Forex Marketz Daily Forex News – Fully Markets Update

Confident Fed Sets Stage for December Rate Hike WASHINGTON — The Federal Reserve left its benchmark interest rate unchanged and said Wednesday that it would begin to withdraw some of the trillions of dollars that it invested in the American economy after the 2008 financial crisis. The widely expected …

Britons’ spending splurge resumes as retail sales grow at fastest rate since April UK retail sales rose more than expected in August, posting their biggest monthly increase since April as official figures released on Wednesday (20 September) showed. According to the Office for National Statistics (ONS), retail sales rose …

Employer confidence in UK economy slumps to lowest level since Brexit vote Employers’ confidence in the UK economy fell to its lowest level in September since last year’s Brexit vote, a fresh survey has suggested. The Recruitment and Employment Confederation’s (REC) JobsOutlook survey revealed that a third of employers …

The New Zealand or Kiwi dollar, NZD/USD Forex market was up a tad after the island nation reported better than expected current account data. This data revealed a smaller deficit than economists expected for the third quarter (Q3). All numbers are in Kiwi dollar (NZD) denomination. The shortfall registered at minus $0.618 billion. This …

The USD/JPY Forex market did not budge much this morning, with the yen depreciating just a tad, despite the release of strong Japanese trade numbers for August. The trade balance came in at ¥113.6 billion ($1.01 billion). This was well above the ¥104.4 billion expected by economists and financial analysts. …

Senate Republicans Embrace Plan for .5 Trillion Tax Cut WASHINGTON — Senate Republicans, abandoning a key fiscal doctrine, agreed on Tuesday to move forward on a budget that would add to the federal deficit in order to pave the way for a $1.5 trillion tax cut over the next …

Economic Scene: Unemployment Is So 2009: Labor Shortage Gives Workers an Edge Eduardo Porter ECONOMIC SCENE Is a new golden age for the American worker around the corner? For the past couple of years, workers’ median earnings have been rising on a sustained path not seen in years. This …

Decline in migration post-Brexit could lead to higher wages, claims Mark Carney Inflation and wages in Britain could both be pushed higher in the event of a sharp decline in the number of migrant workers coming to the UK after Brexit, Bank of England governor Mark Carney said on …

UK could lose 10,000 finance jobs due to Brexit, survey suggests Around 10,000 finance jobs will be shifted away from the UK in the coming years if the country leaves the single market, a survey has suggested. Nearly half of the 123 firms polled by Thomson Reuters, among which …

Britons turn to supermarkets’ own-label groceries to save money amid rising prices British shoppers are increasingly turning to own-brand groceries to cut down on their expenses amid rising inflation, a new report has suggested. Figures released by Nielsen revealed that consumer spending on supermarkets’ own-label products increased 5.5% compared …