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Week 38 data: Central banks & Fed in focus
This week, the markets started with higher activity as oil continued its recent strong gains and gold’s recovery also seemed to be gathering pace. The dollar was near six-month highs while Asian and European shares were mostly more cautious. This preview of weekly data looks at XAUUSD and GBPUSD ahead of critical meetings of central banks over the next few days. Last week the European Central Bank called for a single hike, which was not widely expected, taking the main refinancing rate to 4.5%. The Central Bank of the Russian Federation also hiked its key rate a full percent to 13%, citing inflation and the ongoing ... (full story)
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From think.ing.com|Sep 18, 2023Investor expectations for the Bank of England have come a long way since the start of July. Back then markets were pricing four more rate hikes, in addition to the one in August. ...
From statcan.gc.ca|Sep 18, 2023Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 1.3% month over month in August and fell 0.5% year over year. Prices of ...
From newmont.com|Sep 18, 2023Newmont Corporation (NYSE: NEM, TSX: NGT) today announced that, following a review by Australia’s Foreign Investment Review Board (FIRB), the Treasurer has cleared the Company to ...
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From brecorder.com|Sep 18, 2023Chile’s Codelco is ending long-term contracts to sell copper concentrate to Chinese clients from 2025, bidding to broaden its product offering to them after evaluating its ...
From @DeItaone|Sep 18, 2023tweet: YELLEN: PREMARTURE TO FORECAST IMPACT OF UAW STRIKE ON US ECONOMY -CNBC INTERVIEW tweet: YELLEN: LABOR MKT COOLING, DOESN'T INVOLVE SIGNIFICANT LAYOFFS tweet: US TREASURY SECRETARY YELLEN: JOB OPENINGS ARE STILL HIGH, SHOWING A HEALTHY LABOR MARKET. tweet: *Yellen: Expect to See Some Impacts From Fed Rate Increases *Yellen: There Are Lags in Monetary-Policy Impact on Economy *Yellen: Don’t See Any Signs Economy is at Risk of Downturn tweet: YELLEN: US WATCHING OIL PRICES VERY CLOSELY -CNBC
From brecorder.com|Sep 18, 2023Copper was supported on Monday by expectations that the global interest rate tightening cycle is close to ending, but worries about demand in top consumer China and rising ...
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- Posted: Sep 18, 2023 9:13am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 100
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