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Loonie Bears caught off guard by Poloz’ Hawkish speech

The Bank of Canada’s governor Stephen Poloz surprised the market on Thursday by issuing an upbeat statement on the economy. A week before Poloz had issued a dovish interest rate statement. The unexpected U-turn came up when Poloz delivered a

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EU-UK Trade Talks Postponed to March

Yesterday, the market was looking for the EU leaders to give the go-ahead for talks on the UK’s future relationship with the former. While the statement made at the end of the Brussels summit acknowledged that sufficient progress was made

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Euro Up on Stronger than Expected Industrial Production

As expected, the US Fed raised rates on Wednesday. However, the US dollar did not move up against its rivals. In fact, the Greenback fell against the Euro dollar. Analysts point out two reasons for that. Firstly, the market had

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Threat Of Banks Moving Due To Brexit Significantly Reduced

There were multiple media outlets and financial analysts predicting that Brexit would result in multiple banks and financial institutions moving their operations out of London. Those predictions have now been debunked as the number of financial jobs expected to move

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Fed Lifts Rates by 25 bps, Maintains FY18 Policy Outlook

The US Federal Open Market Committee (FOMC) meeting took place on Tuesday and Wednesday to set monetary policy. At the end of the meeting, the Federal Reserve released its policy statement, revised economic forecasts and “dot plot” projections of future

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UK inflation rises above 3% for first time since 2012

Traders can expect the Brexit news to lose prominence, at least temporarily, for the next few days as the market shifts its focus to UK wage data, which would be announced later today, and Bank of England’s policy meeting scheduled

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Adrian Orr appointed as new RBNZ Governor

The New Zealand Finance Minister Grant Robertson announced Monday that he has appointed the current Superannuation Fund chief executive Adrian Orr as the new Reserve Bank Governor. Following the announcement, the New Zealand dollar rallied against the Greenback to trade

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Upbeat capacity utilization rate turns Loonie bullish

Last week, the Canadian dollar fell against the Yen, after the Bank of Canada left the overnight benchmark interest rates unchanged at 1%. While the decision was on expected lines, the market was disappointed due to the lack of hint

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South Korea bans Bitcoin futures

The South Korean traders often lead the price rallies in the crypto currency market. However, the government of South Korea is increasingly taking a tough stance against the nascent and evolving market. The latest in the list of tough measures

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US Digital Bank Uphold Adds Crypto currency Dash

The value of crypto token DASH almost quadrupled in November to hit a high of $824. Earlier in November, the developers released a network update (version 12.2 of the Dash core software) to increase the transaction size for each block

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