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’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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It was another very busy week of Forex Industry News, with LeapRate once again bringing you exclusively the big stories of the week - Pepperstone UK suspending all trading, and ETX Capital making another acquisition. There were also a number of senior personnel moves this week involving ADS Securities, INFINOX, and JFD Brokers. Our most…
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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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It was a week about change in Forex Industry News. And as usual, you read about it first or exclusively at LeapRate. The drama at FXCM Inc (NASDAQ:FXCM) cost CEO Drew Niv his job. Longtime Oanda UK CEO Daniel Skowronski left. Investing.com shut its auto trading service for Forex brokers, SignalTrader.com. In more positive news, LeapRate…
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Commodity-related sectors led European shares lower for a third straight session on Friday while the dollar was poised for a weekly losses as the "Trumpflation trade" lost momentum, Reuters reported. World stocks have hit record highs, emerging markets have come back in favor and the dollar has climbed to a 14-year peak in recent weeks…
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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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The Euro is suffering as Marine Le Pen basks in promising poll results, but will the polls be accurately reflected in the ballot box?
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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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