U.S. Factory Orders falls more-than-expected

U.S. factory orders fell more-than-expected last month, official data showed on Thursday. In a report, US Census Bureau said that U.S. Factory Orders fell to a seasonally adjusted -4.0%, from 1.9% in the preceding month whose figure was revised down from 3.0%. Analysts had...

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ISM Non-Manufacturing PMI rises less-than-expected

The Institute of Supply Management non-manufacturing purchasing managers’ index rose less-than-expected in the last quarter, official data showed on Thursday. In a report, Institute for Supply Management said that ISM Non-Manufacturing PMI rose to a seasonally adjusted annual...

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Forex - EUR/USD down on U.S. data

The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. EUR/USD was trading at 1.3058, down 0.05% at time of writing. The pair was likely to find support at 1.3032, Monday’s low, and resistance at 1.3242, Wednesday’s high. Earlier...

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Forex - EUR/USD up on economic data

The Euro was higher against the U.S. Dollar on Friday after the release of euro zone data on PPI.EUR/USD was trading at 1.3121, up 0.43% at time of writing.The pair was likely to find support at 1.3032, Monday’s low, and resistance at 1.3242, Wednesday’s high.Earlier in...

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Stephen Poloz named new Bank of Canada governor

The Bank of Canada has appointed Stephen Poloz as their new Bank of Canada governor. Mr. Poloz, who up until now held the position of chief executive of Export Develoment Canada, the export credit agency, will be replacing Mark Carney, after the latter moved on to take new...

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