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Pound plummets on Brexit resignations

Thursday November 15: Five things the markets are talking about Earlier this morning U.K Brexit Minister Dominic Raab resigned, a day after PM May’s Cabinet agreed the wording of a post-Brexit trade deal between the U.K and the E.U. Raab said he could not support, in good conscience, his former leaders deal. Sterling was immediately…

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Aussie surges on strong jobs data

  Jobs growth beats estimate Australia added a net 32,800 jobs in October, beating estimates of a 20,000 increase. Adding emphasis to the headline, 42,300 full-time jobs were added, the most since February, with a loss of 9,500 part-time jobs. Unemployment held steady at 5.0% despite an uptick in the participation rate to 65.6% from…

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Looking for the elusive silver lining.

Markets Oil Gold G-10 EM FX Asia Bitcoin Markets U.S. stocks fell for a fifth straight day as investors remain bewildered by the political ping-pong match around Brexit.More questions about NAFTA 2. While trade jitter has everyone on edge as the doomy global economic growth narrative continues to take root. Other than the carnage in…

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Sterling braces for wild moves after cabinet meeting

Wednesday November 14: Five things the markets are talking about European stocks have started today’s session deep in the ‘red,’ beating losses in Asia overnight and U.S futures, as the market considers the ongoing rout in oil market and a mixed bag of data on China’s economy and the latest trade developments. Crude oil prices…

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Dollar Unstoppable Ahead of Inflation and Retail Sales OANDA Market Beat Podcast

OANDA Senior Market Analyst Alfonso Esparza reviews the major upcoming market news, macro analysis and economic indicator releases that will impact currencies, stocks other asset classes. Subscription available on iTunes https://goo.gl/TZEWRW and GooglePlay https://goo.gl/cRBk39. Tune in every Tuesday and don’t miss a beat as we cover the hottest trends impacting the markets in the week…

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Yuan Proxies becoming popular

China bears are shorting yuan proxies, as risks of central bank intervention loom large with the currency edging toward its decade-low again. “I can’t help but be bearish on the Aussie, which is the most liquid proxy to express China risks,” said Stephen Innes, head of trading for the Asia Pacific at Oanda Corp. in…

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