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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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August 17, 2015
06:55 EDTFX Update: EUR-USD dipped to a five-day low
FX Update: EUR-USD dipped to a five-day low in making 1.1062, subsequently recouping to the 1.1100 area but remaining moderately net lower on the day, while USD-JPY breached Friday's 124.53 peak in making 124.57. The moves reflected ongoing dollar firmness following the set of mostly-encouraging data out of the U.S. on Friday, which put a September Fed hide back in the cross hairs. Asian currencies continued to underperform, particularly the Malaysia ringget, which hit a new 17-year low, even though the PBoC set the reference rate for the CNY fractionally firmer than Friday. The Bloomberg JPMorgan Asia Dollar Index was down for a fifth straight day. Equity markets were mixed in Asia and firmer in Europe. Japan's Q2 GDP fell a seasonally adjusted 0.4% q/q, slightly above the -0.5% medina forecast, while Q1 was revised up 0.1 percentage point to 1.1%. The data showed weakness to be broad-based, however, maintaining market expectations for more BoJ easing as soon as October. Cable briefly bucked the firmer dollar theme, edging out a near three-week high of 1.5688 on what seemed to be relatively hawkish remarks from BoE MPC member Forbes, which were more balanced on closer inspection. Cable ebbed some 50 pips lower, back to the 1.5640 area.
06:09 EDTOn The Fly: Morning Wrap-Up for August 17
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05:48 EDTAugust front month equity options last day to trade is August 21, 2015
03:05 EDTFX Update: The dollar continued to firm
FX Update: The dollar continued to firm in the wake of set of mostly-encouraging out of the U.S. on Friday, which put a September Fed hide back in the cross hairs. Asian currencies continued to underperform, particularly the Malaysia ringget, which hit a new 17-year low, though the PBoC set the reference rate for the CNY fractionally firmer than Friday to mark a second consecutive trading day of stabilization following last week's three consecutive daily devaluations. The Bloomberg JPMorgan Asia Dollar Index was down for a fifth straight loss. Equity markets in Asia were mixed. USD-JPY was slightly firmer as London markets opening, at 124.39 bid after a narrow range, with Friday's high at 124.45 unchallenged. Japan's Q2 GDP fell a seasonally adjusted 0.4% q/q, below the -0.5% medina forecast, though Q1 was revised up 0.1 percentage point to 1.1%. The data showed weakness to be broad-based, with consumer spending still reeling from last year's sales tax hike, down 0.8% q/q. The data maintains market expectations for more BoJ easing as soon as October. Elsewhere, EUR-USD dipped below Friday's low in making 1.1082. Cable bucked the firmer dollar theme, edging out a near three-week high of 1.5675. AUD-USD was near net unchanged at 0.7375 bid.
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