Forex News – Sterling weakens after soft UK construction data

Sterling moved lower against the dollar after disappointing data on Markit/CIPS Construction Purchasing Managers’ Index (PMI), causing cable to drop to $1.4998 from $1.5051 beforehand. Output in the construction sector fell at the fastest pace in more than three years in February despite a rare pick-up in house building. PMI declined further below the 50-point […]

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Forex News – Sterling weakens after soft UK construction data

Sterling moved lower against the dollar after disappointing data on Markit/CIPS Construction Purchasing Managers’ Index (PMI), causing cable to drop to $1.4998 from $1.5051 beforehand. Output in the construction sector fell at the fastest pace in more than three years in February despite a rare pick-up in house building. PMI declined further below the 50-point […]

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Asian Session – Aussie drops to 8-mth low after domestic and China data

The Australian dollar fell to a seven month low against the dollar in Monday’s Asian session after a report showed building approvals unexpectedly declined, adding to speculation the Reserve Bank of Australia will cut interest rates this year. Also weighing on the aussie was a disappointing data from China which showed the Purchasing Managers’ Index […]

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Asian Session – Aussie drops to 8-mth low after domestic and China data

The Australian dollar fell to a seven month low against the dollar in Monday’s Asian session after a report showed building approvals unexpectedly declined, adding to speculation the Reserve Bank of Australia will cut interest rates this year. Also weighing on the aussie was a disappointing data from China which showed the Purchasing Managers’ Index […]

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Asian Session – Aussie drops to 8-mth low after domestic and China data

The Australian dollar fell to a seven month low against the dollar in Monday’s Asian session after a report showed building approvals unexpectedly declined, adding to speculation the Reserve Bank of Australia will cut interest rates this year. Also weighing on the aussie was a disappointing data from China which showed the Purchasing Managers’ Index […]

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Asian Session – Aussie drops to 8-mth low after domestic and China data

The Australian dollar fell to a seven month low against the dollar in Monday’s Asian session after a report showed building approvals unexpectedly declined, adding to speculation the Reserve Bank of Australia will cut interest rates this year. Also weighing on the aussie was a disappointing data from China which showed the Purchasing Managers’ Index […]

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Forex News – US federal budget cuts take effect after lawmakers fail to reach deal

The United States economic recovery is at risk of slowing down after the March 1st deadline for automatic federal spending cuts to talk into effect. President Obama and Congress failed to reach an agreement before the Friday midnight deadline for these so-called sequester cuts which will result in $85 billion worth of government spending cuts […]

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Forex News – US federal budget cuts take effect after lawmakers fail to reach deal

The United States economic recovery is at risk of slowing down after the March 1st deadline for automatic federal spending cuts to talk into effect. President Obama and Congress failed to reach an agreement before the Friday midnight deadline for these so-called sequester cuts which will result in $85 billion worth of government spending cuts […]

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Forex News – US federal budget cuts take effect after lawmakers fail to reach deal

The United States economic recovery is at risk of slowing down after the March 1st deadline for automatic federal spending cuts to talk into effect. President Obama and Congress failed to reach an agreement before the Friday midnight deadline for these so-called sequester cuts which will result in $85 billion worth of government spending cuts […]

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Forex News – US federal budget cuts take effect after lawmakers fail to reach deal

The United States economic recovery is at risk of slowing down after the March 1st deadline for automatic federal spending cuts to talk into effect. President Obama and Congress failed to reach an agreement before the Friday midnight deadline for these so-called sequester cuts which will result in $85 billion worth of government spending cuts […]

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US Session – Euro steadies at $1.30

The euro hovered just slightly above the key $1.30 level in the US session after having fallen below it earlier in the day for the first time in two months after a wave of downbeat economic data from the euro zone. Particularly manufacturing PMI disappointed as well as jobs data which showed unemployment climbed to […]

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US Session – Euro steadies at $1.30

The euro hovered just slightly above the key $1.30 level in the US session after having fallen below it earlier in the day for the first time in two months after a wave of downbeat economic data from the euro zone. Particularly manufacturing PMI disappointed as well as jobs data which showed unemployment climbed to […]

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US Session – Euro steadies at $1.30

The euro hovered just slightly above the key $1.30 level in the US session after having fallen below it earlier in the day for the first time in two months after a wave of downbeat economic data from the euro zone. Particularly manufacturing PMI disappointed as well as jobs data which showed unemployment climbed to […]

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US Session – Euro steadies at $1.30

The euro hovered just slightly above the key $1.30 level in the US session after having fallen below it earlier in the day for the first time in two months after a wave of downbeat economic data from the euro zone. Particularly manufacturing PMI disappointed as well as jobs data which showed unemployment climbed to […]

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Successful XEMarkets £8500 LSE Forex Demo Competition

On the 27th February 2013, the official award ceremony of the LSE FX Demo Competition took place, which had been launched as a joint project by online foreign exchange broker XEMarkets and the London School of Economics and Political Science. Representatives of the university’s Careers Department, together with LSE alumni XEMarkets company CEO Constantinos Cleanthous, […]

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Successful XEMarkets £8500 LSE Forex Demo Competition

On the 27th February 2013, the official award ceremony of the LSE FX Demo Competition took place, which had been launched as a joint project by online foreign exchange broker XEMarkets and the London School of Economics and Political Science. Representatives of the university’s Careers Department, together with LSE alumni XEMarkets company CEO Constantinos Cleanthous, […]

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Successful XEMarkets £8500 LSE Forex Demo Competition

On the 27th February 2013, the official award ceremony of the LSE FX Demo Competition took place, which had been launched as a joint project by online foreign exchange broker XEMarkets and the London School of Economics and Political Science. Representatives of the university’s Careers Department, together with LSE alumni XEMarkets company CEO Constantinos Cleanthous, […]

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Successful XEMarkets £8500 LSE Forex Demo Competition

On the 27th February 2013, the official award ceremony of the LSE FX Demo Competition took place, which had been launched as a joint project by online foreign exchange broker XEMarkets and the London School of Economics and Political Science. Representatives of the university’s Careers Department, together with LSE alumni XEMarkets company CEO Constantinos Cleanthous, […]

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European Session – Risk aversion weighs on euro and sterling

The biggest mover of the European Session on Friday was the British pound which tumbled after disappointing UK manufacturing data. The Manufacturing Purchasing Managers’ Index (PMI) showed a drop to 47.9 from a downwardly revised 50.5 in January, which surprised markets as forecast was for a rise to 51.00. The 50 point level demarcates expansion […]

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European Session – Risk aversion weighs on euro and sterling

The biggest mover of the European Session on Friday was the British pound which tumbled after disappointing UK manufacturing data. The Manufacturing Purchasing Managers’ Index (PMI) showed a drop to 47.9 from a downwardly revised 50.5 in January, which surprised markets as forecast was for a rise to 51.00. The 50 point level demarcates expansion […]

Stock Trkr
European Session – Risk aversion weighs on euro and sterling

The biggest mover of the European Session on Friday was the British pound which tumbled after disappointing UK manufacturing data. The Manufacturing Purchasing Managers’ Index (PMI) showed a drop to 47.9 from a downwardly revised 50.5 in January, which surprised markets as forecast was for a rise to 51.00. The 50 point level demarcates expansion […]

Stock Trkr
European Session – Risk aversion weighs on euro and sterling

The biggest mover of the European Session on Friday was the British pound which tumbled after disappointing UK manufacturing data. The Manufacturing Purchasing Managers’ Index (PMI) showed a drop to 47.9 from a downwardly revised 50.5 in January, which surprised markets as forecast was for a rise to 51.00. The 50 point level demarcates expansion […]

Stock Trkr
Forex News – Sterling tumbles on weak manufacturing data

Sterling tumbled to a fresh 2-1/2 year low against the dollar on Friday after investors sold off the currency in reaction to disappointing news that the UK manufacturing sector contracted in February despite forecast for an increase. Data from Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI) showed a drop to 47.9 from a downwardly revised 50.5 […]

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Forex News – Sterling tumbles on weak manufacturing data

Sterling tumbled to a fresh 2-1/2 year low against the dollar on Friday after investors sold off the currency in reaction to disappointing news that the UK manufacturing sector contracted in February despite forecast for an increase. Data from Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI) showed a drop to 47.9 from a downwardly revised 50.5 […]

Stock Trkr
Forex News – Sterling tumbles on weak manufacturing data

Sterling tumbled to a fresh 2-1/2 year low against the dollar on Friday after investors sold off the currency in reaction to disappointing news that the UK manufacturing sector contracted in February despite forecast for an increase. Data from Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI) showed a drop to 47.9 from a downwardly revised 50.5 […]

Stock Trkr
Forex News – Sterling tumbles on weak manufacturing data

Sterling tumbled to a fresh 2-1/2 year low against the dollar on Friday after investors sold off the currency in reaction to disappointing news that the UK manufacturing sector contracted in February despite forecast for an increase. Data from Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI) showed a drop to 47.9 from a downwardly revised 50.5 […]

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Forex News – China factory growth stalls

Growth in China appears to have steadied in February, as a manufacturing survey gave a lower reading than expected, but not enough to stir markets. The official purchasing managers’ index (PMI) recorded a dip to 50.1, slightly below a 50.2 forecast and down from the 50.4 reading in January. This figure is still above the […]

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Forex News – China factory growth stalls

Growth in China appears to have steadied in February, as a manufacturing survey gave a lower reading than expected, but not enough to stir markets. The official purchasing managers’ index (PMI) recorded a dip to 50.1, slightly below a 50.2 forecast and down from the 50.4 reading in January. This figure is still above the […]

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Forex News – China factory growth stalls

Growth in China appears to have steadied in February, as a manufacturing survey gave a lower reading than expected, but not enough to stir markets. The official purchasing managers’ index (PMI) recorded a dip to 50.1, slightly below a 50.2 forecast and down from the 50.4 reading in January. This figure is still above the […]

Stock Trkr
Forex News – China factory growth stalls

Growth in China appears to have steadied in February, as a manufacturing survey gave a lower reading than expected, but not enough to stir markets. The official purchasing managers’ index (PMI) recorded a dip to 50.1, slightly below a 50.2 forecast and down from the 50.4 reading in January. This figure is still above the […]

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