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The precious metal gold fell sharply to 1,926 amid neutral FOMC meeting minutes from the United States. Gold is now gaining support around 1,926 levels, which is extended by a symmetric triangle pattern. Learn more about it in a gold price forecast video above.
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Citigroup Inc. share price down, sells OneMain to Springleaf in a $4.25-billion deal Citigroup Inc. reached an agreement to sell its OneMain financial arm to Springleaf Holdings Inc. in a $4.25-billion cash deal, creating the largest US subprime lender.The transaction is expected to be finalized in the third quarter of the […]
Forex Market: EUR/GBP daily trading forecast Yesterday’s trade saw EUR/GBP within the range of 0.7402-0.7508. The daily low has also been the lowest level since February 2008. The pair closed at 0.7453, gaining 0.28% on a daily basis.At 7:14 GMT today EUR/GBP was down 0.04% for the […]
Forex Market: AUD/USD distances from four-month highs after Australia’s retail sales data, RBA Governor’s comments The Aussie dollar distanced from the strongest level in more than four months against its US counterpart, after Australias retail sales trailed analysts estimates and following RBA Governor Glenn Stevens comments that it was too early to […]
Forex Market: EUR/USD daily forecast During yesterday’s trading session EUR/USD traded within the range of 1.3600-1.3652 and closed at 1.3628.At 6:48 GMT today EUR/USD was adding 0.06% for the day to trade at 1.3637. The pair touched a daily high at 1.3641 at 6:42 […]
Commodity Market: US Crude Oil eases from a 47-week peak in spite of larger US oil inventory drop, rising Chinese oil imports Futures on US West Texas Intermediate Crude Oil eased from a fresh 47-week high on Thursday, despite that China's customs data revealed a rise in crude oil imports and crude oil stocks in the US dropped more than anticipated last week, as […]
Outlook for EUR/USD cross during the upcoming week The euro advanced against the US dollar on Friday, after data showed US non-farm payrolls disappointed in December, raising concerns the Federal Reserve may have to reconsider the pace of scaling back its monetary stimulus.EUR/USD reached […]