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Corn broke resistance area Further gains are likely Corn recently broke through the resistance area lying between the key resistance level 440.00 (which has been reversing the price from 2015) and the upper resistance trendline of the weekly up channel from 2016. The breakout of this resistance area is likely to accelerate the active impulse […]

The post Corn Wave Analysis – 14 June, 2019 appeared first on All About Forex World.

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Data Miss Keeps USD Pressured The US dollar weakened again over the European morning on Friday. Expectations of a forthcoming rate cut from the Fed have ratcheted higher in the wake of recent data weakness which saw CPI lower than expected over May. USD index trades 96.56 last with price having turned lower from the […]

The post Soft CPI Keeps USD Weighed Down appeared first on All About Forex World.

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Gold The yellow metal continued to explode higher this week as weakness in the US dollar was further exacerbated by soft data. Earlier in the week, US CPI for May came in lower than projected at 1.8% vs 1.9% expected on the headline reading and 2% vs 2.1% expected on the core reading. The data […]

The post Gold Soars To Fresh 2019 High on Weak US Data appeared first on All About Forex World.

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Market focus All the markets’ attention is focused on the U.S. & China Retail Sales and Industrial production. Despite the trade conflicts, very optimistic indicators are expected in both countries. In China, the annual growth rate of Retail Sales is expected to 8%, in the USA it could be 2.6%, also making a positive contribution […]

The post Trade war escalates into a battle of stimulus appeared first on All About Forex World.

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The mood across financial markets was cautious this morning as rising geopolitical tensions in the Middle East and persistent uncertainty over US-China trade developments capped risk appetite. Asian stocks were subdued on Friday after China’s industrial output dropped to its lowest levels for more than 17 years in May. The risk-off tone and disappointment from […]

The post Markets hit by caution ahead of US retail sales data appeared first on All About Forex World.

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GBPUSD The pound has been relatively steady in recent sessions versus the other major currencies, on net, though has retained a heavy tone for want of avid buyers. This comes after a five-week phase of Brexit-related underperformance as markets factored in the delayed Breixt process, the success of the Brexit Party in the EU parliamentary elections […]

The post Action on Pound appeared first on All About Forex World.

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The US retail sales report due today will mark the end of a busy week ahead of the Fed meeting next week. Economists forecast that retail sales will bounce back following the decline in April. Headline retail sales are forecast to rise 0.6% on the month, reversing the 0.2% decline from April. Excluding autos, retail […]

The post US Retail Sales to Bounce Back in May After April Slump appeared first on All About Forex World.

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Gold rallies – Opens the doors to 1400? – Gold spikes higher as China production growth continues to decelerate, geopolitical tensions increase, and due to a firmer USD amid plateauing in Fed easing expectations.  This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. […]

The post Gold rallies – Opens the doors to 1400? appeared first on All About Forex World.

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Brent crude extends gains following tanker attack in Gulf of Oman; gold lifted too Dollar heads for weekly gains as US retails sales and Fed meeting eyed Aussie and kiwi sag on growing rate cut bets Oil jumps on renewed tensions in Middle East Market sentiment was mixed on Friday as ongoing trade uncertainty and […]

The post Daily Market Comment – Oil, gold up on Middle East tensions; dollar steady ahead of US retail sales appeared first on All About Forex World.

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Global Markets: Asian Stock Markets : Nikkei up 0.35%, Shanghai Composite down 0.44%, Hang Seng down 0.42%, ASX up 0.13% Commodities : Gold at $1348.95 (+0.39%), Silver at $14.92 (+0.17%), Brent Oil at $61.83 (+0.85%), WTI Oil at $52.52 (+0.46%) Rates : US 10-year yield at 2.086, UK 10-year yield at 0.835, Germany 10-year yield […]

The post Markets lower on Middle East tensions appeared first on All About Forex World.

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