Pound Falls After Weak U.K. Retail Boosts Prospect of Rate Cut

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. The slipped after U.K. data unexpectedly fell in December, increasing the chances that the Bank of England may cut a key interest rate this month. Sterling dropped 0.2% to $ 1.3049 and declined against all its […]

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More from the EU’s Hogan: EU wants to reset trade relationship with the US

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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Text of Phase One trade deal is balanced, fair – Chinese analysts

[unable to retrieve full-text content] Global Times reports, citing commentary by Chinese analysts on the matter ForexLive On the $ 200 billion purchases of US goods, a director of the Chinese Academy of International Trade and Economic Cooperation’s foreign trade institute said that "this should not be too difficult". Adding that: Forexlive RSS Breaking news […]

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Forex: Dollar Trickles Lower as U.S., China Sign Trade Deal

© Reuters. Invesing.com – The U.S. dollar fell Wednesday on data showing inflation remained muted, while the conclusion of the U.S.-China phase one trade deal had a muted impact on the greenback. The , which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.15% to 97.23. The U.S. and China […]

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US MBA mortgage approvals w.e. 10 January +30.2% vs +13.5% prior

Latest data from the Mortgage Bankers Association for the week ending 10 January 2019 Purchase index 303.9 vs 263.2 prior Market index 613.6 vs 471.3 prior Refinancing index 2,444.7 vs 1,713.7 prior 30-year mortgage rate 3.87% vs 3.91% prior The big swing here comes amid a spike in refinancing activity once again, although purchases are […]

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The US admin is assessing 250m USD military aid cut if its troops are ordered out of Iraq

The US admin is assessing 250m USD military aid cut if its troops are ordered out of Iraq Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Wall Street Journal report that the Trump administration is preparing possible cuts of $ 250 million in military aid to Iraq if Iraq […]

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SNB Franc Shock Reverberates in Negative Rates, U.S. Critics

© Reuters. SNB Franc Shock Reverberates in Negative Rates, U.S. Critics (Bloomberg) — Swiss National Bank President Thomas Jordan is finding it’s hard to revert to normal monetary policy without risking an unwanted appreciation of the . Five years since Jordan jolted markets by scrapping a cap on the franc and introducing negative interest rates, […]

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Forex – Pound Remains in Red, but Analyst Says ‘Buy Dip’

© Reuters. Investing.com – The pound pared some of its losses Monday against the dollar after falling to a two-and-a-half-week lows as softer U.K. economic data strengthened expectations for a Bank of England rate cut. But an analyst said traders should “buy the dip.” fell 0.50% to $ 1.2994, but had been as low as […]

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Forex – Sterling Slips vs Dollar, Euro as Vlieghe Fuels Rate Hopes

© Reuters. Investing.com — The dollar opened the week stronger against the and the Japanese , but weaker against the euro, with markets still unsettled by the weak labor market report on Friday. The , which measures the greenback against a basket of currencies, was effectively unchanged at 3:10 AM ET (0810 GMT) at 97.130. […]

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