GOLD Having failed to break through the psychological barrier of $1,800 last week, gold is now in a lateral phase between the major support at $1,750 and resistance at $1,800. The slight dip in price mirrors the small recovery on the yield of US 10-Year Treasuries and this along with the recent gains by the…
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EUROPEAN SHARES Market sentiment remains uncertain as the end of the month approaches while the short-term outlook continues to be torn between solid corporate results and spiking virus cases. However, while most concerns come from emerging countries, the fact that developed nations keep on registering solid economic data amid the success of the vaccine rollout…
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EUROPEAN SHARES European shares followed the global trend by opening slightly higher at the start of another busy week on the macro front. While corporate results are still likely to be the main focus for investors, especially with earnings from tech giants Apple and Facebook as well as Tesla looming this week, traders will also…
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Robinhood has announced Christine Brown will lead its crypto division as Chief Operating Officer. At her new position, she’ll oversee all of crypto operations and compliance. Brown will also keep her current position of Robinhood Markets’ VP of Product Operations. The Crypto division is part of Robinhood’s efforts to expand access to financial services to…
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GOLD Despite a modest rebound by the greenback, gold continues to recover momentum. This seems to be mostly related to the relative calm that we are seeing on US yields, as the 10 years bonds remain below 1.6%. Moreover, in the last few weeks the technical scenario has clearly improved with the price breaking through…
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GOLD We are picking up where we left off last week with gold: the precious metal is consolidating its recovery as the EUR/USD exchange rate jumped above 1.20. US yields are continuing to weaken and this scenario is supportive for bullion, as the negative correlation with the greenback remains in place. After surpassing $1,750, gold…
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GOLD US Treasury yields are going down, pulling down the dollar. In this scenario, it’s little surprise that gold has managed to break up the resistance at $1,750, a move that confirms the improving market sentiment towards gold. From a technical point of view, the climb above $1,750 represents a positive signal, as bullion continues…
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Qinox Tech, a white-label and service provider for brokerage and exchange firms, has included a regulatory license of the South African Financial Sector Conduct Authority (FSCA) in the list of financial operational licenses. South Africa’s FSCA supervises financial institutions such as banks, brokers, market infrastructure providers. The regulator aims to increase the efficiency and integrity of…
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EUROPEAN SHARES European markets traded in green territory from Stockholm to Madrid on Thursday as investors’ optimism is on the rise following the latest batch of corporate results. Despite disappointing trading in Coinbase shares yesterday, with the stock price dropping shortly after the IPO, this was more than offset by strong earnings from the banking…
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EUROPEAN SHARES European shares mostly traded higher on Wednesday, despite an uneven performance across the continent with mixed earning reports in different areas. While most benchmarks remain close to their record highs, some technical indicators suggest that the price action is losing directionality. Indeed, investors seem to be keen to drive stock prices higher but…
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