Month: April 2018

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  GBPUSD makes a new session high.

  Moves above the 1.4011 area The GBPUSD has moved to new session higher (EURGBP selling?).  Technically, the pair moved back above the 1.4011 level. That[...]
  2018-04-10 05:14:13

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  EURUSD starts to climb toward topside resistance levels

  The levels are lining up The EURUSD has moved above the 1.2251-60 area as there is more dollar selling on China trade concerns (especially as[...]
  2018-04-10 05:14:13

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  US stocks open with the expected losses.

  Gains from yesterday are given back (and then some for the Nasdaq at least). The US stock market is open and the China trade war[...]
  2018-04-10 05:14:13

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  Mexican minister: NAFTA deal in principle for May is a possibility

  Comments from foreign affairs secretary Luis Videgaray This reiterates much of what we've already heard today. A deal isn't coming this week but it's likely this[...]
  2018-04-10 03:25:16

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  Analyst warns that Canadian credit quality beginning to deteriorate

  Canadian consumers slipping? At some point the tide will go out on the Canadian housing market and that's when we will find out how leveraged[...]
  2018-04-10 03:25:16

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  Here is what’s on the economic calendar in Asia today (China's President Xi speaking)

  Chinese President Xi Jinping will deliver a speech today at the Boao Forum for Asia (an annual summit). Markets are watching for comments on trade[...]
  2018-04-10 03:25:16

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  FBI raids the office of President Trump's personal lawyer Michael Cohen

  FBI raids New York office The FBI seized records from Trump's longtime personal lawyer after receiving a referral from special counsel Robert Mueller. They say[...]
  2018-04-10 03:25:16

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  US stocks give up gains. Close closer to session lows.

  Not a great way to end the day The US stocks gave up most of the gains for the day and are closing near the[...]
  2018-04-10 03:25:16

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  Moody's changes Brazil outlook to stable from negative

  Moody's affirms Brazil's rating at BA2 - reflects credit strength, offsetting weak fiscal metrics - Says next administration will pass reforms to stabilize debt metrice[...]
  2018-04-10 03:25:08

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  AUD, NZD both getting some attention; cross threatening a multi-year trend

  ArticleBody Just noting some attention being paid to the AUD/NZD This via an overnight note from Scotiabank in Canada: Scotia's chart: Also overnight (these on[...]
  2018-04-10 03:25:08

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