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Has ‘Reopening’, ‘Brexit’ and ‘Tapering’ closed the doors for recovery in pound?
- July 29, 2021
- Posted by: Amit Pabari
- Category: Market
No CommentsAfter topping out near 1.40 levels in last week of June, the GBPUSD pair managed to continue its bearish movement to test our short term target of 1.3680, as suggested in our report dated June 22, 2021.
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ECB set to follow divergence, Fed on course of unwinding
- July 22, 2021
- Posted by: Amit Pabari
- Category: Market
ECB has accepted that hotter inflation doesn’t match with their previous formulation of “below but close to 2 percent target” while discussing during ‘Special Strategic Thursday meet’ held on July 8 and hence has set a new inflation formula- “target at 2 percent in the medium term”.
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View: US 10-year yield sets higher ‘goal’, but it will be ‘penalty’ for EM FX
- July 14, 2021
- Posted by: Amit Pabari
- Category: Market
Overall, we are expecting that 2013-taper story to repeat in 2021, with higher chances of the announcement in August Jackson Hole or in December FOMC monetary policy. Thus, hold your heart to watch the 10-year yield back above 1.75 percent and 2.20 percent over the short term and 3.00 percent over the medium term.
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What do you expect from dollar, rupee on 30th anniversary of liberalization?
- July 8, 2021
- Posted by: Amit Pabari
- Category: Commodities
The 30th anniversary of the economic liberalization surely deserves celebration as those reforms helped the economy stave off a crisis and then started to materialize the impact by the first decade of the 21st century.