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GBP/USD on the edge of breaking the 22-month resistance line
Thu, 26 May 2016 06:59:20 GMT
 
The British Pound once again managed to outperform the US Dollar, reaching the 1.47 major level yesterday, where the Bollinger band coincides with the 22-month down-trend. >>
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EUR/USD attempts to erase earlier losses
Thu, 26 May 2016 06:58:48 GMT
 
EUR/USD consolidated under the 100-day SMA on Wednesday, thereby pushing our short-term outlook further downwards. >>
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German Ifo Business Climate rises to 5-month high in May
Thu, 26 May 2016 06:52:14 GMT
 
German business confidence improved more than expected in May, hitting its highest level in five months, and supporting optimism that Euro zone's biggest economy will extend its surprisingly strong start >>
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Gold sees rising upside risks from 100-day SMA
Thu, 26 May 2016 06:41:36 GMT
 
Among all major commodities, only gold continued to fall down on Wednesday and slumped 0.23%, given expectations that the Federal Reserve will raise the main target interest rate in June >>
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EUR/USD attempts to erase earlier losses
Thu, 26 May 2016 06:41:14 GMT
 
European fundamental data, particularly from Germany, has been very positive on Wednesday. >>
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Gold prices keep falling on Wednesday
Wed, 25 May 2016 16:55:13 GMT
 
Gold erased all its early gains on Wednesday and dropped below the $1230 mark. The bullion lost 0.55%, trading at $1,222.50 per troy ounce by 14:15 GMT on the New >>
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European stocks post solid gains on Wednesday
Wed, 25 May 2016 16:44:15 GMT
 
Europe's major stock indices closed Wednesday's trading session strongly in the green. Germany's DAX 30 Index added 1.50%, finishing at 10,208.31, Britain's FTSE 100 Index gained 0.73%, closing at 6,264.88 points. Meanwhile, >>
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WTI and Brent trade higher by 15:20 GMT
Wed, 25 May 2016 16:14:12 GMT
 
West Texas Intermediate crude oil futures traded 0.86% higher at $49.04, whereas Brent futures jumped 1.30%, trading at $49.24 by 15:20 GMT on the New York Stock Exchange. On Wednesday, it >>
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US crude oil inventories drop more-than-expected
Wed, 25 May 2016 16:03:15 GMT
 
In its weekly report released on Wednesday, the EIA reported that US crude oil inventories dropped by 4.2 million barrels during the week ended May 20, following the 1.3 million-barrel >>
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US trade gap widens less-than-expected in April
Wed, 25 May 2016 15:52:18 GMT
 
Official data from the US Department of Commerce showed on Wednesday that the country's trade deficit grew to $57.5 billion in April, compared to the $60 market forecast and following >>
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NZD/USD in tight range between 100-day SMA and weekly PP
Wed, 25 May 2016 15:30:16 GMT
 
For the second day in a row the New Zealand Dollar was unable to climb over the weekly PP, thus, the exchange rate edged lower yesterday. >>
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USD/CAD continues sliding down
Wed, 25 May 2016 15:19:18 GMT
 
As was anticipated, the US Dollar weakened against its Canadian counterpart on Tuesday, but managed to remain elevated above the 1.31 mark. >>
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AUD/USD attempts to return above 0.72
Wed, 25 May 2016 15:08:11 GMT
 
They AUD/USD currency pair almost completely fell in line with expectations, as the exchange rate closed at the 0.7182 level, rather than the expected 0.7177. >>
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Market Research: GBP
Wed, 25 May 2016 14:57:13 GMT
 
The Pound Sterling was the undoubted leader of the five-day period ended May 24. Even though some losses were in place, especially by the end of the last calendar week, >>
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US preliminary PMI misses forecast in May
Wed, 25 May 2016 14:46:34 GMT
 
On Wednesday, financial agency Markit announced May's US preliminary Purchasing Managers' Index reading for the service sector. The Index dropped to 51.2 points, following the 52.8 result seen in the >>
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