GOLD Gold is consolidating after Friday afternoon’s sharp rally with investors waiting for new market movers. Although this could be a crucial week for Brexit, this doesn’t seem to be an important issue for bullion with news from central banks and US politics much more likely to trigger movements. We are in a wait and…
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What to watch US election polls: There is little in the way of significant company announcements or earnings news being delivered today. While markets appear to have been heavily guided this week by the ups and downs of attempts to bring another stimulus package to bear in the US, Marketwatch reported that there is a…
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GOLD As the dollar weakens, gold prices are rallying above $1,900 and nearing the first resistance area of $1,920. Hopes for further fiscal stimulus and expectations for other central bank interventions – maybe not in the immediate future, but in 2021 – are keeping an historical high attention on gold. From a technical point of…
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What to watch Dominos Pizza: One beneficiary of the pandemic has been Domino’s Pizza, which has added almost 50% to its share price in 2020 as consumers have favoured delivery services over restaurants and bars. The firm has outpaced rival Papa John’s, which is up 30% year-to-date. A key point to watch in Domino’s Thursday…
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GOLD Gold is slightly up in the early trading, while volatility remains low. The spot price was unable to surpass the first key level of $1,895, continuing a slow dance just above $1,890. It seems investors are in a wait and see mode as they are still hoping for new stimulus from central banks to…
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What to watch RPM International: Specialty coatings and building materials firm RPM, which has an $11bn market cap, has gained 9.9% in 2020, including an 11.5% rally in the past five months. That caps off a 2019 which saw the company grow its share price by almost 30%. Today, the company will deliver its latest…
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EUROPEAN SHARES European indices ticked higher on Wednesday, continuing the trend registered in Asia overnight, as investors’ risk appetite accelerates. The fact that President Trump has said to be in favour of alternative stimulus measures as well as a new support plan for the airline sector is boosting market sentiment and offsetting this morning’s disappointing…
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What to watch Paychex: Small business human resource, payroll and benefits outsourcing firm Paychex’s share price is close to flat year-to-date, lagging the broader market, as widespread unemployment puts its business model under pressure. The company delivers its latest quarterly earnings update on Tuesday, with Wall Street analysts expecting an earnings per share figure of…
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EUROPEAN SHARES Monday’s optimism on President Trump’s improving health conditions as well as hopes of further stimulus from US lawmakers recently had an important bullish impact on both US and Asian stock markets, however, this sentiment isn’t continuing in Europe today after benchmarks opened mixed. While many investors welcomed the good news from the US,…
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Key data this week Bold indicates the most important releases for this symbol. Tuesday 6 October, 12.30 GMT: Canadian balance of trade (August) - consensus -C$2.5 billion, previous -C$2.45 billion Tuesday 6 October, 12.30 GMT: American balance of trade (August) - consensus -$66.1 billion, previous -$63.6 billion Tuesday 6 October, 20.30 GMT: API crude oil…
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