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ECB’s Draghi Says Eurozone Recovery Remains Solid

username July 26, 2018 No Comments forex news

European Central Bank President Mario Draghi said the euro area economic recovery is proceeding along its solid and broad-based path despite prominent uncertainties linked to the global trade. “The underlying strength of the economy confirms our confidence that the sustained convergence of inflation to our aim will continue in the period ahead and will be […]

U.S. Durable Goods Orders Jump 1.0% In June, Less Than Expected

username July 26, 2018 No Comments forex news

A report released by the Commerce Department on Thursday showed a notable increase in new orders for U.S. manufactured durable goods in the month of June. The Commerce Department said durable goods orders jumped by 1.0 percent in June after falling by a revised 0.3 percent in May. Economists had expected durable goods orders to […]

U.S. Weekly Jobless Claims Rise More Than Expected To 217,000

username July 26, 2018 No Comments forex news

First-time claims for unemployment benefits in the U.S. showed a modest increase in the week ended July 21st, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 217,000, an increase of 9,000 from the previous week’s revised level of 208,000. Economists had expected jobless claims […]

U.S. Durable Goods Orders Jump Less Than Expected In June

username July 26, 2018 No Comments forex news

A report released by the Commerce Department on Thursday showed a notable increase in new orders for U.S. manufactured durable goods in the month of June. The Commerce Department said durable goods orders jumped by 1.0 percent in June after falling by a revised 0.3 percent in May. Economists had expected durable goods orders to […]

ECB Maintains Status Quo After Announcing QE Exit Plan In June

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The European Central Bank left its interest rates unchanged on Thursday and maintained the forward guidance on monetary stimulus, following the Governing Council’s June decision to halve the monthly asset purchases after September, and to eventually end them in December. The main refi rate is currently at a record low zero percent and the deposit […]

Dollar Little Changed After U.S. Weekly Jobless Claims

username July 26, 2018 No Comments forex news

The U.S. weekly jobless claims for the week ended July 21, durable goods orders and wholesale inventories for June have been released at 8:30 am ET Thursday. After these reports, the greenback changed little against its major rivals. The greenback was worth 1.1714 against the euro, 110.87 against the yen, 0.9916 against the franc and […]

Euro Mixed After ECB Holds Rates, QE Unchanged

username July 26, 2018 No Comments forex news

The euro showed mixed trading against its major counterparts in the European session on Thursday, after the European Central Bank kept its interest rates steady and maintained the forward guidance on monetary stimulus following the June decision to halve monthly asset purchases after September and eventually end them in December. The main refi rate is […]

German Consumer Confidence To Drop On Trade War Fears

username July 26, 2018 No Comments forex news

Germany’s consumer confidence is set to drop in August as economic expectations continued to weaken on trade war fears, survey data from the market research group GfK showed Thursday. The forward-looking consumer sentiment index fell to 10.6 in August, while it was forecast to remain unchanged at 10.7. The survey showed that income expectations and […]

Malta PPI Inflation Accelerates In June

username July 26, 2018 No Comments forex news

Malta’s producer price inflation accelerated in June after easing in the previous month, data from the National Statistics Office reported Thursday. Industrial producer prices climbed 6.29 percent year-over-year in June, faster than the 5.85 percent rise in May. The acceleration in inflation was mainly driven by a 17.17 percent surge in prices of intermediate goods. […]

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