China’s second-quarter GDP went down to a 27-year minimum, due to a slowing down demand caused by the trade feud with the United States. This data contrasts with the fact that June’s retail sales and factory output went up (together with investment), though some analysts warned that this growth is not sustainable and that the
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European open – Flat after Chinese data Aussie steady as China growth slows Daily Markets Broadcast 2019-07-15 OANDA Market Insights podcast (episode 73) USD/CAD Canadian Dollar Higher as Dollar Faced Fed Cut Pressure US Stocks Keep Rising on Fed Rate Hopes Oil Higher on Weather Related Supply Disruptions US Trade Advisor Says Investors Should Believe
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Japanese markets are off due to the Marine Day Holiday. Risk sentiment remains light after China’s data dump provided signs of improvement in the world’s second-largest economy. Trade headlines also refrain from being much negative while the absence of catalysts confines USD/JPY momentum. Given the off at the Japanese markets, coupled with China’s upbeat data
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AUD/USD holds near 10-day highs The AUD/USD FX pair held steady near 10-day highs after the Chinese economy showed signs of slowing in the second quarter. Q2 growth was 6.2% y/y, a slowdown from Q1’s 6.4% and the lowest growth recorded in 27 years as the impact of the US-China trade war increased. In comments
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The data dump from China today is due at 0200GMT: June 2017 activity data: Industrial Production y/y expected 5.2%, prior was 5.0% (trade wars, slower domestic demand expected to impact) Industrial production YTD y/y expected 5.2%, prior was 6.0% Fixed Assets (excluding rural) YTD y/y, expected 5.6%, prior was 5.6% Retail Sales y/y, expected 8.5%,
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AUD/JPY remains choppy between 50 and 21-D EMA. 23.6% Fibonacci retracement offers additional strength to 21-D EMA support. Multiple failures to grow past-76.40 please the bears targeting sub-74.00 area. Despite dragging strong beyond 23.6% Fibonacci retracement of April-June downpour and 21-day exponential moving average (21-D EMA), AUD/JPY continues to follow the latest trading range as
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Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Feb. 1, 2019. Deutsche Banks revenue contracted for an eighth straight quarter in the final months of last year, complicating Chief Executive Officer Christian Sewings plan to turn around the lender through
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The US Commerce Department had found uranium imports were a threat to US national security. It was thought Trump would slap a ban/tariffs on imports. But, late Friday (US time) Trump would not, in effect over ruling Commerce Dept recommendations. US imports of uranium from (amongst) Australia, Canada and Kazakhstan will continue unchecked. (until the next
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OANDA Market Insights podcast (episode 73) USD/CAD Canadian Dollar Higher as Dollar Faced Fed Cut Pressure US Stocks Keep Rising on Fed Rate Hopes Oil Higher on Weather Related Supply Disruptions US Trade Advisor Says Investors Should Believe Media on US-China The IEA Forecast an Oil Supply Glut in 2020 China June trade surplus with
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Henry Fernandez, chairman and chief executive officer of MSCI Inc. MSCI provides investment decision support tools to investment institutions worldwide.  © 2018 Bloomberg Finance LP With the market hitting new all-time highs, it’s difficult to be anything other than bullish. But stocks are not as cheap as they were at the start of the year
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