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Forex Technical Analysis
November 3, 2023
By admin

USD/CAD sticks to modest gains around mid-1.3700s, focus remains on US/Canadian jobs data

The USD/CAD pair edges higher during the Asian session on Friday and reverses a part of the previous day’s steep decline to the 1.3735 region, or over a one-week low. Spot prices currently trade around the 1.3750-1.3755 region, up just over 0.10% for the day, though the upside seems limited ahead of the monthly employment […]

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Capital Markets Commodities Energy Commodities Technical Analysis
November 3, 2023
By admin

WTI trades with a positive bias above $82.00, US NFP data looms

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.60 so far on Friday. WTI prices trade in positive territory for the second consecutive day on the risk appetite in the market and the weaker of the US Dollar (USD). At its November meeting, the Federal Open Market Committee (FOMC) decided to maintain the […]

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

BOE Keeps Rates Unchanged

Bank of England announced its latest monetary policy decision today at 12:00 pm GMT. The consensus of the markets was in favor of the BoE keeping interest rates unchanged at 5.25% for the second consecutive time. The actual decision turned out to be in line with these expectations. Bank of England’s Monetary Policy Committee (MPC) voted […]

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Capital Markets Technical Analysis
November 2, 2023
By admin

Stock of The Week Caterpillar (CAT.US)

Caterpillar (CAT.US), US manufacturer of heavy machinery, reported its latest earnings report on Tuesday, October 31 before opening of the Wall Street session. Report was solid but the stock has nevertheless dropped hard during the following session. Let’s take a closer look at Q3 2023 results from Caterpillar as well as the company’s valuation. Solid […]

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

Bank of England’s Decision Ahead, What to Expect?

The Bank of England (BoE) intends to keep the interest rates at the current level of 5.25% after today’s meeting. The decision on interest rates will be announced at 12:00 PM GST time. Abstaining from hikes is the baseline scenario reflecting the cautious approach of the Federal Reserve (Fed) and the European Central Bank (ECB). […]

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Commodities Energy Commodities Technical Analysis
November 2, 2023
By admin

WTI snaps the three-day losing streak, holds above $81.00 after Fed rate pause

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $81.00 so far on Thursday. WTI prices snaps the three-day losing streak after the Federal Open Market Committee (FOMC) meeting decided to pause the rate on Wednesday. However, the weaker Chinese data might dampen the oil demand outlook. As widely expected, the FOMC […]

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Forex Technical Analysis
November 2, 2023
By admin

USD/INR weakens as Fed maintains status quo

Indian Rupee posts modest gains on Thursday on lower US Treasury bond yields and the correction of the US Dollar (USD). The Federal Open Market Committee (FOMC) kept the federal funds rate unchanged at the 5.25-5.50% range at its November meeting on Wednesday, as widely expected. The Greenback edges lower as the markets anticipate that […]

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Capital Markets Forex Technical Analysis
November 2, 2023
By admin

GBP/USD Price Analysis: Remains capped below the 1.2200 barrier

The GBP/USD pair edges higher during the Asian trading hours on Thursday. The uptick of the pair is supported by the weakening of the US Dollar (USD) after the Federal Reserve (Fed) maintained the interest rate steady, while odds that it may not hike rates again rose after the press conference. The major pair currently trades around […]

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Banking Capital Markets Forex Technical Analysis
November 2, 2023
By admin

EUR/USD reclaimed the 1.0600 mark, Eurozone PMI, US data loom

The EUR/USD pair gains traction during the early European session on Thursday. The rebound of the major pair is bolstered by the correction of the US Dollar (USD) after the Federal Open Market Committee (FOMC) policy meeting decided to maintain the interest rate unchanged on Wednesday. At the press time, the EUR/USD pair is up 0.24% on the day […]

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Commodities Precious Metals Technical Analysis
November 2, 2023
By admin

Gold price sticks to modest gains amid bets that Fed may be done hiking interest rates

Gold price (XAU/USD) attracts fresh buying on Thursday, albeit lacking a  follow-through and remains below the $2,000 psychological mark heading into the European session. The US Treasury bond yields and the US Dollar (USD) continue to drift lower in the wake of expectations that the Federal Reserve (Fed) may be done raising interest rates. This, […]

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