Official figures to show whether growth shrank for a second quarter. Read More Britain to discover if it is in a doubledip recession
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Australian dollar is mostly softer as the week draws to a close. Aussie has been weakened this week by risk aversion and concerns about what’s happening in the eurozone. Also, recently, the news out of China has been somewhat disappointing, and that has been weighing on the Aussie as well, since the Chinese economy is a major support to the Australian economy. (…)Read the rest of Aussie Mostly Soft as Week Draws to [...]
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Britain is seen by the IMF to be doing better than most, says Jeremy Warner. Read More Chancellor George Osborne looks a better bet from Washington
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For years, other countries have been asking China to let the yuan, also called then renminbi, to float more freely on the currency market. It appears that China is doing that now, with an announcement that the yuan will be allowed to float more freely against the US dollar. (…)Read the rest of China Gives Yuan a Little More Room to Float (120 words) Posted [...]
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Davos, the Swiss ski resort that every year plays host to the world’s rich and powerful, is rarely the scene of much levity. Read More IMF chief Christine Lagarde will struggle to bag more funds for a firewall
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Canadian dollar is gaining against the US dollar right now, receiving a boost on general optimism today. Loonie is getting help as investors find optimism after Alcoa earnings, and on the fact that oil prices are heading higher. (…)Read the rest of Canadian Dollar Gets a Boost from Optimism (148 words) Posted on Forex News. Read More Canadian Dollar Gets a Boost [...]
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Since the MACD indicator is comprised primarily of two moving averages, many traders classify it as a “lagging” indicator…one that signals an entry well after the move has begun. If you are of that belief, read on and learn how to use the histogram bars to “speed up” the MACD signal and get you into [...]
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The unique opportunity for currency traders to react to the March NFPs report without the broader capital markets complicating the reaction didn’t do the dollar any favors Friday. Read More Dollar Feels a Slight QE Pang After NFPs, Bigger Waves Ahead
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Employment was up 120,000 in March, with gains in many sectors, as illustrated in the top graph. Weakness in retail trade and temporary helped to lead to the smaller-than-expected gain. Over the past three months, the average gain in jobs has been 212,000, with private sector jobs averaging 210,000. Read More Employment Continued Gains, but [...]
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The robust returns of US equity markets in the first quarter were kind to many openbook traders. The past week’s slide presented opportunities for some openbook traders to pick up bargains. Trader Boela14, who had a tough time trading currencies, 24 Vote(s) Read More Markets Consolidated After a Spectacular Quarter
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