Forex News

Pound Weakens In Cautious Trade

Pound Weakens In Cautious Trade

The pound fell against its major counterparts in the European session on Wednesday, amid weak industrial profit data from China and on a report that the Biden administration is planning to impose new curbs on exports of artificial intelligence chips to China.
RTTNews | 687 days ago
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DAX Gains On Optimism About US Economy

DAX Gains On Optimism About US Economy

German stocks traded sharply higher on Wednesday as upbeat U.S. economic reports on key manufactured capital goods, new home sales and consumer confidence soothed concerns about an economic downturn.
RTTNews | 688 days ago
Asian Shares Mixed Ahead Of Powell's Speech

Asian Shares Mixed Ahead Of Powell's Speech

Asian shares ended mixed on Wednesday as China industrial profits data disappointed and a softer than expected headline inflation figure in Australia raised the prospect of a pause in interest rate rises from the Reserve Bank of Australia.
RTTNews | 688 days ago
Commodity Currencies Fall As Crude Oil Prices Slide

Commodity Currencies Fall As Crude Oil Prices Slide

Commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major rivals in the Asian session on Wednesday, as the crude oil prices drop amid concerns about the outlook for fuel demand due to economic slowdown, and rising prospects of more interest rate hikes.
RTTNews | 688 days ago
European Economic News Preview: German Consumer Confidence Data Due

European Economic News Preview: German Consumer Confidence Data Due

Consumer confidence survey results from Germany and France are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, the market research group GfK is scheduled to issue Germany's consumer confidence survey results. The sentiment index is forecast to improve to -23 in July from -24.2 in June.
RTTNews | 688 days ago

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