The Australian and New Zealand dollars each fell 0.6%, with the latter sinking to its lowest level in a year of $0.5815; however, this dip is not unexpected as these currencies are prone to global pendulum swings. Sterling, also subject to peaks and troughs, was down 0.2% at $1.2118, while the euro remained steady at…
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On Monday's trading session, however, the silver market experienced a small fallback as the 50-day EMA helped the market gravitate towards the $22.50 level. The market will be under constant observation to determine if it can hold a support level. On the Multi Commodity Exchange (MCX), India, gold prices continue to fall; analysts suspect the…
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Some investors believe this is just the tip of the iceberg and predict government bonds will weaken even further. They may have a point, as both US and German government bond yields were pegged for significant quarterly increases but failed to live up to expectations. Poor performances dashed the hopes of fund managers who thought…
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Serving as the Fed’s preferred measure of inflation, the PCE price index rose 3.3% in the twelve months to July (in line with economists’ estimates), up from 3.0% in June. The core PCE price index for the same period, which excludes food and energy, rose 4.2% in July (also in line with economists’ estimates), up…
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Although the dollar has now recovered from a one-week low, the lack of job creation paired with wage gain and a seemingly decreased unemployment suggests that the Federal Reserve may keep interest rates higher for longer. Chief Market Analyst at KCM Trade, Tim Waterer noted that the increase in hourly earnings is a stark reminder…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for December 19, 2018. Highlights include: Crypto Market Rebound Due to Sentiment & Short Squeeze: The crypto market has gotten boosts from news that Tether has the reserves it claims, as well as an update from…
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