Posted by Tom on January 11, 2018


The U.S. dollar declined against its major opponents in the European session on Wednesday, following a media report that China is considering slowing or halting new Treasury purchases for foreign reserves.
Bloomberg reported that Chinese officials are reviewing their stand on investment in U.S. government debt, given trade tensions between Beijing and Washington as well as relatively lower attractiveness for U.S. treasuries than other assets.

Posted by Tom on January 11, 2018


Following the release of UK industrial and construction output as well as visible trade data at 4.30 am ET Wednesday, the pound rose against its major rivals.
The pound was trading at 1.3519 against the greenback, 151.09 against the yen, 0.8836 against the euro and 1.3279 against the franc around 4:32 am ET.
by RTT Staff Writer

Forex News

New Drugs approved in December
10 Biotech Stocks You Should Watch In January
Biotech Stocks Facing FDA Decision in January 2018

Posted by Tom on January 11, 2018


At 4.30 am ET Wednesday, the Office for National Statistics is slated to publish UK industrial and construction output as well as visible trade data. UK industrial output is forecast to grow 0.4 percent on month in November after staying flat in October.
Ahead of the data, the pound traded mixed against its major rivals. While the pound held steady against the greenback, it dropped against the rest of major currencies.
The pound was worth 1.3515 against the greenback, 151.04 against the yen, 0.8838 against the euro and 1.3275 against the franc as of 4:25 am ET.

Posted by Tom on January 10, 2018


Cryptocurrency prices and market capitalization was hurt on Monday after news that South Korean regulators were probing six retail banks that were providing virtual accounts to virtual currency exchanges. The consequent move by leading cryptomarket data provider CoinMarketCap to remove some Korean exchanges from its price calculations, without warning, exacerbated the slide.

Posted by Tom on January 09, 2018


At 5.00 am ET Monday, Eurozone economic sentiment survey results for December and retail sales data for November are due.
Ahead of these data, the euro fell against its major rivals.
The euro was worth 1.1989 against the greenback, 135.67 against the yen, 1.1728 against the franc and 0.8861 against the pound as of 4:55 am ET.
by RTT Staff Writer

Forex News

New Drugs approved in December
10 Biotech Stocks You Should Watch In January
Biotech Stocks Facing FDA Decision in January 2018

Posted by Tom on January 05, 2018


The dollar is up against all of its major rivals Friday afternoon, but has pared its gains against its major European rivals. The release of the stronger than expected November jobs report sparked the rise in the currency at the end of the trading week.
Employment in the U.S. increased by more than anticipated in the month of November, according to a report released by the Labor Department on Friday, although the report also showed weaker than expected wage growth during the month.

Posted by Tom on January 05, 2018


After the release of ADP private sector employment report for December at 8:15 am ET Thursday, the greenback rose against its major counterparts.
The greenback was trading at 112.73 against the yen, 0.9753 against the franc, 1.2059 against the euro and 1.3537 against the pound around 8:16 am ET.
The Labor Department's Jobless Claims for the week will be published at 8:30 am ET. The consensus is for 240,000, slightly down from 245,000 in the prior week.
by RTT Staff Writer

Forex News

10 Biotech Stocks You Should Watch In January

Posted by Tom on January 05, 2018


At 2.00 am ET Wednesday, Destatis has issued German wholesale and final consumer prices for November.
After the data, the euro changed little against its major rivals.
The euro was worth 1.1755 against the greenback, 133.31 against the yen, 1.1642 against the franc and 0.8819 against the pound around 2:02 am ET.
by RTT Staff Writer

Forex News

10 Biotech Stocks You Should Watch In January
Biotech Stocks Facing FDA Decision in January 2018
5 Biotech Stocks That Returned Triple Digit Gains

Posted by Tom on January 04, 2018


The dollar is up against all of its major rivals Wednesday afternoon, bouncing back from yesterday's weak performance. The currency received a boost from the release of a pair of better than expected economic reports this morning.
Reflecting strong expansions in new orders and production, the Institute for Supply Management released a report on Wednesday showing growth in U.S. manufacturing activity unexpectedly accelerated in the month of December.

Posted by Tom on January 03, 2018


The dollar is losing ground against its major rivals on the first trading day of the new year. Trading activity remains subdued as investors return to action following the long holiday weekend. The lack of U.S. economic data is keeping some investors on the sidelines, but traders can look forward to some important releases later this week.

Pages

Subscribe to Events