Gold Tests Previous Highs
The precious metal is building upon a bullish momentum from last Friday. This has led gold to test the previous nine-year high of 1817.79.
However, prices remain muted following the initial retest. A strong breakout above this level is…
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Crude Oil Extends Declines For Third Session
Oil prices are trading lower for the third consecutive session. The declines come following last Wednesday's brief rise to the 41.00 handle.
Following this, price action has been trading weaker. For the moment, there is no fundamental…
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GBPUSD Settles Into A Range
The British pound sterling failed to build upon the double bottom pattern from the last price.
While this bullish pattern is not yet invalidated, prices are trading flat.
GBPUSD is stuck within the range of 1.2643 and 1.2516 levels…
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Euro Rises To A Fresh Four Month High Before Retreating
The euro currency opened on a bullish note, from the optimism on the ongoing EU talks on fiscal stimulus. This helped the currency pair to rise to a fresh four-year high of 1.1467.
However, following this brief surge, prices pulled back…
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