The British Pound struggled to hold its ground as Fitch Ratings lowered the U.K.’s AAA credit rating to AA+, and the GBPUSD may continue to give back the rebound from 1.4830 should it fail to maintain the upward trending channel carried over from the previous month.
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The New Zealand Dollar ended the week nearly 2.0 percent lower, a dramatic turnaround from previous weeks.
The EURUSD looks poised to threaten the range-bound price action carried over from the previous week as the EU struggles to meet on common ground.
MOSCOW, April 18 (Reuters) – Russia’s largest steelmaker Evraz said on Thursday its first-quarter crude steel output was 4.07 million tonnes, an 11 percent rise from the previous quarter thanks to a lack of maintenance work.
Despite a 10 percent correction in mainland equities over the past two months, driven by a slew of concerns from Beijing’s crackdown on property speculation to rising local government debt levels, China market bulls are not giving up hope, forecasting gains of up to 15 percent in the coming months. The world’s second largest economy’s disappointing first quarter gross domestic product (GDP) growth of 7.7 percent, coupled with benign inflation, is lessening the risk of policy tightening that has been weighing on the market, say strategists
The number of Americans seeking unemployment benefits jumped by 16,000 last week, the second straight weekly increase. But the longer-term trend in layoffs remained consistent with an improved job market
March 28 (Reuters) – U.S. municipal bond funds reported net weekly outflows of $43 million in the week ended March 27, after outflows of $261 million the previous week, Lipper said on Thursday.
CAIRO, March 24 (Reuters) – The average yield on Egyptian 91-day treasury bills rose to 12.868 percent at an auction on Sunday from 12.471 percent at the previous auction a week ago, the central bank said.
The ratio of Canadian household debt to disposable income rose to another record last quarter, calling into question Bank of Canada Governor Mark Carney’s assertion that families are listening to his warnings about the risks of borrowing too much. Credit-market debt such as mortgages rose to 165.0% of disposable income, compared with 164.7% in the prior three-month period, Statistics Canada said Friday in Ottawa
Polish Zloty (EUR/PLN) – Inflation keeps diving After the previous exciting week on currencies…
The EURUSDtracked lower on Tuesday and the single currency may continue to give back the rebound from the previous week amid the weakening outlook for the euro-area.
The BNZ-BusinessNZ seasonally adjusted PMI for February stood at 56.3, which was 1.1 points up from January and the highest monthly result since February 2012.
Of the previous three currency bear markets as measured by the Euro – see Figure 1 — two happened very fast and ended quickly, while the last one lasted a little longer, yet only because it had co…