GOLD – Is this a Real Break?

Key Highlights GOLD rocketed higher recently, and cleared a lot of hurdles to move upside. There was weakness noted in the US dollar, which helped GOLD to trade higher in the near term. Chinese Caixin China Services PMI™, released by Markit Economics declined from 47.8 to 47.1 in August 2015, which was lower compared with the forecast. In Japan, the Nomura/JMMA Manu...
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Can GOLD Gain Traction despite Greece Exit Fears?

Key Highlights GOLD continued to fall this week and followed a nice downtrend despite Greece exit fears. HSBC China Services PMI™, released by Markit Economics posted a decline from the last reading of 53.5 to 51.8 in June 2015. In Australia, the Retail Sales released by the Australian Bureau of Statistics registered an increase of 0.3% in May 2015, compared with the ...
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EURUSD Is at a Critical Juncture

Key Highlights Euro after trading as low as 1.0810 moved back higher against the US Dollar. A nice bullish trend line is formed, which is acting as a major support for the EURUSD pair. Chinese HSBC Manufacturing Purchasing Managers Index (PMI) released by the Markit Economics came in at 49.2 in May 2015, up from the last reading of 49.1. EURUSD – Technical Analysis...
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Improved Chinese HSBC Services PMI Might Help Risk Sentiment

Key Highlights Currencies such as the New Zealand and the Aussie dollar were seen trading higher against the US dollar. Chinese HSBC China Services PMI was released by Markit Economics, which registered a healthy reading of 52.0 compared to the last reading of 51.8. In Japan, the Services Purchasing Managers Index (PMI) was released by Markit Economics, which registered...
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