Tag: Forex News Round Up

ECB to End QE Program in December

The European Central Bank (ECB) has confirmed it will end a huge programme to stimulate the eurozone economy in December. The ECB will stop its bond-buying scheme, worth €30bn a month, as long as economic data remains favourable. The move is a major step towards dismantling the policies brought in to stabilise the eurozone in […]

ECB – Monetary policy summary June 2018

Main refinancing rate 0.00% Marginal lending facility 0.25% Deposit facility -0.40% Monthly asset purchases €30 billion QE to end by the end of December Asset purchases expected to be tapered to €15 billion from Oct to Dec Decision on asset purchases still depends on incoming data ECB to keep rates unchanged at least until summer […]

Greenspan Disagrees with Trump on Trade

Former Federal Reserve Chairman Alan Greenspan sharply disputed the notion the U.S. was being ripped off by other countries because of its trade deficit. The former central bank chief told CNBC that President Donald Trump has the situation “reversed” as it pertains to global trade issues. Asked if he thought the country was in a […]

Trump Blames OPEC for High Oil Prices

U.S. President Donald Trump and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after he withdrew last month from a global nuclear arms deal with Iran. Trump sparked the latest back-and-forth when he renewed his attack on OPEC in […]

Gasoline Prices Drove US PPI Higher in May

U.S. producer prices increased more than expected in May, leading to the biggest annual gain in nearly 6-1/2 years, but underlying producer inflation remained moderate. The Labor Department said on Wednesday its producer price index for final demand rose 0.5 percent last month, boosted by a surge in gasoline prices and continued gains in the […]

U.S Producer price index

The Producer Price Index for final demand rose 0.5 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.1 percent in April and 0.3 percent in March. (See table A.) On an unadjusted basis, the final demand index moved up 3.1 percent for the 12 months ended […]

US Primaries to Take Place on Tuesday in 5 States

Voters from across the country will cast their primary election ballots Tuesday in a group of states that will help to determine control of both the House and Senate in November. Virginia, Nevada, Maine, North Dakota and South Carolina will all hold primaries on June 12. Voters will pick challengers in several battleground House elections […]

US Stocks Rise Ahead of Trump-Kim Summit

U.S. stocks rose on Monday, driven by gains in Facebook (FB.O) and a handful of healthcare stocks ahead of a highly anticipated meeting between President Donald Trump and North Korean leader Kim Jong Un Officials from both countries sought to narrow differences on how to end a nuclear stand-off on the Korean peninsula as the […]

Bloomberg Survey Shows Fed Sticking to 25 bps Hike in June

The Federal Reserve won’t steepen the path of interest-rate increases this year in the face of accelerating U.S. growth, according to economists surveyed by Bloomberg. In a poll conducted June 5-7, the proportion of respondents who expect at least three additional rate hikes in 2018 dropped slightly, compared with the survey in March. The median […]

GBP Falls After Economic Indicators Soften

The pound has fallen sharply following data suggesting a sluggish economy. Manufacturing output fell 1.4% in April, the biggest fall for nearly six years, according to the Office for National Statistics (ONS). Another ONS report showed only a modest rebound in construction output, after a sharp contraction in March. The pound fell three quarters of […]