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Forex Flash: US growth expected to accelerate in 2014 – Goldman Sachs

According to the Economics Research Team at Goldman Sachs, “We expect below-trend annual growth of +1.8% in 2013 and an acceleration to +2.9% in 2014. Growth should then remain slightly above that rate in 2015 and 2016. On an annualized sequential basis, we expect a rebound to +2.3% in 2013Q1 and a slowdown to +1.5% and +2% in 2013Q2 and Q3, before a pick-up to +2.5% in the last quarter of the year.”

Looking into 2014 and beyond, we expect above-trend growth at around +3%-3.5%. “Our forecast for near-term weakness but long-term strength is based on competing impulses from the private and public sectors. In Q2 and Q3, we expect the frontloaded ‘sequester’ to be a significant drag on growth, while in the intermediate and long term we see further strength in the private sector, led by the ongoing housing recovery, rising business investment and financial rebalancing in the household sector.” the team adds.

Forex Flash: USD is a 'heads I win, tails you lose' case; Rally to continue short term - HSBC

Since the 16-month high of 1.3710 reached February 1st, the EUR/USD has lost 800 pips to today's low of 1.2910. The pair turned negative on the YTD chart and currently it is trading 1.66% down on 2013.
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Forex: USD/CAD collapses below 1.0230 on refinery plans

After attempting to recover from 1.0250 and testing the 1.0275 level, the USD/CAD has been rejected at this price and currently it is falling hard to break below March 8th lows at 1.0230. The Canadian dollar is being fueled by news from a new refinery in the west coast that should propelled its national accounts by $1.6 billion per month.
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