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GBPUSD closed below 1.35 January 2009...

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Post BREXIT Fitch cut the UK’s 2016 GDP forecast by 0.3 percentage points to 1.6 percent.British rating lowered to AA (for the original AA +), rating outlook is negative. The cable price action caught in 400 pips range. As we entered to the second half of the year market participants raising bets to Bank of England’s rate cut July […]

Gold nearly rose 25% in the first hal...

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The gold maintains the bullish momentum but the pedigree is minimised compared to silver. S&P lowered the European markets ratings and Carney hinted rate cut benefits the bullion bullish bids. Also read: Bank of England Governor Carney:Bank of England may have to ease monetary policy in the summer. The precious metal nearly rose 25% in the […]

Silver recorded the best performance ...

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The price has been moving higher for six consecutive sessions recorded the first highest gains in a week for 2016 as of now. The Silver price gains five months out of six, it reveals the strength of the metal. The 500Dsma cross the 100Dsma, added another bullish indicator The nearest resistance seems between 19.00 200Wema […]

Japan in the second quarter Tankan la...

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Japan in the second quarter Tankan large manufacturers sentiment index 6, 4 expected, before the value 6. Japan in the second quarter Tankan large manufacturing outlook index 6, 3 expected, before the value 3. Japan in the second quarter Tankan diffusion index for large non-manufacturing sector 19, 19 expected, the former value of 22. Japan […]

Japan’s unemployment rate of 3....

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  Japan’s household spending in May year on year -1.1% -1.1% is expected, before the value of -0.4%. Japan May nationwide CPI up 0.4%, expected 0.5%, the previous value of -0.3%. Japan’s unemployment rate of 3.2%, expected 3.2%, the previous value of 3.2%. Tokyo Japan June core – core CPI (except food and energy) increased […]

The A$ rose nearly 2% in the first ha...

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The A$ rose nearly 2% in the first half of the year 2016 against the greenback. The cross has been facing resistance at 20Msma for four consecutive months. The price has been sailing above 50Wsma for four consecutive weeks Ahead of the RBA’s July monetary policy decision market participants adding rate cut bets. What’s on […]