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ForexForexLive

Canada July GDP 0.0% vs 0.0% expected

Prior was +0.3% m/m (revised to +0.4%) August preliminary reading +0.2% July construction +1.3% Utilities +1.7% Manufacturing -0.9% on refinery outages Retail trade -1.0% led by -3.5% at gasoline stations Wholesale trade -0.4% This is a good reading considering the revisions that make for a very strong June number and the positive flash estimate for August that's based on better mining and retail…

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Oil prices dip as Trump backs potential Russia sanctions relief

Oil prices dipped briefly after The Atlantic reported that President Trump supports a plan to exchange the release of political prisoners for sanctions relief. The initiative, led by Trump's envoy John Coale, is still in its early stages, and Trump had reportedly expressed support for the concept several months ago. The headline matters for the oil market because any credible prospect of easing…

ForexForexLive

investingLive European news wrap: US-Iran talks keep markets tentatively optimistic

Headlines: Zcash remains supported by idiosyncratic catalysts, but macro headwinds limit further gains. What's next? Euro area economic sentiment slips in September as inflation expectations rise Silver remains at risk of further downside as US-Iran talks take centre stage AUD/USD risks bigger breakdown below 0.7000 as RBA rate hike fails to lift aussie Ethereum is coiling for a breakout amid…

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