• GBP/USD seesaws at 1.2300 while moving to London’s open on Tuesday. The pair plunged the lowest since May 28 yesterday after investors surged to the greenback with Brexit invalidations. However, the quote soared ahead of Boris Johnson, the UK Prime Minister’s forecasted $6.15 billion construction plan. Moreover, the second benchmark of the UK’s GDP for

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  • 29
    Jun 2020

    Last week, the precious metal was able to reach a high of 1779 but quickly retraced back to the 1761 level with bearish pressure pushing it to a low of 1747. From there, it rose higher and is now settling at the 1768 to 1770 level.   Need for a Safe Haven The battle between

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  • GBP/USD went down 0.10% on a day with its drop to 1.2404. The pair currently struggles to keep the ongoing optimism on Brexit amid the expansive USD dollar demand supported by the market’s risk-off stance. However, a light schedule before the US meeting urges traders to scan the market concerning COVID-19 related updates for short-term

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  • 24
    Jun 2020

    In the last few days, the precious metal has been on a slump before today. It was in a buildup ranging movement at first but then shot out to a high of 1778.4 indicating a strong upward movement. However, gold is now retracing back to the 1767 level– possibly a short pullback before it goes

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  • The Chinese currency, offshore yuan (CNH) have exhibited trimmed losses as Peter Navarro, the advisor of White House takes back his statement about the end of the US-China economic alliance. Navarro disclosed to Fox News initially today that US President Donald Trump has chosen to end the economic agreement with China considering the developing proof

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  • 19
    Jun 2020

    The GBPUSD has had a turbulent week with the release of their monetary policy. During the release, the BOE decided to keep their bank rates unchanged while at the same time, boosting the QE. This lead to a short spike in price but that eventually went down.   Post Brexit EU and UK Talks Aside

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  • AUD/JPY plunged to around 73.00 after Australia announced its May employment data on early Thursday. Having shown a 7.1% increase in unemployment, which amounted to massive lost jobs of 227,700, the pair exhibits a recorded three-day 0.87% low. Earlier today, Japan’s Economy Minister Yasutoshi Nishimura suggested halting the easing of travel restrictions across borders. The

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  • EUR/USD is expanding Monday’s bullish push, following reports that President Donald Trump is exploring an additional monetary stimulus plan. The pair went over the 200-week simple moving average (SMA) of 1.1332, a couple of minutes before close, and is presently exchanging at highs close to 1.1345. The currencies jumped by over 0.6% on Monday, forming

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  • As the week progresses, traders of GBPUSD will face rocky days as the trade talks continue early this week followed by data releases from both the UK and the US.   Important Events to Take Note Of Today, UK PM Boris Johnson and EU Comm President Ursula Von der Leven will resume the trade talks

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  • Gold prices fall to $1,732 from $1,739.95, the highest recorded since June 2, during Thursday’s early trading. Despite its recent surge, the yellow metal slightly weakened as the USD strengthens. The greenback appears to gain from the recent US-China strains, along with the extensive risk-aversion tone while rebounding from the 3-month low. In contrast, the

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