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Singapore Finmin Sees Slower Growth; Unveils Industry Transformation Programme Singapore Finance Minister Heng Swee Keat said the economy faces strong headwinds from the weakness in the global economy but there is no reason to be overly pessimistic...
U.S. Weekly Jobless Claims Show Modest Increase First-time claims for U.S. unemployment benefits saw a modest increase in the week ended March 19th, according to a report released by the Labor Department on Thursday...
Dollar Slides After Durable Goods Orders, Jobless Claims Data The U.S. durable goods orders for February and jobless claims for the week ended March 19 have been released at 8:30 am ET Thursday. After these data, the greenback slipped against its key counterparts. The greenback was trading at 1...
Turkish Lira Slides To 8-day Low Against U.S. Dollar After Turkey Rate Cut The Turkish Lira lost ground against the U.S...
British Retail Sales Drop As Cold Weather Dampens Clothing Demand U.K. retail sales declined at a slower than expected pace in February after recording the fastest growth in more than two years, as poor weather delayed clothing purchases. Retail sales volume dropped 0...
Gold Drops Near $1220 Ahead Of Durable Goods Gold futures continued to turn lower Thursday morning as a stronger U.S. dollar hurt most commodities. Traders will be keeping an eye on a flurry of US economic data in hopes of clarity on whether the Federal Reserve will soon raise interest rates...
Taiwan Cuts Interest Rates For Third Time Taiwan's central bank lowered its benchmark interest rate for a third successive policy session, in a bid to support the sluggish economic recovery and boost subdued inflation expectations. Policymakers cut the benchmark discount rate by 12...
Crude Oil Tumbling After Huge Inventories Build Crude oil futures fell Thursday morning as the US dollar continued to strengthen versus major rivals. US crude inventories unexpectedly jumped yet again last week, defying speculation that the nation's supply glut may have eased. The U.S...
Russian Ruble Slides To Weekly Low Against U.S. Dollar The Russian Ruble drifted lower against the U.S. dollar in European trading on Thursday, as oil prices declined on Fed rate hike fears and as official data showed large build in crude oil inventories last week...
Pullbacks in the pair remain buying opportunities, reiterated Strategist at Westpac Robert Rennie. “This week’s weaker than expected Japanese PMI adds to the sense that the industrial sector in Japan is doing it tough”...
U.K. Retailers Expect Sales Volume To Improve: CBI British retailers expect retail sales volume to accelerate next month, the latest Distributive Trades Survey from the Confederation of British Industry showed Thursday...
Pound Off Lows Against Majors The pound trimmed its early losses against the other major currencies in Europe on Thursday. The pound recovered to 0.7899 against the euro and 1.3784 against the franc, from its early 15-month low of 0.7946 and a 2-month low of 1.3720, respectively...
Europe Roundup: Dollar Weighs on Commodities and Shares As fED Tightening Risk Rises, Sterling Index on Course for Worst Market Roundup Trump's tariff plan could boomerang, spark trade wars with China, Mexico. Japan may resurrect Abenomics with big stimulus package in spring – Barron’s...
With the dollar on the wane and oil on the gain commodity Dutch lender ABN Amro have had to scratch out recent foreign exchange forecasts and make some notable changes...
USD/JPY Trims Gains as Weak Data Overshadows Hawkish Bullard Disappointing durable goods released the US made sure USD/JPY trimmed gains despite NY Fed’s Bullard view of a possibility of an early rate hike. Rejected at 113.00 Stop clocked a high of 113.00 earlier today before backing off to 112...
EUR/USD Keeps the Red Post-US Data The European currency keeps the negative note vs. its American peer on Thursday, taking EUR/USD to the 1.1160/65 band for the time being. EUR/USD muted on US releases Spot kept the composure after US Durable Goods Orders have contracted less than expected 2...
US Durable Goods Orders Report Shows Broad Based Slowdown in February The Commerce Department data released today show corporate spending as represented by durable goods orders dipped in February, indicating the manufacturing sector may not have bottomed out as thought after upbeat January figure...
It appears that rising Fed rate expectations to the benefit of the USD have been lowering investors’ demand for risk assets. With several Fed members confirming this week that two more hikes this year seem reasonable and as markets still under-price such a scenario caution remains warranted...
US Durable Goods Orders Preview: What to Expect of EUR/USD? Dollar maintained its bid tone in Europe, keeping the EUR/USD pair moderately lower in the range of 1.1150-1.1170. At one point, risk-off in Europe did come to the rescue for EUR, but failed to push it into the positive territory...
