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Feb 4, 19 •
2375 Views •
Forex Trading Articles, Market Analysis, Market Commentaries •
Zahir Shah
Comments Off on U.K. FTSE 100 reaches 7,000 in morning trading, Aussie dollar slips as building data disappoints the markets
The leading U.K. index the FTSE 100, breached the critical psyche level and handle of 7,000 during the early part of the London session to reach 7,040, a level not seen since early December 2018. During 2018 the index threatened to break through the 8,000...
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Jan 28, 19 •
1739 Views •
Market Commentaries •
Jovana Pribic
Comments Off on FX traders remain focused on sterling, as the Brexit debate returns to Parliament this week.
Sterling has come under increasingly sharp focus recently, as the U.K.’s divorce from the European Union approaches; scheduled for March 29th 2019. The FX market is often referred to as “reactive”, as opposed to “predictive” and that description...
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Jul 27, 12 •
4644 Views •
Market Commentaries •
admin
Comments Off on Did Draghi Revive the EUR/GRP
Yesterday, the intraday price range of EUR/GBP was remarkably small, given the sharp swings in other euro currency cross rates. In line with the price trend of late, sterling remained well bid yesterday morning and the pair reversed a big part of the...
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Jul 23, 12 •
4864 Views •
Market Commentaries •
admin
1 Comment
Following the scheme of the prior weeks, the week was a mixed bag for the world markets on our weekly watch list. It saw half posted gains, half losses and an epitome of optimism. Starting with the American markets, stocks rose on a weekly basis as US...
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Jul 22, 12 •
4431 Views •
Market Commentaries •
admin
Comments Off on US Economic Data Shows Sluggish Recovery Stalling
Unemployment claims reverse most of previous weekís drop. In the week ended the 14th of July, US initial jobless claims edged up again. Initial claims rose by 34 000, from an upwardly revised 352,000 to 386,000, while an increase to 365,000 was forecast. In...
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Jul 19, 12 •
5645 Views •
Market Commentaries •
admin
1 Comment
Yesterday, trading in the EUR/GBP cross rate was confined to a tight range near the recent lows. The EUR/GBP cross rate jumped higher upon the publication of the Minutes of the July BoE meeting. On the 5th of July, the Bank of England decided restart its...
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Jul 19, 12 •
4509 Views •
Market Commentaries •
admin
Comments Off on Earning and Corporate Moves Push Stocks and Commodities Upward
U.S. stocks rose for a second day after companies from Intel Corp. to Honeywell International Inc. reported profit that beat estimates and housing starts increased to the fastest rate in almost four years. Asian stocks rose, with the benchmark index headed...
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Jul 18, 12 •
4396 Views •
Market Commentaries •
admin
Comments Off on The EUR/GBP Tumbles to a New Low
Yesterday, the EUR/GBP followed largely the intra-day movements of EUR/USD, but at the margin sterling again did slightly better, as it set a new low. However, in a daily perspective, the price move was insignificant. EUR/GBP closed at 0.78529, marginally up...
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Jul 17, 12 •
8341 Views •
Market Commentaries •
admin
2 Comments
Recently not much happened in the USD/JPY cross rate. Trading was confined to the 79.00 big figure, mostly with a cautiously negative bias. Global sentiment on risk remained fragile and core (US) bond yields were again on a downward path, reducing the...
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Jul 17, 12 •
4282 Views •
Market Commentaries •
admin
Comments Off on A Quick Look at Global Commodities
Gold recovered to close marginally higher in a quiet trading session, as weak US retail sales cut into the dollar’s gains ahead of Federal Reserve Chairman’s Congressional testimony which could provide the latest clue on monetary policies. Gold...