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Japan Q2 economy contracts

The Japanese economy contracted for the second quarter in a row this morning as their GDP posted a negative figure

By Richard Nehme | Aug. 17, 2015 10:09 BST
Euro continues to benefit from weaker USD
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EUR/USD encountered very little movement during Friday’s trading session, with the pair trading within a 40pip range for much of the day. That remained the case until the release of the ECB bailout proposal, where the pair lost 0.4% upon the announcement. This was most likely a case of ‘buy the rumour, sell the fact’ as the market erased half the gains made in the previous session. The pair trades at 1.1067 this morning [...]

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