Trading Forex

US Tax Reform to Guide Markets Ahead of Holidays

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Fed hiked as expected with ECB and BoE keeping monetary policy untouched The USD will finish the week mixed against major pairs. The much awaited December rate hike came, but with no further guidance the US dollar remains vulnerable to the outcome of the Republican tax reform vote. A simple majority is needed to pass […]

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Germany’s SPD Agrees to Coalition Talks

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Germany’s Social Democrats have agreed to open exploratory talks on forming a government with Chancellor Angela Merkel, a party source said, raising hopes for an end to a rare period of political deadlock in Europe’s largest economy. Leader Martin Schulz met party bosses and recommended that they should go back on a pledge to go […]

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U.S Industrial Output Increases 0.2% in November

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U.S. industrial production rose less than expected in November as a drop in utilities output offset a post-hurricane rebound in the oil and gas industries and the third consecutive monthly advance for manufacturing, the Federal Reserve said on Friday. Overall industrial output rose 0.2 percent following an upwardly revised 1.2 percent gain in October. Economists […]

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EU launches next phase of Brexit

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The European Union agreed on Friday to move Brexit talks onto trade and a transition pact but some leaders cautioned that the final year of Britain’s divorce negotiations could be fraught with peril. On the second day of a Brussels summit, EU leaders agreed “sufficient progress” was made after a deal on citizens’ rights, the […]

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Bitcoin hits new record high as warnings grow louder

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Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risks of investing in the highly volatile and speculative instrument. The cryptocurrency’s staggering recent price rises — more than 1,700 percent since the start of the year — have […]

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Canada: Monthly Survey of Manufacturing, October 2017

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Manufacturing sales declined 0.4% to $53.5 billion in October, following two consecutive monthly increases. Sales fell in 8 of 21 industries, representing 56.0% of the manufacturing sector. Sales of motor vehicles and other transportation equipment accounted for most of the decline in October. Excluding these two industries, manufacturing sales increased 0.5%. In constant dollars, sales […]

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DAX Under Pressure as US Tax Reform Hits Snag

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It’s been a disappointing week for the DAX, as the index has declined 1.2 percent. The DAX continues to point down on Friday, as the index is at 13,038.00, down 0.23% on the day. On the release front, there is just one eurozone indicator. The eurozone trade surplus fell to EUR 19.0 billion, well off […]

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EUR/USD – Euro Slips as ECB Says Stimulus to Stay

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The euro has steadied in the Friday session, after losing ground on Thursday following the ECB rate announcement. Currently, EUR/USD is trading at 1.1796, up 0.15% on the day. After a busy week with rate announcements from the Federal and the ECB, Friday is a light day. The sole eurozone event, Trade Balance, looked weak […]

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Forex (Stocks, Stock Market, Options, Stock Market Investing, Foreign Exchange, Investing Basics, Forex Investing, Stock Investing, Options Trading, Investing, Business)

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Make Money Quickly through Forex Trading! “I wished I had read this book first because the other ones were so dense, and starting with this book would have given me a better context of investing. “Less is more” is the author’s writing style – clear and simple. “ – BlueBird, posted on amazon.com “If you […]

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The Great Central Bank Yawn

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The Great Central Bank Yawn   Neither the ECB or the BOE offered up much of anything at yesterday’s  Central Bank events. Not wanting to impede the nascent EU economic recovery via a stronger Euro, the ECB forward guidance remained dovish. The BoE decision was equally dull as the central bank voted unanimously to keep […]

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USD/CAD Canadian Dollar Higher After Poloz Hawkish Comments

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The Canadian dollar appreciated on Thursday after Bank of Canada (BoC) Governor Stephen Poloz spoke at the Canadian Club in Toronto. His speech was titled “The Three Things Keeping Me Awake at Night”. Poloz delivers a hawkish assessment of the economy confident that less stimulus will be needed going forward. The economy is in a […]

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Gold Yawns as Retail Sales Jump

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Gold has ticked lower in the Thursday session. In North American trade, the spot price for an ounce of gold is $1254.27, down 0.11% on the day. On the release front, consumer spending indicators looked sharp, as Core Retail Sales and Retail Sales improved in November, with readings of 1.0% and 0.8%, respectively. Both indicators beat […]

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GBP/USD – Pound Steady as BoE Stays on the Sidelines

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The British pound is showing little movement in the Thursday session. In North American trade, GBP/USD is trading at 1.3429, up 0.10% on the day. On the release front, Retail Sales jumped 1.1%, crushing the estimate of 0.4%. As expected, the Bank of England maintained the benchmark rate at 0.50%. In the US, consumer spending climbed, […]