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Deeper Downside for the Dollar?
Deeper Downside for the Dollar? The US dollar has faced significant challenges recently, and many analysts believe its decline may continue. Here’s a look at the factors driving this trend: Inflation and the Dollar’s Decline: Inflation in the U.S. erodes the dollar’s purchasing power and real bond yields, making it less attractive to investors. With…
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31 August 2020
39 views
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UK CPI and Japan GDP: Key Economic Data for the Week Ahead
UK CPI and Japan GDP: Key Economic Data for the Week Ahead As the global economy continues to navigate the pandemic, the week ahead will focus on key data releases, including Japan’s GDP and the UK’s CPI. However, the ongoing impact of COVID-19 remains the central theme, with analysts debating whether certain economies have reached…
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16 August 2020
35 views
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Fed Maintains Low Rates; Tech CEOs Face Congressional Scrutiny
Fed Maintains Low Rates; Tech CEOs Face Congressional Scrutiny The Federal Reserve has reaffirmed its stance on keeping interest rates near zero, with Chairman Jerome Powell emphasizing the ongoing commitment to economic stimulus. During the most recent Fed meeting, Powell stated, “We are not thinking about thinking about raising rates,” and further reiterated, “We are…
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30 July 2020
34 views
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US Non-Farm Payroll Posts 4.8 Million Jobs in June
US Non-Farm Payroll Posts 4.8 Million Jobs in June In a surprising turn, the United States Non-Farm Payroll report showed a gain of 4.8 million jobs in June, significantly beating analysts’ expectations of 3 million. The unemployment rate also dropped to 11.1%, down from the forecasted 12.5%. However, not all news was positive. Despite the…
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02 July 2020
32 views
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Week Ahead: GDP and Inflation
Week Ahead: GDP and Inflation Last week saw a sharp selloff in US equities as market concerns about overvaluation weighed heavily. The NASDAQ, Dow Jones, and S&P 500 all posted declines of 4.52%, 3.66%, and 3.28%, respectively, highlighting investor fears of an overstretched market. As election season approaches in the US, traders will also be…
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24 May 2020
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This Week Ahead: US and Eurozone GDP
This Week Ahead: US and Eurozone GDP The Coronavirus pandemic, which began with China’s first reported death on January 11th, has since devastated global economies. This week, critical indicators that usually signal the health of the global economy will instead reflect the pandemic’s damage. The following events are important to watch in the coming days,…
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10 May 2020
29 views
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Oil’s Winning Streak
Oil’s Winning Streak Oil is currently experiencing a five-day winning streak, offering a much-needed glimmer of hope to traders and investors. West Texas Intermediate (WTI) and Brent Crude, the main proxies for US and international oil prices, have been fluctuating around $25.20 and $31, respectively. Just a week ago, oil prices were on a sharp…
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06 May 2020
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GBP/USD Ends Month High Gains
GBP/USD Ends Month High Gains The GBP/USD currency pair, which had been experiencing a series of gains in recent days, has now reversed its trend, posting a modest decrease of 0.17% from the previous session, bringing it down to 1.2604. If the pair continues to slide, the next support level to watch is 1.2460. Previously,…
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15 April 2020
29 views
