Category: Market News

UK inflation pound sterling
March 23, 2017 BY Valentina Kirilova

British pound jumps to a one-month high

The sterling hit one-month high against the dollar on Thursday, after UK retail sales data came in much higher than expected. British retail sales volumes in February rose by 1.4% from January, beating the 0.4% increase forecast by a Reuters poll of economists and following three consecutive monthly declines. For the three months to February, this…

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Crude oil prices could bounce as Coronavirus panic settles
March 23, 2017 BY Valentina Kirilova

Oil prices recover from November lows

Oil prices bounced off from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production, as Reuters reported earlier today. Brent crude futures, the international benchmark for oil, were at $50.99 per barrel at 0621 GMT, up 0.7% from…

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forex industry news update
March 19, 2017 BY LeapRate Staff

Forex Industry Week Review: CySEC toughens on bonuses, EZTrader raises $3.5M, Stan Wawrinka ad debut, and lots more…

Some of our most popular, shared and commented-on posts this week in Forex Industry News at LeapRate included: CySEC gets tougher on bonus schemes, banning referral payments, trading competitions, and cash rebates. Cyprus financial regulator CySEC has issued an information circular, providing what it calls “additional guidance” to CIF licensed brokers on the types of bonus…

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March 15, 2017 BY Valentina Kirilova

Fed likely to raise rates as U.S. economy flexes muscle

The Federal Reserve is expected to raise interest rates for the second time in three months on Wednesday, encouraged by strong monthly job gains and confidence that inflation is finally rising to its target, Reuters reported earlier today. A rate hike at the conclusion of the Fed's latest two-day policy meeting is already baked into…

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forex industry news update
March 12, 2017 BY LeapRate Staff

Forex Industry Week Review: Binary options P2P exchange shut, InstaForex Russia license, Ireland CFD ban, and lots more…

Platforms shut down, offices opened and closed, executive hirings, regulator bans, joint ventures, new licenses, results good and bad... this week's Forex Industry News had it all. And once again, you read about the key stories exclusively or first at LeapRate. With that in mind, we wanted to take this opportunity to thank you, our readers.…

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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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Japan
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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