Day: November 20, 2017

November 20
2017

Will Jerome Powell Continue Yellen’s Policy or Start a Revolution?

Jerome Powell was nominated for the position of the US Federal Reserve Chair on November 2. His appointment is still to be approved by the Senate, but there is little doubt that Powell will be the one who takes the most powerful office in the financial industry on February 1. Trump’s picking Powell raised some eyebrows among analysts because he has no PhD in economics but is a lawyer. However, […]

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November 20
2017

EUR/USD Volatile amid German Political Turmoil

EUR/USD fell intraday amid news that talks about forming a coalition government in Germany failed. The currency pair bounced later to traded at the opening level. But as of now, EUR/USD retreated yet again, though not as low as during the previous drop. This week’s economic calendar is relatively light on releases with the exception of Wednesday. Leading indicators rose 1.2% in October, two times the forecast gain by 0.6%. Furthermore, the September […]

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November 20
2017

Pound Rallies on Hopes for Progress in Brexit Talks

The Great Britain pound rose today amid hopes about progress in the Brexit talks. There are reports that Britain’s Prime Minister Theresa May wants to increase the amount Britain will pay the European Union for leaving to break the deadlock in Brexit negotiations, and UK ministers may back such measure. The initial offer was €20 billion, which is now expected to be increased to â‚¬40 billion, and that is closer […]

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November 20
2017

Euro Bounces After Decline Caused by Failed German Coalition Talks

The euro fell intraday after the news that German Chancellor Angela Merkel failed to form a coalition government. Yet the currency has bounced against most of its rivals by now, trading near the opening level. Merkel’s bloc led by Christian Democrats weakened after winning the September election with a lower number of seats, making the German Chancellor to seek an alliance with other parties in hope to form a coalition government. So far, […]

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