Date archive forOctober, 2017
By gossewestra On Tuesday, October 31st, 2017
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GBP Strength Pre-FOMC As Traders Question BoE’s Long-Term Plan

Will they or won’t they? That is, will the Bank of England on Thursday signal subsequent hikes? The market is pricing in an 88% probability of a rate hike on Thursday. However, the anticipated volatility surrounds More...

By gossewestra On Tuesday, October 31st, 2017
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EUR/USD Head & Shoulders Still Valid; Asymmetric Risk for GBP/USD

Talking Points: – The DXY Index held the neckline retest of its inverse head & shoulders pattern at 94.29, while EUR/USD’s retest of its head & shoulders pattern of 1.1663 held up as well. – More...

By Investing.com On Tuesday, October 31st, 2017
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Opening Bell: Bonds Gain, USD Steady; SPX, Dow Fall On Tax Cut Delay

by Pinchas Cohen Key Events Yesterday, news broke that the much vaunted corporate tax cuts President Donald Trump has been promising might be phased in gradually rather than accomplished all at once. Should that More...

By IronFX On Tuesday, October 31st, 2017
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Risk Appetite Fades Amid Russian Probe

Risk appetite fades amid Russian probe Equities dropped a little yesterday alongside , while gold rose, following news that the investigators probing the Russian interference in the 2016 US election charged Trump’s More...

By Marc Chandler On Tuesday, October 31st, 2017
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Month-End Leaves Market At Crossroads

Global equity markets are closing another strong month. The was little changed on the day, but up 4.3% in October, the 10th consecutive monthly advance. Europe’s is also flattish today, but up 1.6% on the More...

By BNP Paribas On Tuesday, October 31st, 2017
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Kenya: Chronicle Of A Recession Foretold

Uhuru Kenyatta won the rerun of the presidential elections (the first run had been previously invalidated by the Supreme Court) after Raila Odinga’s withdrawal and despite his call for a boycott. In a context More...

By AvaTrade On Tuesday, October 31st, 2017
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Daily Market Analysis – 31.10.2017

Currency Event Previous Forecast Market Summary Asian markets were mixed on Monday, with Chinese linked markets falling, while the rest of the region saw modest gains. After remaining quiet last week during the More...

By ActionForex On Tuesday, October 31st, 2017
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Yen Firm After BOJ Stands Pat, Lowers Inflation Projections

The Japanese Yen traders mildly firmer this week and maintains gains after BoJ stands pat and lowers inflation forecast. Risk appetite recedes as traders are preparing for big events like BoE and NFP later in the More...

By AvaTrade On Tuesday, October 31st, 2017
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The Dollar Index Rally On The Weekly Chart Sees Risk Of Coming To An End?

Summary: The fell further to correct the prior up move for a potential wide trading in a range of 94 and 95. The macroeconomic data release today to watch include policy decision from BOJ and both CPI for October More...

By gossewestra On Tuesday, October 31st, 2017
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Lackluster Euro-Zone GDP, CPI to Fuel EUR/USD Losses

– Euro-Zone Consumer Price Index (CPI) to Hold Steady at Annualized 1.5%. – 3Q Gross Domestic Product (GDP) to Expand Another 2.3% Per Annum. – New to Forex? Get started with this Free Beginners More...