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Es la semana de los bancos centrales, con muchos de los principales reuniendo para determinar su política monetaria. Lo interesante es que la percepción es que todos están en una carrera hacia el fondo en sus tasas, y están esperando a algún otro para tomar la iniciativa. Se espera bastante volatilidad en el mercado de
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Bollinger bands are a price channel comprised of three bands that contain price action. The middle band represents the mean price of the last selected periods, usually 20. The upper and lower bands are almost always two standard deviations away from the mean. In its simplest form, the middle band is a moving average that
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It’s central bank week and most of the majors are scheduled to decide on policy. The consensus is that they are in a “race to the bottom” with rates, and are just waiting for each other to pull the trigger. So, needless to say, it will be an interesting time for the currency markets! Let’s
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The Pound Sterling came under pressure after inflation data showed an unexpectedly greater decline than analysts had predicted. The Office of National Statistics reported that CPI in August was at 1.7%, below the 1.9% that had been called for and the 2.1% reading of the previous period. On the whole, inflation prices were down, in
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The European Commission President Jean-Claude Juncker said that there is a “palpable risk” of a no-deal outcome when discussing the Brexit during a debate in the European Parliament. When referring to the talks he held with Britain’s Prime Minister he said that they were “friendly, constructive and – in part – positive,” though he doesn’t
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Gold Price Technical Outlook: Gold remains capped by 2011/12 levels Rising channel line keeping supported H&S formation near trigger point For an intermediate-term fundamental and technical viewpoint, see the Gold Forecast. Gold remains capped by 2011/12 levels Long-term resistance from the 2011/12 topping process (1422/1475) has been a major headwind for over a month now,
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Chinese negotiators have arrived in Washington for preliminary meetings ahead of the next round of scheduled trade talks due to take place in October. Chinese state media reported mid-week that Chinese Vice Minister of Finance Liao Min was in Washington. He will be heading up a vice-ministerial delegation discussing trade and economic issues with US
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The Federal Reserve announced an overnight repo operation on Tuesday night, effectively introducing $53.15 billion of cash into the U.S. banking system, a move not used in over ten years. Another repo operation is expected later Wednesday, to the tune of $75 billion. The move came as lending declined as a result of large payments
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USD/PHP, USD/SGD, USD/MYR, USD/INR Talking Points US Dollar consolidating versus Philippine Peso and Indian Rupee Singapore Dollar may depreciate if USD/SGD rising support holds Did the Malaysian Ringgit experience a false breakout versus USD? Trade all the major global economic data live as it populates in the economic calendar and follow live coverage for key
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Mañana es un día bastante agitado en el calendario económico, con datos importantes desde Europa y América. Aquí nos enfocaremos en los datos inflacionarios del Reino Unido y Canadá, que son casos interesantes. A medida que los otros bancos centrales del mundo está inclinándose hacia el relajo en las políticas fiscales, estos dos países se
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Tomorrow is a pretty busy day on the economic calendar! Key data is coming out both in Europe and the Americas. Here we’ll be focusing on inflation data from the UK and Canada. As most central banks around the world are heading towards an easing bias, if not outright rate cuts, these two countries have
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USD Waiting Game The US dollar remains in the green today ahead of tomorrow’s FOMC meeting though the market is widely expecting the Fed to ease by a further .25% in line with commentary from Powell and other policymakers since the last meeting. Optimism around US/China trade negotiations offers some risk to this view though.
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