On Monday, Spot gold peaked at $1,865.38 a troy ounce, but the rally lost steam after Wall Street’s open, trading at around $1,851. The optimistic tone of equities undermines demand for the safe-haven metal, while the greenback remains out of investors’ radar. As we expected, the euro made a noticeable …
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European shares fell on Tuesday, tracking declines in global stock markets as investors renewed concerns about slowing economic growth and monetary policy tightening due to business expansion data for May. The pan-European Stoxx 600 index was down 0.8 percent by 0818 GMT, giving up much of Monday’s 1.3 percent gain. …
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Oil, Crude, trading
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Oil, Crude, trading
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Trading tilted to the negative, which dominated the Canadian dollar’s movements yesterday, to find a solid support floor near the 1.2770 level, forcing it to rebound to the upside. It is now hovering around the 1.2810 level. Technically and carefully considering the 4-hour chart, we find a conflict in the …
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Oil, Crude, trading
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The Euro provided a trading session in positive areas against the US dollar after it succeeded in building on the support floor of 1.0550 and the Euro’s success in breaching 1.0630, reaching its highest level during the previous trading session 1.0697. Technically, and by carefully looking at the 4-hour chart, …
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The euro rose on Monday as investors sold dollars on hopes that easing China’s lockdown measures could support global economic growth. The calmer atmosphere in the stock markets in early European trade also put additional pressure on the dollar, which fell sharply last week, but remains the currency of refuge …
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The US dollar is headed for its worst week since early February against major currencies on Friday, losing some of the momentum it gained from a sudden 10 percent rise in its value. The dollar received a boost from investors’ appetite for it as a safe haven amid turmoil in …
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European shares rose at the open on Friday, boosted by hopes of an economic recovery in China boosted by the central bank’s announcement of more stimulus, but the region’s stock index headed towards ending the week lower on recession fears. The mining and energy sectors led the gains and pushed …
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