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…
Read more
The FTSE 100 index has seen a 6% surge over the past 5 weeks. The index broke the significant resistance level at 7500 for the first time on May 16, and then hit an all-time high of 7553.20 on Friday May 26. The rally was helped by market confidence in a Tory election victory. A…
Read moreThe UK general election will be held on June 8th –less than 10 days away. Currently the breakdown of the 650 seats in the House of Commons are as follows: The Conservative Party has 330 seats, the Labour Party has 229 seats, the SNP has 54 seats, the Liberal Democrats has 9 seats and “other”…
Read morePublished 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…
Read morePublished 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…
Read moreMarkets are generally quiet as Markets in China, the UK and the US are closed for National Holidays. As a result, markets have seen overall subdued trading. The recent gains in Asian equities have pushed back; falling short of pushing towards new two-year highs. GBP is currently trading above 1.2830 as it moved off Friday’s…
Read more
GBP/USD has rallied around 3.5% from Theresa May announced a snap general election until May 22, as markets have largely priced in the expectations on a Tory landslide victory. GBP/USD hit a high of 1.3047 on May 18, last seen September 29. However, the bullish momentum has waned since May 22, as the difference of…
Read moreOn Thursday, OPEC announced that the existing output cut agreement will be extended for an additional 9 months, which was in line with market expectations. However, the scale of output cut remains the same at 1.8 million barrels a day. Besides, no new OPEC member states will join the agreement extension. In addition, the market…
Read moreA snapshot of calendar events ad breakdown of economic data for next week's trading. USD: The FOMC minutes outlined that consumer prices, spending and growth are expected to be ‘transitory’, which means any shortfall of these data sets in Q2 are likely to hamper expectations of hike number 4 of this cycle. Core PCE and…
Read morePosted by Matt Simpson | 26/05/2017 03:11 Several Yen crosses sit at technical junctures as we head to the end of the week. USDJPY, AUDJPY and GBPJPY are our preferred setups. [embedded content] Matt Simpson | Senior Market Analyst A certified technical analyst, combining macro themes, monetary policy and business cycles to generate Forex and commodity trade…
Read more