Gold: USD Recovery Caps Gains The yellow metal posted a third consecutive positive week. Gold prices took advantage of the initial USD weakness in response to the latest FOMC meeting. The Fed kept rates on hold as expected. The bank noted that growth was lower than expected over the first part of the year, despite solid
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Friday March 22: Five things the markets are talking about Global equities are trading mixed after the European Union agreed Thursday to a short Brexit delay. Investors are also weighing up further signs of a sluggish global economy as a plethora of G7 central banks reassess normalizing their monetary policies. U.S treasury yields have fallen
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German PMI Falls to Near 6-Year Low Earlier, data from Europe saw German and French PMIs falling back into contractionary levels. Germany‘s Flash manufacturing PMI declined to 44.7, a near 6-year low. Meanwhile, services came out somewhat steady at 54.9. Analysts had projected Manufacturing would increase from 47.6 to 48.0. However, expectations were missed on the
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Brexit extension means more sterling volatility for longer Sterling is as volatile as you would expect one week from the initially scheduled Brexit day as traders continue to weigh up the risks of no-deal Brexit against what an extension does for May’s deal, or the prospect of other options still on the table including a
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Monthly:  The downward trending resistance line dominates medium term price action. A shooting star candle has been posted and further negative flows have continued. A symmetrical triangle contains the range since December 2015. We look for a possible re-test of the upward trending support line (1200 area) Daily: Price action looks to be forming a
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EU grants UK stay of execution The US yield curve continued to flatten again overnight following an uber-dovish Federal Reserve. On a slow news day in North America, this flowed through to stocks with the tech sector leading the way with Apple and semiconductor shares surging higher. Levi Strauss’ IPO saw the jeans maker jump
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Forex trading is not particularly known for being a gender-balanced domain. While statistics aren’t available for this year, a recent study conducted by Broker Notes discovered that just 1 out of 7 online traders is female. Believe it or not, the number has actually increased from 2017 when the same study revealed that only 1
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Spot loses further momentum and breaks below 1.1300. German flash PMI expected at 44.7 in March. EU Leaders Summit, Brexit remain in centre stage. The selling pressure around the shared currency is now gathering traction and drags EUR/USD to fresh daily lows in sub-1300 levels. EUR/USD weaker on data Spot remains well on the defensive
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CVS Health CEO Larry Merlo told CNBC Thursday that the health chain is unlocking growth opportunities despite the stock’s downward trend since officially merging with Aetna in November. The company has made “tactical execution” changes to its long-term care business that has faced “intense financial pressure,” he said. The skilled nursing unit came from CVS’
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The ICE US dollar index gained 0.6% reversing the declines from Thursday. President Trump said that the tariffs on China will stay for a significant period of time despite negotiations resuming next week. However, Washington noted it would be removing the tariffs in stages but could re-impose them upon violation of the trade agreement. Join
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The firm sees a reduced chance of May’s deal prevailing at the end of the day Revised/Delayed Brexit deal seen at 50% (previously 60%) No Brexit via second referendum seen at 35% (unchanged) No-deal Brexit seen at 15% (previously 5%) ForexLive If anything, I’m a bit surprised that they still view chances of May’s deal
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