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    Oil awaits Jackson hole

    he oil price is stuck in a tight trading range today as worries about the global economy surfaced placing equity markets were under pressure and raising uncertainty over how many interest rate cuts the US Federal reserve will deliver this year. Some of this uncertainty may be relieved later...
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    Euro looks to break $1.10

    Despite all the pressure facing the European economy the Euro has managed to remain above the $1.10 level, but it seems the market is predicting its only a matter of time before this critical support level is broken. The chance that the European currency will fall below $1.10 before the end of...
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    Gold looks to $1600

    The gold price has taken a breather over the last few days after rallying more than $100 dollars in the space of 2 weeks and some see the pause as temporary with the $1600 mark now firmly in reach. Gold did find some resistance at the $1500 mark before finally breaking through and now this...
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    Pound jumps, seen as temporary

    The British pound found some much needed relief in yesterday’s trading session after a surprise jump in retail sales figures showed that despite the uncertainties surrounding Brexit, British consumers are still opening their wallets which is a good sign for the economy. Positive figures like...
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    Bitcoin slumps on further trade talks

    Bitcoin has now lost more than 20 percent of its value over the last 5 trading sessions, trading today back below the $10,000 mark and one analyst believes the developments in the trade negotiations between China and the US may a major reason behind the fall. In the first 10 days of August...
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    Oil surges on US tariff reprieve

    The oil price received a surprise boost in yesterday’s trading session climbing around 4 percent after the decision by US President Donald Trump to delay introducing more tariffs on Chinese goods held out hope that a compromise in the ongoing trade wars was still a possibility. After the news...
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    Gold's rise to continue

    The gold price remains firmly above the US $1500 dollar mark in today’s trading session as traders seek out the precious metal as a safe haven on the back of political unrest in Hong Kong and the ongoing trade tensions between the US and China. Over the weekend, there were major protests in...
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    Australian dollar to extend losses

    The Australian dollar came under further pressure in yesterday’s trading session as expectations grew the Reserve Bank of Australia is gearing up to slash interest rates next month with the chances of such a move predict by analysts now sitting at more than 90 percent. The trigger for the...
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    Gold needs to keep this level

    After temporarily breaking back up through the $1300 mark at the beginning of last week, gold has now racked up 5 straight days of losses as investors exit the precious metal as safe haven in favor of the US dollar which has been powering ahead on the back of trade tensions between the US and...
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    Pound slumps on no deal Brexit fears

    The British pound is under further pressure today against its US counterpart after another round of strong data from the US and expectations that a hard Brexit, whereby Britain leaves the EU without a deal may still be on the cards British Prime Minister Theresa May has announced that she will...
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    Australian dollar awaits employment figures

    The Australian dollar has come under further pressure in today’s trading session after yesterday’s selloff on the back of move by China to retaliate for the new tariffs slapped on them by the US government. Chinese has fought back by introducing new tariffs of their own which has now brought the...
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    Gold needs some big news

    The gold price is under further pressure in today’s trading session as investors ponder the chances of another rate hike from the US Federal Reserve after the release of bumper GDP numbers from the US. Most analysts had been expecting a figure of around 1.9% but the final figure that hit the...
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    Australian dollar faces post crisis lows

    The Australian dollar is looking vulnerable and is headed back below US70c according to some analysts as the reserve Bank of Australia is forced to cut interest rates to breath some life into the economy and push inflation to within their preferred target rate. Over the last few weeks we have...
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    Be wary of the pound's recent jump

    The British pound has started the week in the Asian session with little movement as traders await the latest Brexit movements . British Prime Minister Theresa May returned from Brussels over the weekend having tried to persuade the EU to reconsider the current Brexit deal which has been...
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    Analysts divided over gold

    Analysts are divided on the direction of the gold price this year with some saying there is plenty of life left in the current rally while others believe that a fall of up to $300 is a real possibility. Analysts from Goldman Sachs are one of the camps who believe the precious metal has more...
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    Bitcoin here for the long term

    Bit coin has now risen around 15 percent in the last 3 days, continuing its high volatility that was witnessed earlier in the year and still leaving pundits divided on whether the crypto currency is here to stay or it’s a disaster waiting to happen. Bitcoin has now fallen from $19,000 to around...
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    Bitcoin tumbles, out or opportunity?

    Bitcoin has finally broken out of its recent trading range and to many analysts surprise, it was to the downside tumbling more that 10 percent which just goes to show, the relative stability we witnessed in Bitcoin over the last few months may have been temporary. The reason for the sudden...
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    Pound falls most since 2017

    As we wrote yesterday, the pound has experienced some wild swings over the last 24 hours which has now been exasperated by the resignation of 4 more ministers from UK Prime Minister Theresa May’s cabinet and some say it’s only a matter of time before the PM will be forced to resign. With the...
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    Pound awaits Brexit news

    The British pound has surged higher after the big news out today that the EU and the UK have reached a tentative Brexit deal, which includes a solution to the touchy Irish border issue after nearly a year of negotiations. Later this afternoon the motion is expected to go before UK Prime...
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    Oil heads for critical level

    The oil price has finally found some buyers today after falling for the past 10 trading sessions which marks its longest consecutive daily decline in more than 30 years and has now forced some OPEC members to reconsider their strategy regarding production cuts. A committee of several OPEC...