Sterling continues to rise against dollar We believe that in the upcoming months we are unlikely to observe any substantial developments in the flow of economic data. If accompanied with more of the same on the inflation side is probably to result in the FOMC being careful on adding to the five rate hikes which […]

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Greenback holds support for recovery On Wednesday, the Internal Revenue Service advisedthat not all property-tax prepayments can be deducted amongst a demand of homeowners paying their 2018 property taxes before the Republican tax law takes effect in January. The IRS stated the property taxes that haven’t been evaluated before 2018 won’t be deductible on 2017 […]

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Greenback weakens against sterling According to a Wall Street Journal review of the President’s tour, President Trump is currently spending a 10-day Christmas vacation at the Florida luxury resort owned by him. He has also visited one of his company’s properties and he has been in office on nearly one-third of the days.Soon after signing […]

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Sterling holds the support President Donald Trump said House Democrats were looking for abandon to seek attention apart from the tax bill which he is expected to sign soon as the House nearing a vote on a stopgap budget to keep the government open for the next month. The House is expected to vote late […]

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Dollar finds support area After the tax reduction, President Donald Trump ran a victory as he scored his biggest political achievement yesterday. He also commended AT&T for offering tax bonuses to labors. As the US 10-year yields are trading at a nine month high aftermath the tax reform, the primary focus was the US yield […]

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Aussie hits the resistance level The eight biggest and complex U.S. banks evaded a major reproach on their latest “living will” bailout-prevention plans. It is a milestone that reduces the already-remote possibility that any of the firms would be broken up by the government. The Federal Reserve and Federal Deposit Insurance Corp. shocked the firms […]

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New Zealand dollar falls sharply New Zealand firms returned once again to their two-year inflation anticipations and also dropped their growth forecasts which will probably sum to the outlook of the central bank to renew the rates that will remain on hold until 2019. The central bank is authorized to hold annual consumer price inflation […]

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Greenback shows sign of rise The Republicans endorsed the conference statement that reconciled the House and Senate tax bill passed by each chamber. We proceed to expect final movement of the tax bill probably by the end of next week despite last minute discussions. The House and Senate both will require voting on the conference […]

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Dollar turned bearish after FED’s failure to deliver While the Fed passed a stable policy message, the markets were probably down casted on the Central Bank not dropping a more decisive signal. The statement comprises of all similar buzzwords such as the labor market continues to “strengthen”, activity is “solid”, and risks are more or […]

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Greenback fails to continue bullish The U.S. Federal Reserve will announce its quarterly economic projections and Federal Open Market Committee (FOMC) statement later today. The extremely anticipated December meeting of the Fed is targeted to bring a 25 basis points rate hike. The market has priced in that progress before it was steadily telegraphed by […]

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