Yen fell on comments from North Korea On September during its Federal meeting, the policymakers examined about the interest rates hike which seemed to rise even as their own predictions pointed to overcome the economic growth and inflation that will continue to skip the Fed’s 2% goal. The central bank post its two day meeting, […]

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Greenback Recovers after FOMC On Wednesday, lan McCafferty stated about the predictions of the slow-motion economic slowdown over next three years in the British economy. Mark Mallinder, marketing director at EH Smith Builders Merchants said on twitter: “Balancing inflation & economic capacity will push interest rates up sooner rather than later predicts Ian McCafferty (BoE)”. […]

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Greenback’s Gain Extends The Federal Reserve will be awaiting an announcement about its own leadership possibly within weeks whether President Donald Trump will ask Janet Yellen to remain as the Fed Chair as her term ends after February. After the meeting on Wednesday, the Fed is about to announce its decision about reducing its huge […]

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Aussie bouncing off the Moving Average On January 2017, the Northern Territory continued to trend upward across all states and territories. The trend estimate increased by 0.3% on August when compared with July that led to decrease by 0.4% on passenger vehicles. On September 20, the central bank is expected to proclaim the start of […]

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Euro gaining upper hand against Greenback Since economic growth is in high momentum and inflation is balanced, the European Central Bank is expected to announce that its purchases would slow down. The German Finance Minister, Wolfgang  Schaeuble said in an interview that ECB when ending its ultra-loose monetary policy needs to be aware to prevent […]

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Gold declines on Greenback’s strength During the month of August, the consumer prices rose at 0.2% excluding food and energy (the core CPI). This led the Fed Reserve officials to question their long-held belief that a strong labour market would cause inflation to go upward. The Fed officials have announced that another drop on the […]

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Gold pushed back by strong resistance Gold had a good rise for the past several weeks and the price seems to have come to a halt now. The price hit a long term upper descending line that holds strong since 2013. Traders did watch this level and when price reached this resistance it triggered several […]

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Time for some correction The pair is pressured towards the south with strong USD across the charts and had an exhaustion from last week’s gain. The price fell to the lowest since last Thursday and continues its path of being corrected. The price had dropped more than 100 pips this far. The pair is heading […]

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ECB on Focus To understand the trading methodologies during ECB, we must first understand the call for meeting and its contents. Given below are few key points to watch during the meeting: • When will the QE purchase end? If ECB decides to taper the program by end of 2017 or start of 2018, then […]

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Sterling Remains Unstable Yesterday’s daily candle broke below the mid lower trend line in the hourly chart and edged closer to Friday’s Open. The price on the hourly chart shows an upward weakness and continues to plot higher lows but remains range bound between 1.7993 and Friday’s close. Technical indicators are neutral while RSI has […]

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