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Gold Rallies to 15 Week High As Dollar Retreats

COMEX Gold Futures Daily Chart: Price retraced to the 61.8% Fibonacci Level In early Friday trading, COMEX gold futures traded to a fresh 15 week high, reaching levels last seen on November 11th. Despite recent hawkish Fed rhetoric, minutes from the latest Federal Reserve policy meeting cut expectations for an interest rate hike in March, lowering U.S. bond […]

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EUR/USD Slides to 6 Week Low

EUR/USD fell in early trading on Wednesday, reaching its lowest levels since January 11th. The pair had been pressured lower after hawkish comments from Fed Chair Janet Yellen. Political fears also weigh on EUR/USD as French Presidential candidate Marine Le Pen advanced in polls. The recent low of 1.0339 comes into view again here and […]

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British Pound Sinks Amid Hard Brexit Fears

GBP/USD fell to its lowest level since October and breached the key level of 1.20 in early trading on Monday. The selling was fueled by reports that Britain will leave the EU single market as part of its Brexit plans. The Sunday Times reported that Theresa May will announce that Britain is seeking a hard […]

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Euro Sharply Lower Amid Deutsche Bank Concerns

The euro weakened on Friday as concerns over the stability of German banking giant Deutsche Bank increased. Some analysts fear that the risk could be systemic in nature and potentially set off a eurozone banking crisis. DB shares fell to 30-year lows after 10 hedge funds cut their exposure to the bank, which is Germany’s […]

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