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13.12.18 - 14:57
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Markets: Event risk builds in Q1 - AmpGFX (FXstreet)
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Greg Gibbs, analyst at Amplifying Global FX Capital, suggests that there are significant event risks and asset market uncertainty in Q1 next year as the US President could be at loggerheads with the Democrat-held House of Reps, facing pressure from t...
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13.12.18 - 14:14
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Fed: 25bp hike looming in December - ING (FXstreet)
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Analysts at ING point out that markets are broadly expecting a 25bp rate rise on Wednesday and they expect the same as the US economy is booming, inflation is at or above the 2% target and the jobs market is finally generating wage pressures.
Key Qu...
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13.12.18 - 14:14
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ECB: End of QE confirmed - TDS (FXstreet)
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Richard Kelly, head of global strategy at TD Securities, points out that today’s ECB decision has given green signal for the end of its QE program.
Key Quotes
“The ECB decision today confirmed our expectations that (1) QE will end this ...
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13.12.18 - 14:07
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Fed: 2019 rate hikes forecast reduced to two - TDS (FXstreet)
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Analysts at TD Securities are reducing their forecast for Fed rate hikes in 2019 from three to two as the central bank adopts more of a risk management and data dependent stance, and downshifts to a slower pace of rate hikes next year.
Key Quotes
&...
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13.12.18 - 14:03
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ECB: It′s the end of QE - ING (FXstreet)
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Carsten Brzeski, chief economist at ING, points out that the ECB has just announced the end of its net asset purchasing programme (QE).
Key Quotes
“What looks like pure boredom is, in fact, the result of masterly communication, setting i...
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13.12.18 - 13:49
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ECB monetary policy decision transcript (FXstreet)
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ECB monetary policy decisions
13 December 2018
At today’s meeting, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facil...
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13.12.18 - 13:49
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China: Retail sales likely to pick up - TDS (FXstreet)
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Analysts at TD Securities suggest that Chinese retail sales slowed to a 5-month low in Oct to 8.6% y/y, but could see some respite in Nov, with consensus looking for a pick up to 8.8% y/y.
Key Quotes
“This ought to keep the YTD pace at 9.2% y...
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13.12.18 - 13:49
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ECB keeps interest rates unchanged, as widely expected (FXstreet)
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The European Central Bank (ECB) kept its monetary policy unchanged as expected on Thursday, maintaining the key deposit rate at -0.40%.
The main refinancing rate, which determines the cost of credit in the economy, remained unchanged at 0.00% while ...
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13.12.18 - 13:43
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GBP: Outlook still clouded by politics - Rabobank (FXstreet)
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According to Jane Foley, senior FX strategist at Rabobank, by holding on to her job, PM May has removed one layer of political uncertainty but, the risks related to Brexit remain essentially unchanged.
Key Quotes
“The risks for GBP are ...
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13.12.18 - 13:09
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OPEC′s oil-cut pledge is vague - Report (FXstreet)
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According to a Reuters report, OPEC’s supply-cutting deal agreed last week was rather vague as it did not publish individual oil output targets.
Analysts are saying that if each OPEC country is believed to curb output by the expected 2.5...
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13.12.18 - 12:54
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Norges Bank stays on the hiking path - ING (FXstreet)
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Jonas Goltermann, Developed Market Economist at ING, notes that the Norges Bank has maintained its policy rate at 0.75% today with policy statement giving a clear commitment that the next rate hike will come in March 2019.
Key Quotes
“The int...
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13.12.18 - 12:44
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Spain: Uncertain outlook - Rabobank (FXstreet)
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The analysis team at Rabobank points out that since the outbreak of the crisis, the Spanish government has implemented many reforms, but outlook for further reforms is questionable.
Key Quotes
“Despite the strong and ongoing recovery still fe...
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13.12.18 - 12:37
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Global growth slowed noticeably in Q3 - NAB (FXstreet)
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Analysts at NAB note that global growth has slowed noticeably in Q3 after four quarters of fairly stable growth as it slipped to 3.6% yoy.
Key Quotes
“Emerging markets were the main driver of this slowdown, led by India and East Asia (excludi...
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13.12.18 - 12:33
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Norges Bank signals March hike - TDS (FXstreet)
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Analysts at TD Securities point out that the Norges bank signaled a March hike at their December meeting but emphasized a cautious approach to raising rates thereafter.
Key Quotes
“The Bank revised lower their rate path yet again for 2020 and...
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