Euro keeps testing the support Once the current Chair Janet Yellen’s term expires in February, President Donald Trump nominated Jerome Powell to run the Federal Reserve. President Donald Trump nominated Jerome Powell to run the Federal Reserve once the current Chair Janet Yellen’s term expires towards broadly expected and one unlikely to interrupt the massive […]

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Greenback starts to decline Ahead of President Donald Trump’s plans to reveal his opinion to lead the U.S central bank, the Federal Reserve officials augmented expectations for a December interest rate hike by subtly upgrading their assessment of the U.S. economy. Following a two-day meeting on Wednesday in Washington, the Federal Open Market Committee stated […]

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Greenback has mixed ahead of Fed announcement The dollar is turning in a mixed performance against its major rivals Tuesday afternoon. The Fed will negotiate a two day policy meeting today afternoon in order to anticipate in keeping the interest rates constant but the traders will watch on the following statement. Besides, President Donald Trump […]

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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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