Fx Primus Rebates

UK GDP Growth Improves In November, Yet Momentum Remains Subdued

UK economic growth improved for a second straight month in November, led by services and construction growth, and exceeded economists’ expectations, but the growth momentum slowed over the three-month period, the monthly estimate from the Office for National Statistics showed on Friday. Gross domestic product grew 0.2 percent from October, when the economy expanded 0.1…

Fx Primus Rebates

Gold Rises As Dollar Weakens On Dovish Fed

Gold prices rose on Friday and the dollar retreated after Federal Reserve Chairman Jerome Powell predicted no recession in 2019 and said the U.S. central bank will be patient in determining when to hike interest rates. Fed Vice Chairman Richard Clarida also said the Fed could afford to take a wait-and-see stance on interest rates…

Fx Primus Rebates

Oil Set For Second Weekly Gain On US-China Trade Hopes

Oil prices rose on Friday and remained on track for solid weekly gains, reflecting optimism that the United States and China can reach a reasonable trade deal before a March 2 deadline. OPEC-led crude output cuts also tightened supply. Global benchmark Brent crude rose 0.6 percent to $62.05 per barrel, while U.S. West Texas Intermediate…

Fx Primus Rebates

UK GDP Growth Improves In November, Yet Momentum Remains Subdued

UK economic growth improved for a second straight month in November, led by services and construction growth, and exceeded economists’ expectations, but the growth momentum slowed over the three-month period, the monthly estimate from the Office for National Statistics showed on Friday. Gross domestic product grew 0.2 percent from October, when the economy expanded 0.1…

Fx Primus Rebates

UK GDP Growth Improves In November, Yet Momentum Remains Subdued

UK economic growth improved for a second straight month in November, led by services and construction growth, and exceeded economists’ expectations, but the growth momentum slowed over the three-month period, the monthly estimate from the Office for National Statistics showed on Friday. Gross domestic product grew 0.2 percent from October, when the economy expanded 0.1…

Fx Primus Rebates

Dollar Little Changed Following U.S. CPI

After the release of U.S. consumer inflation for December at 8:30 am ET Friday, the greenback changed little against its major rivals. The greenback was trading at 1.1520 against the euro, 108.36 against the yen, 0.9824 against the franc and 1.2814 against the pound around 8:34 am ET. The material has been provided by InstaForex…

Fx Primus Rebates

China Trade Dara On Tap For Monday

China will on Monday release December figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. Imports are expected to rise 5.0 percent on year after adding 3.0 percent in November. Exports are called higher by 3.0 percent, slowing from 5.4 percent in the previous month. The trade surplus is…

Fx Primus Rebates

Dollar Steady Ahead Of U.S. CPI

The Labor Department will release U.S. consumer inflation for December at 8:30 am ET Friday. Ahead of the data, the greenback held steady against its major rivals. The greenback was worth 1.1529 against the euro, 108.29 against the yen, 0.9821 against the franc and 1.2815 against the pound as of 8:25 am ET. The material…

Fx Primus Rebates

Bay Street Likely To Open On Sluggish Note

Canadian shares look headed for a cautious and somewhat sluggish start on Friday, tracking mixed global cues and lower U.S. and Canadian futures. Disappointing retail sales data and concerns about the likely adverse impact the ongoing government shutdown in the U.S. will have on the economy may weigh on stocks. However, slightly higher crude oil…