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Day: November 3, 2016
November 32016
EUR/USD Halts Rally After Two Days of Gains
EUR/USD was rising for two sessions but halted its rally today. US economic data was either in line with expectations or worse, giving the dollar no significant advantage. Now, traders focus their attention on tomorrow’s nonfarm payrolls. Yesterday’s ADP employment data was surprisingly poor, leading to concerns that the official data from Bureau of Labor Statistics will be bad too. Initial jobless claims […]
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November 32016
Pound Surges After UK High Court Ruling
Great Britainâs pound advanced against the euro to touch its highest level in several weeks after a court in the UK ruled that the government needs parliamentary approval before starting the process of leaving the European Union. The ruling means that the Brexit referendum is not constitutionally sufficient for the British government to leave the European Union on its own. However, the government is appealing on the basis that the referendum was only done once the House […]
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November 32016
Pound Surges After UK High Court Ruling
Great Britainâs pound advanced against the euro to touch its highest level in several weeks after a court in the UK ruled that the government needs parliamentary approval before starting the process of leaving the European Union. The ruling means that the Brexit referendum is not constitutionally sufficient for the British government to leave the European Union on its own. However, the government is appealing on the basis that the referendum was only done once the House […]
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