AUD Update
Australian construction work up, new home sales down.
Australian ecostats were even fewer and farther between. Construction work in the second quarter of the year was up by 3.5% compared with Q1 and that first quarter figure was itself revised upwards from 1.9% to 4.2%. Analysts had been suspicious about the originally low Q1...
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Little Happening With the Commodities Currencies
CAD and ZAR Forex Trading Update
ZAR Forex Trading
Over the last week, South African data pave the way for lower rand interest rates.
The two South African figures that mattered were Tuesday’s GDP numbers and Wednesday’s consumer price index (CPI) data. Both were interesting. GDP grew by 3.2% in the second...
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Sterling Slides on Fears of Double Dip
After managing to sustain its highest levels for a year for a couple of weeks now the pound has slid back today against a basket of currencies on the back of risk aversion and capital flows into the US dollar, yen and Swiss franc...
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Equity Markets See Increased Volatility
Equity markets have spent most of the day pinging between negative and positive territory, clawing their way back higher buoyed by slighter better than expected UK GDP figures, followed...
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Sterling Strengthens Vs the Euro
Bundesbank head calls for continued monetary stimulus.
After falling on Monday and Tuesday the pound spent the rest of the week pointing higher. It only managed to add a single...
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Day Trading Markets Get a Boost from GDP Data
Equity markets got an early boost this morning as Germany, France and Spain all posted better than expected Q2 GDP figures with Germany posting a 2.2% gain, its best...
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