Euro Area Jobless Rate Lower Than Expected

The seasonally-adjusted unemployment rate for the 17-nation euro area in December 2013 was reported at 12 percent by Eurostat, the statistical office of the European Union, on Friday. In the 28-member European Union, or EU, the unemployment rate was 10.7 percent in December...

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The Fed goes ahead with its tapering plan

Equity markets and asset classes correlated to positive risk appetite were in retreat mode yesterday, with interest rate hikes from the Central Bank of Turkey and the South African Reserve Bank leaving markets skeptical this would be enough to quell the outflows of capital...

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Japan Inflation Quickens As Abe Seeks Wage Hikes

Inflation in Japan picked up speed in December, placing pressure on Prime Minister Shinzo Abe's government to encourage wage gains as he attempts to free the nation from the deflationary debility that has lasted 15 years. According to other data, 103 jobs were available...

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Dollar gains on robust U.S. growth data

The greenback firmed against most major currencies on Thursday after the U.S. reported its economy grew at a healthy pace in the fourth quarter of last year. In U.S. trading on Thursday,EUR/USD was down 0.85% at 1.3547. The dollar rallied after the Commerce Department...

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Forex - Emerging market currency selloff deepens after Fed

The selloff in emerging market currencies showed no signs of easing on Thursday, after the Federal Reserve announced further cuts to stimulus, while a slowdown in Chinese factory activity also heightened risk aversion. Emerging economies such as Turkey and South Africa...

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Taper 2: Fed announces $10 billion taper – USD advances

The FOMC announced a second taper of another $10 billion as expected, with $5 billion coming down from treasuries and $5 billion from MBS. Despite the weak Non-Farm Payrolls, the US economy seems to be on track, continuing its slow and steady recovery. The rout in emerging...

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European stocks open lower after China data, Fed taper; Dax down 0.1%

European stock market were lower after the open on Thursday, after the Federal Reserve announced plans to further taper stimulus and following the release of disappointing Chinese manufacturing data. During European morning trade, the EURO STOXX 50 fell 0.25%, France’s CAC...

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Forex Trading Signal for 30th January 2014

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European stocks rally after the open with Turkey in focus; Dax up 1.1%

European stocks opened sharply higher on Wednesday, after Turkey raised its key interest rates, calming fears about emerging markets. Traders now readied for the outcome of the Federal Reserve’s two-day policy meeting later in the day for news on the fate of the central bank’s...

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Forex Trading Signal for 29th January 2014

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Forex Trading Signal for 28th January 2014

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European stocks turn mixed; London’s FTSE 100 underperforms

European stocks turned mixed on Monday, as markets stabilized following a broad based selloff in stocks and emerging market currencies on Friday. During European afternoon trade, the EURO STOXX 50 inched up 0.4%, France’s CAC 40 added 0.2%, while Germany’s DAX 30 dipped 0.1%. The...

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