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  • Sterling Holds Steady Ahead of Inflation and Employment Data

    UK data turned the corner in the third quarter and the pessimistic outlook of the Bank of England new chief Governor Carney which was offered when he took office in July is likely to be revised. The central bank’s growth forecast is likely to be revised higher and a faster decline in unemployment is likely

  • Stocks Edge Higher on Low Volume
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    Stocks Edge Higher on Low Volume

    November 12, 2013, 07:11 GMT

    Stocks in the US consolidated on the open as volume was soft as many are celebrating the Veteran’s day holiday. The bond market in the US is closed along with banks and government agencies. Friday’s stronger than expected employment report generated significant upside volatility which saw the Dow Industrials notch up a new all-time high

  • Stocks Recapture Thursday’s Losses

    Stocks in the US started the trading session on a positive note, but momentum has been negative throughout most of the week. Earning continued to top forecasts with Disney (NYSE:DIS) notching up solid gains. France experience a debt downgrade as S&P cut their credit rating. US employment data continued to show moderate gains. Stock ending

  • Sterling Hold Steady as Rate Hikes Loom Large

    Currency markets experienced volatility on Friday on the heels of the ECB interest rate cut on Thursday and Friday’s debt downgrade by S&P of France’s credit. Chinese trade figures came in better than expected, while Germany’s trade surplus jumped to a record high. Global yields continue to decline but strength in the UK continues to

  • ECB:Surprise interest rate cut
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    ECB:Surprise interest rate cut

    November 8, 2013, 08:26 GMT

    Currency markets were on edge early on Thursday as traders awaited the decision from both the ECB and the BoE in interest rates. There was very little speculation that the BoE would make a move given the strength of recent data. In fact, many analysts now believe the BoE is closer to tightening rates than

  • Stocks Roll Over on Heavy Volume
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    Stocks Roll Over on Heavy Volume

    November 8, 2013, 07:39 GMT

    Stocks in the US started the trading session on a positive note as the ECB surprised the investor community by cutting interest rates. US GDP was better than expected while jobless claims came in better than expected. Toward mid-day stocks turned negative and accelerated to the downside into the close. The Nasdaq was the worst

  • Aussie Edges Higher Ahead of Employment Data

    The greenback was on the defensive against most major currencies as stronger than expected economic data created headwinds for the US currency. Tuesday’s better than expected ISM services report in the US failed to give the dollar a lift as investors continue to believe that the US will pursue and easing policy deep into 2014.

  • Euro Poised to Test Lower Levels
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    Euro Poised to Test Lower Levels

    November 6, 2013, 12:55 GMT

    Ahead of Thursday ECB meeting the EURUSD continues to trade sideways as investors ponder whether the central bank will ease monetary policy and potential increase the amount of stimulus that is available within the region. Recent data points have been mixed but the outlook for economic growth is soft which likely requires ECB action. The

  • Nasdaq Edges Higher but Momentum Turns Negative

    Stocks in the US started the trading session on a soft note as investors continue to look for an impetus to generate upward momentum. Despite a conviction that the Federal Reserve will continue to keep interest rates decisively low for the foreseeable future, earnings guidance continues to be relatively tame, making it difficult for stock

  • Exxon Drives Dow Higher
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    Exxon Drives Dow Higher

    November 5, 2013, 07:28 GMT

    Stocks got off to a positive start in November and continued to make headway on Monday. Historically the last two months of the year have been positive for stock prices and with the Fed likely to keep the pedal to the metal there is a good chance of strong performance. Economic data will likely continue

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