GO Daily News

Soft U.S Retail Sales report shifts balance in favor of Fed stimulus; Bernanke testimony in focus
July 17, 2012

After looking decidedly vulnerable in early European trade, risk currencies sprung back to life in the ensuing period of the U.S retail sales release overnight. Retail sales fell 0.5 percent in June falling short the 0.2 percent rise expected to notc...

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Global markets rebound as Chinese growth data alleviates hard-landing fears
July 15, 2012

After a week of conjecture and innuendo, China’s official GDP release provided a degree of solace across global markets on Friday, recording annual growth of 7.6 percent in the second quarter. While we’ve learnt China’s growth may not be the gr...

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A$ slides ahead of key Chinese data
July 13, 2012

The Aussie dollar led risk currencies lower overnight with a series of negative themes weighing heavily on high-beta assets. The local unit began a steep decline after yesterday’s employment data which showed the Australian labour force decreased b...

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