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Euro Gains On U.S Dollar After Positive German Data
The Euro made its biggest gains against the U.S Dollar during Friday’s trading due to an unexpected rise in German business confidence, resulting in investors leaning towards riskier assets. The...
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Bullion Market Outlook For This Week
Both gold and silver during last weeks trading did not show any major movements or solid directions, with the yellow metal weakening for the majority of the week whilst silver prices traded slightly...
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Crude Oil Outlook This Week
Despite Crude Oil’s gains towards the end of last week, the commodity during last weeks trading, saw no clear trend or any major movements. At the end of last week,crude oil appreciated almost 0.8...
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Gold Tumbles As U.S Dollar Strengthens
The price of gold has weakened to a two-week low after a boost in the U.S dollar had made the metal less appealing as an alternative investment during Monday’s trading. Silver experienced even greater...
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Pound Strengthens On Renewed Concern Over Euro-Zone
The Pound appreciated against the 17 nation euro during Monday’s trading ahead of fresh concerns over Europe’s debt crisis. UK 10-Year Gilts climbed for the first time in 5 days as investors took to...
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Yen Declines Versus Majors Ahead Of BoJ Meeting
The Japanese Yen traded down versus the majority of its currency counterparts ahead of speculation that officials from the Bank of Japan will add stimulus measures at a policy meeting expected to take...
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Canadian Dollar Rises to 7-Month High Versus U.S Dollar
The Canadian Dollar appreciated to a seven-month high versus its currency counterpart, the U.S dollar.The rise of the “loonie” was a result of speculation that the global growth outlook is on the...
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Pound Drops As U.K Falls Into New Recession
The British Pound saw its biggest decline in two months against the Euro as statistics indicate the UK has officially gone into another recession. The sterling also slid from a seven-month high versus...
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Crude Oil Climbs To 1-Week High
Crude oil climbed to a one-week high after policy makers at the Federal Reserve mentioned that they speculate growth to move ahead at an accelerated pace. The rise comes after the commodity dropped as...
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Gold Price Boosted By Weaker U.S Dollar
Gold prices were boosted during Thursday’s early morning trading as a result of a weakening U.S Dollar. The metal benefited from statements made by the Federal Reserve that they would carry out...
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Yen Slides Versus Majors Ahead of Bank of Japan Meeting
Despite making gains during yesterday’s trading day, the Japanese Yen has reversed its performance to trade down against the majority of its major currency counterparts. The Japanese currency weakened...
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