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Forex News
Renewed Consolidation Called For Japan Stock Market
The Japanese stock market on Thursday ended the two-day losing streak in which it had stumbled more than 630 points or 1.7 percent. The Nikkei 225 now rests just above the 38,250-point plateau although it figures to head south again on Friday.
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130 days ago
KOSPI May Give Up Support At 2,600 Points
The South Korea stock market headed south again on Thursday, one day after ending the two-day slide in which it had fallen almost 25 points or 0.9 percent. The KOSPI now sits just above the 2,620-point plateau and the losses may accelerate on Friday.
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131 days ago
Dollar Rises As Trump Confirms Tariffs
The U.S. dollar climbed higher on Thursday, scoring gains over its major counterparts, after U.S. President Donald Trump's confirmation that tariffs for Mexico and Canada will take effect March 4, and an additional 10% duty on Chinese goods will be imposed on the same day, on top of the 10% tariff also introduced earlier this month.
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131 days ago
Japan Data Due On Friday
Japan is scheduled to release a raft of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are January figures for industrial production, retail sales, housing starts and construction orders, as well as February data for Tokyo inflation.
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131 days ago
Euro Drops Against Majors
The euro weakened against its major counterparts in the New York session on Thursday.
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131 days ago
Canadian Market Down In Negative Territory On Tariff Concerns
Canadian stocks are turning in a mixed performance on Thursday with investors reacting to quarterly earnings updates, and U.S. President Donald Trump's tariff threats.
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131 days ago
U.S. Dollar Advances Against Majors
The U.S. dollar firmed against its major counterparts in the New York session on Thursday.
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131 days ago
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Swiss Market Ends On Weak Note
The Switzerland market closed weak on Thursday after languishing in negative territory right through the day's trading session, amid concerns about global growth outlook in the wake of fresh tariff threats by U.S. President Donald Trump.
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131 days ago
European Stocks Close Weak On Tariff Jitters
European stocks closed weak on Thursday amid rising fears of a trade war after the U.S. President Donald Trump announced plans to impose a 25% tariff on European cars and other goods, and confirmed 25% tariffs on Canada and Mexico from early March, and an additional 10% tax on Chinese imports.
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131 days ago
U.S. Pending Home Sales Plunge To All-Time Low In January
A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. plunged by much more than expected in the month of January, extending the sharp pullback seen in December. NAR said its pending home sales index dove 4.6 percent to an all-time low of 70.6 in January after tumbling 4.1 percent to a revised 74.0 in December.
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131 days ago
U.S. Durable Goods Orders Rebound In January As Aircraft Demand Skyrockets
Reflecting a substantial rebound by orders for transportation equipment, the Commerce Department released a report on Thursday showing new orders for U.S. manufactured durable goods surged by more than expected in the month of January. The Commerce Department said durable goods orders shot up by 3.1 percent in January after tumbling by a revised 1.8 percent in December.
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131 days ago
U.S. Jobless Claims Climb More Than Expected To Two-Month High
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits climbed much more than expected in the week ended February 22nd. The report said initial jobless claims rose to 242,000, an increase of 22,000 from the previous week's revised level of 220,000. Economists had expected initial jobless claims to inch up to 221,000.
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131 days ago
U.S. Q4 GDP Growth Unrevised At 2.3%
A report released by the Commerce Department on Thursday showed the U.S. economy grew in line with its preliminary estimate in the fourth quarter of 2024.
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131 days ago
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