Aussie Gaining Strength What’s in the News? The first since Trump took office, the nuclear test is a new obstacle for markets that has proven strong in the recent period of tension on the Korean peninsula. Any nation doing business with Kim Jong Un’s government, the US President Donald Trump threatened to increase economic penalty […]

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Greenback loses the momentum By the end of the year, due to the slow UK economic growth, Sterling will plunge by double-digits and on an annualized basis the growth will weaken below 1%. The Bank of England is back in action now by maintaining the interest rates. The overall expected growth for the year 2017 […]

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RBA unlikely to raise rates A top RBA official stated that the interest rates would remain at low levels for some time. However, the Reserve Bank of Australia’s (RBA) Deputy Governor Guy Debelle brushed aside the talks surrounding the interest rate hikes in his speech in Adelaide. Guy Debelle said that “Just as the policy […]

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Euro’s mixed outlook The European Central Bank (ECB) President Mario Draghi and his officials are struggling to make some adjustments in their message for the bond-buying program. Draghi will get another chance today to pass on his message in a news conference following the governing council’s meeting. The ECB has pledged to buy $69.1 billion […]

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UK’s unexpected inflation data UK’s Producer Price Inflation covers the price changes in the goods purchased and sold by the UK manufacturers. The producer price inflation report got released yesterday and revealed that the annual inflation rate for the goods purchased slowed down in June and began to decline. The Bank of England’s (BoE) Agents […]

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Euro continues to rise The European Central Bank (ECB) is expected to amend its monetary policy in this week’s policy-setting meeting. The central banks, traders and investors are all waiting for the ECB President Mario Draghi to see how he brings about this policy. Jack Duffy, an MNI reporter said that “One possible shift would […]

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Dollar looks weak The U.S. Federal Reserve Chairwoman Janet Yellen mentioned in her testimony to the Congress that the Fed would increase the interest rates at a slower pace than originally expected. Yellen also said that tightening the labor market would exert pressure on the wage rates. After the U.S. Retail Sales and CPI data […]

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Traders should watch out for various chart patterns in order to identify the potential buy/sell areas of an asset and to device his/her own trading strategy. These patterns will assist traders in taking wise trading decisions in the future. One of the most common trading patterns is the double tops and double bottoms. To brief […]

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Gold looks bearish The Federal Open Market Committee (FOMC) raised the federal funds rate to a range between 1 and 1.25 percent. Based on the current economic conditions, investors believe that this action of the Fed would be consistent. Fed’s policymakers also updated the plans for gradually reducing the size of the massive balance sheet. […]

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Greenback surrenders gains The U.S. Federal Reserve Chairwoman Janet Yellen mentioned in her testimony to the Congress that the Fed would soon begin trimming the $4.3 trillion balance sheet and would increase the interest rates at a slower pace than originally expected. She stated that “It’s premature to reach the judgment that we’re not on […]

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