Posted by Tom on January 25, 2018


The pound advanced against its major counterparts in early European deals on Wednesday, after a data showed that the UK unemployment rate held steady at the lowest level seen since 1975.
Data from the Office for National Statistics showed that the jobless rate came in at 4.3 percent in three months to November, the same rate as in three months to August, and in line with expectations. This was the joint lowest since 1975. In the same of 2016, the unemployment rate was 4.8 percent.

Posted by Tom on January 20, 2018


Statistics Canada has released Canada manufacturing sales for November at 8:30 am ET Friday. Following the data, the loonie changed little against its major rivals.
The loonie was trading at 1.2440 against the greenback, 88.87 against the yen, 1.5243 against the euro and 0.9964 against the aussie around 8:33 am ET.
by RTT Staff Writer

Forex News

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New Drugs approved in December
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Posted by Tom on January 20, 2018


The pound weakened against its major opponents in early European deals on Friday, after a data showed that U.K. retail sales declined more than expected in December.
Data from the Office for National Statistics showed that retail sales volume dropped by more-than-expected 1.5 percent in December from November, when it grew 1 percent. Economists had forecast a 1 percent fall.
Similarly, sales excluding auto fuel decreased 1.6 percent, in contrast to November's 1.1 percent increase. Sales were expected to fall 1 percent.

Posted by Tom on January 19, 2018


The dollar got off to a positive start Thursday, but has since turned lower against all of its major rivals. Investors were treated to a trio of U.S. economic reports this morning. While traders were encouraged by better than expected weekly jobless claims data, housing starts and the Philly Fed index were disappointments.

Posted by Tom on January 19, 2018


Bitcoin was the wonderkid of the financial markets in 2017 with the price of the cryptocurrency, once dismissed as something reserved for the geeks, cryptography enthusiasts and the darknet, skyrocketing to unprecedented levels, alternating with several nosedives.
However, the eye watering drop in the price of Bitcoin and its rivals this week on fears of potential crackdown in two leading markets, South Korea and China, has left many doubting if the cryptocurrency bubble has indeed burst.
A look into what was the buzz around Bitcoin.

Posted by Tom on January 17, 2018


Following the release of U.K. CPI and PPI for December and house price index for November at 4.30 am ET Tuesday, the pound dropped against its major opponents.
The pound was trading at 1.3766 against the greenback, 152.37 against the yen, 1.3285 against the franc and 0.8879 against the euro 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 16, 2018


The euro strengthened against its major counterparts in the European session on Monday, as speculation intensified that the European Central Bank is preparing to unwind its massive stimulus sooner than anticipated.
Hopes of a shift in the ECB stance heightened after minutes from the bank's meeting last week showed that it may revisit its communication stance in early 2018.
News of a breakthrough in exploratory talks between German political parties in the formation of a new German government ended months of political uncertainty in Europe's largest power house.

Posted by Tom on January 13, 2018


At 8:30 am ET Friday, U.S. consumer prices and retail sales for December have been released. Following these data, the greenback traded mixed against its major rivals. While the greenback rose against the yen, it dropped against the pound and the euro. Against the franc, it changed little.
The greenback was trading at 1.2144 against the euro, 111.36 against the yen, 0.9708 against the franc and 1.3640 against the pound around 8:33 am ET.
by RTT Staff Writer

Forex News

New Drugs approved in December

Posted by Tom on January 12, 2018


Following the release of the U.S. producer prices for December and weekly jobless claims for the week ended January 6 at 8:30 am ET Thursday, the greenback fell further against its major rivals.
The greenback was trading at 1.2018 against the euro, 111.55 against the yen, 0.9770 against the franc and 1.3499 against the pound around 8:31 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 06, 2018


The U.S. jobs data for December and trade data for November have been released at 8.30 am ET Friday. Following these data, the greenback fell against its major opponents.
The greenback was worth 1.2080 against the euro, 1.3576 against the pound, 113.06 against the yen and 0.9743 against the franc around 8:32 am ET.
by RTT Staff Writer

Forex News

10 Biotech Stocks You Should Watch In January
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