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Author Archives: Insta Forex

U.S. Durable Goods Orders Unexpectedly Drop 0.5% In October

Reflecting another steep drop in orders for transportation equipment, the Commerce Department released a report on Wednesday showing an unexpected decrease in new orders for U.S. manufactured durable goods in the month of October. The report said durable goods orders ...

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Dollar Appreciates Ahead Of U.S. GDP Data

U.S. durable goods orders for October, GDP data for the third quarter and weekly jobless claims for the week ended November 20 are due out at 8.30 am ET Wednesday. Ahead of these data, the greenback firmed against its major ...

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French Business Confidence Improves Unexpectedly

France’s business confidence improved in November, defying expectations for a weakening, preliminary data from the statistical office INSEE showed Wednesday. The composite business confidence indicator rose to 109 from 107 logged in each of the previous two months. Economists had ...

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Euro Falls As German Ifo Business Sentiment Worsens

The euro depreciated against its major counterparts in the European session on Wednesday, as German business sentiment weakened in November, driven by ongoing supply chain disruptions and the fourth wave of the pandemic. Survey results from the ifo Institute showed ...

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UK Factory Orders Rise Most On Record: CBI

UK manufacturers reported the strongest growth in orders since records began in 1977 and they expect production to accelerate over the next three months, the Industrial Trends Survey data from the Confederation of British Industry showed on Thursday. The order ...

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Gold Steadies Ahead Of Fed Minutes

Gold prices were flat to slightly higher on Wednesday as bond yields dipped in the run-up to minutes from the Federal Reserve’s November policy meeting and key U.S. economic data due later in the day. Spot gold was marginally higher ...

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