Tuesday , October 24 2017

Recent Posts

EUR/USD bullish attempt stalled near 1.0880

949_Forex-Trading-Basic-Candlestick-Definitions

The single currency has attempted a bull run to the area of 1.0880, although the up move run out of vigour and prompted EUR\USD to return near 1.0860. EUR/USD choppy ahead of ADP The pair remains within a 30-pip range for the time being, meandering between 1.0850 and 1.0880 following ...

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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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Global stocks rally as global slowdown fears fade

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, March 1, 2016. REUTERS/Staff

World shares and bond yields rose on Wednesday as the recent recovery in oil prices and a batch of positive economic data from Australia to the United States calmed fears of a global economic slowdown. Asian stocks hit a two-month high, Japan’s and China’s main indices both rose more than ...

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Asia stocks rise as risk appetite returns

AsianMarkets

The happy mood continues with the Australian and Canadian dollars both enjoying positive GDP reports. EUR/USD remains under pressure and USD/JPY is marching forward. Will these trends extend? Join me for a live market open, hosted by FXStreet: walking though recent developments and their impact on currencies, going through charts of majors, minors and crosses, previewing [...]

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Australian Q4 GDP preview – ANZ

A man is reflected in a logo for the Australia and New Zealand Banking Group Ltd (ANZ) as he walks past a branch located in a Sydney suburb February 17, 2015. ANZ on Tuesday posted a 3.5 percent rise in first-quarter cash profit, warning that 2015 was shaping up to be a "slightly tougher, more volatile" environment. ANZ reported cash profit of A$1.79 billion ($1.39 billion) for the three months to Dec. 31, compared with A$1.73 billion a year ago, led by a strong domestic performance, while lower trading income and higher expenses hurt revenue growth.  REUTERS/David Gray     (AUSTRALIA - Tags: BUSINESS LOGO) - RTR4PV6V

The ANZ Economics Team is forecasting a 0.5% q/q increase in Australia’s Q4 GDP today vs 0.4% expected, which would suggest that growth remains modestly below trend. key Quotes “ANZ is forecasting a 0.5% q/q increase in Q4 GDP (mkt: 0.4% q/q) following the 0.9% q/q rise in Q3. Year ...

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