Archive Category: Forex Trading News

Dollar Lower Ahead of Crucial Week for Brexit and Italian Budget

The US dollar is weaker across the board on Friday. The comments from U.S. Federal Reserve Vice-Chair Richard Clarida on interest rates nearing a neutral rate were dollar negative. Rising […]

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OANDA Market Insights podcast (episode 40)

OANDA Senior Market Analyst Craig Erlam reviews the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week’s big stories: Brexit crisis hits sterling and […]

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USD/CAD – Canadian dollar unchanged, investors eye manufacturing production

The Canadian dollar is almost unchanged in the Friday session. Currently, USD/CAD is trading at 1.3175, down 0.01% on the day. On the release front, Canada releases Manufacturing Sales, which is […]

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Brexit worries dominate market moves

Friday November 16: Five things the markets are talking about Earlier this week U.K PM Theresa May agreed a draft Brexit withdrawal agreement with Brussels. Her cabinet backed it on […]

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DAX drops despite strong Eurozone CPI

The DAX index has edged lower in the Friday session. Currently, the DAX is trading at 11,390, down 0.29% on the day. The focus on Friday is on inflation numbers. […]

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Mexico Central Bank delivers 25bps rate hike to near 10-year high

The Mexican Central Bank (Banxico) voted to raise the target for the overnight interbank interest by 25 basis points to 8.00%, its first move since June.  One member voted to […]

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Oil rebounds from 1-year low as US inventories rise for an eight consecutive week

Oil prices continue to rebound for a second consecutive day and off the 1-year low and record 12 straight days of weakness.  Concerns of rising oil production and weakening demand […]

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Gold edges higher, U.S retail sales climb

Gold has posted slight gains in the Thursday session. In North American trade, the spot price for one ounce of gold is $1213.47, up 0.19% on the day. On the release […]

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USD/JPY – Japanese yen edges higher, U.S. retail sales impress

The Japanese yen is slightly higher in the Thursday session. In North American trade, USD/JPY is trading at 113.42, down 0.18% on the day. On the release front, it’s a […]

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GBP/USD – British pound plunges as May under attack over Brexit deal

GBP/USD is down sharply in the Thursday session, as the turmoil over Brexit has weighed heavily on the British pound. In North American trade, the pair is trading at 1.2758, […]

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