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U.S. Consumer Sentiment Deteriorates More Than Initially Estimated November

Consumer sentiment in the U.S. unexpectedly deteriorated by more than initially estimated in the month of November, according to a report released by the University of Michigan on Wednesday. The report said the consumer sentiment index for November was downwardly Read More →

Uptick By U.S. Leading Economic Index Matches Estimates

Pointing to a slowdown in the pace of U.S. economic growth, the Conference Board released a report on Wednesday showing only a slight uptick by its index of leading economic indicators in the month of October. The Conference Board said Read More →

UK October Budget Deficit Biggest For Month In 3 Years

The UK budget deficit in October far exceeded expectations and was the biggest for the month in three years, raising the likelihood of the government missing its borrowing target for the fiscal year, official data showed on Wednesday. The public Read More →

Dollar bounces back on safe haven bid

The dollar bounced back its against major peers on Wednesday, extending its previous days' gains as forex investors shunned riskier assets in favour of safe haven currencies over growing concerns regarding slowing global growth and the U.S.-Sino trade dispute.

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Bank Of England Backs May’s Brexit Agreement, Carney Warns Against No Deal Risks

Bank of England Governor Mark Carney welcomed the draft Brexit deal and the transition arrangement that the British Prime Minister Theresa May struck with the European Union last week, but warned that the risks of a "no-deal, no-transition" scenario remained Read More →

USD strikes a cautious note on comments raised; US-China concerns continue to fuel support for the JPY

The setback for the US Dollar continues at the US Dollar index (DXY) closes with a second consecutive day in negative territory. The DXY is currently at 96.22 after last week suffering the worst weekly drop since last September.

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