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Day: April 17, 2018
April 172018
Aussie Falls As RBA Hints at No Interest Rate Hike in Near Future
The Australian dollar was somewhat soft on Tuesday after the release of policy minutes by the Reserve Bank of Australia. Macroeconomic data from China, Australia’s biggest trading partner, did not help the currency, being rather mixed. The RBA released minutes of its April meeting today. The central bank confirmed that it expects to perform a hike, not a cut, as its next move: In current circumstances, members agreed that it was […]
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April 172018
Canadian Dollar Rallies with Crude Oil, Not Bothered by Mixed Data
The Canadian dollar gained on most of its major peers on Tuesday. While Canada’s economic data was mixed, the silver lining for the currency was the rally of crude oil prices. Foreign investment in Canadian securities fell from C$5.6 billion in January to C$4.0 billion in February instead of rising to C$7.2 billion as analysts had predicted. Meanwhile, manufacturing sales increased by 1.9% in February, beating the average forecast of a 1.0% increase, after falling 1.3% […]
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April 172018
EUR/USD Falls as ZEW Economic Sentiment Disappoints
EUR/USD slipped today as the ZEW Economic Sentiment Indicator for Germany came out far worse than was expected. The index for the whole eurozone was not good either. (Event A on the chart.) Meanwhile, US data released on Tuesday was pretty solid. Both housing starts and building permits rose in March. Housing starts were at the seasonally adjusted annual rate of 1.32 million, compared to the February reading of 1.30 million and the predicted value […]
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April 172018
Euro Slips as ZEW Economic Sentiment Declines Sharply
The euro fell against most its major rivals (though not against the weak Great Britain pound) on Tuesday as the ZEW Economic Sentiment for Germany was rather disappointing. The ZEW Indicator of Economic Sentiment for Germany dropped sharply from 5.1 in March to -8.2 in April. While analysts had anticipated a decline into negative territory, they were still expecting a far better reading in neighborhood of -0.8. The report explained the deteriorating sentiment […]
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April 172018
GBP/USD Declines on Mixed UK Jobs Report and Upbeat US Housing Data
The GBP/USD currency pair today traded lower after the release of mixed UK labour market report in the early European session. The currency pair cemented its losses during the early American session after the release of upbeat US housing data amid a resurgence in US dollar demand. The GBP/USD currency pair today lost over 70 points to decline from a high of 1.4377 to trade at a low of 1.4304 at the time of writing. The currency pair […]
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April 172018
EUR/USD Rises on Monday as Markets Dismiss News from Syria
EUR/USD rallied on Monday as markets largely dismissed the news about US performing missile strikes on Syria over the weekend. It looked like the conflict is not going to escalate, therefore traders were willing to buy riskier currencies, ignoring the dollar in the meantime. As for US data, it was mixed. Retail sales increased beyond expectations, but other reports were not so hot. Retail sales rose 0.6% in March, […]
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April 172018
Asian Markets Mixed After China GDP, UK Data In GBP Sights
Talking Points: Asian stocks put in a narrow, mixed session Chinese growth data met expectations, and retail sales exceeded them Industrial production however underwhelmed Find out what makes the best traders stand out from the rest with the DailyFX guide to the Traits of Successful Traders Asian markets put in a mixed showing Tuesday, with […]
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April 172018
GBPUSD Slips Despite Record Employment Figures
Talking Points GBPUSD slipped after Claimant Count rose above economist forecasts Employment Rate rises to record level while wages outstrip inflation Today’s UK Employment report has slightly taken the shine out of GBPUSD, which saw a modest dip to the mid-1.4300, while the FTSE 100 saw a slight reprieve to move above 7200. The Claimant […]
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April 172018
EURGBP Nudges Higher; Ignores Weak EZ Sentiment Data
EURGBP News and Talking Points – EURGBP pulls back marginally after hitting an eleven-month low. – UK and EZ inflation data will be closely eyed on Wednesday. The DailyFX Q2 Trading Forecasts for all major currencies,commodities and indices, are now availableto download to help you make more informed trading decisions. EURGBP Bounces Off Low But […]
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April 172018
US AM Digest: GBP Falls as Wages Miss Expectations; Momentum Remains Bullish
Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here Improving sentiment as tensions ease with focus beginning to shift towards the latest corporate financial updates, see US equity futures pointing to another positive open (NASDAQ 100 +1%, DJIA +0.9%, S&P 500 +0.6%). Banking heavyweight Goldman […]
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