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Employment in Cana will experience growth at a very slow rate.

Next Friday, the official work report for July is expected in Canada. Experts at RBC Capital Markets anticipate a positive change in work of 400K, beneath advertise accord of 653K. Key Quotes: "Canadian work showcases most likely kept on looking somewhat better in July. Despite the fact th

Forex Today: Dollar sell-off seems unstoppable, data, stimulus talks, end-of-month flows in play

Here is what you need to know on Friday, July 31: The US dollar has been extending its sell-off, falling to multi-month or multi-year lows against major currencies. Historically low GDP, the Fed's readiness to do more, uncertainty about fiscal stimulus, and another rise COVID-19 deaths are in play.

Dollar Extends Slide Against Peers On Weak Economic Data

The U.S. dollar drifted lower on Thursday, losing ground again other major currencies, hurt by data showing a record drop in U.S. Gross Domestic Product in the second quarter. A report showing an increase in unemployment claims in the week ended July 25th contributed as well to dollar's decline. D

Wall Street Sees Red

Gross Domestic Product for the second quarter and the weekly jobless claims might be the focus on Thursday. The unremitting surge in COVID -19 infections across the globe continues to dampen investment sentiments. Trading on Thursday may be impacted by reaction to report as well as a preliminary

Hong Kong Stock Market May Extend Thursday's Losses

The Hong Kong stock market on Thursday ended the two-day winning streak in which it had advanced almost 280 points or 1.2 percent. The Hang Seng Index now rests just above the 24,710-point plateau and it's expected to see continued consolidation on Friday. The global forecast for the Asian markets

AUD/USD: Chances to break the 0.72 mark while above 0.71

AUD/USD recovered some ground on Monday, ending the day not far below a daily high of 0.7149. Today, the aussie is on the back foot, trading around the 0.7130 mark, down 0.2% on a day. The pair is neutral-to-bullish in the short-term and could break through 0.7200, Valeria Bednarik, Chief Analyst at

EUR/USD is through the 1.1815/33 12-year resistance line and targets 1.2635 – Commerzbank

At the time of writing, the EUR/USD pair rises 0.30% to trade at 1.1881 and Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, targets the 200-month ma at 1.2635 as the pair has gone through tough resistance at 1.1815/33. Key quotes “EUR/USD is through tough resistance at 1.1815
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Swiss Market Ends Sharply Lower

The Switzerland stock market ended sharply lower on Thursday, in line with the trend seen across global markets, amid rising worries about the economic impact of the coronavirus pandemic. The overall mood was so bearish due to mounting concerns about growth outlook that stronger-than-expected firs

European Stocks Close Sharply Lower On Growth Worries

European markets ended sharply lower on Thursday as stocks plunged due to a heavy sell-off as worries about the impact of the coronavirus pandemic mounted after data showed a sharp contraction in U.S. GDP, and on the Federal Reserve's weak outlook for the economy. A slew of disappointing earnings

European Shares Seen Tad Higher After Fed Decision

European stocks are set to open a tad higher on Thursday after the U.S. Federal Reserve sent a more dovish message at the July meeting. Asian markets advanced on hopes of fresh policy easing measures from central banks, though an impasse in U.S. economic negotiations and another record day for co

Bank of England to Add CBDC Support to New Payment System

Photo: Bloomberg, Bank of England The Bank of England (BoE) is making its new payment settlement infrastructure compatible to support transactions with central bank digital currency (CBDC). The update by the crypto-centric news website Coindesk followed the central bank’s official announcement on

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