Brexit Continues to Dominate but US Data Eyed

European equity markets are trading in the green for a second day on Wednesday, continuing to pare losses following Friday’s dramatic sell-off. The U.S. is expected to also open higher although these again remain some way off Thursday’ levels. While the initial panic from Brexit appeared to have eased, a …

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XAU/USD – Gold Gains Ground on Dismal Housing Report

Gold prices has posted gains on Wednesday, erasing the losses seen in the Tuesday session. Gold is trading at a spot price of $1324 per ounce in the North American session. On the release front, Pending Home Sales plunged 3.7%, much worse than expected. US Personal Spending posted a gain of 0.4%, …

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Brexit Relief Rally Continues Despite Tough Talk

Five things the markets are talking about The Brexit “bad” seems to be temporarily put on hold as market participants question whether a new financial crisis is about to take a firm global grip. Former Fed chair Ben Bernanke seems to think that is quite “unlikely at this point,” but …

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Top trade idea for June 29th, 2016

Crude oil has turned sharply lower a few days back so it appears that five wave rally up from 35.19 is completed, thus a new three wave move down is underway. We are expecting a corrective decline, labeled as blue wave four that will ideally retrace back to 43-45 area, …

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US Crude Edges Higher as Revised GDP Beats Estimate

US Crude has posted slight gains on Tuesday, reversing the losses which marked the Monday session. US crude futures is trading at $47.24 per barrel in the North American session. Brent Crude is trading at $47.80, as the Brent premium has narrowed to $0.56. On the release front, US Final GDP posted …

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APAC Currency Corner- A Brexit Break

Markets continue to stabilise post-Brexit with global equities and commodities tentatively holding onto gains. A welcome distraction from the Brexit fallout were headlines that Japanese policymakers are preparing to unleash a massive stimulus package in the region of ¥20 trillion (more than $200 billion). The fiscal stimulus rumours saw risk appetite back on …

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Cameron Heads to The Last Supper

U.K. Prime Minister David Cameron is set to face his fellow European Union leaders for the first time since triggering a political earthquake that’s shaken the bloc’s foundations. Back in London, the race to succeed him is heating up. Cameron will endure an awkward dinner with his EU cohorts Tuesday …

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Gold Slightly Lower, Markets Eye GDP Report

Gold prices have dipped on Monday, following huge gains in the Friday session. Gold is trading at a spot price of $1320 per ounce in the North American session. It’s a quiet start to the week, with no major US indicators on the schedule. Goods Trade Balance and Flash Services PMI, …

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