2019

The Bank of Canada held its monetary policy meeting last week on Wednesday. As widely expected, the central bank left the key interest rates unchanged amid a sudden and a sharp slowdown in the nation’s economic growth in the final months of…
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Early tomorrow we have the release of the only major event on the economic calendar for Switzerland this week. Data for the Alpine nation has been coming in line with expectations lately. But, with the economy just barely in growth…
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UK Data Economic reports from the UK showed that the GDP rose 0.2% in the three months to January. On a quarterly basis, the economy picked up the pace, rising 0.5%. The gains came from an increase in IT, health services and wholesale…
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The Reserve Bank of Australia held its monetary policy meeting last week on Tuesday morning. The central bank left interest rates unchanged at 1.50%, as it has done since August 2016. The markets widely anticipated this move. However,…
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Most people, even without a background in economics or finance know that inflation means that the value of a currency is going down. Broadly speaking, this is translatable in some sense to the currency markets. If one currency has higher…
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The US dollar extended declines for a second daily session. Economic data on the day was relatively sparse. The euro traded subdued while gold prices weakened on the day. Germany German industrial production figures showed a disappointing…
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A break of support at 1.1180 and the measured move target is seen at 1.0875
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The latest business surveys, measuring activity in the manufacturing and services sector for the eurozone painted a mixed picture. The overall outlook, however, was one that gave hope of a revival in growth for the region. Last…
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Greek Bond Sale Gains Backing from Investors The country's first bond sale since Europe's debt crisis raised €2.5 billion last week. Order books reached a ceiling of €11.8 billion. Investors began snapping up 10-year Greek debt at a 3.9…
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