myforexsystem.info

Forex binary option trade forex binary option

Tag: Forex News

High Levels of Canadian Debt Worry BoC

A senior Bank of Canada official says the central bank is looking at how the high levels of household and public debt could pose a challenge to how it manages monetary policy. In a speech to the Manitoba Association for Business Economists, deputy governor Lawrence Schembri says high debt levels mean there is less space, […]

Gold Takes Breather After Strong Gains

Gold prices is trading sideways in the Thursday session, after surging higher on Wednesday. Currently, the spot price for an ounce of gold is $1351.30, up 0.05% on the day. On the release front, PPI gained 0.4%, matching the forecast. Core PPI also gained 0.4%, beating the estimate of 0.2%. Both indicators rebounded after declines in […]

GBP/USD – Pound Higher as Sentiment Remains Negative on Greenback

The British pound continues to head higher this week. In North American trade, GBP/USD is trading at 1.4067, up 0.48% on the day. On the release front, there are no British events on the schedule. In the US, PPI gained 0.4%, matching the forecast. Core PPI also gained 0.4%, beating the estimate of 0.2%. Both indicators […]

US Homebuilder Confidence Remains High in February

Tax cuts are still making homebuilders feel better, even as mortgage rates rise to the highest level in more than four years. Builder confidence was unchanged in February from the prior month, remaining at 72 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Anything above 50 is considered positive sentiment. The […]

US 10 Year Yield Reaches Four Year High

U.S. government debt yields notched new highs Thursday amid of a slew of new economic data that provided more evidence of inflation pressure. The yield on 10-year U.S. Treasury touched a fresh four-year high of 2.944 percent, above the levels which sparked a stock market sell-off in recent weeks. The 2-year Treasury yield hit a […]

Brexit Expected to Cause a Recession in the UK

A majority of private equity executives and distressed debt investors are expecting a recession to hit the U.K. economy in the next two years, according to a new report. The country’s decision to leave the European Union is cited as the main reason that there could be an economic downturn. “It looks like the British […]

Cyril Ramaphosa Sworn in as South Africa’s New President

African National Congress (ANC) leader Cyril Ramaphosa has been sworn in as South Africa’s new president, following his predecessor Jacob Zuma’s departure Wednesday night after a long power struggle. Ramaphosa, 65, was formerly Zuma’s deputy president. He was elected leader of the ruling ANC in December, narrowly defeating Zuma’s chosen candidate, his ex-wife Nkosazana Dlamini-Zuma. […]

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 […]