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Market Updates

EncoreFX’s daily market updates are written by our experienced and professional currency market team.

US Jobless Claims Reach Historic High | Russia Calls for New Oil Deal

US jobless claims skyrocketed to more than 3.2 million last week, which is by far the highest on record.  Despite…

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Dollar Weaker Ahead of Jobs Data | Bank of England to Hold Rates

The US dollar is in decline again this morning ahead of what is expected to be the highest US jobless…

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US Lawmakers Agree to Massive Stimulus Deal | Canadian Jobless Claims

US Senators were finally able to reach a fiscal stimulus deal yesterday that will inject $2 trillion into the economy…

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Fed Unleashes Unlimited QE | Disastrous PMIs Send Ominous Sign

Yesterday morning the Federal Reserve unveiled fresh stimulus packages to inject liquidity into the system and stabilize the credit market,…

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No Deal yet on US Stimulus | King Dollar Continues to Dominate

As the global economy comes to a jarring halt, governments around the world are scrambling to inject fiscal stimulus into…

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Canadian Retail Sales Report Due | Stock Markets Roar Back

This morning, the Canadian dollar strengthened against the greenback and was trading at 1.4316. On Thursday, the Canadian dollar weakened…

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Currency Carnage Continues | Crude Sinks to 18-Year Low

Global currency rout continues as central banks and governments recently announced fiscal and monetary stimulus to revive the economy against…

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Trudeau to Unveil Stimulus Package | Canadian Inflation Report in Focus

The Canadian dollar is expected to make a minor advancement against the counterparts, as Canadian inflation data is released this…

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US Retail Sales Report in Focus | German ZEW Sentiment Disappoints

The Canadian dollar weakened further and rose to its highest level since January 2016 at 1.4135. The weakness was mainly…

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Bank of Canada, Fed Cut Rates & Launches QE | Global Markets Tumble

The Bank of Canada cut interest rates by half a percentage point to 0.75 percent from 1.25 percent in a…

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ECB Surprises Markets | Stocks Plunge as Virus Fears Intensifies

On Thursday, the European Central Bank President Christine Lagarde surprised the markets by not cutting the rates amid the coronavirus…

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FX Volatility Goes Parabolic | Global Stocks Tumble into Bear Market

The Deutsche Bank Currency Volatility Index, a measure of 3-month implied volatility in major currency pairs, has exploded since late…

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UK Gets Double Dose of Stimulus | Volatility Continues as Uncertainty Mounts

The Bank of England announced a 50-basis point emergency rate cut this morning for the first time since the 2008…

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