Forex News

U.K flash Composite Output Index hit a 2-month high of 49.8 in February, up from January’s 41.2, according to IHS Markit press release. Service Business Activity Index reached a 4-month high of 49.7, up from January’s 39.5 to signal recoveries from the sharp downturns at the start of the year. Despite the rise in service activity, U.K recorded a slump in manufacturing … [Read more...] about U.K Composite Output Index on a 2-Month High as Service Activity Stabilizes

U.K retail sales in January 2021 fell by 8.2% from December on tighter nationwide coronavirus restrictions, according to the Office of National Statistics press release. The retail sales volumes were 5.5% below the pre-pandemic levels in February 2020. All sectors recorded a slump in sales volumes in January 2021 except for non-store retail and food stores which gained … [Read more...] about U.K Retail Sales Slips 8.2% on COVID-19 Impacts

U.S jobless claims in the week ending February 13 totaled 861,000, an increase of 13,000 from the previous week level, according to the Department of Labor press release. The figures were higher than expected 773,000 while the continuing claims fell by 64,000. First-time filings for unemployment insurance surged last week revealing signs of continuing strains in the labor … [Read more...] about U.S Jobless Claims Unexpectedly Rise above Estimates

The US dollar has risen against the Japanese yen, with investors optimistic about Biden's stimulus.The US 10-year treasury rate has grown by 1.30%, while Japan's government bond interest rate is at 0.08%Japan may see positive inflation growth of 0.3% in 2021. The USD/JPY rose 3.18% to 105.867 on February 17, 2021, and YTD due to the increase in the US-10-year treasury yield. … [Read more...] about USD/JPY: Dollar Gains With the Rise in 10-Year Treasury Yield

U.S retail sales jumped 5.3% in January as consumers flocked to spend their stimulus checks, according to the Census Bureau press release. The retail sales were higher than expected rise of 1.2%.  Excluding autos, sales rose 5.9%, beating an estimate of 1%The surge in consumer spending come when expectations for growth in the early part of 2021 were muted as the … [Read more...] about U.S Retail Sales Rose 5.3% in January on Stimulus Impacts