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After two days of solid bull runs, global equity markets consolidated on Thursday. This retrenchment was not too surprising as traders pare down risk ahead of long weekends in both US and the...
The G7 heads of state summit has begun. The host, Japan's Prime Minister Abe began with doom and gloom. Accounts suggest he warned of the risk of a crisis on the scale of Lehman if appropriate...
The G-7 global finance meeting failed to yield fresh ideas for spurring global growth.The Finance ministers of the Group of Seven major economies ended a weekend meeting without agreement on a plan to...
Autos Send Economic WarningOver the last year, or so, as economic data has materially weakened along with corporate earnings and profitability, one of the primary arguments against an “economic...
US stocks rose on Wednesday led by advances in energy and materials shares. The dollar weakened as euro and pound edged higher after positive economic reports in euro-zone and UK poll results...
Bank of Canada maintains courseIt came as little surprise when the Bank of Canada announced yesterday that it would keep its key rate at the current 0.5%. However, the BoC’s tone was slightly...
Forex News and EventsSell CAD (by Peter Rosenstreich) Yesterday’s Bank of Canada meeting was interpreted as slightly less dovish than expected, providing CAD with a solid boost. The BoC held...
Thursday May 26: Five things the markets are talking aboutTo the neutral observer, it’s not a surprise to see the mighty dollar encountering some profit taking of its recent gains ahead of Fed...
EUR/SEK Today’s support: - 9.2520 (main), where correction is possible. Break would give 9.2432, where correction also may be. Then follows 9.2343. Break of the latter would result in 9.2252. If...
The US dollar is trading with a softer bias today after the momentum stalled yesterday. The pullback is shallow but could be extended a bit more in the North American session. The US reports weekly...
Dollar continues to pare recent gains boosted by Fed hike expectations, except versus Euro, Aussie and Kiwi. New York Fed economists wrote in a blog post published yesterday noting that Fed's delayed...
Market BriefIn Australia, private capital expenditure (capex) contracted 5.2%q/q in the first quarter of 2016, missing consensus for a smaller decrease of -3.5% and also below the upwardly revised...
ASX goes toe-to-toe with 5400 againA slight pause in the US dollar rally overnight has fuelled commodity prices as equity markets continued their buoyancy. The EIA report showed US oil inventories...
US durable goods orders for April are released at 14:30 CET. Given that the fall in investments in equipment and structures weighed on Q1 GDP growth, today's figures should give us an idea of whether...
The release today of the figures pertaining to durable goods orders in the US is likely to influence the next short-term moves of the USD and the US Dollar Index. Still, Friday will be the day that...