fx

Tuesday July 17: Five things the markets are talking about Corporate earnings and monetary policy is expected to be the main driver of market sentiment this week- it’s currently giving a ‘temporary’ break to trade relation tensions amongst G7 economies. Global equities have drifted lower overnight on mixed earnings, while…

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The DAX index has ticked lower in the Tuesday session. Currently, the DAX is at 12,566, up 0.05% on the day. On the release front, there are no major German or eurozone events. In economic news, the eurozone trade surplus slipped to EUR 16.9 billion, short of the estimate of…

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EUR/USD has posted gains in the Tuesday session. Currently, the pair is trading at 1.1733, up 0.18% on the day. In economic news, there are no events in the eurozone. The U.S releases manufacturing and housing indicators. Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee. On Wednesday, the…

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The British pound has posted losses in the Thursday session. In North American trade, GBP/USD is trading at 1.3328, down 0.36% on the day. On the release front, retail sales sparkled on both sides of the pond. British retail sales jumped 1.3%, crushing the estimate of 0.5%. In the U.S,…

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OANDA Senior Market Analyst Craig Erlam talks to Core Finance about the recent bearish break in GBPJPY and whether it signals more pain ahead. He also previews the UK jobs data and Bank of England inflation report hearing and what they could mean for interest rates this year. USD/JPY –…

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Gold has started the week with losses. In North American trade, the spot price for an ounce of gold is $1341.32, down 0.62% on the day. On the release front, Personal Spending slowed to 0.4%, shy of the estimate of 0.6%. On Tuesday, the key indicator is CB Consumer Confidence…

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OANDA Head of Trading for the Asia Pacific, Stephen Innes, anticipated the ringgit to maintain a gradual pace of appreciations next week, given the stronger comprehensive global growth outlook. “We should expect a test of 3.85 for the ringgit-US dollar if the weaker US dollar narrative re-emerges early next week….

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Disappointing US GDP and contradictory comments on currency strength at Davos burden dollar The USD depreciated against majors as soft Q4 GDP numbers on Friday and mixed comments on the desired strength and weakness of the currency made at the World Economic Forum in Davos put downward pressure on the…

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The Canadian dollar has posted gains in the Friday session. Currently, the pair is trading at 1.2310, down 0.53% on the day. On the release front, there are two key indicators, either of which could impact on USD/CAD. Canada releases CPI,which is expected to decline 0.3%. The US will publish…

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he S&P/ASX 200 index declined 11 points, or 0.2 per cent, to 6043 while the All Ordinaries lost 10 points, or 0.2 per cent, to 6158. The Australian dollar was at US80.72¢ after US officials’ comments sent the greenback tumbling overnight. US Treasury Secretary Steven Mnuchin endorsed the US dollar’s…

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