Euro rebounds against greenback According to the Federal Reserve’s proposed inflation measure, the personal consumption expenditures price index (PCE) excluding food and energy rose 1.3% in the 12 months through September. As reported with expectations well below the Fed 2% target charging the expectations that the trend of subdued inflation will keep the interest rates […]

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New Zealand shifts the momentum A report was issued by the U.S. Department of the Treasury criticizing the Consumer Financial Protection Bureau’s arbitration rule. This rule will block financial institutions from preventing class action lawsuits from customers via consumer contracts. According to the Commerce Department, the GDP of the U.S. economy expanded at a 3% […]

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Gold consolidates after the fall The US dollars dual personalities were in complete view overnight as an numerous flow of headline surprises considered on investors sentiment while some localized circumstances played in favor. Indeed, the numerous distinctive storylines has currency markets rocking in every pocket of the globe. However, the USD dollar lost some momentum […]

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Gold declines further October data indicated advanced growth of U.S. private sector business activity. Besides another increase in service sector output, the upturn was assisted by the rapid rise in manufacturing production for recent months. Since November 2015, the latest reading indicated the second fastest rate of expansion. The survey respondents assigned rising business activity […]

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Euro stays above 1.1737 On Thursday, The European Central Bank meets for its long anticipated policy decision possibly defining the beginning of the end of the most critical market events in 2017, the asset-buying program. Though the details of how much and when have been the subject of much consideration, the European Central Bank President […]

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Kiwi finds support On Friday the Federal Reserve Chair Janet Yellen, said that absence of inflation has been an unexplainable surprise, while the Fed’s dismissal of stimulus is performing well. Yellen said we’ve had a sequence of weak, smooth perusal on inflation, core inflation, commencing this March and the reasons for that are not instantly […]

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Aussie is looking down for correction The economic development in the United States has been expanding comparatively so far this year, and the labor market has continued to nourish. The terrible hurricanes that strike Texas, Florida, Puerto Rico, and neighbors in the Caribbean produced exceeding damage and modified many lives and our hearts go out […]

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Euro Rise continues During October policy meeting, the European Central Bank policymakers openly decided to expand asset purchases at a lower volume with the views of crossing on a nine-month expansion. While hawks want the ECB to signal its aim to decline and end the purchases, the policy doves want at least the same type […]

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Gold is finding strength On Wednesday, San Francisco Federal Reserve Bank President John Williams said that he anticipates the U.S central bank to increase interest rates later this year. The former Fed Governor, Kevin Warsh who is under consideration by President Donald Trump to extend the Fed once Fed Chair Janet Yellen’s term is expired […]

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Kiwi finds edge over greenback As the traders count on the deadline from New Zealand’s First leader Winston Peters to declare which party he will choose to form a government with, the New Zealand dollar extends to maintain below 71 US cent. After special votes counted on Saturday followed in the Labour and the Green […]

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