Trading the News: U.K. Jobless Claims Change A 2.8K rise in U.K. Jobless Claims accompanied with another slowdown in wage growth may generate fresh 2016 lows in GBP/USD as it raises the Bank of England’s (BoE) scope to further delay its normalization cycle. What’s Expected: Why Is This Event Important: The recent comments from BoE Governor Mark Carney suggests that the Monetary Policy Committee ...
The Chinese economy grew at the slowest pace in two-and-a-half decades during 2015 amid a manufacturing slump and equity market slowdown, official data to be released on Tuesday may reveal. Gross domestic product likely grew 6.9 percent in 2015, just short of the government's 7 percent target. That would be slower than the 7.3 percent expansion in the previous year. China's stock markets have been largely declining since the start of the ...
China's economic growth slowed unexpectedly in the three months ended December, figures from the National Bureau of Statistics showed Tuesday. Gross domestic product grew 6.8 percent year-over-year in the fourth quarter, slower than the 6.9 percent climb in the third quarter. Economists had expected the growth to remain stable at 6.9 percent. more...
Retail sales in the U.S. saw a modest decrease in the month of December, according to a report released by the Commerce Department on Friday. The report said retail sales edged down by 0.1 percent in December following an upwardly revised 0.4 percent increase in November. EURUSD M5: 64 pips price movement by USD - Core Retail Sales news event: more...
The World Bank trimmed its global growth outlook, citing anemic recovery in major emerging markets, although it suggested that overall growth will improve from last year, underpinned by advanced economies. Global economic growth is forecast to be 2.9 percent this year, instead of the 3.3 percent projected in June, the Washington-based lender said in its bi-annual Global Economic Prospects. "There is greater divergence in performance among ...
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