2024

The BOE to Meet Before GDP Data Comes Out There is a chance that the upcoming BOE meeting might cause some shake-up in the markets. That's because there are several different courses that the central bank could take in terms of guiding…
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XAUUSD tests resistance Gold remains intact after briefly falling below the psychological 2300 level. On the chart, the price seeks to consolidate after a $30 whipsaw swing, which saw a recent high at 2325. Zooming into the hourly chart,…
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Is That It For the Dollar's Rise? The dollar has been on the retreat since last Wednesday's Fed meeting, without much in the way of data this week to give it fundamental support. Realistically, the turn to the downside for the dollar…
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The UK100 hits record high The UK100 (FTSE)  hit a fresh record high as softer-than-expected US jobs data boosted investor sentiment. The rally maintained momentum after bouncing off 8120 and jumping over 100 points. Rebounds have so far…
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Ahead of tomorrow's rate decision by the Reserve Bank of Australia, the dollar from down under has been getting stronger. Of course it was aided a bit last Friday by some weakness in the greenback after the disappointing jobs numbers. But…
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USDCHF tries to hold its ground The US dollar collapsed across the board after weaker-than-expected the NFP numbers. The latest moves have seen over 200 pips wiped off the pair as stiff selling pressure with new swing lows encourages…
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UKOIL slips over demand concerns The Oil prices remain under pressure on fears of weakening global demand. Geopolitical tension and supportive fundamentals have led brent speculators to bai out. In addition, OPEC oil output fell in…
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