Forex - Pound hits 10-month highs vs. dollar

The pound rose to session highs against the dollar on Wednesday after revised data showed that the rate of growth in the U.K. economy in the third quarter was in line with preliminary estimates. GBP/USD rose 0.37% to 1.6274, the highest level since January 2, up from...

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Dollar at 1-month lows vs. euro, 6-month highs vs. yen

The dollar slipped to one-month lows against the euro on Wednesday, but traded up to almost six month highs against the yen in thin trade ahead of the U.S. Thanksgiving holiday on Thursday. During European morning trade, USD/JPY was up 0.44% to 101.71, just below...

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German Gfk consumer climate rises to 6-year high in December

Germany's consumer climate for December rose to the highest level since August 2007, fuelling optimism over the health of the euro zone’s largest economy, industry data showed on Wednesday.  In a report, market research group Gfk said its index of Germany's consumer climate...

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European stocks rise ahead of German, U.S. data; Dax up 0.18%

European stocks were higher on Wednesday, tracking Tuesday's Wallstreet rally as investors eyed the release of German consumer climate data, as well as a string of U.S. economic reports later in the day.  During European morning trade, the EURO STOXX 50 rose 0.20%, France’s...

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Asia stocks mixed; Nikkei ends down 0.4%

Asian stock markets were mixed in rangebound trade on Wednesday, amid ongoing uncertainty over the future of the Federal Reserve's stimulus program. During late Asian trade, Hong Kong's Hang Seng Index inched up 0.4%, Australia’s ASX/200 Index ended 0.45% lower, while Japan’s...

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Forex - Euro hits 1-month high vs. dollar and 4-year high vs. yen

The euro edged up to one month highs against the dollar on Wednesday and hit four year highs against the yen in thin trading conditions ahead of the U.S. Thanksgiving holiday on Thursday. EUR/USD inched up 0.06% to 1.3580, the highest since October 31 from 1.3570 on...

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U.S. stocks open slightly higher after strong data; Dow Jones up 0.16%

U.S. stocks opened slightly higher on Tuesday, supported by upbeat U.S. housing sector data, although speculation the Federal Reserve could soon begin tapering its stimulus program persisted.  During early U.S. trade, the Dow Jones Industrial Average added 0.16%, the S&P...

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Forex - GBP/USD gives up gains after Carney comments

The pound erased gains against the dollar on Tuesday after Bank of England Governor Mark Carney said the 7% unemployment target is a threshold and not a trigger for rising interest rates. GBP/USD dipped 0.01% to 1.6154 during European afternoon trade, down from session...

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Forex - Euro hits session lows vs. dollar after Hansson remarks

The euro fell to session lows against the dollar on Monday and trimmed gains against the yen following reports in Bloomberg that a senior European Central Bank official said the bank is ready to cut interest rates further. EUR/USD was down 0.31% to 1.3512 during European...

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Forex - EUR/USD weekly outlook: November 25 - 29

The euro gained ground against the dollar on Friday and rose to four year highs against the yen as stronger-than-forecast German business confidence data bolstered the outlook for the economic recovery in the currency bloc. EUR/USD ended Friday’s session at 1.3556, up...

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Forex - GBP/USD weekly outlook: November 25 - 29

The pound pushed higher against the dollar on Friday, tracking gains in the euro following the release of stronger-than-forecast German business confidence data. GBP/USD ended Friday’s session at 1.6225, the highest since October 25, up from Thursday’s close of 1.6197....

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U.S. futures steady in cautious trade; Dow Jones up 0.02%

U.S. stock futures pointed to a steady open on Friday, as supported Thursday's upbeat U.S. economic reports still supported equity markets, although indications the Federal Reserve could begin tapering its asset purchases in the near future weighed.  Ahead of the open,...

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Dollar mixed vs. rivals, remains supported by U.S. data

The dollar was mixed against the other major currencies on Friday, but remained supported as positive U.S. economic reports on Thursday fuelled further expectations for the Federal Reserve to begin scaling back its stimulus program in the near future. During European morning...

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