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(Adds missing “cuts” in first bullet, no other changes to text) By Chibuike Oguh and Stefano Rebaudo NEW YORK (Reuters) – The U.S. dollar slipped in choppy trading on Wednesday as markets grappled with the supersized 50 basis point interest rate cut, as well as the switch to an easing monetary policy stance delivered by…
Gold Eyes New Gains: Will It Sparkle Again? – Action Forex
Key Highlights Gold is attempting a fresh increase from the $2,350 support zone. It cleared a connecting bearish trend line with resistance at $2,388 on the 4-hour chart. Oil prices extended losses and traded below $75.50. The US ADP employment could change by 150K in July 2024. Gold Price Technical Analysis Gold prices found support…
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BoC: Cautious hold as energy risks build – TD Securities | FXStreet
TD Securities, led by Robert Both and colleagues, expects the Bank of Canada to leave the policy rate at 2.25% in March. The statement is projected to stay cautious, balancing softer Canadian growth and moderating core inflation against upside inflation risks from higher Oil prices linked to the Iranian conflict. Guidance is seen keeping all…
