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Tag Archives: grows-as-the

Hard data, soft dollar – Live Market Open

The US dollar suffered some kind of a setback following the mixed durable goods orders. It is losing some of its might. As the week draws to a close, it faces another test, this time with less distractions. As always on Friday, we’ll ...

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US Pending home sales rise 5.1% – EUR/USD slides in range

Sales of pending homes advanced 5.1% in April, better than a modest rise of 0.6% expected. While this may not be the most important indicator, not in absolute terms nor for the housing sector, this allows EUR/USD to slide back down in range. Earlier, durable goods orders beat expectations...

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UK GDP 0.4% q/q but only 2.0% y/y

A small miss on year over year GDP: 2% instead of 2.1% initially reported and expected. Quarter over quarter, things are bang on expectations at 0.4%. Business investment missed with a fall of 0.5% against 3.2% expected. Also the BBA’s mortgage approvals did not meet expectations by sliding to 40.1K against 44.8K predicted. ...

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BOC not too dovish – USD/CAD falls

As expected, the Bank of Canada leaves rates unchanged at 0.50%. The statement is not extremely dovish. They see current monetary policy as appropriate and do not provide hints of further rate cuts. Regarding the inflation mandate, the BOC sees risks as roughly balanced.  USD...

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BOC could weigh on CAD – 2 Reasons – BofA Merrill

The Canadian economy is not enjoying the weak Canadian dollar and with reduced oil production, the higher prices of the black gold are not really helpful. But these are not the only reasons for a cautious. There are two more according to the team at Bank of ...

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Spread Betting and the Brexit Vote: What Traders Need to Know

In the run-up to the June 23 Brexit referendum, newspaper polls, telephone polls, and Internet polls are playing second fiddle to spread betting sites which offer greater accuracy. Economists follow the money to determine likely outcome of Brexit vote The historic Brexit vote on June 23, 2016 could...

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EURUSD , GBPUSD , USDJPY and XAUUSD TA – May 20 2016

EURUSD Daily Analysis   EURUSD (1.120): EURUSD’s declines were again limited yesterday, but price action fell to the lower end of the support range at 1.120. The small range formed yesterday near the support could result in a possible near term pullback off this support level with EURUSD moving back...

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EURUSD , GBPUSD , USDJPY and XAUUSD TA – May 19 2016

EURUSD Daily Analysis   EURUSD (1.122): EURUSD slipped below the 1.130 support with a bearish candlestick following the previous two days of flat price action. A test of 1.120 cannot be ruled out, but the declines are likely to be limited in the near term. The 4-hour chart’s bearish flat ...

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