Gold Remains Under Pressure, Dips Below $1250

Gold has started the week with small losses, as the metal trades at a spot price of $1246.59 an ounce in the North American session. On the release front, it’s a quiet start to the new trading week. US Flash Manufacturing PMI posted a reading of 50.5 points, short of the …

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US Crude Drifting at $48, Manufacturing PMI Flat

US crude is showing little movement on Monday, continuing the lack of movement which characterized much of last week. Crude is trading at $47.97 in the North American session. Brent crude is trading at $48.74, as the Brent premium stands at $0.77. On the release front, it’s a quiet start …

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Europe Remains Range-Bound For Now

It’s been a relatively calm start to the week so far, with Asian markets overnight trading relatively mixed and offering little direction for stocks in Europe ahead of the open. Equity markets appear to be in a state of complete indecision right now and as a result have been left …

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USD/CAD Weak Canadian Sales Hurt Loonie

The Canadian dollar continues to depreciate against the U.S. dollar after the U.S. Federal Reserve published the minutes from its April Federal Open Market Committee (FOMC) meeting on Wednesday. The notes were surprisingly hawkish and put the June FOMC back on the table as a possibility of a rate hike. …

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Europe Higher but Remains Range-Bound

European equity markets are expected to open higher on Friday, paring Thursday’s losses and rebounding once again off the range lows they have traded within for most of this month. Stock markets haven’t really made any progress so far this month, instead they’ve established a new tight trading range and …

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Top trade idea for May 20th, 2016 – AUD/JPY

On Alert in AUD/JPY Writers are often advised to read widely. The idea is that the greater the input, and the range of the input, the better the output. The same is true for traders. The more and varied sources of market information, the more potential trades. The challenge is …

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Fed In “If” Mode

Five things the markets are talking about Yesterday’s FOMC minutes indicate that the bank was in “if” mode, as in, if data supports a rate hike, U.S policy makers ‘could’ increase rates at the next meeting on June 14-15. Accompanying the “if” message were the usual disclaimers – the bank …

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