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FX round-up: Currencies take a rest after Fed hints

FX round-up: Currencies take a rest after Fed hints

Thu, 21 September 2017

(ShareCast News) - Wednesday saw the Fed Chair Janet Yellen confirm that there would be a winding down of it's $4.5 trillion balance sheet in October and hinted at a possible rate increase by the end ... [more]

Barnier fires shot across May's bows ahead of Florence speech

Barnier fires shot across May's bows ahead of Florence speech

Thu, 21 September 2017

(ShareCast News) - Ahead of the UK Prime Minister's major Brexit speech on Friday, chief European Union Brexit negotiator Michel Barnier has warned Theresa May against trying to have her cake and eat ... [more]

Eurozone consumer confidence increases in September

Eurozone consumer confidence increases in September

Thu, 21 September 2017

(ShareCast News) - Eurozone households are feeling more confident about the economic situation, according to a key European Commission survey released on Thursday afternoon. Consumer sentiment inched ... [more]

Interest rates set to tumble in Brazil, Pantheon Macroeconomics says

Interest rates set to tumble in Brazil, Pantheon Macroeconomics says

Thu, 21 September 2017

(ShareCast News) - Consumer prices in Brazil edged higher in September but remained well below the central bank's target level, which meant policy rates were set to tumble, according to some economist... [more]

Philly Fed index rise again in September, new orders and shipments strong

Philly Fed index rise again in September, new orders and shipments strong

Thu, 21 September 2017

(ShareCast News) - Factory conditions in the US mid-Atlantic region rose again this month, amid a sharp rise in new orders and shipments, according to the results of one of the most widely-followed su... [more]

Weekly US unemployment claims fall unexpectedly

Thu, 21 September 2017

(ShareCast News) - Unemployment claims in the US fell back unexpectedly during the latest week, contrary to some economists' forecasts, even as the Department of Labor reiterated that hurricanes Harve... [more]

BoJ keeps policy unchanged despite inflation miss

Thu, 21 September 2017

(ShareCast News) - Rate-setters at the Bank of Japan kept all their main policy settings in place overnight despite recent stronger-than-expected economic growth, even as inflation continued to fall s... [more]

S&P cuts China's sovereign debt rating to A+

Thu, 21 September 2017

(ShareCast News) - Standard & Poor's cut its rating on China's long-term debt rating following a prolonged period of strong credit growth that has increased the country's financial and economic risks.... [more]

September FOMC - Analysts react

Wed, 20 September 2017

(ShareCast News) - "While the Fed remains on course, we still have our doubts about the third rate hike. Note that the minutes of the previous meeting, in July, revealed a fierce debate about the infl... [more]

Federal Reserve to start taper in October, nudges rate forecast lower

Wed, 20 September 2017

(ShareCast News) - America's central bank has stuck to script - or almost - announcing it will begin to taper the size of its balance sheet next month while keeping the target for its main policy inte... [more]

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

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

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

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

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]

NASDAQ 100 Top Risers

Name Last Chg.% Time
American Airlines Group 46.29 1.92 22:33
Netflix Inc. 188.78 1.76 23:01
Shire Plc Ads 155.36 1.28 22:34
Discovery Communications Inc. Class C 20.30 1.15 22:30
Seagate Technology Plc 32.72 1.05 23:10

NASDAQ 100 Top Fallers

Name Last Chg.% Time
JD.com, Inc. 42.98 -3.29 23:04
Mercadolibre Inc. 281.87 -2.87 22:34
Nvidia Corp. 180.76 -2.73 23:07
NetEase Inc. Ads 277.62 -2.09 23:03
Symantec Corp. 33.04 -2.02 22:45