Month: July 2018

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  Discount rate minutes show directors "were positive about the economic outlook"

  Highlights of the discount rate meeting minutes - 11 directors sought a rate hike in late-May, early-June meetings - NY didn't vote but typically doesn't[...]
  2018-07-11 22:11:19

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  What's priced in for the Bank of Canada decision on Wednesday

  A hike is virtually a done deal The market is almost-certain the Bank of Canada will hike rates on Wednesday. The OIS market is pricing[...]
  2018-07-11 22:11:19

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  Trade rhetoric escalation accelerates flattening of US yield curve

  The 2s-10s spread continues to narrow further, down to 27 bps ForexLive There are two things that have been giving added support for a flatter[...]
  2018-07-11 19:28:53

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  Italy's Di Maio says government is not working on a euro exit

  Italy's Luigi Di Maio reiterates commitment to the euro
  2018-07-11 19:28:53

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  European equities open softer as trade tensions weigh

  Softer start to proceedings ForexLive Not much of a surprise given the beating Asian stocks took on the day. The Hang Seng is now down[...]
  2018-07-11 19:28:53

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  Sterling gets a bit of a jolt higher in the session

  Small spike in sterling sees cable move to a high of 1.3285 before backing off ForexLive GBP/USD was trading around 1.3260 levels before jumping up[...]
  2018-07-11 19:28:53

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  China reiterates that it will take countermeasures in trade against US

  This time comments by China's foreign ministry - China will protect its legitimate rights - China stands on the right side of history to protect[...]
  2018-07-11 19:28:53

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  Draghi doesn't touch on monetary policy in Frankfurt speech

  ECB president Draghi delivered the opening address at the 9th ECB Statistics Conference ForexLive
  2018-07-11 19:27:06

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  FX market remains tepid awaiting China's retaliatory action

  Risk-off sentiment remains from Asian trading, but little change of note ForexLive It's been a dud of a session so far as most major currencies[...]
  2018-07-11 19:27:06

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  Let's look ahead to the Bank of Canada meeting later today

  The wait for China's response has put markets in a coma ForexLive I'd imagine equal tariffs and levies are the lightest form of retaliation that[...]
  2018-07-11 19:27:06

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