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Federal Reserve’s ‘Doomsday book’ reveals vast power claimed by central bank
After years of speculation, the Federal Reserve has released its so-called “Doomsday Book”—an internal document that outlines the vast power the central bank can claim during times of financial emergency. The Doomsday Book was recently released by the Fed in response to a Freedom of Information Act
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Fed vs BoJ: Imports and exports
In BOJ Minutes and Statements dated to 2012, the economy is always recovering moderately. Most vital to statements is Rsks to overseas economies. The risk aspect is directed at the Fed to hold and allow positive trade. As mentioned, current trade hangs in the balance. End of month and as usual BOJ i
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GBP/USD: More range trading in Cable in the short run – Scotiabank
GBP/USD trades flat on the day after failing to hold gains to the upper 1.2600s. Economists at Scotiabank analyze the pair’s outlook. Support is 1.2600, resistance is 1.2665 The GBP/USD pair failed to generate much lift and Cable’s intraday peak around 1.2665/1.2770 on Tuesday morning may have set a
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Asian Shares Mixed; Nikkei Surges On Weak Yen
Asian stocks ended mixed in a holiday-shortened week on Wednesday, with Chinese and Hong Kong markets leading regional losses on growth worries while Japanese stocks rallied on yen weakness amid dovish BOJ talk. The dollar held steady as investors awaited more signals from U.S. inflation data and Fe
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Sweden Holds Key Interest Rate At 4.00% As Expected
Sweden's central bank decided to leave its key interest rate unchanged on Wednesday and hinted at rate cut in May or June. The Executive Board of Riksbank decided to hold the policy rate at 4.00 percent. Although the risk of inflation becoming entrenched at levels that are too high is continuing to
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Freeport-McMoRan (FCX) Should Continue Upside
Freeport-McMoRan Inc., (FCX) engages in the mining of minerals in North America, South America & Indonesia. It primarily explores for Copper, Gold, Molybdenum, Silver & other metals. It is based in Phoenix, Arizona, US, comes under Basic Materials sector & trades as “FCX” ticker at NYSE.
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Yen rebounds on intervention threat [Video]
Last week’s BoJ meeting and the market reaction to the meeting was a complete disappointment for the yen bulls. Finally, authorities had to step in this Monday and warn against speculative moves. The yen is stronger this morning, the Nikkei is down by nearly 1%. The FX warnings could limit the selle
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EUR/USD at risk of downside break to 1.0650
Key highlights EUR/USD started a fresh decline from the 1.0950 resistance zone. It traded below a key contracting triangle with support at 1.0840 on the 4-hour chart. EUR/USD technical analysis Looking at the 4-hour chart, the pair traded below a key contracting triangle with support at 1.0840. It s
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Aussie and Kiwi tumble, Chinese Yuan plunges to four-month low
Euro, Sterling slide, JPY steadies, Dollar Index (DXY) soars Summary: China’s Offshore Yuan plunged to a 4-month low against a resurgent Greenback on speculation that Chinese officials would ease policy further to support the economy. The USD/CNH pair ratcheted to 7.2750, a 4-month high at the New Y
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Pull-up Update