Financial News

Bank Indonesia likely to keep key interest rate unchanged in February

Bank Indonesia is set to meet tomorrow for its interest rate decision. According to a DBS Bank research report, the Indonesian central bank is expected to keep the policy rate on hold as the Fed rate hike has also been on hold lowering pressure to Rupiah.

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FxWirePro: FTSE100 likely to test 8000 level

Mega return in FTSE can’t be ruled out,

  • Based on calculations, we believe that the financial market participants are currently underpricing the possibility of a mega return in United Kingdom’s benchmark stock index FTSE100.
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FxWirePro: 20th February Key updates

Here are some key updates that as a trader you need to keep a tab on.

Brexit and UK politics:

  • UK’s Prime Minister Theresa May said that her government is seeking legally binding changes to Irish backstop that would address the concerns of the parliamentary members.
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FxWirePro: Copper clears key resistance; further rise possible

Copper continues to shine bright,

  • As the Sino-American trade negotiations continue to go well, at least according to communications by both parties (the United States and China), the market is pushing the price of copper higher.
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Polish economy begins 2019 on strong footing, retail sales likely to have accelerated in January

Poland’s initial hard data for 2019 show that the biggest economy in Central Europe is still doing quite well in spite of a visible deceleration in the German manufacturing. The data published yesterday and today by the Polish Statistical Office showed that the real wages rose 6.5 percent year-on-year and industrial production grew 7.5 percent year-on-year.

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