GOLD Gold extended its loss and tested the key support zone of $1,675. This level generated a small rebound, pulling the price up to $1,685. The main trend remains bearish and a clear break down of the support at $1,675 could open space for further declines while only a recovery to $1,750 would reverse the…
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EUROPEAN SHARES European stock markets registered a light retreat on Wednesday following a mixed trading session in Asia, while U.S contracts also point to a weaker open as the consolidation continues on riskier assets. These bearish corrections, of limited magnitude so far, are mostly perceived as “healthy” by investors following the strongest rally of the…
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EUROPEAN SHARES A raft of bullish factors saw European Stocks open significantly higher, following the tone set by Asian markets overnight, and with US Futures also pointing to a firmer open, trading optimism has rarely been this high. The party goes on for stock traders after the ECB surprised investors by announcing a higher than…
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EUROPEAN SHARES European stock markets opened significantly higher, following the trend established overnight in Asia, as investors start the week on a renewed tone of optimism. Traders who took a bit of profit at the end of last week on grounds of growing uncertainty sparked by deteriorating US-Sino relationships were relieved to see President Trump…
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OIL The oil price is slowing down after the recent rally which lifted the July expiry well above $30. Investors seem much more confident that the demand will slowly recover and the filled-up tanks were most likely an exceptional event. These elements helped drive the price higher although it is now modestly declining as we…
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