TRADING

OIL PRICES RISE DUE TO CURRENT TURMOIL


EUR/USD The euro traded lower against the US dollar despite the improvement in Europe’s inflation data that was released yesterday. The current decline in the levels of the euro against the dollar comes in light of the continued rise in the dollar against major currencies.…read more

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QUIET DAY AFTER THE US JOBS REPORT


  EUR/USD: The euro rose against the US dollar yesterday after the release of Sentix Investor Confidence, which showed an increase in November to 15.1. The euro was also supported by the profit-taking on the dollar, after Friday’s rise.   European Economic…read more

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POSITIVE NON-FARM PAYROLLS


  The US dollar traded higher against all major currencies as the change in the number of employed people in the US for the month of October came out higher than expected, showing positive signs of improvement in the labor market; thus increasing expectations of an…read more

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CHINA’S FALL


Accounting for 17% of the global economic activity, China is one of the world’s largest economies. However, the Chinese stock market, triggering a market meltdown, is a sensitive issue at the moment. Capital Business got talking to Jameel Ahmad, Chief Market Analyst,…read more

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OPPORTUNITY IN EMERGING MARKETS AMID FALLING GLOBAL GROWTH


The plunge in the price of oil and other commodities has scores of emerging markets under severe pressure. Yet, it is in emerging markets that Saxo Bank sees most hope. As risks to global growth increase, the timing of a US interest rate move remains a shadow over such…read more

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RECOVERY IN THE AUSTRALIAN ECONOMY


  EUR/USD: The euro was steady against the US dollar after the release of positive data from both sides. Markit Manufacturing PMI in Europe rose during October to 52.3, while the US Construction Spending Index increased during September to 0.6% and ISM Prices Paid…read more

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THE AUSSIE ON THE RISE


EUR/USD: The euro fell against the US dollar in spite of the stabilizing of the Markit Manufacturing PMI Index and the growth of the same index for the service sector for the euro region during October. From the US, the Markit Manufacturing PMI index for October showed…read more

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INTEREST RATE DECISION


EUR/USD: The Euro was steady against the US dollar during trading yesterday after the absence of economic data from both, the European and American side, and as investors await the release of major economic data later during the day.   European Economic Data: Time…read more

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MIXED US HOUSING DATA


  EUR/USD: The euro rose against the US dollar after mixed US data regarding the housing sector for the past month. The Housing Starts rose, while Building Permits fell for the same period.   European Economic Data: Time GMT Event Vol Forecast Previous  …read more

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OIL PRICES RETREAT


    EUR/USD: The euro fell against the US dollar with the absence of economic data from the European side and the rise of the US Housing Market Index in October to 64.   European Economic Data: Time GMT Event Vol Forecast Previous 08:00 Current Account  …read more

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