BOE Expected to Hike on Thursday But by How Many Votes?

The Bank of England (BOE) is widely expected to raise interest rates from record lows Thursday, but market participants will be closely watching for clues on what the U.K. central bank will do next. This will be one of the BOE’s most significant meetings in some time — not only because of the likely rate […]

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US Construction Spending rose 0.3% in September

The Commerce Department said on Wednesday that construction spending increased 0.3 percent to $1.22 trillion. But August’s construction outlays were revised down to show a 0.1 percent gain instead of the previously reported 0.5 percent rise. Economists polled by Reuters had forecast construction spending unchanged in September. Construction spending increased 2.0 percent on a year-on-year […]

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US Dollar at 3 Month High After Dovish ECB Awaits Fed and Jobs Report

US tax reforms advance as ECB avoids taper tantrum The US dollar is trading higher against all major pairs in a week with little data. The week ahead in markets will be full of indicators as well as political events that will impact markets. The Bank of Japan (BOJ) will release its monetary policy statement […]

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USD/CAD Canadian Dollar Lower After Oil Falters

The Canadian dollar depreciated on Thursday due to a report by the International Energy Agency that dampened the energy market’s optimism on demand growth. The IEA numbers put demand for Organization of the Petroleum Exporting Countries (OPEC) crude would be at around 32.5 million barrels which is 150,000 barrels below current production levels. The OPEC […]

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Japan US Trade Talks Scheduled for Next Week

Japanese Deputy Prime Minister Taro Aso and U.S. Vice President Mike Pence are likely to be at odds next week over U.S. calls to launch negotiations for a bilateral free trade agreement, Japanese government officials said Wednesday. A second round of the high-level economic dialogue, slated for Monday in Washington, comes as the United States […]

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Gold Lower After US PPI Rose in September

Gold prices ticked down as producer inflation pressures in the U.S. met expectations for September. Producer Price Index (PPI) rose 0.4% last month following an increase of 0.2% in August, the U.S. Labor Department said on Thursday. According to consensus forecasts, economists were expecting to an increase of 0.4%. The annual PPI advanced to 2.6% […]

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US Unemployment Claims Fall More Than Expected

The number of Americans filing for unemployment benefits fell to more than a one-month low last week as claims in Texas and Florida continued to decline after being boosted by Hurricanes Harvey and Irma. Initial claims for state unemployment benefits decreased 15,000 to a seasonally adjusted 243,000 for the week ended Oct. 7, the lowest […]

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New House Prices in Canada Rose Less Than Expected

Canadian new home prices rose less than expected in August as prices were unchanged in a number of markets, including the cities of Toronto and Vancouver, which have been the country’s hottest regions, Statistics Canada said on Thursday. The 0.1 percent increase in national prices from the previous month was shy of forecasts for a […]

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USD/CAD Canadian Dollar Higher Despite Disappointing Housing Data

The Canadian Dollar rose against the US dollar on Tuesday after markets in the two countries came back from holidays. The loonie got a boost from higher oil prices after the Organization of the Petroleum Exporting Countries (OPEC) continues to signal a willingness to extend its production cut agreement with other major producers and plans […]

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