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Daily Archives: July 7, 2017

Japan Shows Europe How to Dial Back Stimulus Without Spooking Investors Central banks have been buying bonds to stimulate the economy and inflation

The European Central Bank is now wrestling with a problem facing monetary policy makers around the western world—dialing back stimulus without upending financial markets. But one central bank has been quietly balancing this act since late last year, buying fewer bonds without spooking investors: the Bank of Japan. On Thursday, …

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Japan, European Union Strike New Trade Deal World powers respond to President Trump’s ‘America First’ policies

BRUSSELS—Japan and the European Union agreed on the terms of a new trade deal, hours before U.S. President Donald Trump was expected to clash with them and other world officials over how global trade works. Thursday’s announcement is a fresh sign of major global powers responding to Mr. Trump’s “America …

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U.S. to Give Diplomacy More Time to Resolve North Korea Threat The Trump administration said it wouldn’t rush to war following Pyongyang’s launch of a long-range missile

  The Trump administration said it would give diplomacy more time to resolve a gathering crisis over North Korea’s efforts to build a nuclear weapon that can reach U.S. shores. On Thursday, Defense Secretary Jim Mattis said the U.S. wasn’t closer to war, in his first remarks since North Korea …

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U.S. Oil Producers Find a Surprise New Market: China a large oil importer, is buying nearly 100,000 barrels of oil a day from the U.S., By Brian Spegele

BEIJING—It was a gusher few expected. What began as a trickle of U.S. crude being sold to China is turning into a flood, the result of a surprise American glut that has made the country’s oil cheaper than Mideast rivals just two years after Congress lifted a 40-year export ban. China, …

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FxWirePro: Silver unexpectedly spikes down in early hours of Asia, bias remains neutral

  XAG/USD is currently trading around $15.89 marks. It made intraday high at $16.15 and low at $14.27 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.22 mark. A daily close above $16.02 will test key resistances at $16.22/$16.32/$16.40/$16.58/$16.72/$16.88/$17.00/$17.08/$17.22/$17.49/$17.68/$17.72/$17.98/$18.24 marks respectively. On the other side, …

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