Published on 07.06.2017 20:09 The gold price is taking a breather today after making a run for the $1,300 level on the back of US dollar strength as traders await tomorrow’s elections in the UK which depending on the outcome, could see the precious metal move significantly higher. The election is expected to be very…

Published on 07.06.2017 08:54 The Australian dollar has continued its winning streak today, racking up a 4th straight day of gains on the back of better than expected GDP figures which dimmed expectations of a rate cut in the nearest future. Gross domestic product rose by by 0.3 percent in the 2nd quarter of the…

Published on 01.06.2017 17:55 The British pound is under pressure again today against the Euro as more polls released before election day show the opposition labor party closing the gap on Theresa May’s conservatives. At 3.26pm (GMT) the British currency was trading at 87.04 against its European counterpart, down from 87.32 in yesterday’s close A…

Published on 30.05.2017 23:15 The Elections in the UK next week could be shaping up as a real boom for the Gold price as the gap narrows between Prime minister Theresa May and opposition leader Jeremy Corbyn  May's lead in the polls which was over 20 points just a week ago has dropped to just…

Published on 29.05.2017 21:46 The oil price is under further pressure today, following on from last week’s steep decline as the market remains uncertain how effective Opec’s and Non Opec countries such as Russia extended production cuts will be in boosting the price. There have been problems right from the start with two countries that…

Published on 29.05.2017 21:18 The pound has made a slight recovery today after suffering its biggest loss since January, on the back of election polls released showed the forthcoming elections to be held in the UK will be much closer than earlier predicted. At 7.05pm(GMT) the British currency was trading at $1.2841 up from $1.2795…

Published on 24.05.2017 20:48 The British pound is under further pressure today, falling for a third straight day after the terror attack in Manchester that left 22 people dead and scores more injured. At 4.45pm (GMT) the British currency was trading at $1.2940 against its US counterpart, down from $1.2962 in yesterday’s trading. Police in…

Published on 23.05.2017 14:15 The Australian dollar has continued its winning streak today against the US dollar, breaking through the US75c mark as iron ore prices continue to strengthen providing plenty of support for the local currency. The main driver behind the resurgence in the Iron ore price has been China with demand picking up…

Published on 18.05.2017 22:49 The British pound broke through the $1.30 mark today, its highest level in 8 months and some believe that now the physiological barrier has been broken, we may see further gains. At 8.26pm (GMT) the British currency was trading at $1.2940 after reaching a high of $1.3048 earlier in the trading…

Published on 17.05.2017 22:43 The pound has made a late recovery today in the European trading session after jobless numbers hit the market above expectations. The official unemployment rate released today from the UK came in at 4.6 percent, slightly above analysts’ expectations for a figure of 4.7 percent which was slightly undermined by the…