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Fx Snapshot

FX was generally quiet in Asian and European session trade today with most of the pairs contained to narrow ranges as low volatility conditions persisted.
In Australia, the release of the RBA minutes caused a flutter in Aussie as the text came in dovish with monetary authorities agreeing that a 'case could be made' for a rate cut at the November meeting. This was prior to the poor employment data which only added to the argument for easing.
However, the RBA is also clearly concerned with the lim…
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Focus On FOMC

FX markets were steady ahead of key event risk in the North American session today with most majors slightly up against the dollar as traders prepared for the FOMC decision at 16:00 GMT.
In Asia, the Australia CPI data came inline at 0.5% vs. 0.5% eyed having very little impact on Aussie as the inflation news essentially confirmed a steady as she goes monetary policy by the RBA which is seen to be on pause for now at least until December. The Aussie held firm rising to .6875 in European dealing.…
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19 November 2018. Investment Weekly

øGlobal equities fell amid a decline in crude oil prices; European stocks were weighed by political uncertainty
øThe cabinet of the UK government backed a draft withdrawal treaty outlining terms for the UK’s departure from the EU. Nevertheless,there remain significant hurdles, including ratification
øIn the coming week, investor focus will turn to a plethora of US housing market data releases and the flash November eurozone PMIs
US
In a holiday shortened week (Thanksgiving on Thursday), the US e…
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