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CBRT leaves key rates unchanged, raises LLW

The Turkish central bank (CBRT) left unchanged the One-Week Repo Rate, the O/N Borrowing Rate and the O/N Lending Rate at 8.00%, 7.25% and 9.25%, respectively at today’s meeting, matching iniyial estimates. The central bank, however, raised by 50 bp its Late Liquidity Window lending

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USD/JPY: Uptrend to resume – Westpac

Tim Riddell, Research Analyst at Westpac, suggests that the sharp upturn in daily momentum of USD/JPY pair that has accompanied the gap back above 109.40 implies a rejection of the slide below 109.00. Key Quotes “Risk of closing the 109.40-60 gap should not be ignored,

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USD/CAD sidelined near 1.3570

After clinching fresh 2017 highs near 1.3630 on Tuesday, USD/CAD has now faded the spike and looks to consolidate in the 1.3570 region for the time being. USD/CAD focus on politics, oil The Canadian Dollar is recovering part of the recent downside after dropping to

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Forex Preview: U.K. Preliminary Q1 2017 GDP Report

Hello, forex chaps! The U.K. will be releasing its GDP report this Friday (April 28, 8:30 pm GMT). There’s therfore a good chance that the pound mat get a volatility boost. And if you’re planning to trade this top-tier report, then you better gear up