Despite the halt in the US dollar’s gains, the gains of the GBP/USD currency pair did not exceed the 1.2063 level and settled around the 1.2000 level at the beginning of this important week’s...
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FX Majors Weekly Outlook (25-29 July)
Wednesday: FOMC Policy Announcement. Thursday: US Q2 Advance GDP. Friday: US PCE. We closed the last week with surprisingly awful US PMI data. The services index in particular fell much lower than expectations to...
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Dollar falls after depressing US data
Analysts are not attaching importance to today’s fall in the dollar, because other countries are also seeing early signs of an economic recession. Dollar index chart in 5 minute intervals The US dollar fell against...
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Former adviser to the head of Rosatom and ex-deputy of the State Duma received a suspended sentence
Moscow. 22 July. INTERFAX.RU – The Khamovniki Court of Moscow sentenced Vladimir Grachev, former adviser to the director general of Rosatom state corporation and ex-head of the State Duma committee on ecology, Vladimir Grachev, to three...
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S&P 500 Forecast: Index Reaches Toward the 4000 Level
The S&P 500 Index initially pulled back just a bit during the trading session on Thursday, perhaps turning around due to more “hopium” out there on Wall Street. The candlestick is rather positive, but the 4000 level...
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RBC forecasts a 12% drop in Canadian house prices
With the Bank of Canada hiking rates more aggressively, Canada’s largest bank new sees a deeper correction in the nation’s housing market. They now project home resales to fall nearly 23% this year and...
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WTI PRICE ANALYSIS: RECOVERY REMAINS ELUSIVE BELOW $100.00
WTI snaps two-day downtrend inside immediate triangle, grinds higher of late. 200-EMA, two-week-old descending trend line restricts immediate upside. Bullish MACD signals, sustained bounce off $94.12 favor buyers. WTI grinds higher around the daily...
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ECB’s Villeroy: There are no limits to purchases with TPI mechanism
ECB will be as determined in activating TPI if necessary TPI decision shows unity and unlimited commitment to the euro All pretty words and aimed at trying to „close the spreads” after having seen...
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WTI Crude Oil Forecast: Testing Major Resistance Barrier
The West Texas Intermediate Crude Oil market rallied a bit Tuesday as we are now threatening to $104 level. This is an area that should cause a bit of resistance because there should be a certain amount...
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Goldman Sachs preview the European Central Bank monetary policy meeting coming on July 21
Goldman Sachs (in brief) We expect the Governing Council to hike policy rates by 25 bps and provide additional details of its sovereign backstop. Although the sharp depreciation of the euro, recent central bank...
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