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The precarious outlook for global growth and a weaker US dollar on the back of Fed rate cut expectations helped propel gold to the highest level in nearly six years. The weaker dollar benefited most metals and agricultural commodities, while oil prices firmed on Gulf tensions. Precious metals GOLD extended recent gains this morning to
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Daily Markets Broadcast 2019-06-25 Wall Street hesitates as G-20 summit looms Most US indices rose yesterday but volumes and movements were relatively small. Trump imposed more sanctions on Iran while second-tier US data was on the soft side. US30USD Daily Chart Source: OANDA fxTrade The US30 index closed higher yesterday but still below the highs
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MS citing dovish Federal Reserve, a weakening USD dollar, uncertain global economic outlook, lower yields. Real yields close to zero would reduce demand for yielding USD assets could increase demand for gold negative territory could generate considerable further upside for gold’s price Gold price forecast to average USD1435 in H2 of this year 2020 USD1,338
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USD/JPY consolidates as the dollar holds ground at the 96 figure.  107.00 area that if broken, should clear the way for a test of 106.60. USD/JPY is currently trading at 107.32 between a range of 107.25 and 107.41, consolidating in the main and trading above the overnight lows of 107.05. The dollar continues to bleed out
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Westpac / McDermott Miller quarterly survey 116.9 in Q2 prior 114.2 Westpac say  underlying details softening perceptions about job opportunities fell, for a 2nd consecutive quarter views on past and future earnings growth rebounded no sign that households have perceived a pick-up in wage growth  Westpac background commentary with: low business confidence a negative for
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(Photo by Drew Angerer/Getty Images) Getty Images The S&P 500 index has been faring well in 2019–up 17% year to date—and has successfully recovered from the sharp drop witnessed in December 2018, when the index dropped to its 10-year low due to uncertainty over the Fed’s policy. Consumer, technology, financial services and energy sector companies
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Brent crude – Correction or more to come? US Stocks Mixed Ahead of G20 in Japan Energy Prices Have Surged But the Sector Might be in for a Correction Trump Attacks Fed for Not Cutting Rates Last Week Gold Rises as Fed and US-Iran Tensions Make Metal Appealing Bitcoin Surges on the back of Facebook
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Charlotte de Montpellier, economist at ING, suggests that the months pass and nothing changes with regard to the negotiations between Switzerland and the EU for a framework agreement that will frame all relations between the two blocs in the future. Key Quotes “Summing up the situation quickly: Switzerland is reluctant to approve the draft of
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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Comments by Russia’s deputy foreign minister US is deliberately raising tensions around Iran Says that US would rather impose new sanctions instead of seeking dialogue ForexLive It looks like Russia isn’t going to turn its back on Iran and the remarks here are surely a firm indication of that. As an aside, top security advisors
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European open – Markets tense ahead of G20 Risk rally continues after Friday’s pause Daily Markets Broadcast 2019-06-24 Soft start for Asia on G20 uncertainty and Middle East Tensions OANDA Market Insights podcast (episode 70) USD/CAD Canadian Dollar Falls on Retail Sales Miss but Higher on Weekly Basis S&P 500 little changed as Wall Street
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