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Day: November 5, 2018
November 52018
Canadian Dollar Sideways Amid Lower Crude Prices, BOC Comments
The Canadian dollar was unable to keep the momentum from last weekâs strong jobs report, and the loonie could not get a boost on Monday on bullish comments from the head of the Bank of Canada (BOC). Investors might find direction in the results of Tuesdayâs US midterm elections, as well as some American and Canadian economic data this week. Speaking to a business audience in London on Monday, BOC Governor Stephen Poloz defended the central bankâs optimistic […]
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November 52018
Forex Brokers Update â November 5th, 2018
No new companies have been listed on EarnForex.com this week. Meanwhile, the changes to existing listing included: LiteForex removed its Cent account type and significantly reduced the typical spreads in the ECN account. Profiforex now accepts deposits via Ethereum and Litecoin; no longer accepts money via W1 and RBK Money. Account balance can now be kept in Australian dollar, Bitcoin, Canadian dollar, Swiss franc, Great […]
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November 52018
EUR/USD Bounces Ahead of Midterm Elections
EUR/USD fell intraday but bounced later, currently trading above the opening level. Market experts explained the bounce by the sell-off of the dollar ahead of the US midterm elections on Tuesday. Markit services PMI climbed to 54.8 in October from 53.5 in September according to the final estimate. The actual reading was in line with analysts’ forecasts and the preliminary estimate of 54.7. (Event A on the chart.) ISM services PMI fell 60.3% in October from 61.6% in September. […]
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