Pound looks for some recovery After holding up with the aftermath of the June 2016 Brexit referendum, the U.K. economy is coming under some pressure. The economic growth slowed down and the inflation has marched up towards 3 percent, the highest among the major advanced economies. Bank of England (BoE) policymaker Kristin Forbes expressed concerns […]

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Gold looks bullish The US President Donald Trump had already mentioned that the U.S should either re-negotiate or terminate the North American Free Trade Agreement (NAFTA) with Canadian and Mexican partners. The oil prices dropped down by 2 percent, setting a cap on the United States bond yields. The United States 10 year treasury yields […]

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Yen looks bearish Dallas Federal Reserve Bank President Robert Kaplan remained uncertain over the short-term interest rates. He said that “I believe that at some point we will see more wage pressure.” Kaplan stated that he would wait for additional data to understand whether the inflation numbers will remain permanent or not. New York Fed […]

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AUD looks weak At the June monetary policy meeting, the Reserve Bank of Australia (RBA) board members were seen spending a lot of time on discussing the factors that impact the Australian economy. The meeting left the interest rates unchanged at 1.25 percent. The monetary policy board suggested that the labor and housing markets need […]

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Bank of Canada signals a rate hike Last week, the United States Federal Reserve hiked the interest rates for the second time in three months. The Fed raised the interest rates by +25 basis points to a range between 1 and 1.25 percent yesterday and kept the rate forecasts unchanged. The central bank provided important […]

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GBP/USD continues to rise Mrs. May had expected that the general elections would increase her majority. However, the elections delivered an unexpected political outcome with Theresa May falling eight seats short of a Commons majority. Since last week’s general election, there have been calls for a new approach to talks. The Conservative party, having lost […]

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Fed hikes interest rates The US Federal Reserve raised the interest rates by +25 basis points to a range between 1 and 1.25 percent yesterday and kept the rate forecasts unchanged. Fed’s officials anticipate one more rate hike this year and did not provide details as to when it will occur. The Federal Reserve’s press […]

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Greenback expects Fed’s rate hikes The Federal Reserve will meet today and all the focus will be on raising its interest rates by a quarter-point. In a period where the inflation numbers are low, it is doubtful as to how the Fed’s officials will hike the interest rates more than two times this year. The […]

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Greenback continues to gain momentum America’s Investment Banking Division, Merrill Lynch, stated that the chances of the FOMC interest rate hikes seem very likely. Bank of America Merrill Lynch (BofAML) mentioned that “The focus will now be on the tone and any signals for the pace of hikes in the rest of the year and […]

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Pound might survive despite losing Commons majority The UK elections delivered an unexpected political outcome with Theresa May falling eight seats short of a Commons majority. Despite May’s idea to form a larger majority, the Conservative party, having lost in the elections, is all set to form a minority government now. Mrs. May’s two closest […]

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