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Left rates unchanged at 1.5% The Bank of Canada today maintained its target for the overnight rate at 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ¼ per cent.
Highlights of the Bank of Canada decision on September 5, 2018: Statement: Note: There is no press conference after this decision but Wilkins is delivering a speech tomorrow.
Goldman Sachs sees 3% Barclays has widened their Q3 GDP tracker to 2.9% from 2.8%. Meanwhile Goldman Sachs held their estimate for Q3 growth at 3.0%. The Atlanta Fed is an outlier at 4.7% (released yesterday). They are expected to revise their estimate today.
Down over $350 on the day The price of bitcoin is trading down -$369 on the day at $6989. The high reached $7384 earlier in the day. The low extended to $6903.
Business survey from ISM New York ForexLive
1% declines in a number of major indices The European major stock indices are closing with big declines: In the benchmark 10 year note market, yield changes were mostly higher.
GBPUSD soared. The EURUSD rose. Price between 100 and 200 hour MAs now The positive sent the GBPUSD soaring to the upside. The EURUSD also moved higher, only at a slower pace. Lets’s say the EURUSD rose after the positive Brexit headlines.
GDP tracker lower on trade data Yesterday the Atlanta Fed GDPNow tracker for Q3 was lifted to 4.7% from 4.0%. Today it’s back down to 4.4%. “After this morning’s international trade release from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis (BEA), the nowcast of the contribution of net exports to third-quarter…
How to trade Germany’s main stock index The DAX is a blue-chip stock market index which comprises of thirty major German companies trading on the Frankfurt Stock Exchange (FSE). In this sense it is similar to the Dow Jones Industrial Average which also shows how 30 large publicly owned companies in the US have traded.