Forex News

UK services PMI rockets to 60.2 beating expectations of 57.4 As reported in our 'Between The Lines' section this morning the UK services PMI was a high impact news event that had the potential to affect market sentiment. The number was of particular relevance for 'cable' traders who witnessed a break out to the upside

The Eurozone manufacturing sector returns to growth as the UK's manufacturing rises sharply In our Between The Lines section we'd mentioned the importance of the publication of the PMIs relating to: the UK, individual European countries, the Eurozone, Asia and the USA. These data prints, published courtesy of Markit Economics, are published monthly and can

All eyes on the FOMC statement later today Many investors and traders will be keeping a 'weather-eye' on the FOMC meeting statement to be delivered by Ben Bernanke, he's due to begin his narrative at 2:00 PM USA time. Typically analysts and commentators will be looking for nuances and code in the language to determine

Is the pain in Spain falling? The GDP figure for Spain's economy has been published this morning and it reveals a very slowly healing economy according to the latest GDP number. However, the majority of analysts are still adopting a glass half empty position where Spain is concerned, given that the country has now been

UK GDP rises to 0.6% with service industries making the greatest contribution The rise in UK GDP to 0.6% was in line with the majority of economists' predictions when polled on the subject. However, the most dynamic number in the data came in the 'swing' – UK GDP is currently 1.4% higher versus this time

As Asian Markets Hit A Six Week High France Declares Its Recession Over… Bullish talk regarding the Chinese economy from the Chinese premier Li Keqiang and similar overtones from the Japanese government after Sunday's election result, caused a share rally in the Asian-Pacific markets in the overnight/early morning trading session. Li Kegiang allayed fears that

Are The Eurozone's issues returning by stealth? Despite investors experiencing parabolically rising equities market indices over recent months, many of the issues that brought the Eurozone to its economic knees during recent years have not disappeared or been dealt with, they've simply been air brushed from the narrative landscape. Therefore any discussion has been neatly

Greek Government Approves Latest Austerity Measures As Protestors Dwindle As Greece's parliament approved their new batch of austerity measures, in order to receive their next tranche of funding from the troika, a new phenomena appears to have gripped Greece; public apathy… Only three thousand Greek's protested outside the Greek parliament building in Athens on Wednesday