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Gold jumped to a 7-week high during Asian trading hours this morning as the USD continued its recent decline, itself hitting an 8-month low following slower-than-expected Q1 US GDP growth. Spot gold is currently trading at 1277.27, peaking at a 7-week high of over 1280 per ounce, up over $10 from Thursday’s close. Trading has ranged between $1,265.10 & 1,280.90 so far today. With the dollar testing recent lows again, gold prices are trying higher as investors are lookin…

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Volatility in the markets is very likely to continue and even increase in the coming months. This could provide many profitable opportunities to the savvy trader. Geo-political risk is moving to the forefront of investors’ minds at present and is guaranteed to be increasingly influential in decision making for the remainder of 2016. We have the imminent Brexit referendum taking place on 23rd June; since its announcement on 20th Feb we have seen high volatility in Cable with…

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This morning we’ve seen the price of Gold reach its lowest level since 2010, momentarily trading as low as 1063.73 / oz as a strong USD holds the value down. This level is the culmination of a drastic month for the precious metal as we’ve seen it nose dive over $100 since the peak of 1191.30 on 15th October. Bullion prices have actually fallen 15 out of 16 sessions as investors are bracing themselves for the first US interest rate hike in nearly a decade. Futures data…

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The PBoC’s overnight move to weaken its national currency, the RMB (Chinese Yuan), shows a significant shift in policy. They confirm they are to play a greater role going forward in the management of the exchange rate, sending ripples through the foreign exchange market. The move certainly comes at an opportune time for them following a series of weak macro trade data out of the country recently; exports have tumbled 8.3% in July from a year earlier and there has been a severe sl…

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After sliding on Friday Gold took massive dive overnight, plunging as much as 5.5% in morning trading, hitting a low of around 1072. This dragged a majority of commodities the same way as the dollar strengthened across the board as investors focus on the timings of a US rate rise. It was the first time Gold traded below $1,100 since early 2010 and its lowest mark since November 2009. Other precious metals subsequently followed suit; platinum down 3.8%, silver 1.8% and palladium trading…

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Following the move by the Swiss National Bank on Thursday to remove the exchange rate floor of 1.20, Gold traded 2% higher as investors found a safe haven. The yellow metal continued the surge higher during Fridays trading reaching a new multi-month high of $1281/oz. Some analysts had thought that investors may need to sell Gold to cover margin calls due to the dramatic move in the currency markets and meet their obligations. The safe haven flows persisted pushing the metal higher.…

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Today is the first Friday of the month, and the release of the closely watch US employment data, released by the Bureau of Labor Statistics. Today’s release at 13:30pm (London) will be the employment situation for December 2014. On Wednesday the ADP National Employment report printed an increase of +241,000 jobs in December, which is in line with the drop of the moving average of jobless claims. The December Non-Manufacturing ISM Indexdipped by 0.7 points to 56.0 from Novembers 5…

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The yellow metal, black gold, call them what you want; commodities have seen significant moves of over 6% in a single trading session in the last few days. The steep declines, and rallies in both Gold and Oil have seen significant volumes traded over the US public holiday, Thanksgiving. Crude Oil US (WTI) and UK (Brent) crude have been trending lower since the start of 2014, down over 30% YTD, trading at a four year low. The move is a gift for airlines and Oil purchasers, but is…

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On Sunday the Swiss people voted “No” in a referendum, known as the Save Our Swiss Gold initiative. The referendum result was expected, however the risk of a “Yes” vote had been weighing on the Swiss Franc, and the SNB’s potential to protect the EURCHF 1.20 floor. “The SNB will continue to enforce the minimum exchange rate with the utmost determination and is prepared to buy foreign currency in unlimited quantities to this end. The SNB will take fur…

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It is the 1st August and the first Friday of the month, and today the US Bureau of Labor releases their employment figures, Non-Farm Payrolls at 13:30 (London,UK). In the last few trading sessions, the USD has been bid against the majors, following Federal Reserve’s announcement of further tapering and policy statement that interest rates are not too far off. This has seen US indices trade lower, and Gold weaken by $20, now trading $1282/oz. Recent data: Initial jobless cla…

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Today is Non-Farm Payrolls Friday, the monthly release of the US employment figures that are closely watched by traders. The US Bureau of Labor Statistics releases the report at 13:30, with the headline number of jobs added during May and the unemployment rate. The Fed’s focus on the threshold unemployment rate of 6.5% seems to be waning, with the wage growth and capacity the concentration. Following the release there is usually considerable volatility as traders attempt to react…

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The new chairman of the Federal Reserve Janet Yellen continued where Ben Bernake left off. On Wednesday evening the it was announced that the Federal Reserve would taper their monthly asset purchases by $10bn in April, as they had in recent months, easing the US economy from the stimulus as growth begins to gain pace. As expected interest rates were left unchanged at the record low of 0.25%, but hinted that rates could rise in 2015, which would be about 6 months after it is has finished its…

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On Monday as tensions seemed to escalate, with rumours of deadlines for a Ukrainian surrender of warships in the Crimean region. Investors sought safe havens for assets, the precious metal was bid, reaching multi-month highs trading up to $1350/oz, in the currency markets Swiss Franc and the Japanese Yen strengthened, with the Russian Ruble and Ukrainian Hryvnia reaching all-time lows. The Russian central bank intervened in the markets due to the weakening Ruble, and hiked interest rat…

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The Ukrainian people in Kiev have recently overthrown the countries elected leader of their ties with Europe. The country is circled from the North and East by Russia, with links to Europe in the West of the country. Historically there are strong Soviet ties, primarily in the East of the country and the Southern region of Crimea. The bloody clashes in Kiev have left the country in limbo with Pro Russian and Pro European elements pushing for different allegiance. The situation escalated…

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