Month: July 2018

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  Goldman cuts Q2 GDP est from 4.3% to 4.2% last

  Cite the slower industrial production Goldman Sachs is cut their second-quarter GDP tracking estimate from 4.3% to  4.2% last. The cite weaker industrial production.
  2018-07-17 19:29:10

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  US major indices move into the black

  Powell testimony paints a bright picture for US economy As Fed chair Powell's testimony continues, the US major stock indices have moved higher. The major[...]
  2018-07-17 19:29:10

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  European stocks are ending the session with gains.

  10 year yields are lower The European stocks are ending the session with gains. In the 10 year note sector, yields are lower: In other[...]
  2018-07-17 19:29:10

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  Senator Hatch: He may support a bill to curtail Pres. Trumps trade power

  Chairman of Senate Finance Committee Orrin Hatch (R-Utah) Coming off a largely criticized press conference after the meeting with Pres. Trump and Russia's Pres. Putin,[...]
  2018-07-17 19:29:10

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  UK Times: May may face no-confidence vote if remainers win over customs vote

  Tory rebels are being warned The London Times is saying that PM May could face no-confidence vote if remainers win over customs deal. Brexiteers also[...]
  2018-07-17 19:29:10

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• 
  European stocks end the session mostly lower to start the week

  German Dax bucks the trend with a move up. France's CAC and UK FTSE down The EU indices are closed for the day and the[...]
  2018-07-17 18:23:29

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  GBPUSD gives up gains. Trade between the 100 and 200 hour MA.

  Support at 100 hour MA stalling the fall The GBPUSD has given up the gains seen in the first half of the trading day. The[...]
  2018-07-17 18:23:29

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  EURUSD dips below 1.1700. Breaks 50% and 200 hour MA.

  Still up on the day but gains are being eroded The 100 hour MA at 1.16895 is ahead. A move below that would increase the[...]
  2018-07-17 18:23:29

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  USDJPY technical update: Sellers try to push the downside but failing

  Unchanged on the day The USDJPY was trading between the a topside trend line and lower trend line to start the NY session.  Since then,[...]
  2018-07-17 18:23:29

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  WTI crude falls 4% but stalls at 61.8% Fibonacci level

  Oil technical analysis Oil bounced from the 50% retracement on Friday but talk of Saudi Arabia offering customers more supply and signs of increased Iraq shipments sparked a[...]
  2018-07-17 18:23:29

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