News Oil 

Dollar firms as markets remain wary over rising MidEast tensions, wait for the Fed

“The Australian dollar led losers, falling 0.5% after the after the Reserve Bank of Australia flagged an easing bias in meeting minutes” reports cnbc.com. The drop in the Aussie also pulled the kiwi lower, with the New Zealand dollar weakening 0.4%. against the greenback.”They no longer talk about an accumulation of evidence in order to ease again, and highlight risks to the global economy,” said National Australia Bank Senior FX Strategist Rodrigo Catril.The dollar’s gains were also bolstered by an overnight spike in dollar funding costs. Source: cnbc.com

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News Regulators 

Cautious optimism supports dollar ahead of ECB meeting

“The dollar was flat against the Australian dollar at $0.6860 and steady on the yen and the New Zealand dollar” reports cnbc.com. Investor focus for now is centered on the European Central Bank’s meeting on Thursday, which is expected to push interest rates even further into negative territory.Bonds slid overnight and the yen hit 107.65 per dollar, its lowest since Aug. 1.Fragile investor confidence supported the dollar and weakened the yen on Wednesday but currency markets kept to tight ranges ahead of series of major central bank meetings over the…

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News 

Canadian dollar rises after Bank of Canada leaves overnight rate unchanged

“The Canadian dollar rallied Wednesday after the nation’s central bank stood pat on interest rates” writes William L for marketwatch.com. The Bank of Canada, as expected, left the target for its overnight rate at 1.75%, but warned, in a statement, that “escalating trade conflicts and related uncertainty are taking a toll on the global and Canadian economies.”. Policy makers found the current degree of monetary policy stimulus remains appropriate, the statement said, but will pay “particular attention to global developments and their impact on the outlook for Canadian growth and…

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AUD Markets News 

Aussie holds firmer ahead of European markets open

“The dollar is sitting more mixed after some weakness in US trading yesterday but narrow ranges are still observed for the most part so far” reports forexlive.com. Looking ahead, expect Brexit headlines to dominate proceedings once again but I reckon we’ll see less rumour-mongering than yesterday if anything else. Other than that, keep an eye on the risk mood as that will stay a key focus affecting trading sentiment at the moment. Source: forexlive.com

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JPY News 

USD/JPY inches lower amid weaker bond yields to start the session

“The topside move overnight failed to breach near-term resistance as sellers leaned on the key hourly moving averages to drive price back lower today” reports forexlive.com. As mentioned above, the risk for sellers and any affirmation of a risk-on trade currently lies around the key hourly moving averages closer to 106.14-23.All this points to some softening in the risk momentum from overnight and is leading to a continued bid in the yen since Asian trading. Source: forexlive.com

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Markets News 

Asia shares take a breather, pound near nine-month peak

“Oil prices extended overnight gains with U.S. crude up 9 cents per barrel at $58.35 and Brent adding 7 cents to $67.62” writes Midwest Communications Inc for 95kqds.com. MSCI’s broadest index of Asia-Pacific shares outside Japan was barely changed at 522.38 points.Japan’s Nikkei jumped 0.6 percent while Australian and New Zealand shares each added 0.2 percent.Wednesday’s vote boosted investor optimism in equities market too, with the pan-European STOXX 600 index climbing 0.6 percent while London’s FTSE 100 added 0.1 percent as sterling extended gains. Source: 95kqds.com

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Markets News 

EUR/USD experiences some calm after overnight drop, what are the charts saying?

“As it stands, yesterday’s rate/forward guidance shift doesn’t do much to alter pricing of ECB rate hikes by markets” reports forexlive.com. But in the context of expectations for yesterday’s meeting, it was the most dovish the central bank could’ve afforded to communicate to markets. Source: forexlive.com

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News 

Apple Watch may get built-in sleep tracking by 2020

“With sleep tracking built into the Apple Watch the company would increase its range of health tracking features, which now take in everything from electrocardiograms (added in the Apple Watch Series 4) to automatic workout detection (added in watchOS 5)” writes Feb Est for theverge.com. Rival fitness-focused wearables with sleep tracking like the Fitbit Versa or Withings Steel Hybrid Smartwatch, for example, last up to weeks before needing a charge.Since its launch in 2015, Apple has increasingly positioned the Apple Watch as a health and fitness device; something that helps…

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GBP News 

It Was The Coldest Night Since 2012 As Britain Wakes To Snow Disruption

“The south west county, which was hit by ferocious snowfall overnight, has closed more than 150 schools” writes unknown author for huffingtonpost.com. Motorists were told to prepare for delays in cold weather after more than 100 cars were stranded on the A30 near Temple in Cornwall overnight.Commuters were warned to expect widespread disruption following heavy snowfall overnight as thermometers plunged to their lowest level since 2012. Source: huffingtonpost.com

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GBP News Regulators 

Pound nurses losses on renewed Brexit uncertainty, dollar awaits Fed

“The pound nursed losses early on Wednesday on fresh concerns about the possibility of a “no-deal” Brexit, while the dollar held steady ahead of the Federal Reserve’s policy decision” writes unknown author for cnbc.com. Last week, the pound hit $1.3218, its highest since mid-October, on hopes that London might avoid a no-deal departure from the European Union.”For now focus shifts back to key events with more consequences for the dollar, such as the FOMC (Federal Open Market Committee) meeting, U.S.-China trade talks and U.S. jobs report,” Ishizuki said.Against the pound…

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