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Category Archives: FXinsider

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Fiserv Adds Harry F. DiSimone to Board of Directors

Fiserv, a global provider of financial services technology solutions, has upgraded its Board of Directors with the addition of Harry F. DiSimone. Discover credible partners and premium clients at China’s leading finance event!   Mr. DiSimone began his career with JP Morgan Chase in 1976,

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US stocks bounce back smartly

Major US equity indices opened with strong gains on Thursday and quickly recovered previous session’s losses, led by hawkish FOMC meeting minutes.  The minutes from the January Federal Open Market Committee meeting showed that policymakers inclined to continue with a gradual monetary policy tightening cycle

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Reality-check for the US Dollar, back to sub-90.00 levels

DXY quickly lost momentum above the 90.00 handle. US 10-year yields testing lows in the 2.91% mark. Gains in DXY faltered beyond 90.20, or multi-day peaks. The US Dollar Index (DXY), which gauges the greenback vs. a basket of its main competitors, is now facing

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Gold turns positive, snaps four days of losing streak

   •  A modest USD retracement prompts short-covering move.   •  Sliding US bond yields lending some additional support.   •  Reviving safe-haven demand supportive of the up-move. Gold jumped to fresh session tops during the early NA session and snapped four consecutive days of losing streak.

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USD/JPY breaks below 107.00 handle, fresh session lows

   •  USD consolidates amid retracing US bond yields.   •  JPY boosted by global risk aversion trade.   •  US weekly jobless claims data fails to lend any support. The USD/JPY pair extended its overnight rejection slide from the 108.00 neighborhood and has now slipped back

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USD/CAD in 2018 tops beyond 1.2700 on retail sales

Canadian retail sales contracted more than expected in December. US weekly initial claims beat estimates last week. Fedspeak should keep the attention on the buck later in the day. The greenback is advancing further vs. its Canadian neighbour on Thursday, lifting USD/CAD to new YTD

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Canada: Retail sales decreased 0.8% in December

“Following three consecutive monthly increases, retail sales decreased 0.8% in December to $49.6 billion,” Statistics Canada reported this Thursday. Key highlights: Despite this decline, retail sales were up 1.5% in the fourth quarter and up 6.7% for the year. Sales fell in 6 of 11

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ECB: A growing divide – ING

The just-released minutes of the January ECB meeting provide new evidence of a growing divide within the ECB’s Governing Council, according to Carsten Brzeski, Chief Economist at ING. Key Quotes “The three biggest takeaways The ECB meeting in January was perceived as hawkish by many