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Absence of News Could be Bad News

Absence of News Could be Bad News

Absence of news could be bad news. GBP/USD is currently trading at about 1.2140, GBP/EUR is trading at about 1.1460 as the market opens up this Tuesday session that is lower than where it was on Monday open. Comments from Theresa May around Brexit and the lack of planning that the United Kingdom government has ahead of the invocation of …

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Markets Already Playing Out 2017 Trends

Markets Already Playing Out 2017 Trends

Markets are already playing out 2017 trends. GBP/USD is currently trading at about 1.2260, GBP/EUR is trading at about 1.1770, so GBP/USD and GBP/EUR are starting 2017 in a rather quiet mood, but moving through 2017, certainly moving through Tuesday’s market, which is basically a microcosm of what we expect from the next 12- months. The focus is on Trump, …

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2016 comes to an end, CNH tests record lows

2016 comes to an end, CNH tests record lows

2016 comes to an end, CNH tests record lows. The markets have reopened, and to be honest they were opened on New Year’s Day and on Monday through the most part of the Asia session. To be frank, most of the volatility that we are seeing in the early part of Tuesday’s session is coming from the Asian session (actually …

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Market in Search of a Solid End Going into 2017

Market in Search of a Solid End Going into 2017

Markets are in search of a solid end going into 2017. Following the positive consumer and housing data, U.S. stocks were seen to surge slightly higher on Tuesday, as stocks in Asia were keen to tag along on Wednesday. The MSCI’s broadest index of Asia-Pacific shares excluding Japan edged 0.4% higher while shares in Australia appreciated just about 1%. Japan’s …

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Global Foreign Exchange Market News Update

Global Foreign Exchange Market News Update

In global foreign exchange market news, considering that markets will remain closed on Monday due to a legal celebration of Sunday’s Christmas holiday, we saw the Asian markets open to a thin trading volume as a result of the holiday. The greenback shed 0.2% versus the Japanese Yen, trading at 117.300. The Euro stayed steady at $1.0457, while the Aussie …

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Loonie rebounds despite crude oil dip

Loonie rebounds despite crude oil dip

The Canadian dollar was able to rake in some gains against its counterparts even after crude oil took a hit on reports that Libya is planning to ramp up production by 270K barrels per day. Canada’s manufacturing sales report indicated a 1.1% jump versus the projected 0.3% gain, shoring up confidence in an economic recovery. USD/CAD fell from 1.3426 back …

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Attacks Heightens Geopolitical Tension

Attacks Heightens Geo-political Tension

GBP/USD is currently trading at about 1.2380, GBP/EUR is trading at about 1.1960, so GBP/USD is a little bit lower than where it was this time on Monday and the GBP/EUR is roughly in a similar position. To be honest the data calendar is very quiet at the moment, but it is geopolitical issues which could easily give market a …

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Global Foreign Exchange Market News Update

Global Foreign Exchange Market News Update

In global foreign exchange market news, GBP/USD is currently trading a little bit lower than where it was this time on Tuesday, currently trading at about 1.2660, GBP/EUR is trading at about 1.1905, so Sterling is also lower against the European single currency over the course of the past 24- hours. A higher than expected inflation number from the United …

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Global Foreign Exchange Market News Update

Global Foreign Exchange Market News Update

In global foreign exchange market news, GBP/USD is currently trading at about 1.2600 the figure, GBP/EUR is trading above the 1.1900 level i.e. the 1.1930 as the market opens up this Monday session. Moving through today we’ve seen a little bit of U.S. dollar weakness overnight following the decision by Saudi Arabia or the pledge by Saudi Arabia to cut …

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ECB statement spurs wild moves for the euro

ECB statement spurs wild moves for the euro

The shared currency rallied and reversed right around the time of the ECB statement, as policymakers decided to extend the end-date of their quantitative program as expected but surprised by “tapering” monthly bond purchases for that period. The QE program will go on until December 2017 at a pace of 60 billion EUR instead of the current 80 billion EUR. …

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