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Gold Shows No Significant Movement
Gold remained low without any significant movement throughout the session and its price ranged between 1,280/ounce and $1,288/ounce. The price may be under pressure during today’s session as we await for the U.S. data (Core Durable Goods) to be released.
Read MoreU.S Stocks on an Upward Trend
Stocks in U.S surged following positive earnings figures. Yahoo released positive quarterly earnings figures and this helped reduce concerns on investors allowing the stocks to be traded and eventually this gave an increase to the stocks. The tech stocks were
Read MoreGold Recovers from Its Negative Mood on the Stock Market
The price of Gold continues to rise and its movement went up from $1,307/ounce up to $1,315/ ounce. The increase in price was contributed by the release data of the U.S. Non-farm payrolls which came out lower than expected and
Read MoreGBP Moves Upwards Following Release Of Great Industrial Data
The EUR/USD was trading flat during the last session in Asia and U.S. The pair did not move in any either direction but there is little significance for the pair to rise slightly against the dollar. The release of the
Read MoreStocks Stumble After Release Of Weak Data
Asian stocks were traded high during today’s session as investors were relieved with the new stimulus measures taken by the Chinese Government. This move gave a positive signal to the investors regarding the economic concerns within the region and this
Read MoreUSD Changes little despite Pre-NFP Data
The EUR/USD continued to move upwards slightly despite the manufacturing PMI data. Vitor Constancio, the European Central Bank Vice President showed that there will be no deflation in the Euro-zone but also warned that there could be a low inflation
Read MoreThe Precious Metal Continues To Fall
During yesterday’s session, Gold continued to weaken than the expected durable goods. The continuous fall of the precious metal was caused by the Federal Reserve’s decision to continue tapering thereby causing downward pressure on the metal. However, during the session,
Read MoreStocks Gain As Currencies Bounce
The U.S stocks opened higher after the release of the positive regional data that gave confidence to investors to trade in riskier assets. During today’s session most stocks were traded high and investors had plenty of time for more price
Read MoreYellen’s Comments Strengthens the U.S Dollar
After the FOMC made a decision to taper the stimulus by another $10 billion, the EUR /USD resulted in a decrease. However, the Fed is also planning to increase the rate of the Federal Funds and this will further push
Read MoreSituation In Ukraine Causes Stocks To Stumble Further
The Asian stocks continued to trade on a low and they were lower as compared to its previous sessions of the week. The low trade resulted in investors being pessimistic about the current Chinese economy. However, not only the Chinese
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