Asian stocks mostly higher following data deluge; Nikkei down 0.71%

Most Asian bourses traded higher Friday following a raft of regional economic data points.  In Asian trading Friday, Japan’s Nikkei 225 fell 0.71% after the Statistics Bureau said that Japan’s core consumer price inflation was 0.7% last month after reading 0.4% in June....

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Likelihood of military action in Syria before mid-September is limited

The Dollar Index moved higher overnight as the Greenback piled on more gains, despite other asset classes pulling back from yesterday’s extremes. Concerns that foreign governments may soon intervene in Syria, which fueled yesterday’s flight from risk, look to have...

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EUR/USD Crash: 3 Reasons

The euro is finally moving and moving down, with EUR/USD making a big fall, after showing a lot of strength. What is behind the fall? Here are 3 reasons and a look at the next levels ahead. First, let’s see this fall on the chart: Reasons German weakness: The German locomotive...

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Forex Trading Signal for 30th August 2013

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U.S. stocks open moderately higher after strong data; Dow Jones up 0.15%

U.S. stocks opened moderately higher on Thursday, after the release of positive U.S. economic growth and jobless claims data sparked fresh hopes that the nation's recovery is on track, signalling that the Federal Reserve could soon taper its stimulus program.  During early...

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Forex Trading Signal for 29th August 2013

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Gold remains lower after upbeat U.S. GDP, jobless claims data

Gold futures remained lower on Thursday, after official data showed that the U.S. economy grew more than initially expected in the second quarter, fuelling speculation the Federal Reserve will taper its bond-buying program next month. Gold traders have closely been looking...

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Dollar rallies after upbeat U.S. data

The dollar rallied to session highs against the other major currencies on Thursday after reports showed that U.S. second quarter growth was revised higher and jobless claims fell, indicating that the recovery is on track. During European afternoon trade, the dollar hit fresh...

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U.S. initial jobless claims fall by 6,000 to 331,000 last week

The number of people who filed for unemployment assistance in the U.S. fell more-than-expected last week, hovering near the lowest level since October 2007, official data showed on Thursday.  In a report, the U.S. Department of Labor said the number of individuals filing...

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U.S. Q2 GDP revised up to 2.5% from 1.7%

The U.S. economy grew faster-than-initially expected in the second quarter of 2013, fuelling optimism over the economic outlook, revised data showed on Thursday. In a report, the Bureau of Economic Analysis said gross domestic product increased at a seasonally adjusted annual...

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Forex - Pound slips lower vs. dollar ahead of U.S. data

The pound slipped lower against the dollar on Thursday, as investors looked ahead to data on weekly U.S. jobless claims and revised data on U.S. second quarter growth later in the session. GBP/USD hit 1.5497 during European afternoon trade, the session low; the pair...

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