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10 Jul 2018

BoC to hike this week - AmpGFX

Greg Gibbs, Founder, Analyst, & PM, Amplifying Global FX Capital Pty Ltd, an Australian financial services company explained that the market is on board for a BoC hike this week but appears to have been lulled into thinking that’s it until next year.  

Key Quotes:

"However, the Bank of Canada has policy set still well below neutral, despite an economy and inflation largely on target and growth above trend."

"More likely is that they come off their mini pause and step up the pace to what will still be described as gradual policy tightening by hiking several times over the year ahead."
 

Jul 10, 2018

Brexit: political risks have diminished somewhat but have not disappeared - Scotiabank

Analysts at Scotiabank explained that despite all of yesterday’s gnashing and wailing over Brexit policy and the future of PM May, the committee meeti
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Jul 10, 2018

Gold steadies near $1255 as US Dollar goes into consolidation below 94

The tory ounce of the precious metal dropped to a fresh weekly low at $1247 earlier today but retraced the majority of its daily losses in the NA sess
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