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Category: News

ESMA regulator directive is likely to affect Global Group’s annual revenue

NewsJanuary 5, 2019 admin_mm

Global Group posted peak financials, but fears recession in the near future A few days ago, the leading developer of software for brokerage and banking sector of Global Group presented the annual financial report as …

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US Dollar Ends Week Firm on Interest Rate Outlook

NewsDecember 1, 2018 admin_mm

The US dollar slumped during the week after Federal Reserve Chairman Jerome Powell made a U-turn, saying that interest rates close to neutral levels. The currency recovered later following the Fed policy minutes. Commodity currencies were strongest during the week, with the exception …

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US Dollar Rebounds on Fed Minutes, G20 Summit Optimism

NewsNovember 30, 2018 admin_mm

The US dollar rebounded at the end of the trading week after new Federal Reserve minutes show the central bank favors raising interest rates in December and beyond. With investors paying close attention to this weekend’s G20 summit, all eyes are on President Donald Trump’s …

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Canadian Dollar Falls After GDP Miss, Reverses Losses Later

NewsNovember 30, 2018 admin_mm

The Canadian dollar fell today after Canada’s GDP data turned out to be disappointing. The currency swiftly reversed its movement, though, trimming losses against some rivals, while erasing them outright against others. The loonie even managed to gain on the euro, which …

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Swiss Franc Declines as Economic Barometer Falls Below Expectations

NewsNovember 30, 2018 admin_mm

The Swiss franc declined today following the release of underwhelming macroeconomic data. While the currency actually gained immediately after the release, the rally was short-lived, and the Swissie retreated afterwards. The KOF Economic Barometer fell from 100.2 in October to 99.1 in November. Experts had predicted a smaller …

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New Zealand Building Consents Rise, NZ Dollar Goes Higher

NewsNovember 30, 2018 admin_mm

The New Zealand dollar gained today. Domestic macroeconomic data released overnight was good, but it does not seem to contribute much to the currency’s rally. Statistics New Zealand reported that the seasonally adjusted number of building consents increased 1.5% in October from …

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Australian Dollar Weaker After China’s Disappointing Data

NewsNovember 30, 2018 admin_mm

The Australian dollar fell today. While domestic macroeconomic data was decent, reports in China, Australia’s biggest trading partner, were disappointing. China’s official manufacturing Purchasing Managers’ Index fell from 50.2 in October to 50.0 in November. Economists had expected the index to remain …

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Euro Declines on Weak Eurozone CPI Data Ahead of G20 Summit

NewsNovember 30, 2018 admin_mm

The euro today headed lower against the US dollar from the early European session following the release of the mixed German retail sales data. The EUR/USD currency pair extended its losses in the mid-European session after the release of disappointing eurozone inflation data. The EUR/USD currency pair …

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Canadian Dollar Pares Losses on Energy Prices, Account Deficit

NewsNovember 29, 2018 admin_mm

The Canadian dollar is paring its earlier losses against its American counterpart on Thursday, buoyed by rallying energy prices and a smaller current account deficit. The loonie has weakened nearly 1% over the last trading week, mainly because of the bear market in international crude …

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Euro Declines on Weak Eurozone Data, Later Rallies on Weak US Data

NewsNovember 29, 2018 admin_mm

The euro today fell from Asian session highs in the early European session following the release of mixed macro data from across the euro area. The EUR/USD currency pair later rallied higher in the mid-European session as market risk sentiment improved before heading lower in the American …

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