Forex News

U.S jobless claims were 900,000 in the week ending January 16, down 26,000 from the previous week and less than expected 935,000, according to the Department of Labor press release. Continuing claims fell by 127,000 to hit 5.05 million, less than the expected 5.3 million in the week ending January 9. The 4-week jobless claims moving average was 848,000, an increase of … [Read more...] about U.S. Jobless Claims Fell, But Remain Higher than Pre-Crisis Levels

U.K house prices increased 7.6% to £249,633 in the year to November 2020, up from 5.9% in October 2020, according to the U.K Government press release. Average house prices rose by 1.2% between October and November 2020, compared with a fall of 0.4% during the same period a year earlier.  House price growth was strongest in Yorkshire and The Humber and London, where … [Read more...] about U.K. House Prices Rose 7.6% in the Year to November

The International Energy Agency (IEA) on Tuesday revised global oil demand downwards by 0.3 million barrels, reports CNBC. IEA now expects world oil demand to recover by 5.5 million barrels per day (bpd) to 96.6 million this year.  The downward revision of demand outlook by IEA follows an unprecedented collapse of 8.8 million bpd last year as the coronavirus hit global … [Read more...] about IEA Cuts 2021 Oil Demand Outlook on new COVID-19 Lockdowns

The US dollar remains firm as traders keep focus on Biden's stimulus despite the Fed's economic warning.Euro remains under pressure as the bloc grapples with surging coronavirus cases.Yen edges up as Japan’s exports likely increased for the first time in two years. Dollar holds ground despite Fed’s dovish tone The US dollar index rose 0.12% to $90.35 in Asian trading … [Read more...] about US, Japan, and China Currencies Rise as Euro Struggles

U.S retail sales fell 0.7% in December, a third straight month, showing that the economy lost speed at the end of 2020, according to Reuters. Manufacturing production rose 0.9% after advancing 0.8% in November, the eighth-month of straight gains and above expected 0.5% Sales at restaurants and bars plunged 4.5%, online sales tumbled 5.8%, while receipts at electronics and … [Read more...] about U.S Retails Records Further Decline, Manufacturing Rise Beats Estimates