The Case for Using Nominal GDP as a Benchmark
Until the currency crashes of the 1990s, emerging and developing countries tended to target their ex...
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UK Retail Sales Slows Down in May
Sunny weather and the fanfare surrounding the World Cup failed to persuade shoppers to open their wa...
Norway’s Sovereign Fund To Increase Diversification to Boost Returns
Norway’s $890 billion sovereign wealth fund, the world’s biggest, will invest in more eq...
AUD/USD: Aussie Flirts With 94 as US GDP Plummets
The Australian dollar has posted modest gains on Wednesday, as the pair trades slightly below the 0...
BoE Carney Draws Criticism From Recent Speeches
Thousands of miners at South Africa’s biggest platinum mining firms have returned to work, a d...
South African Miners Reach Wage Deal
Thousands of miners at South Africa’s biggest platinum mining firms have returned to work, a d...
US GDP Shrank 2.9% in Q1 Due to Bad Weather
The US economy suffered its worst performance for five years in the first quarter of 2014, latest fi...
USD/JPY: Under Pressure as US GDP Plunges
The Japanese yen has posted modest gains on Wednesday, as US GDP recorded a sharp decline in the fir...
Gold Prices Steady as Markets Eye US GDP
Gold is showing little movement on Wednesday, with the spot price at $1318.38 per ounce late in the ...
Mighty Dollar Hampered By Current Low Rate Appeal
The forex market relies on interest rate differentials to raise market volume and volatility, twin p...
EUR/USD: Flat as German Consumer Confidence Sparkles
EUR/USD continues to have a very quiet week, as the pair trades just above the 1.36 line in Wednes...
GBP/USD at 1.6960 after Less Hawkish BOE
The British pound nursed losses on Wednesday after comments from the Bank of England governor cooled...
Yellen May Rewrite Rules
Federal Reserve Chair Janet Yellen wants to see U.S. wages climb at a much brisker clip to boost con...
PM Abe May Have Missed with Third Arrow
Japan Prime Minister Shinzo Abe’s revamped economic growth strategy unveiled on Tuesday fell s...
Pound Falls as Carney Waters Down Rates Move
The pound fell versus 13 of its 16 major peers after Bank of England Governor Mark Carney said wages...
U.S. Dollar Rises on Homes Data
The dollar ended the longest streak of losses since April after sales of U.S. homes rose by the most...
USD/JPY at 101.90 Maintaining Tight Range
The dollar was set for the tightest quarterly trading range in almost two years versus the yen as st...
GBP/USD Drops to 1.6975 on Less Hawkish BOE
Sterling nursed losses early on Wednesday after comments from the Bank of England governor cooled ex...
West TX Oil Remains Above $107 On Oil Export Report
U.S. crude futures stood not far off $107 a barrel after jumping more than $1 in early Asian trade o...
Gold Drops to $1313
Gold held steady near its highest level in two months on Wednesday, supported by a drop in equities ...