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Where Did You Gold? - Gold Price Expected to be Bullish

Illustration photo of Gold Price H4 Chart from Ending above 1928.60 yesterday, gold is expected to have more gains on the short- and medium-term basis, while noting that the next station is at 1970.00. Current negative stochastic may cause a brief fluctuation sideways before continuing

Franc Little Changed After Swiss CPI

At 2.30 am ET Tuesday, Swiss consumer price figures have been released. The franc changed little against its major rivals following the data. The franc was trading at 116.88 against the yen, 1.0800 against the euro, 0.8803 against the greenback and 1.1975 against the pound around 2:34 am ET. Forex N

Argentina says tax revenue up 38.6% y/y in December, 2020 revenue up 32.1% on 2019

BUENOS AIRES, Jan 4 (Reuters) - Argentina collected 679 billion pesos ($8 billion) in tax revenue in December, up 38.6% versus the same month a year earlier, the government’s AFIP tax authority said on Monday. Revenue was up 32.1% in 2020 compared to the previous year, it added. (Reporting by Lucia

CANADA STOCKS-TSX opens higher on gains in materials stocks, upbeat manufacturing data

Jan 4 (Reuters) - Canada’s main stock index opened higher in the first trading session of the year on Monday, supported by gains in materials stocks, while upbeat factory data for December bolstered optimism around an economic recovery. * At 9:30 a.m. ET (1430 GMT), the Toronto Stock Exchange’s S&am

EUR/USD Forecast: New year, new highs? Not so fast, three dark clouds may trigger setback

EUR/USD has kicked off 2021 by resuming its gains amid dollar weakness. Concerns about covid variants, slow vaccine distribution, and Georgia's special elections may bring it down. Monday's four-hour chart is showing a moderately bullish picture. "Nothing changes on New Year's Day" – these from U2's

2021 to be the year of the bulls – Nordea

According to the Chinese Zodiac calendar, we have entered the year of the ox. That is probably as oxish (or bullish) as it gets, and Chinese stimulus patterns still hint of an extraordinarily strong first half of 2021, while economists at Nordea are a bit more in doubt about the second half. The new

Market Update: More grief for the greenback

USDIndex, Weekly My diary tells me it’s day 366 of 2020. I started my WFH campaign on March 11, when the USDIndex was trading at 96.40 and on its way to 103.80 by March 23. Today, as we close an unprecedented year, the USDIndex has posted another major-trend low, at 89.51, a level last traded in Apr

A divided United Kingdom exits EU orbit, heads into the Brexit unknown

LONDON, Dec 31 (Reuters) - The United Kingdom exits the European Union’s orbit on Thursday, turning its back on a tempestuous 48-year liaison with the European project for an uncertain Brexit future that will shape the fortunes of its people for generations to come. Brexit, in essence, takes place a

Gold Price Forecast – Gold Continues to Power Towards Big Figure

Gold markets are pressuring the $1900 level yet again during the trading session on Wednesday, as we head into 2021. That being said, volume is dropping off of a cliff, but that should not be a huge surprise as it is a cyclical thing. That being said, I think it is only a matter of time before we wi

EURUSD Heavy Rejection

The euro currency has reversed sharply lower against the US dollar after hitting a new yearly high, around the 1.2290 level, during the European session. Technical analysis highlights that an extremely large bearish reversal pattern will form if the current rejection reaches 1.2130. To the upside, a

Stocks rise into year-end on 2021 recovery hopes

LONDON (Reuters) -Wall Street was set to open higher and world stocks edged towards recent record highs on Wednesday, with investor hopes of a strong economic recovery next year also pushing the safe-haven dollar to its lowest since April 2018. Europe’s main markets were heading for a sixth straight

S.Korean shares end at record high, see biggest annual gain since 2009

* KOSPI jump 2% to record closing high * KOSPI up 30.8% for 2020, ends 23.4% higher for Q4 * KRW strengthens against USD, up 6.5% for 2020, up 7.7% for Q4 * South Korea benchmark bond yield rises * For the midday report, please click SEOUL, Dec 30 (Reuters) - Round-up of South Korean financial marke

Investors still expecting stimulus bump [Video]

The move by the US senate majority leader to block an initial attempt to push through added US stimulus shook the market up just a bit on Tuesday. But ultimately, record high stocks are positioned to extend those record gains on an expectation the stimulus bump will eventually be there.

Gold price attempts to breach – Analysis - 24-12-2020

Gold price settles around 1875.00 level, and continues the attempts to breach to support the chances of continuing the main bullish trend, which moves organized inside the bullish channel that appears on the chart, supported by the EMA50 that continues to carry the price from below. Therefore, we wi

South Korea Industrial Output Rises 0.3% In November

Industrial production in South Korea was up a seasonally adjusted 0.3 percent on month in November, Statistics Korea said on Wednesday - shy of expectations for an increase of 0.8 percent following the 1.2 percent contraction in October. On a yearly basis, industrial production gained 0.5 percent -

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