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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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 holds the support area Federal Reserve Chairwoman Janet Yellen declared yesterday employing one of the institution’s biggest challenges, acknowledged that the collection of different voices on the central bank’s policy setting committee can be obscuring to the public. Federal Reserve Bank of St. Louis President James Bullard gave remarks on “When will U.S. Inflation […]

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Greenback consolidates against the Canadian dollar During the FOMC meeting in September, they voted to commence the process of unwinding the balance sheet last month. The size of the balance sheet is larger than we have ever seen. The current assets consists the primarily of those Treasuries and MBS while the liability side consists of […]

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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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Dollar begins to fall Following a group that stimulates bilateral commerce and that called for both sides to reduce the standoff, a developing political dispute between the US and Turkey could have a ‘”deep impact” on trade. Over the alleged participation in July 2016 action attempt against President Recep Tayyip Erdogan , the political tension […]

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Greenback gaining against Canadian dollar What’s in the News? During the month of July, the U.S goods trade slippage increased as the exports fell. The export of consumer goods also declined further suggesting a moderate contribution to the economic growth in the third quarter. The capital goods exports also rose at 1.5 percent. The annual […]

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Greenback gaining new highs The unemployment rate has been on the slide and with The Federal Reserve’s forecast for joblessness 4.5% from the end of 2017 – 2019 seems to be optimistic can this be the major reason for the interest rate hike in there next Open Market Committee meeting. Fed’s rate can impact the […]

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