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FUNDAMENTAL ANALYSIS BY NSFX 28.07.2017
Good Morning. The Japanese Yen enjoyed a moment of appreciation after a set of encouraging employment and in-line CPI readings crossed the wires. CPI excluding fresh food (which is the target inflation benchmark for the Bank of Japan) held steady at 0.4% year on year in June, the highest over 2 years. On the other[...]
FUNDAMENTAL ANALYSIS BY NSFX 27.07.2017
Good Morning, The Dollar licked its wounds at 13-month lows against a basket of major European currencies on Thursday after the US Federal Reserve’s more cautious wording on the inflation outlook bolstered views it might not hike interest rates again this year. As expected, FOMC maintained the fed funds target range at 1-1.25%. The recognition[...]
FUNDAMENTAL ANALYSIS BY NSFX 26.07.2017
Good Morning, The Aussie depreciated against its major counterparts after a softer set of inflation data crossed the wires. Headline CPI increased 1.9% in the second quarter against the 2.2% expected. Meanwhile, the trimmed mean measurement came in at 1.8% in line with expectations. More is to come from the economic docket that may continue[...]