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US Interest Rate Unchanged at 0.5%

US Interest Rate Unchanged at 0.5%
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🕔July 28, 2016

The Fed left the target range for its interest rate unchanged at 0.5 percent for the fifth time during its July 2016 meeting. Policymakers said that the strengthening of the labour market and decreasing near-term risks to growth may suggest a rate hike is still possible this year, depending on incoming economic data.…

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The Yen Stands Fast

The Yen Stands Fast

🕔July 27, 2016

  • Japan shocks investors

The yen weakened further on Wednesday shortly after the Japanese authorities revealed a shockingly larger-than-expected $265 billion stimulus packages.

Anticipation for ‘helicopter money’ in Japan is justifying the need for more scrutiny from investors, especially from those actively trading the USDJPY pair, as the currency pair has been one of the most interesting in the Market since this year.…

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UK GDP Surprises Market

UK GDP Surprises Market
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🕔July 27, 2016

  • UK GDP raises more questions

The UK GDP today shocked investor as it exceeded analysts’ forecast by rising 0.6% in the second quarter, reflecting a stronger UK economy before the Brexit, although the figure also includes 1 week after the Brexit.…

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Potential Head & Shoulder in Dollar Index ahead of Fed’s decision

Potential Head & Shoulder in Dollar Index ahead of Fed’s decision
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🕔July 27, 2016

All eyes on this afternoon’s FOMC statement on monetary policy and the strength of the dollar. The Fed is not expected to hike interest rates this week, but any hints on the likelihood of a future rate rise could move markets. …

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Oil Slump Persists as a Glut Remains Apparent

Oil Slump Persists as a Glut Remains Apparent

🕔July 27, 2016

  • Gasoline glut strengthens likelihood of fall
  • Oversupply in the downstream sector

Since the energy prices plummeted in 2014, Oil prices have been moving half-heartedly with an oil glut consistently dampening its enthusiasm to make full recovery.

There seems to be more trouble looming ahead as Oil companies had previously raised the production quota of their refined crude oil products like gasoline to compensate for the low price of Crude enabling them still make around the same amount of profit they made before the price of oil dropped.…

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German Consumer Sentiment Falls

German Consumer Sentiment Falls
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🕔July 27, 2016

The German GfK Consumer Climate is expected to come in at 10.0 in August of 2016, compared to 10.1 in July and market consensus of 9.9. Both economic and income expectations fell, mainly affected by the Brexit. In contrast, the willingness to buy increased slightly.The GfK Consumer Climate Indicator is based on a survey of 2000 individuals age 14 and above, and focuses on income expectations, buying propensity and savings.…

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The AUDUSD Enters Volatile Territory

The AUDUSD Enters Volatile Territory
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🕔July 26, 2016

The AUDUSD reversed early Tuesday in anticipation of the significant Australian inflation data scheduled for Wednesday morning in Australia, in addition to the FOMC rate decision expected out of the US on Wednesday by midday.

The AUDUSD reached its apex in the European trading session at 0.7539, which was a 1 week high for the pair, it subsequently fell during the New York trading session, losing its overall bullish momentum.…

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UK Economy Joins the Stimulus Train

UK Economy Joins the Stimulus Train

🕔July 26, 2016

  • Martin Weale talks about stimulus for the UK economy
  • The UK might be heading for recession

The GBP slumped swiftly amidst damning report on business confidence on Friday as the fears about the British economy after the UK referendum gained a lot of attention.…

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The Yen Fights Back

The Yen Fights Back

🕔July 26, 2016

  • Yen strengthens on the BoJ’s market disappointments

The Yen fought back in today’s session as it posted major gains with the USDJPY is currently trading at 104.30. Data released in Japan like the SPPI, a fundamental indicator that measures the corporate inflation, reported a small gain of 0.2%, which was well within analysts estimations.…

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USD/CAD: Oil back in red ahead of API data, US Economic data shines.

USD/CAD: Oil back in red ahead of API data, US Economic data shines.
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🕔July 26, 2016

Oil drops ahead of API report. Both benchmarks resumed crude losing streak for the fourth consecutive session today. Currently, both benchmarks trade moderately lower, with Brent down -0.33% at $ 44.45, while WTI trades -0.68% at fresh three-month lows of $ 44.15.…

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