European Indices on Track for Best Weekly Rally Since Feb, Surprising Dovish ECB Taper Buoys

ECB’s surprising dovish taper announcement on Thursday triggered rally across European equity markets.  The European indices remain on track for its best week since February, having reached its highest level in 11 months yesterday. European equity indices have been sharply outperforming their US counterparts as the region’s banking sector extended rally to reach its highest ...

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Brazil Inflation Slows More Than Expected In November

Brazil’s annual inflation slowed more-than-expected in November, data from the statistical office IBGE showed Friday. The consumer price index climbed 6.99 percent year-on-year following 7.87 percent in October. Economists had forecast a figure of 7.10 percent. Compared to the previous month, the CPI rose 0.18 percent after climbing 0.26 percent ...

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Fxwirepro: Reassessing Gold Outlook

In our recent article at FxWirePro, we suspected that the yellow metal would correct to as low as $1155 per troy ounce. We use the word correct as we continue to believe that gold is in a bullish trend. We have been long on gold since the price was 41090 ...

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Euro Steady Ahead Of German Trade Data

At 2:00 am ET Friday, Destatis is slated to issue Germany’s external trade data for October. Exports are forecast to grow 0.9 percent on month and imports to rise 1.1 percent. Ahead of the data, the euro held steady against its major rivals. The euro was worth 1.0616 against the ...

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Euro Extends Fall As ECB Extends QE

The euro weakened against most major currencies in the Asian session on Friday, following the European Central Bank’s decision to extend its monthly bond buying program till the end of December 2017, although at a slower pace of 60 billion euros a month. In the policy session in Frankfurt on ...

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