ECB cuts key rates by 25 bps in October monetary policy decision, as expected

Prior decisionDeposit facility rate 3.25% vs 3.25% expectedPrior 3.50%Main refinancing rate 3.40% vs 3.40% expectedPrior 3.65%Marginal lending facility 3.65%Prior 3.90%Incoming information shows that the disinflationary process is well on…

US Retail Sales to Drive Fed Policy: How Will Gold, Equities, and USD React?...

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Six companies that can grant LMIA-exempt work permits in Canada are now hiring...

Foreign nationals may be eligible for an LMIA-exempt work permit if hired by one of eight Canadian companies, largely based in the tech sector. Earlier this month, Immigration, Refugees and Citizenship Canada (IRCC) introduced…

Gold (XAU) Price Forecast: Will Acceleration to Upside Follow Move to New Record High?...

US Rate Cuts and Election Concerns Drive Demand for Gold Gold’s latest climb is largely driven by expectations of further rate cuts from the U.S. Federal Reserve and heightened uncertainty around the upcoming U.S. presidential election.…
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EUR/USD Forecast: Euro Slips in Anticipation of ECB Charge Minimize...

Market members anticipate the ECB to chop rates of interest. The greenback rose attributable to growing bets for a Trump win. Merchants await the US retail gross sales report for extra clues on future Fed strikes. The EUR/USD forecast…

AUDUSD Technical Analysis – Breakout or fakeout?

Fundamental OverviewThe US Dollar has been gaining ground across the board this week despite the lack of economic data and lower Treasury yields, essentially moving forward by inertia.Stanley Druckenmiller said in an interview yesterday that…
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AUD/USD Outlook: Upbeat Australian Jobs Briefly Lifts Aussie...

Australia’s financial system added 64,100 jobs in September, effectively above the forecast of 25,000. The Aussie pulled again as China’s stimulus disillusioned. The US greenback remained stable as traders priced a probable…

USDCAD Technical Analysis – Testing a key resistance

Fundamental OverviewThe US Dollar has been gaining ground across the board this week despite the lack of economic data and lower Treasury yields, essentially moving forward by inertia.Stanley Druckenmiller said in an interview yesterday that…

Euro Set for Volatility: ECB’s Next Move May Reshape European Economic Landscape...

Rate Cut Roulette: The Game-Changer for Markets The anticipated interest rate cut by the ECB isn’t just another number on a banker’s spreadsheet – it’s a potential catalyst for sweeping market changes. With two cuts already implemented…

Oil Information: Merchants Eye US Stock Knowledge as Crude Oil Futures Hover Close to Key Assist...

OPEC Cuts Demand Forecast as Oil Costs Slip Brent and U.S. West Texas Intermediate (WTI) crude each fell to their lowest ranges since early October, pushed by OPEC’s downward revision of worldwide oil demand forecasts for 2024 and 2025.…