Forex Archive

  • Services and manufacturing PMIs due up next At 1345 GMT (9:45 am ET), Markit will release its preliminary August manufacturing and services PMIs. Here was the preliminary report for July.

    Markit US PMIs coming up next

    Services and manufacturing PMIs due up next At 1345 GMT (9:45 am ET), Markit will release its preliminary August manufacturing and services PMIs. Here was the preliminary report for July.
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  • *Canadian Dollar Extends Fall To 2-day Low Of 1.4867 Against Euro Canadian Dollar Extends Fall To 2-day Low Of 1.4867 Against Euro

    *Canadian Dollar Extends Fall To 2-day Low Of 1.4867 Against Euro

    *Canadian Dollar Extends Fall To 2-day Low Of 1.4867 Against Euro Canadian Dollar Extends Fall To 2-day Low Of 1.4867 Against Euro
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  • *Canadian Dollar Extends Drop To 2-day Low Of 86.56 Versus Yen Canadian Dollar Extends Drop To 2-day Low Of 86.56 Versus Yen

    *Canadian Dollar Extends Drop To 2-day Low Of 86.56 Versus Yen

    *Canadian Dollar Extends Drop To 2-day Low Of 86.56 Versus Yen Canadian Dollar Extends Drop To 2-day Low Of 86.56 Versus Yen
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  • *U.S. Dollar Extends Decline To 0.9643 Vs Franc, 109.02 Vs Yen U.S. Dollar Extends Decline To 0.9643 Vs Franc, 109.02 Vs Yen

    *U.S. Dollar Extends Decline To 0.9643 Vs Franc, 109.02 Vs Yen

    *U.S. Dollar Extends Decline To 0.9643 Vs Franc, 109.02 Vs Yen U.S. Dollar Extends Decline To 0.9643 Vs Franc, 109.02 Vs Yen
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  • ECB's Draghi Urges Central Banks To Continue Preparing For New Challenges Monetary and regulatory policy actions and steps in supervision undertaken over the last decade have made the world more resilient, however, central banks must continue preparing for new challenges, European Central Bank President Mario Draghi said Wednesday. "When the world changes as it did ten years ago, policies, especially monetary policy, need to be adjusted," Draghi said in a speech delivered to a gathering of Nobel laureates and economists in Lindau, Germany. "Such an adjustment, never easy, requires unprejudiced, honest assessment of the new realities with clear eyes, unencumbered by the defence of previously held paradigms that have lost any explanatory power." Policymakers must be aware of the gaps that are present in the existing know-how, Draghi said, adding that it is often sudden shocks that bring to light the flaws of policy frameworks. Thus, they challenge the explanatory power ..

    ECB's Draghi Urges Central Banks To Continue Preparing For New Challenges

    ECB's Draghi Urges Central Banks To Continue Preparing For New Challenges Monetary and regulatory policy actions and steps in supervision undertaken over the last decade have made the world more resilient, however, central banks must continue preparing for new challenges, European Central Bank President Mario Draghi said Wednesday. "When the world changes as it did ten years ago, policies, especially monetary policy, need to be adjusted," Draghi said in a speech delivered to a gathering of Nobel laureates and economists in Lindau, Germany. "Such an adjustment, never easy, requires unprejudiced, honest assessment of the new realities with clear eyes, unencumbered by the defence of previously held paradigms that have lost any explanatory power." Policymakers must be aware of the gaps that are present in the existing know-how, Draghi said, adding that it is often sudden shocks that bring to light the flaws of policy frameworks. Thus, they challenge the explanatory power ..
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  • US dollar lower, more data to come The big battle in US dollar trading is whether the man in the White House is 'Candidate Trump' or a classic Republican president.

    Manufacturing, new home sales and oil inventories on the agenda in US trading as USD slips

    US dollar lower, more data to come The big battle in US dollar trading is whether the man in the White House is 'Candidate Trump' or a classic Republican president.
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  • Crude Oil Still Below $48 After API Shows Draw Crude oil futures were slightly higher Wednesday morning ahead of the official U.S. inventories data. The Energy Information Administration's Petroleum status report for the week that provides information on petroleum inventories in the U.S., will be available at 10.30 am ET. Yesterday, industry data showed U.S. crude oil stocks fell by 3.6 million barrels at the end of last week, the American Petroleum Institute (API) reported, slightly more than expected following a much larger decline the week before. WTI light sweet crude oil was up 29 cents at $47.65 an ounce. The flash Composite Purchasing Managers' Index for August will be issued at 9.45 am ET. The economists are looking for consensus of 54.3, compared to 54.2 in the previous month.

    Crude Oil Still Below $48 After API Shows Draw

    Crude Oil Still Below $48 After API Shows Draw Crude oil futures were slightly higher Wednesday morning ahead of the official U.S. inventories data. The Energy Information Administration's Petroleum status report for the week that provides information on petroleum inventories in the U.S., will be available at 10.30 am ET. Yesterday, industry data showed U.S. crude oil stocks fell by 3.6 million barrels at the end of last week, the American Petroleum Institute (API) reported, slightly more than expected following a much larger decline the week before. WTI light sweet crude oil was up 29 cents at $47.65 an ounce. The flash Composite Purchasing Managers' Index for August will be issued at 9.45 am ET. The economists are looking for consensus of 54.3, compared to 54.2 in the previous month.
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  • Pound Falls Amid Risk Aversion The pound declined against its major counterparts in the European session on Wednesday amid risk aversion, led by a fall in media shares after the world's largest advertising group WPP cut its full-year sales outlook. Shares of London-based WPP tumbled 10.16 percent after the group cut its full-year sales growth forecast, citing economic uncertainty and a "rise of populism" in the U.K. and the U.S. With geopolitical tensions running high and U.S. President Donald Trump signaling the possible termination of the NAFTA treaty with Mexico and Canada, investors looked ahead to the annual Jackson Hole Economic Policy Symposium in Wyoming for further direction. Reports of a fire alert on the Docklands Light Railway at Bank station in Central London made investors cautious. Services between Shadwell and Bank stations in central London have been suspended. The pound showed mixed performance in the Asian session. While the currency dropped against..

    Pound Falls Amid Risk Aversion

    Pound Falls Amid Risk Aversion The pound declined against its major counterparts in the European session on Wednesday amid risk aversion, led by a fall in media shares after the world's largest advertising group WPP cut its full-year sales outlook. Shares of London-based WPP tumbled 10.16 percent after the group cut its full-year sales growth forecast, citing economic uncertainty and a "rise of populism" in the U.K. and the U.S. With geopolitical tensions running high and U.S. President Donald Trump signaling the possible termination of the NAFTA treaty with Mexico and Canada, investors looked ahead to the annual Jackson Hole Economic Policy Symposium in Wyoming for further direction. Reports of a fire alert on the Docklands Light Railway at Bank station in Central London made investors cautious. Services between Shadwell and Bank stations in central London have been suspended. The pound showed mixed performance in the Asian session. While the currency dropped against..
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  • Gold Hovers Near $1300 Gold futures were little changed for a third day Wednesday, steady ahead of the Jackson Hole meeting of central bankers. Gold was up $4 at $1295 an ounce, holding near a recent 11-week peak above $1300. The flash Composite Purchasing Managers' Index for August will be issued at 9.45 am ET. The economists are looking for consensus of 54.3, compared to 54.2 in the previous month. The New Home Sales for July will be published at 10.00 am ET. The consensus is for 610K, unchanged from the prior period.

    Gold Hovers Near $1300

    Gold Hovers Near $1300 Gold futures were little changed for a third day Wednesday, steady ahead of the Jackson Hole meeting of central bankers. Gold was up $4 at $1295 an ounce, holding near a recent 11-week peak above $1300. The flash Composite Purchasing Managers' Index for August will be issued at 9.45 am ET. The economists are looking for consensus of 54.3, compared to 54.2 in the previous month. The New Home Sales for July will be published at 10.00 am ET. The consensus is for 610K, unchanged from the prior period.
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  • Denmark's Consumer Confidence Weakens Denmark's consumer confidence weakened in August after improving in the previous two months, survey data from Statistics Denmark showed Wednesday. The consumer confidence index fell to 7.6 in August from 10.5 in July, which was the highest score since May 2015. Consumers' financial situation over the last twelve months worsened in August, with the corresponding index falling to 5.8 from 10.7 in the prior month. Similarly, their own financial situation over the next twelve months decreased to 11.6 in August from 15.7 in July. Households' expectations regarding the general economic situation of the country in the next twelve months also fell to 11.7 from 13.0.

    Denmark's Consumer Confidence Weakens

    Denmark's Consumer Confidence Weakens Denmark's consumer confidence weakened in August after improving in the previous two months, survey data from Statistics Denmark showed Wednesday. The consumer confidence index fell to 7.6 in August from 10.5 in July, which was the highest score since May 2015. Consumers' financial situation over the last twelve months worsened in August, with the corresponding index falling to 5.8 from 10.7 in the prior month. Similarly, their own financial situation over the next twelve months decreased to 11.6 in August from 15.7 in July. Households' expectations regarding the general economic situation of the country in the next twelve months also fell to 11.7 from 13.0.
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