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ECB’s Stournaras: Policy should continue with a series of rate cuts at the next meetings
European Central Bank (ECB) Governing Council member Yannis Stournaras said on Thursday that “policy should continue with a series of rate cuts at the next meetings.” Additional quotes Our moves should be gradual and cautious based on the available data.
19 hours ago
USD/CAD Price Forecast: Extends recovery above 1.4400
The USD/CAD pair gains traction to near 1.4405 during the early European session on Friday.
21 hours ago
US Dollar Index moves above 109.00, upside potential seems limited due to dovish Fed
The US Dollar Index (DXY), which tracks the US Dollar’s (USD) performance against six major currencies, halts its four-day losing streak, trading near 109.10 during the Asian hours on Friday.
21 hours ago
China’s NBS: Domestic demand is insufficient
Following the publication of the high-impact China’s fourth-quarter growth and December activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Friday.
22 hours ago
EUR/USD softens below 1.0300 on ECB gradual rate cut bets
The EUR/USD pair weakens to near 1.0290 during the early European session on Friday.
22 hours ago
EUR/USD strung along 1.03 ahead of thin Friday docket
EUR/USD middled through Thursday’s market action with bids hung up on the 1.0300 price handle.
Fri, Jan 17
Gold extends recovery on rate cut expectations
Gold’s price (XAU/USD) edges higher for the third day in a row and recovers initial weekly losses, rising above the $2,700 level at the time of writing on Thursday.
Thu, Jan 16
USD/JPY: BoJ MPC is live – OCBC
USD/JPY fell in reaction to a volley of comments from BoJ officials, that seem to point to high likelihood of a hike at the upcoming MPC (24 Jan). Pair was last seen at 155.82 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
Thu, Jan 16
WTI trades $78.50 after pulling back from six-month highs
West Texas Intermediate (WTI) Oil price retreats after reaching six-month highs, gaining more than 3%, in the previous session, trading around $78.50 per barrel during the European hours on Thursday.
Thu, Jan 16
JPY: BoJ hike speculation continues to build – ING
Another day and another set of source stories ahead of next week's Bank of Japan meeting, ING’s FX analyst Chris Turner notes.
Thu, Jan 16
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