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  • David Becker

    The AUD rallied following stronger than expected Australian employment data, which rose 14.2k in April. AUDUSD rose above 0.9390 for the first time mid-April. Better than expected trade data also released on Thursday in China, allow the risk on trade to gain traction , pushing the Australian currency to 3-week highs. The Australia April employment

  • H.S. Borji

    The US economy will accelerate faster in 2014, but the Federal Reserve is puzzled by the prolonged slowdown in the housing market, Fed Chair Janet Yellen said today at the Joint Economic Committee. Yellen’s congressional testimony raised warning signs about the housing recovery, which was a key part of the economy’s resurgence last year. Housing

  • Business » Did the US Economy Contract in Q1?
    May 6, 2014, 21:44 GMT

    The latest round of trade data courtesy of the Commerce Department has raised speculation the US economy may have contracted in the first quarter. The trade deficit narrowed in March from $41.9 billion to $40.4 billion, led by an uptick in exports. However, the narrowing was less than what government economists had forecast when they

  • H.S. Borji

    The Canadian dollar strengthened Tuesday, taking advantage of a weaker US dollar amid a steady stream of economic data. The loonie advanced 0.6 percent to 0.9180 US, the highest level in a month. The greenback suffered a broad sell-off Tuesday, with the US dollar index falling half a percent to 79.12. The US dollar was

  • H.S. Borji

    US consumer confidence eased slightly in April, as Americans were less optimistic about the labour market and overall business climate. The Conference Board’s consumer confidence index fell from 83.9 to 82.3 in April. Economists in a Reuters poll forecast a reading of 83. Consumer confidence, which measures personal confidence in economic activity, is used to

  • Forex » Canadian Dollar Firmer Ahead of GDP
    April 28, 2014, 16:20 GMT

    The Canadian dollar was stronger Monday, as higher risk sentiment in the global markets boosted demand for the loonie. The Canadian dollar rose to a daily high of 0.9078 US, as demand for the greenback weakened ahead of a volatile week of trade headlined by nonfarm payrolls, GDP and the Federal Reserve’s latest policy announcement.

  • US consumer confidence emerged from a nine-week low, as brighter employment prospects and an improved buying climate boosted the outlook on the economy. The Bloomberg Consumer Comfort Index rose from minus 31.9 to minus 29.1 in the period ending April 13. The weekly random-sample survey gauges Americans’ views of the economy, personal finances and the

  • The British pound peaked at 1.6841 US overnight, the highest level since 2009, as stronger than forecast employment data fueled speculation of an early rate hike. By the morning, the GBPUSD pair was trading at 1.6818, recovering from an intraday low of 1.6795. Sterling soared Wednesday after the Office for National Statistics said UK jobless

  • Forex » US Consumer Confidence Rises Higher
    April 11, 2014, 16:26 GMT

    The key monthly Reuters / Michigan Consumer Sentiment Index has come in at 82.6 against a previous months reading of 80 and a consensus estimate of 81.0, these is a preliminary reading and will be revised later next week. This statistic compiled jointly by Reuters and the University of Michigan reflects consumer confidence in the

  • H.S. Borji
    Forex » Aussie Poised to Extend Rally
    H.S. Borji - April 10, 2014, 18:46 GMT

    The Australian dollar soared above 94 US cents Thursday on its way to fresh 2014 highs after the labour market posted stronger than forecast gains. The Aussie has soared nearly 6 percent year-to-date, a trend expected to continue as long as the flow of economic data remains positive. Australian employers added 18,100 jobs last month,