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A report released by the Labor Department on Thursday showed a slight uptick in first-time claims for U.S. unemployment benefits in the week ended May 20th. The report said initial jobless claims inched up to 234,000, an increase of 1,000 from the previous week's revised level of 233,000. Economists had expected jobless claims to climb to 238,000 f
Market Drivers May 25, 2017 UK GDP misses Oil turns volatile sends comm dollars Nikkei 0.36% Dax 0.12% Oil $51/bbl Gold $1257/oz. Europe and Asia: GBP UK GDP 0.2% vs. 0.3% North America: USD Weekly Jobless Claims 8:30 A topsy-turvy night of trade in the FX market today as the greenback first saw selling across the board in the wake of yesterday's l...
OPEC members are convening in Vienna to discuss an extension to the deal that saw a cut in production. They seem to be converging about extending the cuts by 9 months, as reports had already suggested earlier. The cuts will probably at the same scale of the previous agreement. Prices have gone up ahead of the deal, peaking just under $52 as ministe...
The UK economy grew by only 0.2% q/q in the first quarter of 2017. This is according to the latest estimate, the second out of three. Year over year growth dropped from 2.1% to 2%. GBP/USD does not seem to react too much. Update: after initially ignoring the news, pound/dollar is down to 1.2958. The second estimate of UK GDP was expected to confirm...
ESMA: Consultation Paper (ESMA34-49-82) – Draft technical advice, implementing technical standards and guidelines under the MMF Regulation Original link
A report released by the Labor Department on Thursday showed a slight uptick in first-time claims for U.S. unemployment benefits in the week ended May 20th. The report said initial jobless claims inched up to 234,000, an increase of 1,000 from the previous week's revised level of 233,000. Economists had expected jobless claims to climb to 238,000 f
NEX Markets, a NEX Group (LON:NXG) business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, announced today that following the publication of the FX Code of Conduct (the Code), it plans to adopt the Code's principles across its FX trading platforms. NEX Markets played an active role in th...
UK's economic growth eased more than previously estimated in the first quarter due to the downward revisions to services and production. Gross domestic product grew 0.2 percent sequentially in the first quarter instead of 0.3 percent estimated on April 28, the second estimates from the Office for National Statistics showed Thursday. A similar slowe
Oil prices traded on the front foot in Asia on expectations the major oil producers will extend the output cut deal. The question is whether the major producers will extend the deal by 6-months, 9-months or 12-months. The OPEC monitoring committee has proposed nine-month cut extension. As discussed in a report yesterday , a 9-month extension may ha...
The Bank of Korea is likely to hold its key rate throughout this year and in 2018, Krystal Tan, an economist at Capital Economics, said Wednesday. The bank kept its key rate at 1.25 percent earlier on Wednesday, extending the stance seen since a quarter-point cut in June last year. The decision was in line with economists' expectations. "The BoK go

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