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Forex Analysis Headlines

Italy's Current Account Surplus Increases In May

Italy’s current account surplus increased in May from the previous year, the Bank of Italy reported Thursday. The current account surplus totaled EUR 3.26 billion compared to EUR 2.98 billion in the same period of last year. The surplus on ...

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Gold Losing Shine After Recent Gains

Gold futures were flat Thursday morning as the European Central Bank left its key interest rate unchanged. The ECB still plans to buy 60 billion euros of government bonds and other assets each month through December, “or beyond, if necessary.” ...

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Brazil Business Confidence Rises July: FGV

Brazil’s business confidence improved in July after weakening in the prior month, preliminary figures from the Getulio Vargas Foundation, or FGV showed Thursday. The index measuring confidence in the industrial sector rose to 90.7 in July from 89.5 in June. ...

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Crude Oil Rally In Full Swing

Crude oil futures continued to rise Thursday morning, extending 6-week highs on signs that Saudi Arabia will compel Libya and Nigeria to cut production. The two African nations have been exempt from OPEC’s supply quota plan until now. Robust production, ...

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ECB Holds Interest Rates & QE, Guidance Unchanged

The European Central Bank left its key interest rates and massive stimulus unchanged for an eleventh straight month on Thursday and also left the forward guidance intact, thus retaining the downward bias on asset purchases. The Governing Council, led by ...

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