Archive: April2015

Euro rally takes many by surprise

30 Apr 2015
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United States Dollar: It was another volatile day in FX markets yesterday. At one point during the morning session, GBP/USD came close to breaking through 1.55. It didn’t, and as the day went on the US dollar pulled back after being heavily s…

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Consumer Morale Held at 12-Year High

30 Apr 2015
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The GfK consumer confidence survey indicated that consumer morale in the UK remained at a multi-year high. However, a survey by CBI revealed that growth in retail sales volume surprised on the downside for April. With no major domestic indicators today…

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Dollar slammed again as GDP misses forecasts

29 Apr 2015
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United States Dollar: The dollar was slammed again yesterday. Weaker than expected U.S. GDP released yesterday was a big contributor to the move, showing that the economy expanded by 0.2% in Q1 vs. forecasts for 1.0%. GBP/USD siphoned through the 1…

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A Busy Global Economic Calendar Day

29 Apr 2015
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Yesterday’s downbeat GDP data from the UK had a limited influence on Sterling as it continued to nudge higher against its peers. Data released earlier today revealed that nationwide house prices in the UK rose to its highest level since June 2014…

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GBP/USD shrugs off weak GDP and reaches for 1.54

28 Apr 2015
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United States Dollar: Investors sold GBP/USD yesterday following the release of weaker than expected UK GDP data. As mentioned in Tuesday’s commentary, the data showed that the UK economy grew by 0.3% in the January-March period vs. expectatio…

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GBP/USD shrugs off weak GDP and reaches for 1.54

28 Apr 2015
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United States Dollar: Investors sold GBP/USD yesterday following the release of weaker than expected UK GDP data. As mentioned in Tuesday’s commentary, the data showed that the UK economy grew by 0.3% in the January-March period vs. expectatio…

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Slower UK GDP Growth

28 Apr 2015
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Britain’s preliminary estimate of GDP data has shown that growth declined for the first quarter of 2015, indicating that the nation has lost its growth momentum. Going forward, with just over a week until elections, developments from the UK&rsquo…

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Pound falls as UK GDP misses forecasts

27 Apr 2015
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United States Dollar: The dollar was sold off as the New York session started yesterday. There wasn’t much by way of data; U.S. Flash Services PMI printed a little weaker than expected but that was about it as far as data was concerned. GBP/U…

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A Light Global Economic Calendar Day

27 Apr 2015
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The CBI industrial trends survey on factory orders for April will mark the start of this week’s domestic economic releases. The survey will be used to gauge the outlook for the nation’s manufacturing sector, ahead of Friday’s manufact…

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Greek deadlock continues as payment deadline looms

26 Apr 2015
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United States Dollar: The recent run of soft US data continued on Friday with the latest monthly Core Durable Goods Orders missing target. The release showed a drop of -0.2% when a 0.2% increase was expected. April has seen Non-Farms, Retail Sales, B…

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