German Retail Sales, PMIs Eyed
The euro has recorded slight gains in the Wednesday session. Currently, the pair is trading at 1.1743, up 0.25% on the day. Will German Retail Sales lift euro? It has been a tough 2021 for the euro, which started the...
Private payrolls hiring bursts at fastest pace since September on rise in hospitality hiring
Waiter Boris Macquin serves customers behind plexiglass outside at Figaro Bistro on the first day Los Angeles County allows indoor seating since the coronavirus pandemic on March 15, 2021 in Los Angeles, California. Gina Ferazzi | Los Angeles Times |...
CFOs haven’t been this upbeat about the global economy since 2018: CNBC survey
In the U.S., a consumer that represents 70% of the economy is seen as key to a continued recovery, and confidence surged in March to its highest level since the pandemic began. cihatatceken | iStock | Getty Images Covid cases...
Pending home sales fell over 10% in February, as record low supply stifles the housing market
A sale pending sign is posted in front of a home for sale on July 17, 2014 in San Francisco, California. Justin Sullivan | Getty Images The U.S. housing market is suffering from its lowest supply in history, and that...
Sterling and Loonie Rises, Dollar Shrugs ADP and Awaits Biden
Yen remains generally weak in early US session today. But buying focuses against the Japanese currency has somewhat turned from Dollar to Sterling and Canadian. Both the Pound and Loonie were lifted slightly be better than expected GDP data. On...
USD/JPY Pair Moved Further Into A Positive Zone Above The 110.00 Resistance Level
The US Dollar started a strong increase from the 108.80 support zone against the Japanese Yen. The USD/JPY pair broke the 109.00 and 110.00 resistance levels to move further into a positive zone. It even surpassed the 110.50 resistance and...
Euro Area Inflation On The Rise But Far From Target
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GBP/USD Outlook: Better Than Expected UK Data Lift Cable But Near-Term Action Remains In A Range
Cable bounces in European trading on Wednesday after data showed the UK economy grew above expectations in Q4 2020 and current account deficit, although widened below forecasts. The recovery of two-day drop so far stays below pivotal barriers provided by...
Amazon-backed Deliveroo tanks in London market debut
A Deliveroo cyclist in London, U.K. Dinendra Haria | SOPA Images | LightRocket | Getty Images LONDON — Shares of British food delivery start-up Deliveroo plunged in its stock market debut Wednesday, as the company faces pressure from top investors...
Selloff in Yen and Franc Continues, Euro also Weak
Selloff in Yen and Swiss Franc remain a main theme in the markets in Asia today, while Euro is also weak. Dollar is staying firm but it’s struggling to extend gain against commodity currencies and Sterling for now. Indeed, Aussie...
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