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BoE’s Swati Dhingra said on Wednesday that the British central bank could deepen an expected recession if its pushes up borrowing costs beyong the present level.“You could think of getting into a much deeper, much longer recession if rates continue to rise because there is already about a fairly sizeable …

On Wednesday, ECB Vice President Luis de Guindos said the central bank needed to keep inflation expectations anchored. In a report published Wednesday, the ECB said households and businesses were under pressure from high rates, a poor economic outlook and monetary tightening; but government support needed to be “targeted.”De Guindos …

On Wednesday, the US Dollar Index continues to erase its daily losses following the comments by important Fed and was last seen losing 0.17% on the day at 106.38.New York Federal Reserve President John Williams said that the monetary policy is not the best tool to address financial stability risks, …

US October Industrial Production will be reported on Wednesday, November 16 at 14:15 GMT and is expected at 0.2% month-on-month vs. 0.4% in September. Here you can find the expectations as forecast by the economists and researchers of three major banks regarding the upcoming data. Citibank “Industrial Production should rise …

On Wednesday, the dollar hit just over multi-month lows against most major currencies, as flows supporting the safe-haven currency slowed after US President Joe Biden said a missile that caused an explosion in Poland may not have been launched from Russia. NATO allies Poland and Ukraine said on Tuesday that …

The American Petroleum Institute said that oil inventories fell by 5.8 million barrels in the week ending on the eleventh of November. The American Institute stated in its weekly report that gasoline stocks rose by 1.7 million barrels, and distillate stocks rose by 850 thousand barrels. Today, Wednesday, the US …

European stocks opened slightly lower on Wednesday, November 16th, with Mercedes-Benz Group leading the decliners in the auto sector, while an explosion in Poland kept sentiment weak and pushed defense stocks higher. The Stoxx Europe 600 Index lost 0.2%. Mercedes-Benz shares fell 3.5% after a report said that the German …

Japan’s Nikkei index recovered losses to end higher on Wednesday, after fears of an escalation in the Ukraine crisis faded after US President Joe Biden said an explosion in NATO member Poland may not have been caused by a missile fired from Russia. The Nikkei index increased by 0.14 percent, …

Oil, Crude, trading

Strong negative trades dominated the Canadian dollar’s movements within the main bearish trend, as we expected, approaching by a few pips from the official target of 1.3200, recording its lowest level at 1.3224. Technically, we tend in our trading to be negative, relying on the negative pressure coming from the …