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Forex
US Dollar ties up with small gains after ECB’s Lagarde delivers a small rate cut
The US Dollar marginally adds to gains after ECB President Christine Lagarde confirmed talks of possibly a 50 bps rate cut.
Traders favor the Greenback…
Silver Price Forecast: XAG/USD retreats to near $31.50 after China’s economic conference outcome
Silver price falls back to near $31.50 after posting a fresh two-week high around $32.20.
Chinese officials proposed to increase the issuance of bonds to…
CAD steadies as spreads stabilize – Scotiabank
The Canadian Dollar (CAD) is steady. The BoC duly cut the policy rate 50bps yesterday and signaled that the pace of policy easing would moderate, Scotiabank’s…
USD/JPY rally halts at 152.90 awaiting more data from the US
The US Dollar recovery loses steam with bulls halted at 152.90.Dovish comments from BoJ officials and strong US data are supporting the pair.The immediate bias…
EUR/USD ticks higher as ECB interest-rate decision looms large
EUR/USD moves higher around 1.0520 with investors focusing on the ECB’s monetary policy decision at 13:15 GMT.
The ECB is almost certain to cut its Deposit…
BRL: The central bank strikes back – ING
Brazil's central bank, BCB, aggressively hiked rates by 100bp to 12.25% last night and promised two further hikes of a similar magnitude, ING’s FX analyst…
EUR/CHF rises toward 0.9350 following a bumper rate cut by the SNB
EUR/CHF appreciates after SNB unexpectedly cut rates by 50 basis points, doubling market expectations of a 25 basis point cut.
SNB Chairman Schlegel…
China’s Commerce Ministry: Open to communication with Trump administration’s economic, trade team
Chinese Commerce Ministry said in a statement on Thursday that “China is open to contact and communication with the Trump administration's economic and trade…
Forex Today: ECB and SNB rate decision, US data to keep action going
Here is what you need to know on Thursday, December 12:
The European Central Bank (ECB) and the Swiss National Bank (SNB) will announce monetary policy…
Gold price reverses intraday dip to $2,700; flat lines amid mixed fundamental cues
Gold price witnesses an intraday turnaround from over a one-month top touched on Thursday.
Bet for a less dovish Fed and rising US bond yields undermine the…