In The Press

US equity indices jumped on Monday after reassurance from US lawmakers that the country won’t default on its debt obligations, boosting hopes of a deal to raise the debt ceiling. The odds of further gains in the indices are high, technical charts suggest. “The leaders...
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Australian Dollar Deteriorates with Risk Appetite The sentiment-linked Australian Dollar underperformed against its major counterparts on Tuesday. This was during a day that Wall Street turned sour. The Dow Jones Industrial Average sank over 1 percent as materials and energy stocks underperformed. Meanwhile, information technology...
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The Australian Dollar dropped on doubts about the economic recovery for China after statistics revealed slowing activity. Chinese data today saw industrial production come in at 5.6% year-over-year to the end of April against the 10.9% forecast and March’s print of 3.9%. Retail sales for...
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The US Dollar reclaimed the ascendency last week with the DXY index notching up its largest weekly gain since September last year. The DXY index is a US Dollar index that is weighted against EUR (57.6%), JPY (13.6%), GBP (11.9%), CAD (9.1%), SEK (4.2%) and...
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BOE MEETING AND UK GDP IMPACT The GBP selloff continued following Thursdays BoE meeting and gathered pace on Friday as GBPUSD slipped below the 1.2500 psychological level, trading at 1.2460 at the time of writing. The selloff in GBPUSD had more to do with the...
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