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Bullion’s trend continued to slow-down for the end of the week | Gold
GOLD Bullion’s trend continued to slow-down for the end of the week as the “risk-on” mood remained, and the US dollar stayed flat. Technically speaking, the bullish break-out registered on Tuesday remains valid despite the lack of directionality of the end of the week, due to lingering uncertainty over many asset classes. Indeed, investors[…]
The euro hit a 3-month low versus the dollar
FOREX The euro hit a 3-month low versus the dollar during yesterday’s trading session, following the publication of disappointing German business sentiment and industrial data, raising some concerns over the recovery of the eurozone’s largest economy. The euro was also penalised by a drop in risk appetite triggered by a sudden drop in oil prices,[…]
The pound is gaining ground
FOREX The pound is gaining ground on both the dollar and the euro during early Tuesday trading, after the British Prime Minister confirmed that from July 19th all restrictions on economic activity will be lifted in the UK, with the country becoming the first major economy to completely open up and accept the inherent risks.[…]