Top trade idea for September 23rd, 2016 – NZD/USD

Here are key sentences from two central bank statements this week Reserve Bank of New Zealand:  “Our current projections and assumptions indicate that further policy easing will be required to ensure that future inflation settles near the middle of the target range”. US Federal Open Market Committee:  “The Committee judges …

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WTI/USD – US Crude Climbs as Weaker Dollar Buoys Sentiment

US crude has posted considerable gains on Thursday, continuing the upward movement which marked the past two sessions. In North American trade, WTI/USD futures are trading at $46.40 per barrel. Brent futures have risen to $47.64, as the Brent premium continues to narrow and stands at $1.24. In economic news, unemployment …

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BoE: UK faces ‘Challenging Period’ For Financial Stability

Britain still faces a “challenging period” for financial stability despite resilience seen after the European Union referendum, and rules for banks must remain stay tight, the Bank of England said on Thursday. Britain’s government is keen to ensure London retains its place as Europe’s leading financial center even after the …

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Gold/Silver Ratio: Flirting with Support

Ahead of tonight’s FOMC the Gold/Silver Ratio Chart is worth more than a passing glance In the bullion trade, the Gold/Silver ratio is known as the “mint” ratio. I won’t bore you with the reasons; Google can help there. Needless to say, it involves a double metal standard and the …

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BOJ UNCHANGED: Passes the buck to the Fed

The Bank of Japan has left rates unchanged at -0.1 % with the option of cutting rates further in the future. Overall it has changed some operations within its policy, but the general feeling is one of fiddling with the details as opposed to any substantive new policies. Among the …

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