Pound slides The pound was the worst performing major currency in Thursday’s European session as speculation mounted about
Market Trends

Mexico Trade Gap Rises Sharply in December

Mexico Trade Gap Rises Mexico recorded a USD 157 million trade deficit in December of 2017 from a USD 10.7 million in the corresponding month of the previous year. Figures came worse than market consensus of a USD 260 million surplus, as exports grew slower than imports. On a seasonally adjusted basis, exports increased only […]

Loonie falls sharply The Canadian dollar lost ground versus its US counterpart as GDP figures unexpectedly reflected a contraction
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Loonie falls sharply on GDP miss; pound boosted on Barnier; Eurozone readings mixed

Loonie falls sharply The Canadian dollar lost ground versus its US counterpart as GDP figures unexpectedly reflected a contraction in the Canadian economy. Eurozone data on inflation, economic growth and unemployment out during today’s session gave a mixed picture. The pound moved higher after some comments by Michel Barnier, the EU’s chief Brexit negotiator, which […]

Yen weakens   As markets head into the weekend, investors during the European session were concentrated on political developments
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(European Session) – Yen weakens ahead of Japanese elections; loonie falls sharply as retail sales miss expectations

Yen weakens   As markets head into the weekend, investors during the European session were concentrated on political developments in Spain as well as on Brexit negotiations. Japanese snap elections would be also in focus on Sunday with the yen showing some weakness on Friday. However, the loonie was the worst performer out of majors today after retail sales and inflation figures came in worse […]

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(European Open) – Korean tensions back on the frontline; stocks retreat, though not as sharply

 (European Open) – Korean tensions back on the frontline; stocks retreat, though not as sharply   Korean tensions North Korea saying it could consider conducting another nuclear test, specifically a hydrogen-bomb test in the Pacific, diverted attention from monetary policy decisions and their implications from earlier in the week, dampening risk sentiment. Equity markets have […]