Currency

EUR/USD has steadied on Monday, after posting considerable gains in the Friday session. Currently, the pair is trading at 1.1499, down 0.13% on the day. The sole event is the German Bundesbank monthly report. On Tuesday, Germany releases PPI and eurozone consumer confidence. The euro ended the week with considerable…

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  Premier Xi jumps in with more verbal support It was a heady start to the trading week for Chinese equities, with the China50 index powering ahead to the biggest one-day gain since 2016. Today’s move brings the two-day advance from Friday, triggered by a three-pronged verbal commitment by Chinese…

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The US dollar is mixed on Friday. Investor’s appetite for risk rose and safe haven currencies (JPY and CHF) fell while positive China and Brexit news saw the NZD, EUR, GBP and AUD advance against the USD. The Canadian dollar was dragged down in the last trading day of the…

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The Canadian dollar has posted gains in the Friday session, erasing most of the losses sustained on Thursday. Currently, USD/CAD is trading at 1.3030, down 0.42% on the day. On the release front, Canadian consumer indicators are in the spotlight and traders should be prepared for volatility from the Canadian…

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The DAX index continues to lose ground on Friday, after sharp losses in the past two sessions. Currently, the index is at 11,552, down 0.32% on the day. The index has given up the strong gains which it recorded early in the week. The sole event on the schedule is the…

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EUR/USD has steadied on Friday, after posting considerable losses in two straight sessions. Currently, the pair is trading at 1.1447, down 0.04% on the day. It’s a quiet end to the week, with no key releases on the schedule. The eurozone current account surplus widened from EUR 21.3 billion to…

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  China to the rescue Asian equity markets fared much better than their US counterparts did yesterday, mostly helped by comments out of China. Before the markets opened, we heard coordinated voices from the heads of China’s securities regulator (CSRC), the banking and insurance regulator and the central bank. The…

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The US dollar is higher against most major pairs on Thursday. The greenback is only down against the Japanese Yen which rose 0.42 percent. Geopolitics and a strong dollar combined to keep stock markets under pressure. The investigation on the disappearance of journalist Jamal Khashoggi, US-China concerns, Brexit, Italian budget…

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The Canadian dollar has ticked lower in the Thursday session, after recording considerable losses on Wednesday. Currently, USD/CAD is trading at 1.3044, up 0.15% on the day. On the release front, Philly Fed Manufacturing Index is expected to dip to 19.4 points, while unemployment claims are forecast to drop to…

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