Economic Data

DAX Index Daily Fundamental Forecast – July 28, 2017

The DAX index continued to stay weak but the bulls are trying hard to make a stand here and reverse the overwhelming sentiment. The trigger for the move in the markets yesterday was strength in tthe US economic data which brought into the view again, the possibility of another rate hike in the US sometime this year. As it is ...

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Dollar loses momentum; US GDP awaited for potential support

Tokyo, July 28:   The dollar dipped against its major peers on Friday, its mild bounce earlier petering out ahead of the second quarter US economic growth data due later in the session. The dollar index against a basket of six major currencies was a shade lower at 93.826 after edging up 0.2 per cent the previous day. The greenback, which ...

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Dollar stalls after bounce, US GDP awaited for potential support

Dollar bulls have not had much to cheer about recently, hobbled by investigations into U.S. President Donald Trump administration’s ties to Russia and the reduced likelihood of tax reform and infrastructure spending being enacted soon. “The dollar’s fall after the Fed meeting looked overdone, so it was natural for it to rebound,” said Yukio Ishizuki, senior currency strategist at Daiwa ...

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Japanese economic data out today looked pretty good

The Japanese economy is looking pretty good in 2017, with readings on inflation, unemployment and household spending all performing well in June. On the prices front, core consumer price inflation (CPI), which excludes fresh food prices, grew by 0.4% in the year to June, a result that was in line with expectations and unchanged from the level recorded in May. ...

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Yen gains on solid jobs, household spending data By Investing.com

Yen up in Asia Investing.com – The yen gained in Japan on Friday with data supporting the currency on consumer prices and unemployment. changed hands at 111.12, down 0.12%, while traded at 0.7970, down 0.04%. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.51% to 93.73. In Japan, household spending jumped ...

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US dollar bounces back after hitting long-term lows, bolstered by US data, Banking & Finance

[NEW YORK] The US dollar rallied on Thursday after solid US economic data, bouncing back from months- and years-long lows plumbed in early trading that followed Wednesday’s Federal Reserve policy statement. Data released on Thursday showed US durable goods orders rose more than expected last month and a fifth straight monthly increase in shipments suggested that business spending on equipment ...

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BOND REPORT: Treasury Yields Rebound On Raft Of Solid Economic Data And AT&T Debt Deal

Strong economic data backs second-quarter GDP boost Treasury yields rose on Thursday as a spate of solid economic data lifted growth and inflation expectations, which could invigorate second-quarter gross domestic growth figures, strengthen the case for monetary tightening (http://www.marketwatch.com/story/gdp-estimates-for-second-quarter-come-tumbling-down-2017-07-14). Investors also prepared for a bumper bond offering from AT&T Inc. as money managers sold Treasurys to make way for corporate ...

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