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USD/CAD: Trading the Canadian 2Q GDP Report
As economic activity in Canada is expected to expand for the fourth consecutive quarter, the 2Q GDP report could lead the USD/CAD to retrace the advance from earlier this month as investors expect the central bank to normalize monetary policy further in September.
Read more...Dollar Advances for the First Time in Four Days as Speculative Uncertainty Crowds Out Positive Data
Following a run of three consecutive daily declines against its benchmark euro counterpart through Friday, the US dollar snapped is losing streak with a steady and encouraging rally.
Read more...Guest Post:Defeating Demon Deflation
Defeating Demon Deflation Submitted by Machinehead , of Chris Martenson.com Since early April, the yield on 10-year Treasury notes has dwindled from 4.0% to below 2.5% on August 24th. Meanwhile, the 12-month change in the Cleveland Fed's median CPI has hovered feebly between 0.5% and 0.6% since March. These abnormally low interest and inflation rates are fanning fears of renewed GDP ...
Read more...Gold Seeker Closing Report: Gold and Silver End Mixed and Near Unchanged
Gold climbed to as high as $1244.20 in London , but it then fell back off for most of the rest of trade and ended with a loss of 0.28%. Silver rose to as high as $19.151 before it also fell back off, but it still ended with a gain of 0.21%.
Read more...USD/CAD: Trading the Canadian Retail Sales Report
A rebound in private consumption is likely to encourage an improved outlook for Canada, and the data could spark speculation for a rate hike in September as the economic recovery gathers pace.
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