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U.S Factory Orders Rise, Core Capital Goods Orders Revised Higher

November 3, 2017 Dean Popplewell 0

New orders for U.S.-made goods rose for a second straight month in September and orders for core capital goods were stronger than previously reported, suggesting manufacturing activity was gathering momentum. Factory goods orders increased 1.4 percent as demand for a range of goods rose, the Commerce Department said on Friday. Orders increased by an unrevised […]

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Market Update: NFP falls short of prediction

November 3, 2017 James Trescothick 0

After the shocking NFP number released back in October which came in at -33K, there was expectation that Novembers Non-Farm Payroll would show a strong come back with a forecast of 310,000 new jobs created.  However, though there…

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EUR/USD – Euro Steady Ahead of US Nonfarm Payrolls, Wage Growth

November 3, 2017 Kenny Fisher 0

The euro continues has ticked lower in the Friday session. Currently, EUR/USD is trading at 1.1644, down 0.09% on the day. On the release front, there are no eurozone indicators on the schedule. Employment data will be in the spotlight on Friday, as the US releases Average Hourly Earnings, Nonfarm Payrolls and the unemployment rate. The […]

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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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