Brent Oil Struggles for Direction as Glut Concerns Persist Brent oil is having a tough time in deciding which way to go as traders are worried production freeze by major producers will not be enough to counter excess supply situation. Hovers around $41.40 Prices are trading around $41...
German ZEW Economic Sentiment Rises Less Than Expected German economic sentiment improved less-than-expected in March as the financial experts' assessment of the current economic situation continued to worsen, survey results from the ZEW-Centre for European Economic Research showed Tuesday...
Greece Jan Current Account Deficit Widens Greece's current account deficit increased in January from a year ago, preliminary figures from the Bank of Greece showed Tuesday. The current account deficit widened to EUR 742.4 million in January from EUR 281...
Pound Falls Amid Risk Aversion Following Brussels Blasts The pound drifted lower against the other major currencies in European deals on Tuesday amid risk aversion, as investors became cautious after multiple explosions in Brussels left at least thirteen dead and thirty five injured...
Euro Falls After Brussels Explosions The euro weakened against most major currencies in the early European session on Tuesday, as investor sentiment dampened after multiple explosions in Brussels. The U.K.'s FTSE 100 index is currently down 0.55 percent or 33...
U.K. Inflation Stable At 0.3% U.K. inflation held steady in February and factory gate prices dropped less than expected, figures from the Office for National Statistics showed Tuesday. Consumer prices gained 0.3 percent in February from a year ago as seen in January...
UK House Price Inflation At 10-Month High: ONS British house price inflation accelerated at the start of the year to the highest level in ten months, figures from the Office for National Statistics showed Tuesday. The house price index climbed 7...
Eurozone Private Sector Gains Momentum In March The Eurozone private sector activity regained momentum in March as it expanded at the fastest pace since December, flash survey results from Markit showed Tuesday. The composite output index rose more-than-expected to 53.7 from 53.0 in February...
Euro Falls Against Most Majors The euro weakened against most major currencies in the early European session on Tuesday. The euro fell to more than a 2-week low of 1.0881 against the Swiss franc and a 6-day low of 1.1188 against the U.S. dollar, from early highs of 1.0914 and 1.1259, respectively...
UK CPI Misses Estimates in February The UK Office for National Statistics (ONS) data released today showed the inflation did not rise as fast as expected mainly on account of a drop in bicycle prices. The headline CPI rose 0.2% m/m and 0.3% y/y, both missing the consensus estimates...
GBP/USD Bounces Off 1.4250 on UK CPI The decline in the sterling seems to have found some support vs. the greenback around the mid-1.4200s, with GBP/USD rebounding towards 1.4285/80 band. GBP/USD bid after UK data The pair has managed to gather some traction after UK consumer prices have risen 0...
German IFO and Zew Survey Preview: What to expect of EUR/USD? EUR/USD failed to cut through 5-DMA resistance of 1.1258 in Asia and now trades around 1.1245 levels ahead of German IFO release, which will be followed by Zew survey numbers...
USD/JPY: Heavy Selling Since Brussels Airport Explosion USD/JPY has lost the 112.00 handle, currently printing fresh lows for the day near 111.75, with the initiated selling being triggered by an explosion at Brussels airport, with several people reported dead...
RBA's Stevens Says Moderation In House Prices Was Helpful Reserve Bank of Australia governor Glenn Stevens said the moderation in house prices in some locations due to tight lending standards was helpful...
European Economics Preview: German Business Confidence Data Due Business and economic confidence from Germany and consumer prices from the U.K. are due on Tuesday, headlining a busy day for the European economic news. At 3.00 am ET, Switzerland's foreign trade data is due for February...
FXWIREPRO: Vertical Spreads to Hedge WTI Crude's Further Upside Risks Crude Oil is pulling away from the market’s biggest storm in seven years...
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Oil Futures Dip as Commodity Rally Gathers Breath Oil prices dipped in Asian trade on Tuesday, giving up gains from the previous session after data showed U.S. crude inventories fell for the first time since January and as commodity prices paused from their recent rally. U.S...
RBA Stevens: AUD May be Getting Ahead of Itself AUD may be getting ahead of itself said RBA's Stevens, speaking at the ASIC Annual Forum in Sydne, in the Q&A session, adding that it's hard to find a central bank that would prefer a higher currency...
