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AUD/USD continues trending higher in channel after Chinese data


The Australian dollar continues looking good. After Australian employment data seemed good enough, figures from Australia’s No. 1 trade partner look even better. China reported a growth rate of 6.7% in Q2 2016 slightly better than 6.6% expected and identical to Q1. Industrial output surprised to the upside with 6.2% instead of 5.9% expected and 6% last [...]

The post AUD/USD continues trending higher in channel after Chinese data appeared first on Forex Crunch.

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Canada loses 0.7K jobs – USD/CAD up (also on NFP)

Canadian Dollars

A mixed jobs report from Canada: the nation lost 0.7K jobs instead of gaining ones. However, the unemployment rate dropped to 6.8%. The participation rate slides to 65.5%, and that explains the drop in the unemployment rate. All in all, a slightly disappointing publication from Ottawa.  USD/CAD is at 1.3030, up, but that’s mostly because of the great [...]

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Is it time to trade Gold?


Here is a fun fact: spot Gold has made a larger range in February 2016 than it did during any other month since August 2013, which is two and a half years ago. It seems as if volatility has returned to this market, and volatility means traders have a good ...

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ISM Manufacturing PMI beats with 49.5 – USD advances

EUR/USD exchange rate concept (detailed close-up shot)

Finally some partially positive news from the US manufacturing sector: a score of 49.5 points in the ISM Manufacturing PMI. This is still in negative territory (under 50) but better than expected and with a better employment component.  The US dollar is rising but certainly doesn’t get too far. The ...

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Oil gains 12% but ends the week down

Oil prices rise

Oil futures surged 12% on Friday, posting the biggest one-day gain since 2009, after the United Arab Emirates energy ministry said on Thursday that OPEC might be willing to cooperate on possible output cuts. WTI for March delivery rallied 12.3% to settle at $29.44 a barrel on the New York ...

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Gold up for the day, down for the week

3d rendering of gold bullions.

Gold advanced on Friday, reversing previous day’s decline, as another wave of risk aversion lifted the metal’s appeal as safe-haven. Stocks fell sharply across the globe and oil hit fresh 12-year lows following a short-lived bounce the previous day. Against this backdrop, the yellow metal gained 1.5% and to finish ...

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EUR/USD consolidates gains but remains limited by 1.10


Risk aversion continues to support the euro. EUR/USD rose again to test daily highs but after reaching 1.0982 pulled back again toward the 1.0950. Stocks in Wall Street extended losses. The Dow Jones is falling 3% and the Nasdaq 3.55%. During the last hours the pair has been hovering between ...

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