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China Daily News Update for November, 19 2015

This daily digest will focus on new developments in China’s foreign exchange policy, changes in financial market regulations, and broader economic coverage in order to keep the DailyFX reader up-to-date on news typically covered only in Chinese-language sources. - The People’s Read More →

Messy Fed Says Don’t Stop Believing, Yet USD Takes a Dive

Talking Points - FOMC minutes were released yesterday, and in standard fashion, they said quite a bit without saying anything at all. But we may be headed for more confusion from the Fed. - While the world squarely focuses on that first Read More →

Buy the Dip in USD Viable as FOMC Minutes Provoke Profit Taking

Talking Points: - Weekly claims data shows US labor market chugging along. - USDOLLAR Index dip post-FOMC minutes hints at profit taking. - See the November forex seasonality report that forecasts US Dollar strength. The release of the FOMC minutes yesterday provided few surprises Read More →

US Dollar May Reverse Drop as Markets Rethink Fed Rate Hike Chances

Talking Points: US Dollar Drops as Fed Meeting Minutes Cast Doubt on December Rate Hike On-Coming Fed-Speak May Encourage Rethink of Imminent “Liftoff” Chances TrackEconomic Releases Directly on Your Charts with the DailyFX News App The US Dollar underperformed in overnight trade amid continued Read More →

Gold Future Price Is Cheaper than Spot as Fed Firms up on Rate Hike

Talking Points: Expectation of short-term gold price falls below spot as Fed’s hike becomes imminent Oil stays in range with added pressure from Cushing stock build Copper spirals to new 6-year low in line with faltering demand and strong USD Gold made a small Read More →

Dismal UK Retail Sales to Spur Another Test of GBP/USD Resilience

- U.K. Retail Sales Projected to Contract for Fifth Time in Last Ten-Months. - Will a Slowdown in Private-Sector Consumption Spur an Ongoing 8-1 Split Within the BoE? Trading the News: U.K. Retail Sales A 0.6% contraction in U.K. Retail Sales may dampen Read More →