Live Economic News

Wall Street closes flat as investors get ready for long weekend
Major equity indexes remained virtually unchanged on Friday ahead of the Memorial Day weekend but were able to record gains on a weekly basis after tw...

GBP/USD holds above 1.28, on the brink of biggest weekly drop since January
The GBP/USD pair fell its lowest level since April 25 at 1.2775 during the NA session and started to retrace its losses as investors started to cash i...

Increasingly self-sustaining expansion in the eurozone - Wells Fargo
Economists at Wells Fargo assessed the latest macro data from the euro area, with the key quotes found below: "Sentiment indicators in the Eurozone a...

Quieter week reiterates generally solid fundamentals - Wells Fargo
Analysts at Wells Fargo explain that new information released this week pertaining to the housing market showed that sales of new and existing sales s...

EUR/USD consolidates below 1.12, headed for weekly losses
After falling to a new three-day low at 1.1160 during the NA session opening, the EUR/USD pair has been consolidating its daily losses in a very tight...

Gold leaps to fresh monthly highs amid weakening risk appetite
Despite the thinning trading volume in the NA session, gold was able to continue gathering strength against the USD, pushing the XAU/USD pair to its h...

USD/JPY: Recovery loses momentum, holds comfortably above 111
Following the positive inflation figures from Japan, the JPY gathered strength against the USD during the first half of the day and pushed the USD/JPY...

UK PM May: G7 clear that Russia and Iran must push for Syria ceasefire
UK Prime Minister Theresa May was on the wires, via Reuters, noting that G7 clear that Russia and Iran must push for Syria ceasefire......

USD/CAD struggles to move away from daily lows on oil recovery
After easing to a daily low at 1.3433, the USD/CAD tried to rebound during the NA session as the greenback gathered strength on positive macro data bu...

Consumer sentiment holds near its recent high - Wells Fargo
Analysts at Wells Fargo noted that the University of Michigan’s Consumer Sentiment index rose 0.1 point to 97.1 in May and remains roughly even with i...

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