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Kenmare Resources publishes plans for expansion, increased production and margins, and also for an initial dividend. Michael Carvill, managing director, talks about the cheap and environmentally friendly cost of production and how the company is planning to raise production with all the benefits that brings. Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: […]

Bitcoin staged a modest recovery earlier this week, aided by news that asset management giant Fidelity will be entering the crypto arena soon to buy, sell, and store prominent digital coins for its institutional clients. Despite the rebound though, the world’s largest cryptocurrency remains confined in a relatively narrow range, and may require signs of […]

US President Donald Trump criticizes the board and methods of Fed Chairman Jerome Powell. However, the normalization of monetary policy and steady GDP growth continue to support the national currency of the United States, while the wager of other Trump cards can lead to the closure of the maximum net long positions on the dollar […]

EURJPY has been trading within a consolidation area in the very near term with upper boundary the 130.50 resistance level and the lower boundary the 129.20 support hurdle since October 8. The price headed lower in the previous session and is supported by the technical indicators. The RSI is moving south in the negative zone, while the […]

Japan will publish monthly trade numbers on Thursday (Wednesday, 23:50 GMT) and the latest inflation figures on Friday (Thursday, 23:30 GMT). Export growth likely eased in September but is expected to have remained positive for the 22nd straight month. Core inflation, meanwhile, is projected to have inched higher, in what would be good news for […]

Here are the potential market moving news releases scheduled for publication on Thursday. Swiss trade balance for September is out first at 6 o’clock in the morning. Surplus narrowed down sharply in August, moving towards the 2 billion Swiss Franc level. UK Retail Sales for September could be a potential Sterling mover at 8:30 in […]

Chris Boxall, Fundamental Asset Management, says that the issues around the suspension of Patisserie Holdings, which owns the Patisserie Valerie chain, is not likely to be a ‘raid on the business’, rather a ‘good old fashioned fraud’. The question, Boxall says, is now what the business worth is. Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more about IG: https://www.ig.com?CHID=9&SM=YT […]

GOLD PRICES held firm Wednesday in London, trading $10 per ounce above last week’s finish even as the Dollar rallied on the currency market.   Crude oil edged back after 3 sessions of gains amid worsening political tensions over the apparent murder of a US-based Saudi journalist in Istanbul.   Asian equities rose for a […]

Alcoa stock tumbled to a new 15-month low in the preceding week, reaching the 35.00 round number. Currently, the price is edging higher and the technical indicators are suggesting a possible upside pullback. The stochastic oscillator created a bullish crossover within the %K line and the %D line in the oversold zone, which is a signal for a bullish […]

The Euro Stoxx 50 (EU50) index hit a 22-month low of 3167.70 on October 12, falling further below its moving averages (MA), before reversing higher. However, the rebound was cut short today after the index met resistance at the 38.2% Fibonacci retracement level of the downleg from 3453.70 to 3167.70. The easing of the positive […]

On September 13, the depicted daily downtrend line which came to meet the pair around 1.3025-1.3090 failed to offer enough bearish pressure on the pair. Since then, the GBP/USD pair has been demonstrating a successful bullish breakout so far. On September 21, the GBP/USD failed to demonstrate sufficient bullish momentum above 1.3296. The short-term outlook […]

On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress. On September 10, the price level of 1.1500 offered temporary bullish recovery. Quick bullish movement was demonstrated towards the upper limit of the price range (1.1750). However, the EUR/USD bulls failed […]

It’s noon GMT on this Wednesday, so let’s see how traders have performed during the morning session. Euro/Dollar has declined to trade point 39% in the red at noon. Turnover is low and most of the traders have been forecasting the pair to head higher. The rate went in the opposite direction to those forecasts, […]

Here are the latest developments in global markets: FOREX: Worse-than-expected CPI readings out of the UK drove sterling lower early in the European session after September’s data showed an annual inflation rate of 2.4%, below the consensus of 2.6% and under the previous mark of 2.7%. This is the lowest annual price growth in three months. Pound/dollar dropped by […]

AUDUSD is holding above the 32-month low of 0.7040 but remains under pressure as it has failed to climb above the 20-simple moving average (SMA) in the daily timeframe. The price is trying to post a bullish correction and may challenge again the long-term descending trend line, which has been holding since January 26.  The technical picture supports that […]

Trading recommendations: According to the H4 time – frame, I found that Bitcoin is still in the short-term balance and that my last analysis is still active. The high of the balance is set at the price of $6.710 and the low of the balance is set at the price of $6.163. Most recently, I […]

Let’s see what the average and maximum spreads levels have been over the 24 hours to 10 AM on Wednesday. Euro/Dollar’s long term average and maximum spreads are point 31 and 1.4 pips respectively. The pair moved South of the 1 16 level after declining by a total of point 64% or 74 pips. Both […]

Recently, the Gold has been trading sideways at the price of $1,226.00. Anyway, according to the H4 time – frame, I have found potential end of the downward correction (regular flat), which is a sign that selling looks risky. The short – term trend is bullish and my advice is to watch for a potential […]

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3124. According to the H1 time – frame, I found the breakout of the bearish flag and end of the upward correction (abc flat), which is a sign that sellers are in control. I also found that wave C didn’t break […]

Overview: The NZD/USD pair faces resistance at 0.6617, while strong resistance is seen at 0.6617. Support is found at 0.6543 and 0.6496 levels. Today, the NZD/USD pair continues to move downwards from 0.6617 level. The pair could fall from 0.6617 level to the first support around 0.6543. In consequence, if the NZD/USD pair will break […]

Overview: Bullish outlook. The USD/CHF pair continues to trade upwards from the level of 0.9875. The pair rose from the level of 0.9875 to a top around 0.9865. Today, the first resistance level is seen at 0.9865 followed by 0.9922, while daily support 1 is seen at 0.9743 (61.8% Fibonacci retracement). According to the previous […]

With gold having asserted its status once again as a haven in times of stock market turbulence, Simon Popple, from Brookville Capital, discusses the reasons why the gains may begin to stick this time around. Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom #gold #stockmarket #interestrates We provide fast and […]

Risk appetite in the markets improved after strong increases on Wall Street on Tuesday. The SP500 rose on Tuesday by 2.15%, which was the best day since April and a sign of ending the correction. A manifestation of sentiment improvement helps continue growth in Asia. Japanese Nikkei225 grows 1.1% and Chinese Shanghai Composite gains 0.2%. […]

Risk Warning: 69.39% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Let’s find out how the interbank compares with the technicals at 8 AM GMT on this Wednesday. Indicators show mixed signals in all three time ranges for the Euro/Dollar, but the 17% short interbank is bearish. Pound/Dollar’s hourly models are mostly pointing South. Mid term models are neutral and 5 studies are green in the […]

On Monday last week, the International Monetary Fund (IMF) released a report showing that the world economy would see a lower growth than had been expected. For 2019, the growth was lowered to 3.7% from the previous 3.9%. This was a big deal because previously, the expectations from investors was that the economic growth would […]

One of the most important roles of central banks is to ensure the stability of the financial sector. They do this by working closely with banks to ensure that they are well-funded. Another important role is to ensure that consumers are protected from high inflation, deflation, and stagflation. They do all this by using several […]

Here are the latest developments in global markets: FOREX: The dollar is higher by 0.1% against a basket of six major currencies on Wednesday, after ending the previous session practically unchanged. The British pound regained some poise yesterday, aided by encouraging UK wage figures and reports suggesting the EU is open to extending Britain’s Brexit transition […]

USD/CAD has been quite impulsive, making bearish swings since it bounced off the 1.3050 area with a daily close. CAD has been the dominant currency in the pair. Despite higher volatility in the trend structure, CAD managed to sustain the bearish pressure in the pair against USD. USD has been struggling in light of recently […]

Mary Daly, the head of the FED of San Francisco and a member of the FOMC, spoke at the question and answer session. Her comments indicate that there are no signs to stop interest rate increases. Inflation is at the target, and the level of full employment has been exceeded in the labor market. The […]