Currency

The British pound has posted slight losses in the Thursday session. In North American trade, GBP/USD is trading at 1.3381, up 0.24% on the day. On the release front, British Retail Sales posted a strong gain of 1.6%, crushing the estimate of 0.8%. Over in the US, unemployment claims jumped to 234…

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The Canadian dollar continues to head lower and has posted considerable losses in the Thursday session. Currently, USD/CAD is trading at 1.2905, up 0.55% on the day. On the release front, Canadian Corporate Profits rebounded in the first quarter with a strong gain of 2.7%. In the US, unemployment claims…

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The DAX index is steady in the Thursday session, after sharp losses on Wednesday. Currently, the DAX is at 12,951, down 0.21% on the day. On the release front, Germany Final GDP dropped to 0.3%, matching the estimate. GfK Consumer Climate ticked lower to 10.7, just shy of the forecast of…

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Gold continues to hug the $1290 line in Wednesday session, where it has hovered for much of the week. Earlier in the day, gold moved close to $1300 but has since retracted. In North American trade, the spot price for one ounce of gold is $1291.20, down 0.01% on the day. New…

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The Canadian dollar has posted considerable losses in the Wednesday session. Currently, USD/CAD is trading at 1.2906, up 0.68% on the day. On the release front, there are no Canadian releases on the schedule. In the US, the key event is the Federal Reserve minutes from the May policy meeting. On…

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The DAX index has dropped sharply in the Wednesday session. Currently, the DAX is at 12,971, down 1.50% on the day. On the release front, German and eurozone PMIs missed expectations in the manufacturing and services sectors. In the US, the key event is the release of the Federal Reserve minutes from the May…

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Another Turkish Lira flash crash   A busy start to the session dealing with yet another mini TRY flash crash as the bad Lira news continues to compound. Otherwise, global Forex and fixed income markets remain in neutral  overnight and predictably focused on the upcoming FOMC minutes The Turkish Lira meltdown….

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The US dollar is mixed ahead of the release of the minutes from May’s Federal Open Market Committee (FOMC) meeting. The central bank held rates unchanged but there is almost 100 probability of a 25 basis points rate hike at end of the June 13 meeting. Commodity currencies were higher…

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