USD/JPY edges higher after US jobless claims data

USD/JPY edges higher after US jobless claims data

USD/JPY edged a few pips higher but overall remained little changed following the release of better-than-expected US jobless claims data.Initial claims for unemployment benefits in the US fell by 16,000 to a seasonally adjusted 269,000 in the week ended Feb 5, below the 281,000 expected and marking See Original Article

US: Yellen Testimony to Congress was neutral / dovish – ING

Rob Carnell, Chief International Economist at ING, notes that Yellen retains an open mind on the need for further tightening, though with a heavy skew of risks to the downside, and was defensive about the December rate hike. Key Quotes“The mercifully short prepared statement of Fed Chair Yellen toSee Original Article

EUR/USD hit fresh daily highs ahead of US data

A minor bid wave pushed the EUR/USD pair to a fresh daily high of 1.1368 ahead of the data in the US, which could show the jobless claims dropped slightly last week. Trades at highest since Oct 21st The spot rose to its highest since Oct 21st, 2015. Major part of the gains witnessed today were due tSee Original Article

Case for action if credit grows faster than GDP – BOE’s Cunliffe

Speaking at the British Property Federation Residential Conference, in London, BOE’s deputy governor for financial stability Sir Jon Cunliffe noted that the central bank will keep a watch on the credit growth and would take appropriate action if credit grows faster than GDP.Key Quotes:If credit beSee Original Article