 2.8 million […]

Strong Inflation but Weak Sales Will Keep Fed on Rate Hike Path

Bond yields rose and stocks slumped after an unexpected rise in consumer inflation to its fastest pace in a year, making it more likely the Fed will raise interest rates three or more times this year. At the same time, January retail sales fell unexpectedly in their biggest drop since last February, declining 0.3 percent, […]

Fundamentals Remain Positive Despite Sell-Off

Despite the recent fluctuations and concern about major corrections in global equity markets, Craig Erlam, senior market analyst at Oanda, says fundamentals, like corporate earnings, remain positive. CAC Climbs on Strong German, Eurozone GDP Reports Futures Higher But Market Remains Vulnerable Will it be a Valentines Day Massacre for the Dollar?

U.S. CPI Rises More Than Forecast on Apparel Costs

U.S. consumer prices rose by more than projected in January as apparel costs jumped the most in nearly three decades, adding to signs of an inflation pickup that have roiled financial markets this month. The consumer price index rose 0.5 percent from the previous month, above the median estimate of economists for a 0.3 percent […]