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AS RECENTLY AS a week ago, a big transatlantic bust-up seemed inevitable, with the annual meeting of the World Economic Forum at Davos in Switzerland the most likely boxing ring. America had taken offence at France’s digital-services tax, which hits the likes of Amazon, Facebook and Google, on the ground that it discriminates against American
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The current XAUUSD structure hints to a bullish impulse consisting of primary waves ①-②-③-④-⑤.  The first four parts of the 5-wave move look fully complete, whereas wave ⑤ is still under development.  Wave ⑤ consists of intermediate impulse waves (1)-(2)-(3)-(4)-(5).  Wave (2) could be ending its correction shortly, which suggests that bulls could continue to
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USD Breaks Resistance The US dollar has been firmer over the last 24 hours with the USD index breaking above the 97.42 level yesterday. For now, momentum has stalled and price is sitting just above this level. The absence of any key US data this week means that moves have been light. However, USD sentiment
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The Coronavirus keeps spreading, weakening Aussie despite the upbeat jobs numbers. Technicals indicate that Aussie and Euro move hand to hand, with the former falling following a ‘holding’ ECB! Pound on the other hand, does relatively well as rate cut expectations diminish! Will it continue long? Stavros, Head of Investment Research at Orbex, is a
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The head of the European Central Bank told reporters on Thursday that downside risks continued to be a concern to the central bank, which market players viewed as a more dovish tone than had originally been anticipated. Christine Lagarde pointed out that the ECB’s attempts to meet target inflation had failed and that the main
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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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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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WHEN ANNA SCOTT left her Honda Jazz in a commuters’ car park outside Oxford on January 10th, she had little reason to think that criminals would take an interest in the 12-year-old car. Yet the next afternoon a group of shifty characters were spotted sawing off its catalytic converter. Such incidents have become more frequent
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Fully Grown: Why a Stagnant Economy is a Sign of Success. By Dietrich Vollrath. University of Chicago Press; 296 pages; $27.50 and £20. BETWEEN 1950 and 2000, GDP per person in America grew at an average annual rate of 2.3%. In 2000-18 that pace fell by roughly half. Often this slowdown—also seen in other rich
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THERE IS NOTHING that maddens online shoppers more than seeing air fares rocket just as they are about to click “buy”. Yet price turbulence may be an even bigger headache for airlines. Whereas carriers have some control over fares, these can be buffeted by surges in supply or demand, caused, say, by economic slumps or
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The Swiss National Bank chairman Thomas Jordan said during an interview with Bloomberg TV that the bank doesn’t engage in currency manipulation through foreign currency purchases. “We do not manipulate the currency, but we have to intervene to steer monetary conditions in Switzerland,” he told Bloomberg TV during the Davos Economic Forum annual meeting, “We
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Dollar Holding Below Resistance The US dollar has been fairly stagnant over the last 24 hours. The lack of any key US data this week has created an absence of directional drivers which has seen the USD index remain in consolidation mode just below the recent 97.42 resistance level. Some weakness in equities over the
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The Pound Sterling had earlier recovered from a 1-month trough against the common currency Euro of the previous session, as this week’s economic data reduced the likelihood that the Bank of England will cut interest rates at the upcoming policy meeting. Money markets are now pricing in a 50% likelihood of a rate adjustment; on
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MUMBAI’S CHEFS were quick to spot the latest threat facing India’s economy. As they foraged for ingredients in Crawford market, where hawkers sell fruit, vegetables and other kitchen staples, they began hearing prices quoted not per kilogram, but per quarter-kilo—a forlorn attempt to mask price increases. Returning from a recent shopping spree, one prominent chef
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