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FX round-up: Currencies steady ahead of Fed statement

FX round-up: Currencies steady ahead of Fed statement

Wed, 20 September 2017

(ShareCast News) - Currency markets were steady on Wednesday ahead of a key speech from the US Fed. Due to be released at 1900 BST, the Federal Open Market Committee (FOMC) will publish their latest s... [more]

Higher imports, domestic output boost US oil stockpiles, DoE says

Higher imports, domestic output boost US oil stockpiles, DoE says

Wed, 20 September 2017

(ShareCast News) - US oil inventories jumped last week even as rising imports offset a partial recovery at the country's refineries. Commercial crude oil stockpiles rose by 4.6m barrels to reach 472.8... [more]

Rationale for asset purchases now gone, ECB's Knot says

Rationale for asset purchases now gone, ECB's Knot says

Wed, 20 September 2017

(ShareCast News) - The stronger euro reflects the relative strength and stability of the single currency bloc's economy, a top European Central bank official said. Speaking at an event in Brussels, th... [more]

US existing home sales unexpectedly drop in August

US existing home sales unexpectedly drop in August

Wed, 20 September 2017

(ShareCast News) - Sales of US existing homes unexpectedly fell in August, according to data from the National Association of Realtors. Sales fell by 1.7% to a seasonally-adjusted annual rate of 5.35m... [more]

German factory gate inflation subdued outside of energy in August

German factory gate inflation subdued outside of energy in August

Wed, 20 September 2017

(ShareCast News) - German factory gate prices edged past forecasts last month amid broad-based gains, led by energy cost pressures. Producer prices in the euro area's largest economy increased by 0.2%... [more]

Theresa May preparing €20bn Brexit bill offer - reports

Wed, 20 September 2017

(ShareCast News) - Theresa May is preparing to offer the EU €20bn to settle a post-Brexit divorce bill with the bloc, according to reports ahead of the Prime Minister's speech in Florence on Frid... [more]

OECD upgrades eurozone and China growth forecasts; UK and US unchanged

Wed, 20 September 2017

(ShareCast News) - Forecasts for growth of the eurozone and China have been upgraded by the OECD, as global growth increases this year and next. The OECD upped its forecasts for the eurozone to 2.1% f... [more]

Theresa May to tell technology companies to go 'further and faster' in battling extremism

Wed, 20 September 2017

(ShareCast News) - As part of her United Nations address on Wednesday, Theresa May was set to urge technology companies to go "further and faster" with their efforts to remove extremist content from t... [more]

Spanish police arrest Catalan officials ahead of independence vote

Wed, 20 September 2017

(ShareCast News) - Police in Spain have arrested 12 Catalan officials and stormed several ministries in the region in a major crackdown ahead of a new independence vote on 1 October. The referendum ha... [more]

FX round-up: Calm before the storm ensues as markets await Fed decision

Tue, 19 September 2017

(ShareCast News) - Currency markets were fairly quiet on Tuesday, as traders opted to keep heir powder dry until Wednesday's economic and statement release from the Fed. The dollar lost some ground ag... [more]

Trump promises to 'totally destroy' North Korea if necessary

Tue, 19 September 2017

(ShareCast News) - US President Donald Trump has said that his administration and its allies are willing to 'totally destroy' North Korea if it is forced to defend itself against the regime. In Trump'... [more]

US second quarter current account deficit rises more than forecast

Tue, 19 September 2017

(ShareCast News) - America's shortfall on its current account balance widened appreciably over the second quarter, mainly as imports of goods and services accelerated more quickly than sales to overse... [more]

US August import prices miss forecasts despite jump in fuel costs

Tue, 19 September 2017

(ShareCast News) - US import prices jumped last month, on the back of a surge in the price of imported fuel. Total prices rose by 0.6% on the month and 2.1% year-on-year, according to the Department o... [more]

US August housing starts bang in-line with estimates

Tue, 19 September 2017

(ShareCast News) - US housing starts declined by 0.8% month-on-month in August to hit an annualised rate of 1.18m, according to the Department of Commerce. That was exactly in-line with economists' fo... [more]

US August housing starts bang in-line with estimates

Tue, 19 September 2017

(ShareCast News) - US housing starts declined by 0.8% month-on-month in August to hit an annualised rate of 1.18m, according to the Department of Commerce. That was exactly in-line with economists' fo... [more]

New poll predicts Merkel to win German election on Sunday

Tue, 19 September 2017

(ShareCast News) - A poll released on Tuesday predicted that Chancellor Angela Merkel would secure her fourth election victory when it came time for the German people to cast their votes on Sunday. De... [more]

German economic confidence rises past forecasts in September, ZEW says

Tue, 19 September 2017

(ShareCast News) - Financial experts turned more optimistic on the outlook for the German economy, according to the results of one of the most widely-followed surveys, despite recent strength in the E... [more]

British Virgin Islands brace for Hurricane Maria

Tue, 19 September 2017

(ShareCast News) - The governor of the British Virgin Islands, Guy Jaspert, sent warnings to its residents in a frantic effort to keep the toll from Hurricane Maria, which was expected to strengthen a... [more]

Trump to call on UN to take action against Iran and North Korea

Tue, 19 September 2017

(ShareCast News) - Donald Trump will call on the United Nations to take action against Iran and North Korea in his first speech at the UN General Assembly on Tuesday. Scheduled to take the stage in th... [more]

Trump tells UN to cut down on bureaucracy

Mon, 18 September 2017

(ShareCast News) - US President Donald Trump has implored the United Nations to ditch bureaucracy in order to maximise its potential. Making a speech ahead of his first appearance at the UN General As... [more]

Bitcoin resilient in spite of Chinese crackdown

Mon, 18 September 2017

(ShareCast News) - Bitcoin refused to slow down on Monday even though reports continued to circulate that Beijing had decided to move forward with a crackdown that would see it hit with a wide range o... [more]

Founder of Rolling Stone puts magazine up for sale

Mon, 18 September 2017

(ShareCast News) - The founder of the Rolling Stone has announced plans to put his controlling stake in the 50-year old music and counterculture magazine up for sale, although no mention was made of w... [more]

Snapchat blocks Al Jazeera channel in Saudi Arabia

Mon, 18 September 2017

(ShareCast News) - News channel Al Jazeera has had its channel blocked on picture messaging app Snapchat in Saudi Arabia, after a government request. The social media company said it was asked by Saud... [more]

Kurdish referendum threatens to destabilise region, says Iraqi PM Al-Abadi

Mon, 18 September 2017

(ShareCast News) - Iraqi Prime Minister Haider al-Abadi announced on Monday that the nation's Supreme Court had ruled to suspend the Kurdish independence referendum originally set for 25 September unt... [more]

FX round-up: Pound surges on rate hike expectations, safe havens pay little attention to North Korea

Fri, 15 September 2017

(ShareCast News) - Friday trading saw the pound surge against all its major counterparts as the world woke up to another missile test from North Korea. Sterling built on Thursday's 1.51% rally, to gai... [more]