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Market Review 24.01.2013
The Australian dollar saw significant gains against the JPY last night, following the release of positive Chinese manufacturing data which boosted investor confidence in the global economic recovery....
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Market Trends 24.01.2013
Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see downward movement today Support- 1666.47 Resistance- 1693.29 Silver- May see downward movement today Support- 30.97...
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Market Review 25.01.2013
Renewed speculations that the Bank of Japan will initiate fresh monetary easing measures kept the USD/JPY well above the 90.00 level during Asian trading last night. The pair is currently trading at...
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Market Trends 25.01.2013
Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see upward movement today Support- 1663.24 Resistance- 1685.74 Silver- May see upward movement today Support- 31.41...
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Market Review 28.01.2013
The euro saw a minor downward correction against the US dollar during overnight trading, but remained within reach of its recent 11-month high of 1.3477. The euro’s recent bullish run has been...
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Market Trends 28.01.2013
Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see downward movement today Support- 1642.42 Resistance- 1671.98 Silver- May see downward movement today Support- 30.22...
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Market Review 29.01.2013
An increase in Australian business confidence led to investor risk taking during overnight trading, which boosted higher-yielding assets. The AUD/USD gained close to 40 pips to reach as high as...
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Market trends 29.01.2013
Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see upward movement today Support- 1651.45 Resistance- 1671.31 Silver- May see upward movement today Support- 30.22...
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Market Review 30.01.2013
The EUR/USD shot up to a 14-month high in early morning trading today, as investor confidence in the euro-zone economic recovery continues to boost riskier assets. The pair, which is currently trading...
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Market Review 31.01.2013
The euro traded just below a 14-month high of 1.3586 against the US dollar during overnight trading last night, after the Fed decided yesterday to leave their policy of monetary easing in place....
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Market Review 01.02.2013
The EUR/USD shot up to a 15-month high during the Asian session last night, as confidence in the euro-zone economic recovery continued to generate risk taking among investors. Meanwhile, the Japanese...
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Pound Soars on Optimistic Manufacturing Data
The Pound soared today, as optimistic manufacturing data from Britain gave support to the British currency. According to the Office for National Statistics (ONS), British Manufacturing Production rose...
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GBP Tumbles on Publication of Poor Manufacturing Data
According to the Office of National Statistics, British Manufacturing Production dropped to its lowest level since 1992, as the Index of Manufacturing fell to 87.8. This was much unexpected, and shows...
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Divergence Signals Sell for Spot Gold
A sharp price decline of 8% in the price of spot gold over the past month may have created a short term buying opportunity in the commodity, but divergence on the weekly chart shows a sign that the...
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Gold Testing All-Time High, Again
Spot gold prices have surged and are closing in on their all-time high. Negative risk sentiment surrounding the recovery of the global economy and renewed inflation fears have caused traders to once...
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Gold Prices Outperform
The price of spot gold continues to rise, moving closer to the psychological level of $1,300 as the dollar falls out of favor. During the European trading session on Monday, spot gold prices held...
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Bearish Chart Pattern Hints at Reversal for Spot Gold
The appearance of a head and shoulders reversal pattern provides technical evidence to sell. Other long tern technical indicators support this hypothesis. The daily chart for spot gold trading...
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Gold Prices Falling as Year End Approaches
As the year comes to an end, spot gold prices are down the past two weeks as traders and institutional investors take profit on long positions in the commodity that has appreciated over 25% this year...
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Gold Prices Climbing Despite Year End Trading Conditions
Commodities rose yesterday and continued to rise in European trading today. Spot gold prices moved higher as the euro fell due to European sovereign debt concerns. Spot gold prices increased yesterday...
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Low Volatility Characterizes End of Year Trading
Gold prices were relatively unchanged yesterday as the commodity traded in a tight range. Yesterday’s trading had low volatility and light volume that characterizes end of year trading. The price of...
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