Markets stormed off into a calm start this week regarding economic data, as global attention was focused on Italy’s general election, which resulted in an unfavorable deadlock. However, Wednesday’s economic agenda will deliver the first revision of the U.K. Gross Domestic Product’s reading for the fourth quarter, alongside Euro zone’s Read More Eyes On UK [...]
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Focus in Asia this week will still be on Japan with the G20 finance ministers likely to discuss the yen alongside key GDP data and BoJ rate decision to be announced this week. The GDP data for the fourth quarter is awaited, the economy is expected to have expanded 0.1% Read More Focus On Japan [...]
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Martin Weale, a member of the Bank of England’s monetary policy committee, said the disadvantages of adopting nominal GDP as a target would outweigh the advantages. Read More BoEs Martin Weale rejects adopting nominal GDP as a target
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Despite EURUSD’s final move through the end of this past week to clear 1.3400 and close at the highest level in 11 months, the dollar was rather strong. Read More Forex Dollar Closes Week at Six Month High, FOMC and GDP Ahead
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The pair is expected to find support at 1.5734, and a fall through could take it to the next support level of 1.5696. The pair is expected to find its first resistance at 1.5831, and a rise through could take it to the next resistance level of 1.5890. Read More GBP USD Pound Trading Lower [...]
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Beware of paying too much attention to one period’s figures. That is usually good advice. Read More GDP for Q4 Be prepared to get that sinking feeling on Friday
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FXstreet.com (Barcelona) – China Q4 GDP print, together with monthly reads for December on… For more information, read our latest forex news. Read More Forex Flash China Q4 GDP print eyed NAB
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FXstreet.com (San Francisco) – AUD/USD fell to lows below 1.0500 in overnight trade on a… For more information, read our latest forex news. Read More Forex AUD USD exchanging circa 10550 ahead of Chinas GDP report
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The third estimate of third-quarter 2012 annualized GDP growth was revised to 3.1% from the 2.7% that was reported in the second estimate. Expectations had been for an upward revision although to a more modest 2.8%. In the second quarter of 2012, GDP expanded by 1.3%. The upward revision resulted Read More US ThirdQuarter 2012 [...]
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The Brazilian real managed to rebound after it fell earlier today as economic growth turned out to be slower last quarter than analysts had predicted, fueling speculations that policy makers may allow the currency to depreciate.(…)Read the rest of Brazilian Real Rebounds After Losses on Weak GDP Growth (53 words) Posted on Forex News. Read More Brazilian Real Rebounds After Losses [...]
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