Greenback shows sign of rise The Republicans endorsed the conference statement that reconciled the House and Senate tax bill passed by each chamber. We proceed to expect final movement of the tax bill probably by the end of next week despite last minute discussions. The House and Senate both will require voting on the conference […]

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Greenback fails to continue bullish The U.S. Federal Reserve will announce its quarterly economic projections and Federal Open Market Committee (FOMC) statement later today. The extremely anticipated December meeting of the Fed is targeted to bring a 25 basis points rate hike. The market has priced in that progress before it was steadily telegraphed by […]

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Greenback gains against Japanese Yen After the U.S. Senate accepted a tax overhaul over the weekend, the dollar was widely higher on Monday reaching a better peak receiving a hike against the yen. On Saturday, the Senate’s consent shifts the Republicans and President Donald Trump a big step closer to their goal of cutting down […]

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Dollar’s mixed reaction The Senate Finance Committee had initially planned to vote on their statement this week but generated significant splits between Republicans and Democrats due to last minute changes. The House voted and passed their statement of tax reform bill as expected. This prompted a nominal rally in the greenback because everyone knows that […]

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Greenback rebounds on support In a major step forward for efforts to permit regulations enacted following the 2008 financial crisis, yesterday a group of U.S senators mentioned they had reached an uncertain deal to reduce the number of banks marked systemically risky. The bill would exclude banks with less than $250 billion in assets including […]

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Greenback dropped against yen According to the current data, the U.S will update its job openings which have been far expanding hiring which is a strong confirmation that the U.S economy is at full employment. Currently, the U.S. President is in South Korea for the second leg of his five-nation Asia trip as the North […]

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Greenback extend to rise In the recent years, President Donald Trump’s election campaign has regularly counted jobs indicating more momentum. Another drop in the rate would probably prompt the Fed near to increasing short- term interest rates as early as December. Raising the dollar to two-month high, US data continued to pull better than expected. […]

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Greenback strengthens Following the commerce secretary, the United States will see its whole domestic product increase by 1% if the government gets the tax reform right. Above the federal budget and boosting of the debt limitation, the tax program is the single most dominant activity. On Wednesday, Wilbur Ross said getting U.S reform right as […]

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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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USD/JPY Aiming at Year’s Low The need for safe haven has once again come into play pushing the USD to a fresh week low against the Yen. The market was once again fueled by risk aversion thus creating a demand for Yen. USD/JPY declined to 108.60 and closed at 108.77, with today’s candle aiming for […]

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