Category: Forex
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Cubans Brace for Inevitable Pain as Gasoline Prices Increase Five-Fold
Cuban President’s Efforts to Address Concerns HAVANA (Reuters) – Cuban President Miguel Diaz-Canel, along with top officials, made efforts on Monday to provide reassurance to the country regarding the upcoming five-fold increase in gasoline prices. They stated that the price rises and tax hikes were necessary. However, they acknowledged that more explanation may be required […]
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Argentina Markets Dip as Government Pulls Fiscal Reforms from Major Bill
Government Removes Key Fiscal Section, Easing Passage of Bill Argentina’s bond, currency, and stock markets experienced slight declines on Monday, while managing to avoid a significant slide. The dip occurred after the government made the decision to withdraw a vital fiscal section from its expansive “omnibus” bill, which aims to reform the country’s beleaguered economy. […]
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Yellen Receives Assurances from China, Sees Limited Spillover to US Economy
Yellen Optimistic About Chinese Banks U.S. Treasury Secretary, Janet Yellen, recently stated that Chinese banks are in good shape, despite the ongoing turmoil in China’s financial and real estate markets. During a visit to a job training center in Milwaukee, Yellen mentioned that Treasury officials received reassurances during their recent visit to Beijing. She also […]
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Dollar Holds Steady as Market Digests Strong US Growth, Euro Retreats
Euro Under Pressure as ECB Hints at Possible Rate Cut In Europe, EUR/USD traded 0.2% lower at 1.0827, with the euro feeling the impact of the European Central Bank’s monetary policy meeting. Although the ECB opted to keep interest rates unchanged at a record-high 4%, it acknowledged that inflation declined more rapidly than expected during […]
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U.S. Dollar Dips as Sterling Falls on Cooling U.K. Inflation
Data Releases and Fed’s Inflation Measure A series of data releases are scheduled for Thursday, including weekly jobless claims, the Philadelphia Fed manufacturing index, and the latest reading of quarterly gross domestic product growth. Of significance is the core Personal Consumption Expenditures price index, the Federal Reserve’s favored gauge of inflation, which is due on […]
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Bullish Outlook Confirmed, Precious Metals Market Faces Bearish Times Ahead
Contextual Factors: Stocks and Crude Oil Before summarizing, it’s important to consider two other markets that provide additional context for the precious metals market – stocks and crude oil. While I occasionally comment on the stock market, I do not provide specific trading indications for it, as my expertise lies primarily in analyzing precious metals […]
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Geopolitical Tensions and Fed Policy Drive Gold Amid Economic Reports
Geopolitical Tensions and Dollar Weakness Drive Gold Demand The recent surge in precious metals prices can be attributed not only to the weakening of the US dollar but also to the escalating geopolitical tensions. Investors are seeking the safe-haven appeal of precious metals amidst the uncertainty in global politics. The ongoing trade disputes and geopolitical […]
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Dollar Stabilizes as Yen Slumps After Bank of Japan Maintains Dovish Course
The Dollar and Fed Rate Cut Expectations BofA Global Research stated on Monday their forecast for four 25-basis point rate cuts by the U.S. Federal Reserve next year, with the first one expected in March. This represents an upward revision from their prior forecast of a total of 75 bps. However, some Fed officials are […]
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Oil Price Surge and Monetary Policies Impact Inflation, Bonds, and Equities
Investment Grade Bonds: Appealing to Risk-Averse Investors Investment-grade bonds offer an additional layer of appeal for risk-averse investors. These bonds are considered to have lower credit risk compared to lower-rated bonds, such as junk bonds. The investment-grade status indicates a higher level of creditworthiness for the issuer, reducing the likelihood of default. In uncertain economic […]
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Dollar Weakens as Bank of Japan Meeting Drives Market Speculation
US Economic Data and Focus for the Week The US economic data slate is relatively empty on Monday, with the week’s attention primarily directed towards the personal consumption expenditures price index, the Federal Reserve’s preferred gauge of inflation, due to be released on Friday. This data is expected to indicate a decrease in consumer price […]