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This is quite a quiet week on the data front from New Zealand. However, there is one major event that could move the currency. Exports are an important part of the economy. So, the trade balance has extra weight on the exchange rate. Additionally, following the drop in bond yields, New Zealand isn’t as attractive
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Nervous FX traders are sitting on the sidelines as they await the outcome of two crucial Parliamentary votes on the Brexit withdrawal. With the October 31st deadline looming large, it is especially critical for Boris Johnson who has said that he did not want to request a postponement of the leave date, despite the fact
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The Bank of Finland Governor Olli Rehn cautioned against premature cash rate hikes, highlighting past mistakes. “The core inflation rate remains low and clearly below the ECB’s price stability target,” wrote Rehn on his recently published book “Normalizing monetary policy awaits its turn, even though it would be important to increase the room for maneuver
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Risk sentiment in the market was somewhat quiet amid a lack of data. Minor reports on the US-China trade deal did not bring much cheer. Equities were up only slightly, while safe-haven assets were on the back foot. The Brexit saga continues after the UK parliament rejected the Brexit deal over the weekend. However, the
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Statistics Canada will be releasing the monthly retail sales report. This will be one of the last few economic reports that will feed into the Q3 GDP. Canada will be officially releasing the final third-quarter GDP estimate in a week’s time. Currently, Q3 GDP estimates are around 1.8%. A slightly higher retail sales report could
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EUR/USD TECHNICAL ANALYSIS: BEARISH Euro on the upswing vs US Dollar, eyeing resistance above 1.12 Overall trend still bearish but prices threatening 17-month hurdle Confirmation, improved risk/reward needed for actionable setup Get help building confidence in your EUR/USD strategy with our free trading guide! The Euro extended higher after clearing resistance guiding it lower against
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US Dollar Chart Analysis, USD/KRW, South Korean Won –TALKING POINTS USD/KRW has broken 8-month rising support; what next? Weekly chart shows pair is challenging critical 2018 floor Longer-term outlook suggests bearish reversal is evolving Learn how to use political-risk analysis in your trading strategy! Last week, USD/KRW broke through eight-month rising support and is now
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Investor risk appetite, even as the US dollar weakened, helped the USD/JPY pair to correct higher and reach the 108.93 resistance during last week’s trading, the 2-1/2 month high. Contributing to stopping gains were the recent negative US economic data, which reinforced expectations of a possible US rate cut when the US Federal Reserve meets
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Risk appetite rose early on Monday on headline news surrounding Brexit and the US-China trade war. The focus for the rest of this day’s trading session will be on two main points. The first is on Johnson’s “meaningful” vote request.  And the second is whether a US-Sino trade deal is indeed possible next month, as Trump has
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It’s time for the sixth installment of our hit webinar series: Trading Like A Banker! This series dives deep into the intricate world of institutional trading, uncovering the secrets we can learn from bankers and apply to our own trading journey. In this episode, our Head of Investment Research reveals how banks trade trending markets
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The third-quarter earnings season has started. And, with it, the dynamics of the market have changed! This is a regular occurrence that affects all cash markets, though evidently the most it affects is the stock market. But, just like forex often moves opposite to the stock market, forex and even commodities can be affected by
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The Pound Sterling had regained some of its earlier losses on news that the Democratic Union Party of Northern Ireland would not back any Brexit amendments which included a customs union. According to insiders, that has improved the likelihood that the Prime Minister’s deal could get approval from the British Parliament later this week, provided
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