forex news

Forex News – US durable goods orders slip in September to 8-month low

Posted on October 28, 2014 at 3:01 pm GMT

US durable goods order recorded their biggest drop in eight months in September, worrying markets that the pace of economic growth in the world’s largest economy is unstable. Durable goods which include big-ticket items that last at least three years, (ranging from toasters to aircraft) , fell 1.3% in September despite forecasts for a 0.5% rebound. In August durable goods orders fell 18.3%. That was the largest decline in the so-called core capital goods since January of this year. A [..]

Forex News – American consumer sentiment strongest in 7 years according to survey

Posted on October 20, 2014 at 2:26 pm GMT

The US dollar rallied above the important technical level of 106.00 yen on Friday after being boosted by an upbeat American consumer sentiment report. The closely watched University of Michigan/ Thomson Reuters index on consumer sentiment in October rose to the highest in more than 7 years to 86.4. This was above forecasts for a drop to 84.1 from September’s 84.6 reading. The data for the sentiment survey was collected between September 25 and October 15. The markets responded positively [..]

European Session – US retail sales hurt dollar, US Treasury yields tumble

Posted on October 15, 2014 at 2:00 pm GMT

Stronger than expected UK employment data helped prop up the pound today. The ILO unemployment rate fell to fell to a six-year low of 6.0% in August from 6.2%. The number of Briton’s claiming Jobseeker’s Allowance in August fell by 18,600 but was less than the 35,000 decline forecast. The average three-month wage growth excluding bonuses was 0.9% year-on-year in August, more than expected. Today’s jobs data comes a day after disappointing UK CPI data which showed that inflation slowed [..]

Forex News – Fed focus on soft US inflation leaves dovish tone in FOMC minutes

Posted on October 9, 2014 at 10:24 am GMT

On Wednesday the Federal Open Markets Committee (FOMC) released minutes of the latest policy meeting from September 16-17. The dovish tone of the minutes dropped a surprised on the markets and caused the dollar to plunge while US stock markets rallied. The minutes indicated that the Fed showed signs of concern over the global slowdown and the impact this would have on the US economy as a whole. Also there is fear that recent strength in the dollar has a [..]

Forex News – Weak Eurozone PMI data weaken euro ahead of ECB

Posted on October 1, 2014 at 9:51 am GMT

The euro dropped after data showed manufacturing growth in the Eurozone slowed further in September. The data come after Tuesday’s preliminary inflation slowed in September to just 0.3%. Weak data intensify pressure on the European Central Bank to take more easing measures. The ECB holds its policy meeting on Thursday. While the consensus view is for no fresh action tomorrow, the euro is expected to remain under pressure after today’s weak data. A survey compiled by Markit in September showed [..]

Forex News – Weekly Outlook – US nonfarm payrolls, PMIs and ECB all in focus

Posted on September 26, 2014 at 12:57 pm GMT

All eyes will be on US nonfarm payrolls which are due on Friday as US employers are expected to have accelerated hiring in September and the unemployment rate is forecast to stay steady 6.1%, matching the lowest level since 2008. Nonfarm payrolls are expected to rise to 195,000 this month compared to August’s 134,000. Also from the US, final manufacturing and services PMI releases will be closely watched to gauge how the world’s largest economy is doing. The ISM index [..]

Forex News – Bank of England closer to hiking rates: Carney

Posted on September 25, 2014 at 2:03 pm GMT

In a speech on Thursday in Wales, Bank of England Governor Mark Carney said the Bank is getting closer to raising interest rates. Carney mentioned that the UK’s economic outlook was much improved, and a rate rise was only a matter of time. He did however mention that the exact date will depend on economic data. “The point at which interest rates … begin to normalize is getting closer,” Carney said. “In recent months the judgement about precisely when to raise [..]

Forex News – German business confidence weighed by geopolitical risks, struggling Eurozone growth

Posted on September 24, 2014 at 9:40 am GMT

The German Ifo report was released on Wednesday, showing a drop that was more than analysts forecast in September. The report is compiled by surveying 7,000 German firms which are asked to rate the relative level of current business conditions and expectations for the next 6 months. The Ifo index showed that business confidence in Germany fell as economic and political risks in the Eurozone increased. The gauge slipped to 104.7 in September from 106.3 in August. This was more [..]

Forex News – Markit PMI shows slower Eurozone business activity

Posted on September 23, 2014 at 2:22 pm GMT

Business activity in the Eurozone expanded slower- than- expected in September according to data on the Purchasing Managers Index on Tuesday. The Markit Composite Flash PMI dropped to a 9-month low of 52.3, missing expectations for it to remain flat from August’s 52.5. However the index was above the 50 mark that separates growth from contraction and has been since July 2013, so this was encouraging, although the softer data could disappoint the European Central Bank. Meanwhile the manufacturing PMI [..]

Forex News – Sterling lifted by fall in UK unemployment

Posted on September 17, 2014 at 11:51 am GMT

UK unemployment data released today showed that Britain’s labour market and overall economic recovery remains steady. The jobless rate fell to the lowest in 6 years and by much more than economists had forecast. The ILO unemployment rate fell to 6.2% between May and July, which was the lowest level since the September-November period of 2008, compared to expectations for the rate to fall to 6.3%. The number of jobless in the quarter fell 146,000 to just over 2 million [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms