Gold Looking to Make Some Major Moves Despite the drop in the June Fed rate hike odds, with a weaker US retail sales and inflation data released last Friday, the odds of interest rate hike are at 73.8%. A rate hike in June is still widely anticipated, with the CME Group calculations, putting the probability well above […]

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Euro continuing the fall against greenback Euro zone and International Monetary Fund officials will meet to discuss the issue regarding the debt relief for Greece later in the day along with meeting of G7 finance ministers and central bankers. The meetings are scheduled to help determine how euro zone lenders, who hold Greece debt, should […]

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Greenback gaining new highs The unemployment rate has been on the slide and with The Federal Reserve’s forecast for joblessness 4.5% from the end of 2017 – 2019 seems to be optimistic can this be the major reason for the interest rate hike in there next Open Market Committee meeting. Fed’s rate can impact the […]

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Sterling Continues Its Good Run Sterling has been keeping its growth steady in the recent days and with the Bank of England inflation report and the policy meeting that is due this week, we look for more support to make it even stronger which has been climbing at a steady phase. The BoE’s reports will […]

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Gold looks to recover The economy continued its growth in the labor markets, The April jobs report suggested some steady job growth, job market made some improvement with the household survey showing better growth as well. The unemployment rate continued to fall and now is currently at the lowest in recent times. The President of […]

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A trend line is a straight line that connects a series of prices together. It is one of the most important tools used by technical analysts to determine when to buy/sell an asset. These lines visually denote the support and resistance levels in a currency chart. How to draw a trend line? To draw a […]

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