FX News

UK Industrial Output Recovers On Oil Extraction

UK industrial production rebounded in January on oil and gas extraction, while construction output contracted notably, official data showed Friday. Industrial output grew 1.3 percent month-on-month in January, offsetting December's 1.3 percent decrease, the Office for National Statistics reported. A Read More →

U.S. Job Growth Accelerates Much More Than Expected In February

Job growth in the U.S. saw a significant acceleration in the month of February, according to a report released by the Labor Department on Friday, although the report also showed a slowdown in the pace of wage growth. The Labor Read More →

Bitcoin Tumbles Below $9K As Regulatory Concerns Spook Market

Bitcoin and other cryptocurrencies fell sharply this week as markets were spooked by a bevy of concerns that included the stern measures adopted by regulators, a massive sale of Bitcoin, and an attempted large-scale hack at a popular crypto exchange. Read More →

U.S. Wholesale Inventories Climb 0.8%, But Wholesales Sales Slump 1.1%

Wholesale inventories in the U.S. increased by slightly more than expected in the month of January, a report from the Commerce Department revealed on Friday. The Commerce Department said wholesale inventories climbed by 0.8 percent in January after rising by Read More →

ECB drops its easing bias; Trump will meet Kim Jong Un by May

The European Central bank left interest rates unchanged and will continue its asset purchases program of 30 billion euros per month till Spetember. The ECB removed the statement that it was ready to increase the level of bond purchases in Read More →

China’s Inflation Highest Since 2013

China's inflation rose sharply to the highest level in more than four years in February driven by a rebound in food prices. Meanwhile, producer price inflation slowed to a 15-month low. Elsewhere, People's Bank of China Governor Zhou Xiaochuan said Read More →