German Business Confidence Improves For First Time In 7 Months
According to the latest report, business confidence in Germany improved considerably in March, after remaining weak during the past six months, as businesses were more positive about the future and strength of the economy. The ifo business confidence index increased
Read MoreFed Police & ASIC Raid ForexCT After Customer Complaints
The global forex trading market is thriving as investors look to capitalize and make quick profits. Forex trading has a lot of positives and some negatives. Unfortunately, this attracts conmen and grifters which can put the entire forex trading industry
Read MoreUS Dollar Declines As Fed is Likely To Maintain Dovish Stance
At the European trading session on Wednesday, the US dollar declined against its biggest counterparts, cutting off its territorial gains as investors and speculators are waiting for the Fed’s comment that is expected to clarify future plans for interest rate
Read MoreUS Dollar Weakens Ahead Of Fed Meeting
In the European session, the US dollar declined against its key rivals, ahead of this week’s policy meeting of the Federal Reserve, with a few investors anticipating lawmakers to reduce their benchmark interest rate projections for this year. On Wednesday,
Read MorePound Rallies Amid Increase In Risk Appetite
As Brexit-related concerns abated and speculators stayed confident for a US-China trade deal, the pound jumped against its key rivals in the European session on Friday in the midst of risk appetite. UK legislators okayed a motion to pause the
Read MoreUS Construction Spending Rises More Than Anticipated In January
The US dollar strengthened against its peers following the release of a strong rise in public construction expenditure. The USD/JPY pair hit a high of 111.62, from a low of 110.95. Likewise, the EUR/USD pair declined from a high of
Read MoreECB Trims Eurozone Economic Outlook
On Thursday, the European Central Bank axed the growth and inflation target of the euro area, citing constant uncertainties, primarily external, and provided banks with more money through long-term loans to encourage lending to a weak economy. The bank also
Read MorePound Rallies On Impressive Growth Of UK Service Sector
At the early European session Tuesday, the pound was trading higher against its significant peers, as figures indicated that the UK services sector was expanding far more than anticipated in February. IHS Markit survey data indicated that the seasonally adjusted
Read MoreUS Consumer Sentiment, PMI Data Signals Economic Slow Down
According to a report published by the Institute for Supply Management on Friday, growth rate in the US manufacturing sector stalled by even more than expected in the month of February. After jumping to 56.6 in January, the ISM said
Read MoreUS Consumer Confidence Bounces Back Better Than Anticipated In February
According to a report released by the Conference Board on Tuesday, consumer confidence in the United States rebounded in February after three consecutive monthly declines. The Conference Board said its consumer confidence index in February, which fell to 121.7 in
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