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The Federal Reserve will leave interest rates unchanged at the current target range of 0.25% to 0.50% at its policy meeting next week, writes The Wall Street Journal’s John Hilsenrath --...
Investors are skeptical of Chinese economic data. However, news on Tuesday that Chinese exports fell by a quarter in February shocked investors. Many worry about the implications not just for China,...
US stocks retreated on Tuesday as energy shares fell following declines in oil prices. The dollar strengthened while treasury yields declined on renewed concern about global economic slowdown after...
The euro has peeled off a cent from yesterday's high near $1.1060 as some short-term players move to the sidelines ahead of the ECB meeting. Recall that after peaking near $1.1375 on February 11 when...
Market BriefOn Wednesday, the release of poor trade data from China heavily affected the European and US markets. The sell-off in equity was led by commodity and energy shares, which fell the most on...
The pound is a better bid following the 0.7% expansion in UK manufacturing production during the month of January. Having triumphed against the 1.42 offers against the US dollar, the pound is now...
Asian markets are trading generally lower as dragged down by Chinese stocks. The China SSE (LON:SSE) composite is losing -2.9% or -84pts at the time of writing. It's noted that investors were...
US mortgage applications is the only key data release today.Markets are in wait-and-see mode ahead of the all-important ECB meeting tomorrow with the rate decision at 13:45 CET and the press...
Just days after Alan Greenspan stated “we’re in trouble” and pointed to productivity in his discussion with Tom Keene at Bloomberg, the Bureau of Labor Statistics reported nonfarm...
Two weeks of central bank news!Oil prices continued to climb on Monday. WTI crude oil reached $38 a barrel, mainly due to three factors: • The production freeze (not reduction) proposed in...
Euro declined, as the next meeting of the European Central Bank is approaching this Thursday. Markets have already priced in a further loosening of the monetary policy, with the deposit rate expected...
Major markets temporarily halted their runaway tear overnight. I say temporarily because for all the headlines that have been written today, all I see is price hitting a major resistance level and...
CurrenciesEUR/USD: The pair is trading above above its 50 day moving average on a 4 hour time frame. The next support is near the 1.07391 level and the resistance is 1.1180. USD/JPY: The pair is...
Asian markets are getting battered and following the footsteps of the US trading session. The optimism which lifted the mining stock, especially iron ore and oil has faded and investors have decided...
The UK is in the spotlight with today’s economic calendar, starting with the government’s monthly update on industrial production. Later, the National Institute of Economic and Social...