FX

In an interview with Reuters on Tuesday, European Central Bank (ECB) policymaker Bostjan Vasle said there are early signs that wage pressures in the euro area could become material and pose inflation risks. Additional takeaways “ECB should end the Pandemic Emergency Purchase Program (PEPP) in March if economic trends continue.” “Real financing conditions remain favourable despite nominal
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GBP/USD Forecast: Will the British pound look past Brexit developments? GBP/USD has been moving in an ascending channel since late September. UK’s Frost says there is still a gap between the EU and the UK negotiating positions. Near-term technical outlook points to additional gains as long as 1.3700 support holds. The GBP/USD pair preserved its
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Procter & Gamble’s fiscal quarter earnings report is due on October 19, 2021. The multi-national corporation reported $76.1 billion in net revenues for 2021, a 7% increase over the previous year. Organic revenues grew 6%, driven by a 3% rise in organic volume, excluding the effects of foreign exchange, acquisitions and divestitures. Due to a
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The British pound continues its rally against the Japanese yen on the back of BoE’s hiking rates expectations. The market sentiment is upbeat, boosting risk-sensitive currencies like the Sterling. Japanese Finance Minister said that currency stability is “very important” and will keep an eye on the forex market moves. The GBP/JPY extends its seven-day rally
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AUD/USD continues its northerly trajectory supported by higher energy and covid vaccinations optimism.  China remains a significant risk to Australia’s export-dependent economy. AUD/USD is second to only the Canadian dollar on Wednesday in New York closing in the cunt down to Thursday’s Asian session’s key event that will reveal Australia’s jobs data for September. At the closing
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