Former first minister Alex Salmond has called for a fresh look at the currency options for an independent Scotland. He said he still favoured the use of Sterling, but said the independence case needs "refurbishment...
Oil prices shrank after DoE data confirmed a huge build in crude stocks. Gold slipped on hawkish Fedspeak and copper fell with stocks Continue Reading...
Czech Economic Sentiment Weakens For Second Month Czech economic sentiment declined for the second straight month in March, survey figures from the Czech Statistical Office showed Thursday. The economic confidence index fell to 11.9 in March from 12.3 in the previous month...
Hungary Q4 Current Account Surplus Shrinks Hungary's current account surplus decreased more-than-expected in the three months ended December, figures from the Magyar Nemzeti Bank showed Thursday. The current account surplus shrank to EUR 1.01 billion in the fourth quarter from EUR 1...
French Factory Confidence Unexpectedly Eases In March France's manufacturing confidence unexpectedly weakened for the first time in four months in March, as the assessment on order book levels and businesses' expectations on their production deteriorated, survey results from INSEE showed Thursday...
USD/CAD eases from highs near 1.3280 The greenback has resumed its advance vs. its Canadian peer today, with USD/CAD testing fresh highs in the 1.3280 area, albeit deflating afterwards...
EUR/USD Stays Weak Despite 1% Drop in Stoxx 50 Index The drop in the European equity markets is offering no support to the common currency, leaving the EUR/USD pair weaker around 1.1160 levels...
U.S. Dollar Advances Against Majors The U.S. dollar gathered momentum against its major rivals in early European deals on Thursday. The greenback climbed to 8-day highs of 1.1157 against the euro, 112.97 against the yen, 1.4073 versus the pound, 0.7478 against the aussie, 0...
German Consumer Confidence Set To Weaken In April German consumer confidence is set to fall in April on global risks, survey data from GfK showed Thursday. The forward-looking consumer sentiment index dropped to 9.4 from 9.5 points in March. It was forecast to remain unchanged at 9.5...
German Import Prices Decline Most Since 2009 Germany's import prices decreased at the fastest rate in more than six years during February, as lower energy prices continued to dampen inflationary pressures, preliminary data from Destatis showed Thursday. The import price index dropped 5...
GBP/USD Trades Below 1.41 Ahead of UK Data GBP/USD stays on the back foot below 1.41 handle with traders awaiting UK retail sales data release followed by US durable goods orders release in the US session...
EUR/USD Slips Further to 1.1160 The offered tone is now picking up pace around the single currency, dragging EUR/USD to test fresh lows in the 1.1165/60 band...
Gold Recovers From Fresh One-Month Low Set in Asia Gold prices clocked a fresh one-month low of $1214.73 in Asia before trimming losses to trade around $1219/Oz levels with investors eyeing key data releases in the US...
EUR/USD - Slide Stalls After Four Day Losing Streak EUR/USD has recovered from Asian session low to trade largely unchanged on the day around 1.1175 as bears are taking a breather following the pair's four day losing streak. Trades above 23.6% Fibo support The pair sits just above 1.1173 (23...
European Economics Preview: U.K. Retail Sales Data Due Retail sales from the U.K. and consumer confidence from Germany are due on Thursday, headlining a busy day for the European economic news. At 3.00 am ET, German GfK consumer confidence survey results are due...
Singapore Feb Industrial Production Falls More Than Forecast Singapore's industrial production decreased at a faster-than-expected pace in February, after rising slightly in the previous month, preliminary figures from the Economic Development Board showed Thursday. Industrial production fell 4...
EU Referendum: Row Over Claim Brexit Would Push Up Bills Supporters of leaving the EU have said claims by Energy Secretary Amber Rudd that total household bills could rise by as much as £1.5m a day are "absurd...
Dollar Rise Hits Commodities as Fed Talks of Tightening The dollar advanced for a fifth straight session on Thursday, pressuring commodities and Asian shares after yet another Federal Reserve official talked up the chance of more than one increase in U.S interest rates this year...
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