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Gold Price Turned Bearish Once Again Vs US Dollar?

Key Points

  • There was a nice upside move in Gold price recently above the $1290-92 levels against the US Dollar before turning bearish.
  • The price recently broke a major bullish trend line with support at $1287 on the hourly chart.
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UK goes to the polls today; Euro holding well ahead of ECB rate decision

The british pound has held steady overnight as today is the day we start UK parliamentary elections. Polls have so far suggested that Theresa May’s party could be able to constitute a parliamentary majority after the results of today’s elections. Read More →

EUR: Fine-Tuning The Risk-Reward Of The June ECB Meeting – Barclays

Barclays Capital FX Strategy Research argues that ECB risks are skewed towards a dovish statement on Thursday, but a more hawkish statement (in line with Barclays' economists’ view) would be disruptive.

"A change in ECB forward guidance or risk Read More →

AUDNZD – Aussie Dollar Eyes Break above 1.0500 Vs Kiwi Dollar

Key Points

  • The Aussie Dollar gained traction recently and moved above the 1.0440 resistance against the New Zealand Dollar.
  • The AUDNZD pair broke a monster bearish trend line at 1.0450 on the hourly chart to open the doors for more Read More →