forex and stocks

forex and stocks

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GBP/USD regains poise, back above 200-DMA

FXStreet (Mumbai) – Sterling regained poised after an initial wobble, taking the GBP/USD back above its 200-DMA at 1.5332. Sterling cheers services output figureThe weaker-than-expected GDP was countered by the rise in the services activity figure, which forms a major part of the UK economy. ConsequSee Original Article

EUR/USD Flag Break Hinges on US Data, FOMC Tomorrow

Meanwhile, EUR/AUD has maintained its break, while EUR/GBP pauses after a weaker than expected Q3’15 UK GDP report.
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UK GDP slows more than expected in Q3

FXStreet (Mumbai) – The preliminary estimate of the third quarter UK GDP released by the Office for National Statistics (ONS) showed the economy expanded 0.5% q/q, missing the estimate of 0.6% and down from the previous figure of 0.7%. Year-on-year, third quarter GDP growth also came in at a slightlSee Original Article