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Forex News
U.S. Consumer Confidence Rebounds Much More Than Expected In May
A report released by the Conference Board on Tuesday showed a substantial improvement by U.S. consumer confidence in the month of May. The Conference Board said its consumer confidence index spiked to 98.0 in May after plunging to a downwardly revised 85.7 in April.
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44 days ago
U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet
With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April. The Commerce Department said durable goods orders tumbled by 6.3 percent in April after surging by a downwardly revised 7.6 percent in March.
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44 days ago
Dollar Plunges Amidst Renewed Trade Tensions And Fiscal Deficit Concerns
The Dollar recorded a massive plunge during the week ended May 23 amidst an escalation in tensions between the U.S. and its trading partners, particularly the European Union.
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45 days ago
Bay Street Seen Opening Higher Again
Canadian shares are likely to extend recent gains on Tuesday following U.S. President Donald Trump's decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
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45 days ago
U.S. Durable Goods Orders Pull Back Sharply In April
With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April.
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45 days ago
Eurozone Economic Sentiment Rises More Than Forecast
Eurozone economic confidence strengthened more than expected in May as manufacturers, consumers and retailers showed signs of recovery, survey data from the European Commission revealed on Tuesday. The Economic Sentiment Indicator climbed to 94.8 from 93.8 in April. The reading was above forecast of 94.0. The rise in the ESI was primarily driven by the improvements in the industry, retail trad
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45 days ago
FTSE 100 Up Nearly 0.75% On Easing Trade Tensions
U.K. stocks are up firmly in positive territory on Tuesday, coming back fairly strongly after a long weekend, as investor react to U.S. President Donald Trump's decision to delay 50% tariffs on EU goods till July 9th.
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45 days ago
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Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the European session on Tuesday.
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45 days ago
CAC Modestly Higher In Cautious Trade
French stocks are modestly higher on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to delay tariffs on European Union goods. Data showing a less than expected increase in French consumer price inflation in the month of May is aiding sentiment.
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45 days ago
German Consumer Sentiment To Improve Moderately In June
German consumer confidence is set to improve moderately to a seven-month high in June driven by strengthening economic and income expectations but overall level remained weak, a closely watched survey revealed Tuesday. The consumer climate indicator rose to -19.9 in June from -20.8 in the previous month, a survey jointly published by the market research group GfK and NIM showed.
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45 days ago
Sensex, Nifty Snap Two-day Winning Streak
Indian shares fell notably on Tuesday due to persistent concerns about United States' fiscal woes and fresh sell-off by foreign institutional investors (FIIs).
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45 days ago
DAX Scales New Record High On EU Tariff Relief, German Consumer Sentiment Data
German stocks are exhibiting strength on Tuesday, extending gains from the previous session, as investors continue to cheer the pause in EU tariffs. Report showing an uptick in German consumer sentiment contributes as well to market's gains.
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45 days ago
Antipodean Currencies Slide Amid Risk-off Mood
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Tuesday amid rising risk-off mood, as traders remain cautious amid uncertainty after U.S. President Donald Trump decided to postpone the implementation of 50% tariffs on the European Union goods to July 9 from June 1. The UK and US stock markets were shut for a holiday.
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45 days ago
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