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Economic News

Got a spare billion? Investment bankers are keen to help

Posted by on Jan 25, 2015

LONDON (Reuters) - The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment...

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Forex News

Euro Edges Higher as Fed Decision Looms

Posted by on Jan 27, 2015

The Euro continued to edge higher in Tuesday trading after a day of profit taking as investors await the outcome of the Federal Reserve Bank policy meeting to gauge expectations on...

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Fundamental Analysis

AUD/USD – Limited Movement as Business Confidence Remains Low

Posted by on Jan 27, 2015

AUD/USD continues to have a quiet week, as the pair trades in the mid-0.79 range on Tuesday. The Aussie is coming off a terrible week, in which it lost over 300 points against the...

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Technical Analysis

AUDNZD Pressing 1.0715 Resistance as Traders RBNZ-Phobia Grows

Posted by on Jan 27, 2015

Last week, we noted the almost eerie synchronized easing from many of the world's major central banks. The upshot of last week's central bank actions, in particular the BOC's...

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Recent Posts

AUD/USD – Limited Movement as Business Confidence Remains Low

AUD/USD – Limited Movement as Business Confidence Remains Low

Jan 27, 2015

AUD/USD continues to have a quiet week, as the pair trades in the mid-0.79 range on Tuesday. The Aussie is coming off a terrible week, in which it lost over 300 points against the US dollar. On the release front, NAB Business Confidence showed little change, edging up to...

US Surge in Consumer Confidence Kicked off 2015, Existing Home Prices Rose in November, and New …

US Surge in Consumer Confidence Kicked off 2015, Existing Home Prices Rose in November, and New …

Jan 27, 2015

The Conference Board's measure of US consumer confidence surged by 9.8 points to 102.9 in January 2015, thereby beating market expectations for a 95.0 reading, to build on the revised 2.1 point increase to 93.1 in December 2014 (previously reported as 92.6). The measure now sits at its highest...

US New Orders for Factory Durable Goods Dropped 3.4% in December

US New Orders for Factory Durable Goods Dropped 3.4% in December

Jan 27, 2015

US new orders for factory durable goods declined by 3.4% in December 2014, which was well below market expectations for a 0.4% increase and followed a downwardly revised 2.1% decline in November that was previously reported as -0.9%. A 46.4% drop in the volatile aircraft component in December explained...

USD/JPY – Yen Gains on Weak US Durable Goods

USD/JPY – Yen Gains on Weak US Durable Goods

Jan 27, 2015

The Japanese yen has posted gains on Tuesday, as USD/JPY trades in the mid-117 range early in the North American session. There are no Japanese releases on Tuesday. In the US, Durable Goods Orders posted a sharp decline of 3.4%. Later in the day, we'll get a look at...

Weaker-Than-Expected U.K. GDP Growth in Q4

Weaker-Than-Expected U.K. GDP Growth in Q4

Jan 27, 2015

Data released this morning showed that real GDP in the United Kingdom rose 0.5 percent (2.0 percent at an annualized rate) in the fourth quarter relative to the previous quarter (top chart). The outturn was a bit weaker than the 0.6 percent sequential growth rate that the consensus forecast...