Category Archives: Forex

forex

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Oil Ends Modestly Higher

Crude oil prices edged higher on Friday, amid hopes the trade talks between U.S. and China next week will help diffuse trade tensions and reduce fears about any slowdown in fuel demand. According to reports, the U.S.-China trade talks in Washington would take place on August 21 and 22, just before the next round of […]

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Gold Settles Slightly Higher, But Sheds 2.9% In The Week

Gold prices moved in a very tight range on Friday, as traders, looking ahead to next week’s trade talks between the U.S. and China, mostly stayed wary of building up positions. Despite a marginal gain today, gold posted its sixth consecutive weekly decline as the greenback hovered around 14-month highs for most part of the […]

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Dollar Mixed Ahead Of University Of Michigan's Consumer Sentiment Index

At 10:00 am ET Friday, the University of Michigan’s preliminary consumer sentiment index for August is due. Ahead of the data, the greenback traded mixed against its major rivals. While the greenback held steady against the pound, it fell against the rest of major rivals. The greenback was worth 110.48 against the yen, 1.1413 against […]

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Canadian Dollar Higher After Strong Consumer Inflation Data

The Canadian dollar strengthened against its major counterparts in early New York deals on Friday, as a data showed that the nation’s consumer inflation improved in July. Data from Statistics Canada showed that the CPI rose 0.5 percent on a seasonally adjusted monthly basis in July, following a 0.2 percent increase in June. The rate […]

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Loonie Advances After Canada CPI

At 8:30 am ET Friday, Statistics Canada has released Canada CPI for July. Following the data, the loonie climbed against its major rivals. The loonie was trading at 1.3082 against the greenback, 1.4903 against the euro, 84.34 against the yen and 0.9516 against the aussie around 8:32 am ET. The material has been provided by […]

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Poland's Average Gross Wages Rise Less Than Forecast

Poland’s average gross wages increased less-than-expected in July, figures from Statistics Poland revealed Friday. Average gross wages advanced 7.2 percent year-on-year in July, slower than the 7.6 percent increase economists had forecast. On a monthly basis, average gross wages dropped 0.5 percent. Economists had expected a 0.2 percent decrease for July. During January to July […]

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Euro Eases Amid Risk Aversion

The euro retreated from its early highs against its key counterparts in the European session on Friday, as investors became concerned about renewed weakness in the lira and the fate of upcoming U.S.-China trade talks. The United States has warned of more sanctions against Turkey, triggering a sell-off in Lira. In a message on Twitter, […]

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Croatia's Inflation Slows In July

Croatia’s consumer price inflation slowed in July, figures from the Croatian Bureau of Statistics showed Friday. Inflation eased to 2.1 percent in July from 2.4 percent in June. Excluding energy and food, core inflation slowed to 0.7 percent from 0.9 percent a month ago. Month-on-month, consumer prices dropped 0.9 percent after staying flat in June. […]

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Turkey Retail Sales Growth Weakest In 8 Months

Turkey’s retail sales grew at the slowest pace in eight months in June, the Turkish Statistical Institute reported Friday. Retail sales climbed 4.3 percent year-on-year in June, slower than the 5.1 percent increase logged in May. This was the weakest growth since November 2017, when sales advanced 3.1 percent. The slowdown was largely driven by […]