GOLD In the last few trading sessions we have seen less volatility on gold. The bullion price remains above $1,950, without being able to attack the key resistance area of $2,000. The positive trend looks to be recovering its strength even if we are in a “wait and see” phase, with investors believing that the…
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Key data this week Bold indicates the most important releases for this symbol. Tuesday 15 September, 9.00 GMT: ZEW economic sentiment index (September) - consensus 69.8, previous 71.5 Tuesday 15 September, 23.50 GMT: Japanese balance of trade (August) - consensus -¥37.5 billion, previous ¥11.6 billion Tuesday 15 September, 23.50 GMT: Japanese annual exports (August) -…
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GOLD The gold price is slightly recovering following modest gains for stocks as investors look for new market movers. The macroeconomic calendar is not too busy today, while EUR/USD is also steady with the euro gaining just a few pips. The main scenario remains unchanged as bullion is still in a long-term bullish trend, while in…
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EUROPEAN SHARES European benchmarks were little changed for the last trading session of the week as uncertainty continues. Although the ECB held its rates and provided investors with extended purchase programs (APP and PEPP) yesterday, no significant immediate impact has been recorded on stock prices as the move was already largely priced in. Christine Lagarde’s…
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Key data this week Bold indicates the most important releases for this symbol. Tuesday 8 September, 6.00 GMT: German balance of trade (July) - consensus €22 billion, previous €15.6 billion Tuesday 8 September, 6.45 GMT: French balance of trade (July) - consensus -€4.8 billion, previous -€8 billion Tuesday 8 September, 9.00 GMT: eurozone-wide annual GDP…
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EUROPEAN SHARES Stocks are trading slightly higher at the beginning of the European session on Monday with benchmarks stabilizing following last week’s sell-off. While uncertainty remains over mounting job risks as well as drying stimulus, many investors seem to be speculating that the European economy could be more resilient than other economic areas. These hopes are…
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What to watch US markets are closed on Monday for a public holiday. JD Sports Fashion: Tomorrow, London-listed JD Sports Fashion will release its latest quarterly earnings. The firm is ahead of the broader market year-to-date, although its share price is still down 14.6%. Back in April the company scrapped its final dividend and chairman…
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What to watch Note: US stock markets are closed on Monday due to a public holiday. Jobs report: With minimal earnings news, all eyes will be on August’s US jobs report from the Bureau of Labor Statistics on Friday. The report will include data on nonfarm payrolls – a measure of the number of US…
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GOLD Gold has been hit by the strength of the greenback in the last 48 hours. The bullion price retraced from the resistance zone at $2,000 to once again near the support zone at $1,920. Moreover, the general "risk on" scenario seen on markets, with another rally on stocks, pushed investors to bet on more risky…
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What to watch Broadcom: Semiconductor and infrastructure software firm Broadcom has seen its share price jump 18.7% year-to-date, including a 4% rally on Wednesday, the day before its latest quarterly earnings report. The near $150bn market cap firm has found some of its services and products, which are used to help build and maintain IT…
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