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“Solid” and a new chair: Fed base rate decision and the new Fed Chairman?

November 2, 2017 James Trescothick 0

On a day of announcements involving the Federal Reserve it was a keyword used that fueled speculation of who the new Fed chairman will be catching the attention of the markets.   First up was the Fed base…

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CAC Ticks Lower as French Manufacturing PMI Misses Expectations

November 2, 2017 Kenny Fisher 0

The CAC index is showing little movement in the Thursday session. Currently, the CAC is trading at 5,507.80, down 0.12% on the day. On the release front, French Final Manufacturing PMI remained unchanged at 56.1, missing the estimate of 56.7 points. Eurozone Final Manufacturing PMI improved to 58.5, just shy of the forecast of 58.6 […]

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USD/CAD – Canadian Dollar Steady, US and Canadian Job Numbers Next

November 2, 2017 Kenny Fisher 0

The Canadian dollar is showing little movement in the Thursday session. Currently, USD/CAD is trading at 1.2849, down 0.13% on the day. In economic news, there are no Canadian events on the schedule. The US will release unemployment claims, which is expected to tick upwards to 235 thousand. Traders should be prepared for some movement […]

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DAX Edges Lower, German Data Within Expectations

November 2, 2017 Kenny Fisher 0

The DAX has posted considerable gains in the Wednesday session. Currently, the DAX is at 13,442.00, down 0.21% on the day. On the release front, German numbers were within expectations. Final Manufacturing PMI remained unchanged at 60.5, just shy of the estimate of 60.6 points. Unemployment Change declined by 10 thousand, close to the estimate of -11 […]

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EUR/USD – Euro Steady as Eurozone, German Mfg. Reports Within Expectations

November 2, 2017 Kenny Fisher 0

The euro continues to have a quiet week. In the Thursday session, EUR/USD is trading at 1.1647, up 0.24% on the day. On the release front, there were a host of Manufacturing PMIs out of the eurozone. German Final Manufacturing PMI remained unchanged at 60.5, just shy of the estimate of 60.6 points. Eurozone Final Manufacturing […]

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November 2017 Market Outlook for Australia

November 2, 2017 Daniel Byrne 0

Despite improvement in some economic indicators, the Australian economy’s progress lags that of most other developed countries. In view of this, the International Monetary Fund (IMF) reduced its growth forecast for Australia’s economy to 2.2% in October, from…

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