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FX Markets: US Final GDP Revision in Focus Today

FX Markets: US Final GDP Revision in Focus Today

In Asian session we had the report in Japan Foreign Investment in Japanese Stocks which dipped from previous ¥-95.4B to ¥-313.4B in June 21. The Japan Large Retailers' Sales data came in at -0.5%, better than forecasts of -1.2% for May. In New Zealand the ANZ Activity Outlook came in [...]
Oil Drives USDCAD to 5-Month Low

Oil Drives USDCAD to 5-Month Low

USDCAD gives up 0.39 percent to 1.3115 as Loonie gets a boost from the rally above $59 per barrel in crude oil. The Energy Information Administration in its weekly report announced earlier today that the crude oil inventories in the U.S. decreased by 12.8 million barrels from the previous week. [...]
Crude Oil Rises on EIA Report

Crude Oil Rises on EIA Report

Crude oil continues the trip north adding more than 1.24 percent to $59.52 after the Energy Information Administration in its weekly report announced that the crude oil inventories in the U.S. decreased by 12.8 million barrels from the previous week. Yesterday the American Petroleum Institute reported a reduction of 7.55 [...]
EURGBP: Bulls Target 0.90

EURGBP: Bulls Target 0.90

EURGBP is heading north for fifth day in a row amid pound weakness the last trading days. As we approach the October 31st deadline the uncertainty around Brexit increase enhancing the bearish bias for Sterling. BoE Governor Mark Carney in a speech today noted that UK has had the worst [...]
Turkish Lira Gets a Breather Below 5.77

Turkish Lira Gets a Breather Below 5.77

USDTRY is under selling pressure today giving up 0.51 percent at 5.7608. Macro data from USA yesterday disappointed USD investors as the New Home Sales Change (Month on Month) came in -7.8% lower at 0.626M below economist’s forecasts of 1.9% and 0.68M for May. The United States Richmond Fed Manufacturing [...]
USDJPY Trades Higher

USDJPY Trades Higher Despite Worst than Expected U.S. Macro

USDJPY is adding 0.24 percent at 107.42 after Fed's chairman Jerome Powell reiterated FOMC view that the case for lower rates has gain momentum but noted that the interest rate policy should not overreact. This settled some concerns that the Fed will go with three interest rates cut before the [...]