Fed is expected to keep rates low and to raise economic forecasts
The US Federal Reserve ends its two-day September policy meeting today, and the market will be looking for more details about the central bank’s new policy strategy, unveiled last month at the Jackson Hole symposium.
There, the central…
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Rising risk sentiment drives the greenback towards Aug lows
The pair extends steep fall into second day, turning focus towards August lows at 105.20/10.
Rising risk sentiment was boosted by upbeat Chinese, German and US data, sending the greenback sharply lower against yen.
The greenback…
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Oil price rise as hurricane approaches US Gulf Coast but concerns demand recovery persist
WTI oil jumped almost $1 during European session on Tuesday as hurricane Sally approached the US Gulf Coast on Tuesday morning.
This is the second storm in less than a month to threaten the region and cause disruptions in refineries and…
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Aussie rises after RBA, strong Chinese data
The Australian dollar advanced to the highest in nearly two weeks on Tuesday, lifted by rising risk sentiment and RBA minutes.
In minutes of its September meeting Australia’s central bank stated it will maintain highly accommodative…
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Recovery looks for retest of daily cloud top after being boosted by better than expected UK jobs…
Cable keeps positive tone in European trading on Tuesday after UK jobs data showed better than expected results.
Although the unemployment rose to the highest since Oct 2018 (4.1%, in line with expectations) small drop in employment and…
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British parliament votes for Johnson bill
British PM Johnson’s new plan – which breaches the existing Brexit treaty and is in collision with international law – won initial approval in the UK parliament on Monday.
According to Johnson, the plan is essential to counter threats…
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The dollar falls sharply on renewed risk mode and expectations for dovish Fed
The pair accelerated lower on Monday, with 0.5% daily loss seen so far and on track for the worst day since 28 Aug.
Bears were boosted by break of last week’s low (105.79) and the base of thick daily cloud (105.65) with today’s close…
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Reversal pattern is forming on daily chart but Brexit turmoil continues to weigh
Cable rose one full figure on Monday, lifted by fresh risk sentiment on hopes for coronavirus vaccine.
Today’s rebound is on track to complete reversal pattern on daily chart, but such action was not justified by technical studies.
Rising…
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