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MarketPulse
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MarketPulse. The beat of the forex market.
MarketPulse. The beat of the forex market.

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Streaking Gold Kicks Off 2018 With Gains - It’s up, up, up for gold prices. The base metal has not had a losing session since December 19 and the upward movement has continued on Tuesday. In the North American session, the spot price for an ounce of gold is $ 1311.93, up 0.64% on the day. On the release front, today’s sole event was Final Manufacturing PMI, which climbed to 55.1, edging above the estimate of 55.0 points. This marked the highest level since March 2015. On Wednesday, the Fede...
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GBP/USD – British Pound Gains Ground Despite Soft U.K. Manufacturing PMI - The British pound has started the New Year with gains. In Tuesday’s North American trade, GBP/USD is trading at 1.3580, up 0.55% on the day. The pound is currently at its highest level since mid-September. On the release front, British Manufacturing PMI slowed to 56.3, shy of the forecast of 58.0 points. In the US, today’s sole event was Final Manufacturing PMI, which climbed to 55.1, edging above the estimate of 55....
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USD/JPY – Yen Improves to 3-Week High, Markets Eye Fed Minutes - USD/JPY has started the week with losses. In the Tuesday session, USD/JPY is trading at 112.11, down 0.51%. On the release front, there are no Japanese events on the schedule, and Japanese bank are closed for a holiday. In the US, today’s sole event was Final Manufacturing PMI, which climbed to 55.1, edging above the estimate of 55.0 points. This marked the highest level since March 2015. On Wednesday, the FOMC will publish th...
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CAC Slips as European Stock Markets Start New Year in the Red - European stock markets have started 2018 with losses, and the CAC index is in red territory in the Tuesday session. Currently, the index is at 5278.00, down 0.62% on the day and at its lowest level since late September. On the release front, French Manufacturing PMI improved to 58.8, but this missed the estimate of 59.3 points. Eurozone Manufacturing PMI climbed to 60.6 points, matching the forecast. On Wednesday, the Federal R...
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DAX Dips to 15-Week Low Despite Solid German Mfg. Report - The DAX has started the New Year with losses, continuing the downward trend which marked trading late last week. In the Tuesday session, the index is at 12,816.50, down 0.72% on the day. The DAX has dropped to its lowest level since September 8. On the release front, German and Eurozone Manufacturing PMIs improved in December. German Manufacturing PMI came in at 63.3, while Eurozone Manufacturing PMI climbed to 60.6 points. Both ind...
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USD/CAD – Canadian Dollar Gains as Greenback Sags - The Canadian dollar ended 2017 with gains, and the positive trend has continued into the New Year. In the Tuesday session, the pair is trading at 1.2537, down 0.33%. On the release front, there are no major events on the schedule. Both Canada and the US will release Manufacturing PMI reports. At the Federal Reserve December meeting, policymakers raised rates by 25 basis points, to a range between 1.25-1.50%. The Fed will release the minute...
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U.S Dollar starts 2018 at new lows - Tuesday January 2: Five things the markets are talking about Despite the Fed backing up interest rates three-times in 2017 and starting the unwinding of its QE policy, the ‘mighty’ dollar ended up being the worst performing G10 currency last year (-9.5% vs. against its peers). The theme for the New Year, thus far, has not changed. A plethora of manufacturing data is today’s main releases (PMI surveys for the U.K, U.S and Eurozone), while the key focus th...
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EUR/USD – Euro Kicks Off New Year at 1.20 - EUR/USD hasn’t missed a beat as we start 2018, posting gains in the Tuesday session. Currently, EUR/USD is trading at 1.2067, up 0.55% on the day. The pair is at its highest level since early September. On the release front, German and Eurozone Manufacturing PMIs improved in December. German Manufacturing PMI came in at 63.3, while Eurozone Manufacturing PMI climbed to 60.6 points. Both indicators matched their estimates. On Tuesday, Germany relea...
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Iran Protests Lift Oil To Start The Year - Oil finishes the year positively and receives a boost in Asia as protests in Iran escalate and spread across the country. Oil ended 2017 on a positive note, as falling inventories globally and strong economic growth offset the restart of the Forties pipeline and the resumption of production following a pipeline outage in Libya. Crude Inventories fell again last week in the United States, supporting WTI in particular, although it should be noted tha...
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Gold Continues To Defy Sceptics - The street continues to be short and caught in gold as 2018 gets underway. Gold continues to make more comebacks then Mohammed Ali, confounding critics (myself included) and soaring 11 dollars on Friday to recapture the 1300.00 level and close at its highs near  1305.00. The new three-month high represents a near 70 dollar rally from its mid-December lows near 1135.00. Two cautionary points must be made though. Well over half of the rally was made in the la...
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