Forex News
The US GDP Grew by 3% q-o-q in the Second Quarter of 2024
Video Source: Schwab Network on YouTube The greenback gained ground against the loonie yesterday following the release of upbeat US GDP data for the June 2024 quarter. The US dollar’s momentum was also aided by weak Canada’s current account
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Australia’s CPI Rises 3.5% in July, Exceeding Expectations
Video Source: Nugget’s News on YouTube The Australian dollar remained range-bound against the greenback yesterday following the release of weak economic data from both Australia and the US. While Australia’s construction work data for the June 2024 quarter missed
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German GfK Consumer Climate Index Worsens to -22 for September
Video Source: Bloomberg Television on YouTube The euro remained range-bound against the pound yesterday following the release of weak economic data from both Germany and the UK. While Germany’s consumer climate index forecast for September missed estimates, the Confederation
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United States Durable Goods Orders Surge 9.90% m-o-m in July
Video Source: Yahoo Finance on YouTube The euro lost ground against the greenback yesterday, despite the release of a slightly better-than-anticipated German Ifo business climate index for August. The US durable goods orders data for July was overwhelmingly positive.
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Canada Retail Sales Fell Significantly by 0.30% m-o-m in June
Video Source: CBC News on YouTube The Kiwi dollar remained range-bound against the loonie following the release of weak economic data from New Zealand and the Canadian dollar. While New Zealand’s retail sales fell more than anticipated in the
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The US Flash Manufacturing PMI Hits an 8-Month Low in August
Video Source: Bloomberg Television on YouTube The euro declined against the dollar yesterday after weak German manufacturing PMI data was released for August. Although US manufacturing PMI data also fell short of expectations, market attention remained on Germany, the
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Japan’s Trade Deficit Soars in July 2024 Amid Yen Depreciation
Video Source: Breaking Blitz News on YouTube The pound traded within a narrow range against the yen yesterday, influenced by weak economic data from both Japan and the UK. While Japan’s trade deficit widened more than anticipated, the UK’s
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June Eurozone Current Account Surplus Rises to €50.50 Billion
Video Source: 1News on YouTube The euro remained range-bound against the Kiwi dollar yesterday, despite the release of upbeat Eurozone current account data for June. New Zealand’s trade balance data for July unexpectedly missed estimates. The market is expected
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Japan’s Core Machinery Orders Increased with 2.10% in June
Video Source: CNBC-TV18 on YouTube The yen strengthened against the greenback at the start of a new trading week amid the release of better-than-anticipated Japan core machinery orders data for June. The US Conference Board’s leading economic index declined
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US Building Permits Showed a Notable Decline in July 2024
Video Source: CNBC Television on YouTube The pound rallied against the greenback on Friday following July’s release of over four-year low building permit data. The UK retail sales data was a notch lower than the market’s expectations. Overall, the
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