The Krona appreciates to multi-week highs near 10.4200 vs. EUR. Risk-on sentiment supports the up move in the cross. The Swedish Krona is adding to yesterday’s gains and is now dragging EUR/SEK to the area of multi-week lows in the 10.4200 region. EUR/SEK targets the 5-day SMA at 10.4130 The cross is down for the
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UK casually strolling into final days without a deal There’s less than 10 days to go until the UK is meant to leave the European Union and despite the growing worry around Westminster, within there seems to be a severe lack of urgency. Not only has another vote on May’s deal this week been effectively
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The US dollar, which was trading subdued the past few days held steady ahead of the FOMC meeting today. The Fed will be releasing its economic projections and dot plot summary alongside the press conference. The US factory orders report released on Tuesday showed a 0.1% increase in January while durable goods orders rose 0.3%
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The college admissions scandal is coming at a bad time for higher education, which has already seen its reputation tarnished by other issues like student debt, said Sheila Bair, former president of Washington College. “I really hope colleges understand that their reputations are really on the line here. The public is losing faith and they
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FedEx misses on top and bottom after the close The US stocks are ending tghe session mixed.  The Dow and S&P ending the session lower (marginally). The Nasdaq ended higher (also marginally). All were well off the highs The S&P was nearly unchanged (down -0.37 points or -0.01%) at 2832.57. THe high reached 2852.42. The
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IBM fueled a Bitcoin and Stellar rally recently. On Monday, Big Blue announced that its Blockchain World Wire, a real-time global payments network for regulated financial institutions on the Stellar network, has expanded in more than 50 countries. IBM’s Blockchain World Wire global payment network has a couple of advantages over conventional global network payment
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Job vacancies fall Australia’s Westpac leading index came in flat in February, falling from an upwardly-revised +0.1% reading in January, despite firmer commodity prices. In addition, skilled vacancies in February fell 0.9% m/m, escalating January’s revised 0.5% decline. The Australian jobs markets has been one of the more robust parts of the domestic economy, registering
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Gold rose on Tuesday ahead of the U.S. Federal Reserve kicked off its March FOMC meeting. The US central bank is expected to remain dovish as it keeps its benchmark rate unchanged. The focus will be on the language on the statement and the words from Fed Chair Jerome Powell. The Fed quickly put the
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Oil prices fell on Tuesday after touching 2019 highs on Monday. US-China anxiety rose after reports of pushback form China on the US trade demands. The dispute between the two largest economies has been the biggest factor impacting global growth. Oil prices have risen thanks to the efforts of the OPEC+ how agreed to keep
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