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US Open Preview– Dollar weaker ahead of JOLT’s job openings; stocks hold strong

Posted on December 11, 2017 at 12:11 pm GMT

Here are the latest developments in global markets: FOREX: The pound was steady around $1.3385 despite May saying there is a new “sense of optimism” in the Brexit talks on Monday after she satisfied the European Commission’s demand last week on the three key divorce elements. However, the outline agreed must be voted by all European members at Thursday’s summit for negotiations to move officially to trade discussions. The dollar was weaker against a basket of major currencies as investors [..]

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US Open Preview– Dollar weaker ahead of JOLT’s job openings; stocks hold strong

Posted on December 11, 2017 at 12:09 pm GMT

Here are the latest developments in global markets: FOREX: The pound was steady around $1.3385 despite May saying there is a new “sense of optimism” in the Brexit talks on Monday after she satisfied the European Commission’s demand last week on the three key divorce elements. However, the outline agreed must be voted by all European members at Thursday’s summit for negotiations to move officially to trade discussions. The dollar was weaker against a basket of major currencies as investors [..]

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US Open Preview–Dollar strengthens ahead of NFP report; stocks up

Posted on December 8, 2017 at 12:46 pm GMT

Here are the latest developments in global markets: FOREX: The dollar gained further momentum, crawling towards a fresh three-week high of 113.58 (+0.36%) versus the yen during early European trading hours as investors remained confident after a potential government shutdown in the US was averted on Thursday. The dollar index broke above the 94 key level (+0.25%). The pound stalled around 1.3463 (-0.19%) after reaching a four-day high of 1.3512 against the greenback, while it consolidated near six-month highs versus the euro (+0.10%). Although the EU announced that “sufficient progress” has been made on Brexit [..]

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US Open Preview – Dollar gains on tax reforms momentum; stocks climb on tech recovery

Posted on December 7, 2017 at 12:29 pm GMT

Here are the latest developments in global markets: Forex: The dollar index moved higher to a fresh two-week high of 93.73 (+0.13%) as a layer of uncertainty was removed after the US Senate Republicans and the House of Representatives agreed yesterday to continue talks on tax reforms. However, risks remain on the side of the government budget which expires on Friday midnight. Dollar/yen was last seen at 112.70 (+0.37%), dollar/swissie was trading at a two-week high of 0.9922, while dollar/loonie [..]

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US Open Preview – Dollar gains as tax reforms wave on the horizon; stocks climb on tech recovery

Posted on December 7, 2017 at 12:13 pm GMT

Here are the latest developments in global markets: Forex: The dollar index moved higher to a fresh two-week high of 93.73 (+0.13%) as a layer of uncertainty was removed after the US Senate Republicans and the House of Representatives agreed yesterday to continue talks on tax reforms. However, risks remain on the side of the government budget which expires on Friday midnight. Dollar/yen was last seen at 112.70 (+0.37%), dollar/swissie was trading at a two-week high of 0.9922, while dollar/loonie [..]

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US Open Preview – Brexit bears lead pound; stocks continue declining; BOC rate decision pending

Posted on December 6, 2017 at 12:27 pm GMT

Here are the latest developments in global markets: Forex: Sterling stretched toward a fresh one-week low of 1.3360 (-0.61%) as fears over a potential impasse in Brexit talks, which could postpone negotiations until February and therefore scale back business investments, lingered in the background. The dollar steadied versus the yen near one-week lows as concerns over a government shutdown offset positive sentiment related to the delivery of tax reforms. The euro was trading flat against the greenback at 1.1824, while versus sterling it managed to [..]

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US Open Preview – Sterling struggles as Brexit fears loom; stocks down; dollar & loonie gather attention

Posted on December 5, 2017 at 12:11 pm GMT

Here are the latest developments in global markets: Forex: The Australian dollar continued to trade around three-week highs at $0.7645 (+0.63%) following upbeat data on retail sales and the RBA’s decision to keep rates steady at record low levels. In the Eurozone though, retail sales disappointed markets with the measure diving unexpectedly to a three-week low as food prices fell sharply. Euro/dollar retreated in the wake of the data but erased its losses afterwards, trading flat at $1.1872. Sterling dipped to a five-day [..]

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Forex Market Review (European Session) – Dollar moves higher as US consumer confidence touches 17-year high; Irish worries ease

Posted on November 28, 2017 at 3:49 pm GMT

The day’s main release pertained to US consumer confidence figures released late in the session. Those came in at a multi-year high, creating a positive backdrop for the greenback for the remainder of the day. Beyond this, new Fed chief Jerome Powell appearing before US senators, US tax reform deliberations and developments that could affect the outcome of Brexit negotiations were also gathering attention. Powell’s confirmation hearing before the Senate Banking Committee has begun at 1500 GMT, with senators having [..]

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Forex Market Review (European Session) – Dollar broadly weaker; sterling rises despite Brexit uncertainty; oil retreats

Posted on November 27, 2017 at 3:51 pm GMT

With US new home sales being the day’s major release during today’s session, upcoming developments, such as US tax reform deliberations and Brexit negotiations, were in forex market participants’ minds during today’s European session. Meanwhile, the yen was advancing on some softness in Asian and European equity markets. At 1523 GMT, the dollar index, which measures the greenback against the currencies of six major US trading partners, was 0.1% down at 92.74. The gauge finished lower in the three preceding [..]

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Forex Market Review (European Session) – Euro shines as SPD agrees to resume coalition talks; dollar sinks to two-month low

Posted on November 24, 2017 at 4:43 pm GMT

Euro bulls pushed the euro to a fresh two-month high during the European session after upbeat readings on German business climate improved sentiment on the Eurozone’s outlook and political risks in Germany eased. The dollar weakened even further amid a strengthening euro, while disappointing PMI readings added further losses to the currency. Business confidence in Germany reached new record highs in November, with the headline business climate index jumping by 0.9 points to 117.5 compared to the expected 116.6. Businesses also remained optimistic about their activities over the next [..]

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