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Commodities Economic Forex Technical Analysis
October 2, 2023
By admin

USD/CAD Price Analysis: The key barrier is seen at 1.3600 ahead of the Canadian, US PMI data

The USD/CAD pair loses some ground after being rejected from the 1.3600 barrier during the early European session on Monday. Traders await the Canadian S&P Global Manufacturing PMI for September ahead of the US ISM Manufacturing PMI due later in the North American session on Monday. The pair currently trades near 1.3570, losing 0.06% on the day.  […]

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Banking Economic Forex Technical Analysis
October 2, 2023
By admin

ISM Manufacturing PMI Preview: US factory sector set to extend contraction into September

The Institute for Supply Management (ISM) will publish the United States September Manufacturing Purchasing Managers’ Index (PMI) on Monday, October 2. The index is expected to have ticked modestly higher to 47.7 from its previous monthly reading of 47.6. The official Manufacturing PMI has been within contraction levels ever since falling to 49 in November 2022 […]

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Banking Capital Markets Economic Finance Forex Technical Analysis
October 2, 2023
By admin

Australian Dollar trims intraday losses, focus on RBA policy decision

The Australian Dollar (AUD) snaps the winning streak on the third successive day on Monday. The AUD/USD pair received upward support, primarily supported by the upbeat Chinese PMI data released over the weekend. However, the US Dollar (USD) continues to demonstrate resilience after the moderate economic data released on Friday. Australia’s TD Securities Inflation (YoY) data […]

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Economic Forex Technical Analysis
September 28, 2023
By admin

Euro bounces off lows near 1.0490 ahead of key data

Following new eight-month lows around 1.0490, the Euro (EUR) now manages to gather some fresh upside traction against the US Dollar (USD), encouraging the EUR/USD to reclaim the 1.0500 barrier and above in the wake of the opening bell on the old continent on Thursday. On the other hand, the Greenback’s rally faces some headwinds soon after […]

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Banking Capital Markets Economic Finance Fintech Forex Technical Analysis
September 20, 2023
By admin

Fed Preview: Forecasts from 15 major banks, a pause, but the end of rate hikes?

The US Federal Reserve will announce its Interest Rate Decision on Wednesday, September 20 at 18:00 GMT and as we get closer to the release time, here are the expectations as forecast by analysts and researchers of 15 major banks.  The Fed is widely expected to leave its rates unchanged at 5.25%-5.50% and signal a hike in November. New macro forecasts […]

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Capital Markets Economic Forex Technical Analysis
September 20, 2023
By admin

UK CPI inflation unexpectedly dips to 6.7% in August

The official data released by the Office for National Statistics (ONS) showed on Wednesday that the United Kingdom’s (UK) annual Consumer Price Index (CPI) edged 6.7% higher in August, cooling off from a 6.8% rise in July. The market consensus was for a 7.1% increase. The Core CPI index (excluding volatile food and energy items) rose 6.2% […]

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Banking Capital Markets Economic Forex Technical Analysis
September 14, 2023
By admin

Pound Sterling turns vulnerable as investors worry about economic outlook

The Pound Sterling (GBP) trades back and forth as investors await the UK CPI data for August, which will set an undertone for the Bank of England’s (BoE) September monetary policy decision. The GBP/USD pair consolidates as investors hope that a hawkish interest rate decision from the BoE will scrap its policy divergence with the Federal Reserve […]

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Banking Capital Markets Economic Finance Forex Technical Analysis
September 14, 2023
By admin

ECB Preview: Three scenarios and their implications for EUR/USD – TDS

Economists at TD Securities discuss the European Central Bank (ECB) Interest Rate Decision and their implications for the EUR/USD pair. Hawkish (45%): 25 bps hike and dovish guidance 25 bps hike with slightly softer language in the press statement. President Lagarde reiterates the importance of remaining data dependent, but softens her language around further hikes to imply that the […]

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Banking Capital Markets Economic Forex Technical Analysis
September 8, 2023
By admin

Pound Sterling recovery move seems short-lived due to dampened economic outlook

The Pound Sterling (GBP) discovered intermediate support as investors started digesting the potential risks of global economic turmoil due to restrictive monetary policy by Western central bankers. The GBP/USD pair finds an intermediate cushion, but the broader bias remains bearish as investors expect that policy divergence between the Federal Reserve (Fed) and the Bank of England (BoE) may not […]

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Banking Capital Markets Economic Forex Technical Analysis
September 7, 2023
By admin

Pound Sterling cracks as BoE casts doubts over upcoming hikes

The Pound Sterling (GBP) cracked significantly amid increasing risk-aversion and dovish remarks from Bank of England (BoE) Governor Andrew Bailey and policymaker Swati Dhingra about September’s monetary policy decision. The GBP/USD pair is expected to remain on tenterhooks as policy divergence between the BoE and the Federal Reserve (Fed) is likely to persist if the UK’s central bank decides […]

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