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Gold is track for the highest close ever after a $36 jump

Gold is track for the highest close ever after a $36 jump

Gold weeklyThere is a thinking in much of the metals market that prices will take off when the US dollar turns.Today, with the slightest bit of US economic and US dollar weakness, we've seen a big move in gold and silver. Gold is up $36 to $2079, which would be the...

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European equity close: A sea of green

European equity close: A sea of green

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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Nasdaq nears the intraday record high

Nasdaq nears the intraday record high

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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Oil breaks $80 for the first time in nearly 4 months

Oil breaks $80 for the first time in nearly 4 months

Oil daily chart$80 WTI is important both psychologically and technically. It hasn't been up here since November 7, when questions began about OPEC+ unity. OPEC has held it together so far and global growth has been strong so far this year.Technically, I would look to...

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US dollar takes a sharp turn lower after USdata slate

US dollar takes a sharp turn lower after USdata slate

The market turned on a dime after a trio of US data releases all missed estimates.The US dollar was at the highs of the day shortly before the data, in part due to a stronger S&P Global manufacturing PMI and comments from Barkin that were more hawkish. The fear...

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Comments from Waller and Logan focus on balance sheet

Comments from Waller and Logan focus on balance sheet

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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US January construction spending -0.2% vs +0.2% expected

US January construction spending -0.2% vs +0.2% expected

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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US February ISM manufacturing 47.8 vs 49.5 expected

US February ISM manufacturing 47.8 vs 49.5 expected

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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ISM manufacturing highlights the US economic calendar today

ISM manufacturing highlights the US economic calendar today

Welcome to March trading. If you haven't read my March seasonals package yet, check it out.As the calendar turns over, the yen is giving back all of Thursday's gain while the rest of the FX market is still and oil is on a bit of a run.There is no early US data today...

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Fed’s Barkin: Yesterday was a high inflation report

Fed’s Barkin: Yesterday was a high inflation report

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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