The Australian dollar gained on most of its major peers today after a report showed that Australia’s economy was growing faster than expected last quarter. The Australian Bureau of Statistics reported that gross domestic product grew 1.0% in the March quarter of 2018 from the previous three months, slightly above the analysts’ consensus estimate of 0.9%. Furthermore, the previous quarter’s increase got a small positive revision from 0.4% to 0.5%. […]
Read moreASIAN STOCKS TALKING POINTS: Asian stocks were mostly a little higher Wednesday A strong Nasdaq showing helped Australian growth figures were impressive New to foreign exchange trading? Try the DailyFX Beginners’ Guide Asian stock markets traded mixed on Wednesday with a new record high for the Nasdaq in the previous session lifting confidence, although trade […]
Read moreAUSTRALIAN GDP TALKING POINTS: Australian GDP grew by 1% in the first quarter, ahead of market forecasts The economy seems to be performing pretty well across the board Still, interest rate rises remain quite far off, according to market pricing Join our analysts for live coverage of all major Australian economic data releases at the […]
Read moreEther and Bitcoin Spread Trade – Ether has outperformed Bitcoin in the last week. – Ascending triangle formation hints at further upside for the pair. If you are new to trading cryptocurrencies, or are just looking to refresh your trading knowledge, please see the DailyFX ‘Guide to Day Trading Bitcoin and other Cryptocurrencies’. ETH vs […]
Read moreCurrent Developments – Euro Rises and Impedes US Dollar Rally The US Dollar was unable to capitalize in the aftermath of a better-than-expected ISM service sector survey. This reading offers an insight into the key segment of the US economy, consumption, and can carry longer-term implications for growth. More positive outcomes can lead to higher […]
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