GBP/USD Rally Stalls Along with UK Economic Hrowth
The GBP/USD was down for a second day this morning, giving back some of its recent gains made on the back of hopes over an imminent breakthrough in Brexit talks between the UK and EU over the issue of Northern...
USD/CAD – Bullish Fed Sends Canadian Dollar To 8-Week Low
The Canadian dollar has posted losses in the Friday session, following the trend seen on Thursday. Currently, USD/CAD is trading at 1.3195, up 0.31% on the day. The pair is trading at its highest level since early September. There are...
Stocks Fall Amid China Worries, Dollar Holds Gains
European stocks slid, following a retreat in Asia, amid growing concerns about a slowdown in China and policy makers’ steps to address it. The dollar advanced as the Federal Reserve stayed on track for a December rate hike. Mining and...
Italy’s Costly Budget Ordeal: Fiscal Imprudence Non Grata
Highlights Italy’s ruling coalition government has proposed spending plans intended to boost near-term growth, but at the cost of adding more debt down the road. As a result, the European Commission rejected the budget on October 23rd, asking for a...
Fed Stays on the December Rate Hike Path
As expected, the FOMC remained on hold at its policy meeting today, though constructive language on the economy keeps expectations high for another rate hike in December. U.S. Economic Activity Remains “Strong” As widely expected, the Federal Open Market Committee...
Canada: Housing Starts Post Better-than-Expected Gain in October
Canadian housing starts increased to 205.9k (annualized) units in October, 8.5% higher than the 189.7k level achieved in September. October’s pace bested forecasts calling for an increase to 198k. However, on a longer-term six month moving average basis, starts edged...
Dollar Remains Bullish ahead FOMC Rate Decision
Here are the latest developments in global markets: FOREX: Expectations that the Fed will continue to signal further monetary tightening when it keeps rates steady at the conclusion of the FOMC meeting later today probably helped the dollar index to move higher by 0.22%...
Democrats Take the US House – Market Implications
US midterm elections were broadly in line with expectations: the Democrats captured the House but Republicans retained control of the Senate. While markets were volatile as the votes were counted, the lack of a major surprise limits the net market...
Daily Markets Broadcast
Wall Street advances after midterm elections concluded US indices rose Wednesday after the Democrats gained control of the House and the Republicans increased their majority in the Senate. US treasuries rose while the US dollar retreated. Today we see China’s...
Dollar’s Rivals Gain as US Congress Split Flags Political Noise; RBNZ Rate Decision Awaited
Here are the latest developments in global markets: FOREX: As was widely anticipated, Democrats took control of the House and Republicans retained the majority in the Senate in the mid-term US elections. The dollar index opened with a gap down on...
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