Category: Market News

March 10, 2017 BY Valentina Kirilova

Dollar firms to seven week highs against the yen

The dollar hit seven-week highs vs the yen today, as investors awaited U.S. jobs data ahead of next week's Federal Reserve meeting, while weak inflation figures pushed the Norwegian crown to four-month lows against a stronger euro, Reuters reported. The single currency rose a third of a percent to a four-day high of $1.0619, having…

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March 08, 2017 BY Valentina Kirilova

Japan's economy gets an upgrade in Q3 2016

Japan’s economy grew faster than first thought in the final three months of 2016. Japan’s Cabinet Office announced that real GDP grew by 0.3% in the December quarter, higher than the 0.2% preliminary reading issued in February, Business Insider reported. Despite the upgrade, it fell short of the 0.4% figure that had been eyed by markets.…

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March 01, 2017 BY LeapRate Staff

Forex: Hawkish Fed rate hike talk sends USD higher

Donald Trump's first address to Congress last night was expected to inject more volatility into the markets. However he was beaten to the punch by New York Fed President William Dudley, who said in an interview shortly before the US President's speech that he sees a Fed rate hike in the 'relatively near future' - sending…

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US oil index is prime
February 23, 2017 BY Valentina Kirilova

Oil prices are up after report shows drop in U.S. stocks

Oil prices accelerated today after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production. Benchmark Brent crude oil LCOc1 was up 70 cents a barrel at $56.54 by 1025 GMT, recovering from a drop of 82 cents on Wednesday. U.S. light crude…

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forex industry news update
February 19, 2017 BY LeapRate Staff

Forex Industry Week Review: PositivaFX Retail FX launch, CySEC new binary options rules, FXCM US ban drama, and lots more…

We continued to bring LeapRate readers exclusive coverage and analysis of the continuing drama surrounding FXCM Inc (NASDAQ:FXCM) in this week's Forex Industry News, as the company continues to deal with the aftershocks of its ban from the US forex market. Data on FXCM's US operations, another regulatory fine, changes at the FXCM UK board, competitors…

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