USD/CAD Again Above 1.30 as US GDP and Revisions Hurt Loonie
U.S. Fed’s FOMC and GDP Data Punish Loonie Canadian GDP Expected Flat and Flirting with Recession ...
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Oil Price Rises After Lower US Inventories
Crude futures rose modestly on Thursday after a larger-than-expected drawdown in U.S. crude stockpil...
Gold Continues to Trade Below $1,100 After Fed
Gold hovered not far from a 5-1/2-year low early on Thursday after the Federal Reserve said the U.S....
Emerging Stocks and Currencies Fall After Fed and US GDP
A gauge of emerging-market currencies extended a rout to a record low led by the Russian ruble and s...
IMF Says Greece Doesn’t Qualify for a Third Bailout
The International Monetary Fund’s board has been told Athens’ high debt levels and poor ...
EURUSD – Remains Bearish Despite Finding Support
The euro has been under pressure against the dollar over the past few days since running into signif...
US Jobless Claims Increased Last Week
The number of Americans filing new applications for unemployment benefits increased last week, but r...
Spanish Economic Growth Hits Pre Crisis Levels in Q2
Spain’s economy has recorded the strongest growth since 2007, before the global financial crisis p...
Irish Economy Grows 1.4% in Q1
Ireland’s economy grew by 1.4% quarter-on-quarter in the first three months of the year, in a reco...
Greek Stock Market to Remain Closed This Week
Greece’s stock market will not reopen on Thursday and may not open on Friday, either, because ...
US Treasury Secretary Warns Congress Over Debt Ceiling
The latest wave of job losses follow a period of relative calm for energy firms as global crude pric...
Oil Industry Cuts 12,500 Jobs as Price Keeps Dropping
Sinking oil prices have prompted another round of heavy job cuts. Royal Dutch Shell (RDSB) will slas...
US Q2 GDP 2.3% and Upwards Revision to Q1
The world’s largest economy expanded at a faster pace in the second quarter and managed to eke out...
US GDP Key After Lackluster First Quarter
With the Federal Reserve opting to remain coy on Wednesday, investors once again find themselves stu...
Data Dependent Day as Fed Refuses to Commit
Yesterday’s FOMC statement did exactly what many expected and offered little new insight into the ...
Oil Rallies on Big U.S. Stock Draw
Oil prices extended gains in Asian trade on Thursday, after a larger than expected draw in U.S. crud...
Pause in Sales Activity over Weak U.S. Home Purchase Contracts
Contracts to buy previously owned U.S. houses unexpectedly fell in June after five straight months o...
U.S. Dollar Firmer on Fed Expectations
The dollar held steady in cautious trade on Thursday, ahead of U.S. gross domestic product data that...
Fed Says Economy Improving
The U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leavi...
Asian Equities Steady after Fed’s Optimism
Asian stocks tiptoed higher on Thursday and the dollar consolidated recent gains after the U.S. Fede...