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Jackson Hole Talking Points: Fed Chair Jerome Powell’s speech behind closed doors at the Jackson Hole Economic Policy Symposium has neither surprised nor disappointed market participants. In saying “we will act as appropriate to sustain the expansion,” Fed Chair Powell has more or less confirmed that markets are correct in anticipating another rate cut in
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Stavros, Head of Investment Research at Orbex, is a certified investment professional that has been involved in the FX markets as a trader and analyst for nearly 5 years. He covers both fundamental and technical aspects of trading with a specialization in core institutional trading strategies. As an engineer by trade, his analytical mind allows
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USD Retains FOMC Minutes Boost The US dollar continues to trade to the upside over the final European session of the week. The FOMC minutes released on Wednesday saw market pricing for a rate cut in September reduced. Over the final trading day of the week, the focus is on Fed Chairman Powell who is
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SHAWNEA ROSSER earned upwards of $29 an hour when she worked for General Motors in Dayton, Ohio. But in 2008 the factory closed. Years later the building was bought by Fuyao Group, a Chinese multinational company that makes glass. The new American managers promised that the “historic” project would “give people jobs, and give a
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Luego en la noche podríamos tener los datos económicos más importantes de la semana, e importantes indicadores de cómo evolucionará el dólar en el futuro. A diferencia de otros países, Nueva Zelanda lleva seguimiento a las ventas minoristas semestralmente, y tenemos que usar otros datos en el entretanto para entender la evolución de la demanda
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French Prime Minister Emmanuel Macron warned his British counterpart against the Brexit on Thursday, saying that the UK could become a United States vassal state. He also said that reopening the negotiations concerning the Irish Backstop is not an option. “Can the cost for Britain of a hard Brexit — because Britain will be the
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Overnight, we could get the most important economic data from New Zealand for the week. And an important indicator of what we might expect for their dollar in the future! Unlike most other countries, the Kiwis track retail sales only on a quarterly basis. So we have to use other data as proxies to get
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USD Firmer Following FOMC Minutes The US dollar has been a little firmer over the European morning on Thursday following the FOMC minutes yesterday. The minutes revealed little in the way of new information, though did show that “most” members agree that the July rate cut was a mid-cycle adjustment. Consequently, pricing for a September
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Though higher against the greenback currently, currency analysts expect to see increasing volatility for the Pound Sterling as all avenues to a soft Brexit appear to close on the Prime Minister. FX markets are growing increasingly skeptical that Boris Johnson will be able to reopen negotiations. The French President has already ruled out further talks
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Euro Price Analysis and Talking Points: Italian Political Roadmap PM Conte Resigns, President Mattarella Looking for New Government Italian Political Scenario (New Government or New Elections) See our quarterly EUR forecast to learn what will drive prices throughout Q3! Italian Political Roadmap Source: DailyFX PM Conte Resigns, President Mattarella Looking for New Government Following the
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Its been another frustrating week for crude traders given the initial rally in the market, and subsequent retracement lower. Oil was boosted mid-week by the latest industry reporting which showed an unexpected drawdown in US crude stocks. The Energy Information Administration’s report, covering the week ending August 16th, showed US crude stores falling by 2.7
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APAC Stocks, Talking Points: Indexes were mixed with only the ASX conclusively in the green Japanese manufacturing missed expectations again, while the Fed’s latest policy meeting minutes were parsed The US Dollar was supported, its New Zealand counterpart not so much Join our analysts for live, interactive coverage of all major economic data at the
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EURO CURRENCY VOLATILITY IN FOCUS AHEAD OF EUROZONE PMI DATA Euro price action will likely turn to August Eurozone PMI numbers from Markit on Thursday as forex traders weigh their potential impact on future ECB monetary policy decisions EURUSD, EURGBP, EURJPY, EURAUD and EURCAD overnight implied volatility measures all tick higher ahead of the Eurozone
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