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According to research conducted by the Bank of England, Sterling has been “fashionable” and has driven movements in G-10 FX five times since the start of the Global Financial Crisis . In the year to date, Sterling has already weakened significantly versus the major currencies...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 18:15
U.S. fifty dollar bills are run through a counting machine inside a currency exchange store in Mexico City, Mexico. The dollar is flexing its muscles again, now that Fed officials are suggesting a rate hike may come sooner rather than later...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 18:15
Slumping commodity prices have taken African currencies down with them, exposing the fundamental economic frailties of the world's poorest continent by driving up inflation in countries that import most of their manufactured goods...
Currency
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Seth Dompreh, 24 March 2016, 18:02
The problem with introducing a tax on currency transactions in China: It’s probably too late. Taxing foreign exchange transactions – sometimes known as a Tobin tax – aims to limit short term currency transactions by making them more costly...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 17:58
The angst generated in international circles by global currency wars was on full display this week, after it was revealed US Treasury officials had "expressed concern" the Reserve Bank of Australia had tried to talk down the local currency...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 17:55
Despite Federal Reserve Chair Janet Yellen’s cautious tone on price data, our economists expect a steady uptrend in inflation and see a strong argument for the Fed to overshoot the 2% inflation target...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 16:57
Central banks have reduced official interest rates to historically lows, either near zero (known as ZIRP or Zero Interest Rate Policy). Long term bond rates are also at historically low levels...
Market News
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Francis Dogbe, 24 March 2016, 16:28
USD/CAD has seen a dramatic reverse in fortunes over then past 48 hours and has undergone a sharp rally since basing at the March 18 lows. USD/CAD has undergone a sharp rally since basing at the March 18 lows...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 16:23
The pound is on the rise today and has just run to a new high of 1.4140. It did virtually nothing after the retail sales so we can't finger that as a reason. The mid-1.40's has developed into decent looking support. I had 1.4040/45 pegged but we've it slightly higher at 1.4050. 1...
Analytics & Forecasts
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Francis Dogbe, 24 March 2016, 16:22
Another interest rate increase “may not be far off” with the U.S. economy performing much as expected in 2016, St. Louis Fed President James Bullard said Thursday...
Analytics & Forecasts
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Francis Dogbe, 24 March 2016, 16:17 #Interest Rate, Fed
The USD/JPY is hovering at around ¥112-113, but downside risk remains prevalent and a breach of 110 over the coming 3 months seems likely, says Deutsche Bank. "We remain vigilant against downside risk in the USD/JPY over the next three months once the autonomous comeback in risk markets ends...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 15:47
We continue to sale #GPBUSD. The result of the position opened at 1.4364 has already exceeded two figures of #profit. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Euro Declines Against Majors The euro drifted lower against its major counterparts in early New York deals on Thursday, as continued sell-off in commodities sapped demand for riskier assets, while a decline in Eurozone bond yields weighed...
Currency
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Roberto Jacobs, 24 March 2016, 15:42
We are holding the short position in #Gold. Among signals to add we should specify bars of the "red zone." The value of the red Alligator's line is at 1242.64. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
US Stocks Appear on Track for Third Straight Loss US stocks fell in early trading as investors considered a possibility of an early rate hike amid weak economic data and falling oil prices. At the time of writing, Dow Jones Industrial Average (DJIA) was down 0.48% or 83 points...
Market News
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Roberto Jacobs, 24 March 2016, 15:39
Fed’s Bullard - Fed is Going Up Very Slowly on Interest Rates Fed’s Bullard is back on the wires extending his previous hawkish talk by saying the Fed is going up very slowly on interest rates...
Market News
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Roberto Jacobs, 24 March 2016, 15:36
Hawkish Bullard and Weak US Data Fail to Move Cable Hawkish comments from Bullard and weak US data may have pushed USD/JPY lower, but failed to trigger a major reaction in the GBP/USD pair, which continues to trade largely unaffected above 1.41 handle...
Market News
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Roberto Jacobs, 24 March 2016, 15:33
The US dollar has one more round of fight left in it. But its bull run has been tiring for a while now and, after a final bout of strength mid-year, the greenback will hit the mats versus a range of other currencies...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 15:33
USD/CAD Challenges Highs Near 1.33, Oil Plummets The greenback remains on a firmer footing vs. its Canadian neighbour on Thursday, now lifting USD/CAD to fresh peaks in the 1.3280/85 band...
Currency
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Roberto Jacobs, 24 March 2016, 15:31
Gold Recovers Losses, but Hawkish Fed Speak Caps Gains Gold managed to recovery losses, but is having a hard time turning positive on the day as Fed’s Bullard joined “rate hike could happen sooner” bandwagon. Hovers around $1220/Oz Prices recovered from the one-month low of $1212...
Metals
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Roberto Jacobs, 24 March 2016, 15:25 #gold