Gold prices in terms of the US dollar (XAU/USD) extended gains on Friday and closed at 1133.27, holding above 50-DMA located at 1132.26. The pair remained supported all through the day, although slipped to lows at 1123.83 just before the US data release as markets anticipated better economic data due from the US. Subsequently the […]

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Volatility could finally be starting to settle in the markets as we approach the weekend and a tumultuous week draws to a close. This comes after another strong day on Wall Street which has maintained a sense that sentiment is improving once again. The big catalyst for the move was the sharp rebound on oil. […]

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Huge volatility continues to throw markets around with traders still in fear of a China/commodity slowdown in the wake of Monday’s big sell-off. Traders are paying the economic data scant regard (New Homes and Consumer Confidence both beat expectations yesterday) as market fears are still yet to abate. The easing measures from the People’s Bank […]

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After a day that will go down in the record books as a “Black Monday” the dust is still settling. After hitting 1000 pints down on the day for the Dow Jones Industrial Average, the volatility has been enormous. The VIX index jumped over 50% on the day at one stage which was according to […]

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The rout is continuing and is now beginning to get rather nasty. Huge selling pressure on Wall Street into the close on Friday has got even worse in Asia today. With concerns over a slowdown in China and commodity prices on a slippery slope, market sentiment is taking a pounding. New measures introduced to allow […]

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Market sentiment is taking a hammering and safe haven flows are on the rise. If the sharp falls on equity markets around the world yesterday were not enough to spook investors, the multi-year low on the Caixin China flash Manufacturing PMI could well be enough to push them over the edge. A reading of 47.1 […]

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The US dollar has come under some corrective pressure in the wake of a dovish set of FOMC meeting minutes. The suggestion in the minutes was that there needed to be more sign of inflation picking up in the US to justify a rate hike, and these conditions were not yet being met. The minutes […]

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It seems as though, having been “Greece” for so long, now it is “China” as sentiment on equities again takes a decline as sharp selling pressure on Shanghai impacts across the Asian markets. After a 6% fall on Tuesday, another 3% decline today is really impacting investors in China and this is knocking on through […]

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European markets are struggling to put yesterday’s lackluster session behind them as they trade slightly lower again in early exchanges. The news flow has been fairly quiet in recent days, and it does not appear as though the bomb blast in Thailand has been deemed to justify further weakness. Wall Street closed in mildly positive […]

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Although there is a consolidation that continues amongst forex major pairs, there is more of a positive mind-set this morning as a new week begins. The glass seems to be half full for a change. Traders return to their desks ready to move on the fact that the prospects of the third Greek bailout package […]

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