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“Were the FOMC to delay the start of policy normalization for too long, we would likely end up having to tighten policy relatively abruptly to keep the economy from significantly overshooting both of our goals,” Fed Chair Yellen told the Economic Club of Washington...
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The AUD is back trading with a 73 handle for the first time since 19 October, helped along by a disappointing US ISM Manufacturing print. While the AUD was already in an upward trend following yesterday’s solid October building approvals number, yesterday’s fall...
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US markets were open on Friday, though more in body than spirit. The major Indices were little changed. The one big stock market mover on Friday was China, the Shanghai Composite down 5.48% on news that the China Securities Regulatory Commission (CSRC) had put Citic,...
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In the 1975 Steely Dan classic, the song Black Friday refers to a 24 September 1869 ploy by a group of wealthy US investors to corner the Gold market and drive the price higher, but who were subsequently foiled when the Government got wind and released $4 million...
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Markets were rattled just as I posted my commentary yesterday morning following news that Turkey had shot down a Russian fighter jet near the Syrian border, after allegedly repeated warnings of Turkish airspace violation. Reaction to the news saw European stocks and...
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Friday’s session was hallmarked by comments from ECB President Draghi, which kept markets on the scent for a range of easing measures at next week’s hotly-anticipated meeting. As a result, EUR underperformed among currencies, and European equities reversed early...
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