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Day: October 9, 2017
October 92017
Will FOMC Raise Interest Rate in December 2017?
The last time the US Federal Reserve had raised its target interest rate in June this year it went up from the range of 0.75–1.00% to 1.00–1.25%. Will there be another interest rate increase in 2017? Let’s try to figure it out. Contents 1 Sentiment 2 Data 3 Balance Sheet Normalization 4 Words 5 Future 6 My opinion 7 Poll Sentiment It is the current […]
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October 92017
Mexican Peso Declines as Inflation Data Disappoints Investors
The Mexican peso dropped against the US dollar on Monday to begin the week on a negative note. The peso weakened following a data release that revealed weaker inflation than expected in the southern neighbor of the United States. Mexicoâs National Institute of Statistics and Geography stated in a report, which was published earlier today, that the consumer price index rose 0.31% between August and September. The reading was lower than analyst estimates, which had […]
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October 92017
Mexican Peso Declines as Inflation Data Disappoints Investors
The Mexican peso dropped against the US dollar on Monday to begin the week on a negative note. The peso weakened following a data release that revealed weaker inflation than expected in the southern neighbor of the United States. Mexicoâs National Institute of Statistics and Geography stated in a report, which was published earlier today, that the consumer price index rose 0.31% between August and September. The reading was lower than analyst estimates, which had […]
Read more
October 92017
EUR/USD Trades Sideways in a Slow Start to the Week
The EUR/USD currency pair today traded sideways in a slow start to the week underpinned by an empty US docket due to the celebration of Columbus Day in the USA. Several releases from the European docket such as the German industrial production data boosted the currency pair for a while before the uptrend reversed later. The currency pair was trading sideways for most of today’s session beginning with a downtrend in the late Asian session and spending most of the day in a 30 point […]
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October 92017
EUR/USD Trades Sideways in a Slow Start to the Week
The EUR/USD currency pair today traded sideways in a slow start to the week underpinned by an empty US docket due to the celebration of Columbus Day in the USA. Several releases from the European docket such as the German industrial production data boosted the currency pair for a while before the uptrend reversed later. The currency pair was trading sideways for most of today’s session beginning with a downtrend in the late Asian session and spending most of the day in a 30 point […]
Read more
October 92017
Australian Dollar Trades Lower After China’s Services PMI Disappoints
The Australian dollar traded a bit lower today following the release of disappointing macroeconomic data for China. The Caixin China General Services PMI slumped from 52.7 to 50.6 in September. Experts were completely wrong with their predictions of an increase to 53.1. The reading was the lowest since December 2015. AUD/USD slid from 0.7769 to 0.7758 as of 15:15 GMT today. EUR/AUD rose from 1.5093 to 1.5128. If you have any questions, comments […]
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October 92017
Australian Dollar Trades Lower After China’s Services PMI Disappoints
The Australian dollar traded a bit lower today following the release of disappointing macroeconomic data for China. The Caixin China General Services PMI slumped from 52.7 to 50.6 in September. Experts were completely wrong with their predictions of an increase to 53.1. The reading was the lowest since December 2015. AUD/USD slid from 0.7769 to 0.7758 as of 15:15 GMT today. EUR/AUD rose from 1.5093 to 1.5128. If you have any questions, comments […]
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October 92017
Lira Slumps amid Tensions Between USA & Turkey
The Turkish lira slumped against the US dollar as relationships between the United States and Turkey deteriorated after the arrest of a US consulate worker. Relationships between the two countries strained after last week the Middle Eastern country arrested a Turkish citizen working in the US consulate over the alleged ties to last year’s failed coup to remove President Recep Tayyip Erdogan from power. Today, another consulate worker was arrested. The USA […]
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October 92017
Lira Slumps amid Tensions Between USA & Turkey
The Turkish lira slumped against the US dollar as relationships between the United States and Turkey deteriorated after the arrest of a US consulate worker. Relationships between the two countries strained after last week the Middle Eastern country arrested a Turkish citizen working in the US consulate over the alleged ties to last year’s failed coup to remove President Recep Tayyip Erdogan from power. Today, another consulate worker was arrested. The USA […]
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