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Markets Fed vice-chair Jefferson came with an important message to his colleagues. The current diversity of viewpoints among policymakers lends to stimulating debates and ultimately better policy. But… there’s a but… in such a situation, more communication could increase rather than reduce uncertainty about Fed policy. “The potential for misinterpretation is especially acute when many […]

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26/07/2024

Oil Price Reversal Ahead? Chart Patterns Indicate Possible Bounce at Support

Oil prices have faced challenges recently, but buying pressure prevented a drop below $80. Technical indicators suggest potential for an upward bounce, with key resistance levels to watch. Fundamental factors like Canadian wildfires, US stockpiles, and rate cut expectations support oil prices. Oil prices faced challenges yesterday until buying pressure during the US session prevented […]
09/07/2024

Australian Dollar Drifting After Mixed Confidence Data

The Australian dollar continues to show little movement this week. AUD/USD is trading at 0.6638 in the European session, up 0.02% on the day. Australia released mixed confidence indicators earlier today while there are no US economic releases. Federal Reserve Chair Powell testifies before the US Senate banking committee later today. Australian confidence indicators presented […]
03/06/2024

ECB to Make the First Move

ECB meets on Thursday; a rate cut is expected Market will look for hints of back-to-back rate cuts A dovish rate cut could match expectations and push euro/dollar lower Decision will be announced on Thursday 12:15 GMT, press conference at 12:45 GMT A 25bps rate cut is expected On Thursday, the ECB will hold its […]