Month: January 2022

According to the accounts of the December European Central Bank monetary policy meeting, it was cautioned that a “higher for longer” inflation scenario could not be ruled out.  Additional Points:  “Members concurred that the recent and projected near-term increase in inflation was driven largely by temporary factors that were expected to ease in the course
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The aussie is leading gains so far on the day, with a stronger jobs report earlier bolstering RBA rate hike expectations and that is helping to keep the currency firmer. Adding to that is of course the better risk mood on the day, although we are seeing equities trim gains in the opening half-hour of
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NEW DELHI: Gold prices were trading flat on Thursday, edging marginally lower, after steadying near a two-month peak, hit during the previous session. Higher US Treasury yields prevented any gains amid caution building around developments at the US Federal Reserve’s meeting due next week. Gold futures on MCX were flat, marginally down by 0.01 per
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Australian Dollar rises broadly in Asian session today following much stronger than expected job data. Expectation for RBA tightening is increasing with calls for a hike as soon as in August. Canadian Dollar is also firm together with bullish strength in oil prices. As China’s rate cut is lifting sentiment, Yen and Dollar are turning
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AUD/USD reversed early Asian losses on upbeat Aussie employment data. Australia Employment Change rose past forecast, Unemployment Rate dropped in December. Aussie Consumer Inflation Expectations eased, Westpac Consumer Confidence dropped for January. Market sentiment dwindles as yields regain after Biden’s speech but stock futures print gains too. AUD/USD takes the bids to 0.7230, up 0.20%
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Canadian Dollar jumps higher again after data should consumer inflation rose further to multi-decade high. On the other hand, Dollar is paring some gains as stock markets are trying to recover. As for the week so far, Euro remains the worst performing one. Sterling is next and will look into BoE Governor Andrew Bailey’s comments.
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Decentralized technologies are about to revolutionize the global financial system and its institutions. Decentralized Finance (DeFi) offers interesting potential to reduce costs and increase the speed of payments by eliminating friction in terms of technology, contracting and coordination between several parties. DeFi delivers on the promise of faster, better, and cheaper payments, but a number
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EUR/USD regains the smile following recent strong pullback. The YTD low at 1.1272 emerges as the next support. EUR/USD regains some buying interest after bottoming out in the proximity of 1.1310 on Tuesday. The bias appears tilted to further retracement in the very near term. That said, a deeper decline remains on the cards if spot breaks below the weekly
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