Fundamental analysis of Forex market

BoC: Poloz Bumps Up Borrowing Costs, But Caution Still the Word

The Bank of Canada increased its key monetary policy interest rate by 25bps this morning, to 1.25%. The decision was accompanied by the latest Monetary Policy Report (MPR), which provided ...
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Gold Edges Lower as US Posts Strong Manufacturing Numbers

Gold has posted slight losses in the Wednesday session. In North American trade, the spot price for an ounce of gold is $1336.32, down 0.18% on the day. On the ...
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Dollar Remains in Green; Bank of Canada Decision the Session’s Highlight

Here are the latest developments in global markets: FOREX: The US currency remained in the green versus a basket of currencies, while it is of note it managed to rebound ...
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CAC Yawns As Eurozone Inflation Inches Lower

The CAC index is unchanged in the Wednesday session. Currently, the index is at 5510.80, down 0.05% on the day. On the release front, there were no surprises from Eurozone ...
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BoC Decision Eyed As Bitcoin Tumbles Again

US Futures Recover After Worrying Sell-Off on Tuesday BoC Rate Hike Almost Fully Priced in; Bitcoin Tests $10,000 as Speculators Abandon Ship. US Futures Recover After Worrying Sell-Off on Tuesday ...
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Are Crypto-Assets Ready For A Bounce Back?

Crypto-market stabilizes after massive sell-off The entire crypto-asset market went through a massive sell-off since the beginning of the week with the total market capitalisation shrinking by $262 billion, down ...
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Australia’s Westpac Consumer Confidence Notched A 4-Year High Level In January

For the 24 hours to 23:00 GMT, the AUD declined 0.1% against the USD and closed at 0.7958. LME Copper prices declined 2.2% or $157.0/MT to $7023.0/MT. Aluminium prices declined ...
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Germany’s Inflation Slowed As Initially Estimated In December

For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.2260, after few members of the center-left Social Democrats (SPD) voted against opening ...
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UK’s Consumer Price Inflation Slowed As Expected In December

For the 24 hours to 23:00 GMT, the GBP slightly declined against the USD and closed at 1.3790, after UK's annual inflation eased from a nearly 6-year high level in ...
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Japan’s Machinery Orders Unexpectedly Surged To Its Highest Level In A Decade In November

For the 24 hours to 23:00 GMT, the USD declined 0.18% against the JPY and closed at 110.38. In the Asian session, at GMT0400, the pair is trading at 110.62, ...
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Cryptocurrency Bloodbath: Bitcoin Below $12K

Today's small gain in the dollar or the fall in the pound following the publication of UK inflation data was nothing compared to the sell-off in crypto currencies. Bitcoin was ...
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