Unemployment Rate Reaches its Record High in United Kingdom - November 16, 2011 23:51

Recession surrounds all over the globe and now United Kingdom reaches its record level since 1996 in terms of its unemployment rate. UK’s unemployment rate has increased to 8.3 percent for the quarter ending in September as compared to 8.1 percent for the three months ending in August. As per the latest report of U.K’s [...]

Forex Weekly Outlook - September 6, 2011 23:32

Major economic events that could have significant impact on forex trading and currency markets for the week ending September 9th, 2011 are as follows:- Yesterday on Monday, markets in United States remained closed in observance of Labor Day while euro zone reported its official data on retail sales along with data on investor confidence. Today [...]

Interest Rate by Hike European Central Bank could Result in Sluggish Growth - April 11, 2011 20:46

The 17 nation shared currency the euro has posted gains in recent trading sessions despite the euro zone’s sovereign debt worries. The main reason behind the appreciation of the euro is the recent interest rate hike by European Central Bank. The central bank has recently increased its key refinancing interest rate from 1 percent to [...]

Automakers at Japan to Start Manufacturing on Monday - April 8, 2011 22:38

Tsunami on March 11th, 2011 was worst earth quake ever faced by Japan in its history. The aftermath of the disaster severely affected the country’s economy and halted production at every industry. Japan’s automobile industry also announced the ceasing of production. Giants such as Toyota and Honda also decided to stop their production for few [...]

Euro Zone’s Services PMI declines for the Month of February - March 3, 2011 20:06

According to the latest market research report released on Thursday by Markit the business activity in services sector declined for the month of February. The euro zone’s services business activity index dropped to 56.8 for the month of February as compared to last month figure of 57.2. Analysts on wide were also expecting that the [...]

Mortgage rates rise toward 5 per cent - December 9, 2010 16:02

National average mortgage rates are on the rise in the United States as jobless claims are improving and the economy appears to be improving. The national average 30-year fixed rate Thursday (December 9) morning is 4.91 per cent according to Bankrate.com, compared with an average mortgage rate of 4.66 per cent on Thursday last week.

Euro plunges on Ireland debt worries - November 26, 2010 10:44

The US dollar is up sharply in early Wednesday (November 24th) morning currency trade following a strong unemployment report. The latest weekly report from the Labor Department for the week ending November 20th showed a seasonally adjusted total of 407,000 unemployment claims.