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New EU proposal For Euro Clearing Not As Bad As Feared

Financial analysts state that the recently released EU proposal for euro clearing might result in greater control for Europe but has eased concerns that the €1trillion (£880 billion) a day business would need to be shifted fully to a European

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UK Consumer Spending Falls For First Time In Nearly 4 Years

Recent data suggests that British consumers are slashing their spending for the first time in almost four years, underscoring worries of a slowdown in the economy. Based on a report from IHSMarkit and Visa, consumer spending was down 0.8 percent

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Poor trade surplus turns the Aussie weaker

After falling nearly 500 pips against the Swiss Franc in the last two months, the AUD/CHF pair is trying to gain back the lost turf. The reversal was also supported to a certain extent by the Australia’s first-quarter GDP growth

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Aussie signals downtrend on macro-economic issues

On the basis of the RBA’s mild hawkish tone in the monetary policy statement issued in May, we had forecasted a rally in the AUD/USD pair, with entry and exit near 0.7380 and 0.7510, respectively. Additionally, we had also expressed

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US Taxpayers Put Off Tax Payments In Anticipation of Overhaul

The U.S. government is said to be facing a cash crunch as a result of wealthy individuals and businesses choosing to postpone their tax payments in the hope that the Trump administration will soon announce the promised big tax cuts.

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