USD/CAD Canadian Dollar Higher After Strong Q2 GDP

The Canadian dollar rose on Thursday after the economy surprised to the upside with a 4.5 percent GDP growth in the second quarter being expectations of a 3.7 percent increase. This makes Canada the best performing country in the G7 and has put a rate hike before the end of the year firmly on the […]

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Weekly FX Update – 31 August 2017 (Video)

It’s been a week of two halves, with the start driven by renewed geopolitical tensions after North Korea launched a missile over Japan and the latter by an abundance of economic releases. While risk aversion dominated earlier on – made worse by the devastating impact of Tropical Storm Harvey – it gradually recovered as the […]

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Gold Pushes Higher as Consumer Spending, Housing Reports Miss Estimates

Gold has posted considerable gains in the Thursday session. In North American trade, spot gold is trading at $1317.83, up 0.69% on the day. In economic news, unemployment claims edged up to 236 thousand, just below the forecast of 237 thousand. Personal Spending came in at 0.3%, shy of the estimate of 0.4%. The news […]

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