Forex News
US Retail Sales Data for July Surpassed All Expectations
Video Source: CNBC Television on YouTube The pound fell against the greenback yesterday following the release of overwhelmingly positive US retail sales data for July. The UK’s GDP data was in line with economists’ expectations. Overall, the GBP/USD pair
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The RBNZ Slashes Benchmark Rate and Signals Further Easing
Video Source: Sky News Australia on YouTube The Kiwi dollar lost ground against the greenback yesterday following the announcement of a rate cut by the Reserve Bank of New Zealand and the accompanying dovish policy statement. The US inflation
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The German ZEW Economic Sentiment Declines Sharply in August
Video Source: Bloomberg Television on YouTube The euro fell against the pound on Tuesday following the unexpectedly steep decline in the German ZEW sentiment index for August. The UK’s Claimant Count Change data for July also fell short of
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Canada Building Permits Unexpectedly Decline 13.90% in June
Video Source: TLDR News Global on YouTube The Canadian dollar lost ground against the euro yesterday following the release of unexpectedly weak building permit data for June. The German wholesale price index data for July was better than estimates.
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Canada’s Employment Change Data for July Disappoints Market
Video Source: CTV News on YouTube The euro gained ground against the loonie on Friday following the release of unexpectedly weak Canadian employment change data for July. The German consumer price index data was in line with economists’ expectations.
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US Unemployment Claims Drop to 233,000, Beating Forecasts
Video Source: CNBC Television on YouTube The greenback rose against the yen yesterday following the release of better-than-anticipated first-time jobless claims data. Japan’s economic data was mixed. Specifically, the country’s current account surplus missed estimates. This enabled the USD/JPY
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New Zealand Employment Unexpectedly Rises 0.40% in 2Q 2024
Video Source: The Platform NZ on YouTube The euro fell against the Kiwi dollar yesterday following the release of unexpectedly solid New Zealand employment change data for the June 2024 quarter. The German economic data was mixed. This enabled
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RBA Maintains Interest Rates, Shrugs Off Near-Term Rate Cut
Video Source: ABC News (Australia) on YouTube The Aussie gained ground against the yen yesterday following the RBA’s (Reserve Bank of Australia) decision to hold the benchmark interest rates unchanged at a 12-year high. The central bank also stated
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Eurozone Sentix Investor Confidence Index Plummets in August
Video Source: Yahoo Finance on YouTube The euro rose against the greenback yesterday despite the release of worse-than-anticipated Eurozone Sentix investor confidence index data for August. The US final services PMI data for July also missed estimates. However, the
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The US Economy Cools as Job Additions Slow to 114k in July
Video Source: CNBC Television on YouTube The greenback plunged against the Swiss franc on Friday after releasing lower-than-anticipated US employment data for July. The Swiss consumer price index data was in line with analysts’ estimates. Overall, the USD/CHF pair
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