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  • GBP/USD Bulls Test 10-day SMA Resistance

    GBP/USD has rebounded around 1.15% since June 12th after the general election slump. On the 4-hourly chart, GBP/USD has been trading above the downside uptrend line support since June 13th. The Brexit negotiations, between the UK and the EU, is set to start today, June 19th. In the short term, the GBP prospects will likely […]

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  • Iofina continues to cut costs and maintain production

    15 June 2017: Dr Thomas Becker, CEO of Iofina, says the company fully expects to match last year’s production, but with prices firming and the cost-cutting plan continuing to take costs out 2017 is looking bright for the business.

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  • USD/CAD Rebounds from Major Support

    USD/CAD has seen a substantial 3.65% slump since May 5th. The FOMC made a hawkish statement on Wednesday evening, June 15th, resulting in a sharp rebound of USD and USD/CAD. As a result, the USD/CAD downtrend was held above the short term major support level at 1.3200, after hitting a 3-and-a-half-month low of 1.3164, There […]

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  • USD/JPY Bears Test Significant Support at 109.00 Ahead of FOMC

    USD/JPY saw a 0.6% rebound from June 7th to 13th as safe havens retreated after the release of the UK general election outcome, easing markets’ risk-off sentiment. The bulls have recovered the significant psychological level at 110.00 since Tuesday. This morning, in the European session, USD/JPY continued edging up reaching a 2-day high of 110.33 […]

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  • Cadence Minerals CEO explains where the value lies for investors | IG

    Cadence Minerals CEO, Kiran Morzaria, explains where the value lies in the company’s assets. He says that just one of seven projects has a net present value well in excess of the company’s entire market cap. Website: http://www.ig.com/uk?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/de… iTunes: https://itunes.apple.com/gb/app/ig-tr… LinkedIn: https://www.linkedin.com/company/igcom Google +: https://plus.google.com/u/0/108999047… IG is a […]

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  • How will US Data and FOMC Affect USD ?

    The crucial US retail sales and inflation figures for May will be released at 13:30 BST today, June 14th, it will be followed by the long-awaited FOMC June rate decision at 19:00 BST and the press conference at 19:30 BST. US CPI and core CPI has reached, and held above, the Fed’s 2% target since […]

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  • GBP/JPY Bears Break Downtrend Line Support

    GBP/JPY has seen a substantial 5.7% retracement since May 10th. The price has been trading above the downside short term major downtrend line support since May 18th. It has seen a 2% fall since the general election date, caused by the disappointing Hung Parliament outcome. This morning in early European session, the psychological support line […]

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  • Seeing Machines expands visibility with newly promoted CEO

    8 June 2017: Seeing Machines new chief executive, Mike McAuliffe, says the company recognises that it is entering a new era where it can expand further into its five pillars of operation. Former CEO, Ken Kroeger, moves up to the chairman’s office.

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  • GBP/USD Consolidates Post Hung Parliament Slump

    The outcome of the UK general election has resulted in a Hung Parliament. Updated seats breakdown of UK general election so far is: Conservatives 318, Labour 261, SNP 35, Liberal Democrats 12 other parties 23. Following this result the Conservative Party has lost their majority in the House of Commons and will now be looking […]

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  • Market Concerns over Uncertain Outcome Drives GBP/USD Lower

    GBP/USD has rallied around 3.14% since Theresa May announced a snap general election, as markets largely priced in a Tory victory. GBP/USD has been trading above the downside uptrend line support since May 31st. Today is the market-focused UK general election. The Tories are expected to remain in power, however, now it is hard to […]

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  • Downward Revised Inflation Ahead of ECB Weighs on EUR/USD

    The European Central Bank’s (ECB) rate decision and press conference is scheduled at 12:45 and 13:30 BST respectively on Thursday, June 8th. Earlier today, Bloomberg unexpectedly reported that the ECB will cut its inflation forecast at tomorrow’s meeting due to falling energy prices. The annual inflation forecasts announced in March foresaw rates of 1.7%, 1.6% […]

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  • EUR/GBP Bears Test the 10-day SMA Support

    EUR/GBP has seen a noticeable 4.3% gain since May 11, helped by the strengthening of EUR. On the daily chart EUR/GBP has been trading above the downside 10-day SMA support since then. However, in early European session today, the bulls have retraced after hitting a 12-week high of 0.8766, as trading below the significant resistance […]

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  • May NFP Report Send U.S. Stocks to Record Highs and Dollar to Eight-Month Lows

    The market’s reaction to the latest U.S. jobs data known as the Nonfarm Payroll (NFP) was swift on Friday. As the dollar sold off, traders rallied behind stocks on expectations the Federal Reserve won’t rush to normalize policy in the remainder of the year. NFP Disappoint U.S. employers added just 138,000 workers to payrolls last […]

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  • USD/CAD Bulls Test 20-day SMA Resistance

    USD/CAD has plunged 2.5% from May 5th to 24th caused by rising Oil prices. The trend has turned to an upswing since May 24th helped by a slump in oil prices after the recent OPEC meeting. On the 4-hourly chart USD/CAD has turned bullish, trading above the downside uptrend line support. This morning USD/CAD hit […]

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  • Green Dragon Gas

    1 June 2017: CEO and Chairman of Green Dragon Gas, Randeep Grewal, explains its exciting new venture, the Qinshui Basin Chengzhuang Cooperative CBM Block (‘GCZ Block’) in China.

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  • USD/JPY Bulls Break Downtrend Line Resistance

    US Pending home sales (YoY) released yesterday saw a 3.3% drop in April, from a 0.8% growth in March, marking the biggest drop since June 2014. After the release of the data USD weakened across the board. USD/JPY hit a 2-week low of 110.47. On Thursday, June 1st, in early European trading session, the USD/JPY […]

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  • Could NZD/USD Hold Above the 0.7100 Psychological Level?

    NZD/USD has seen a noticeable 2.4% gain since May 22nd helped by outperforming New Zealand economic data. On the daily chart Kiwi bulls have successfully breached the major downtrend line resistance on May 22. Since then Kiwi has been trading above the downside 10 SMA support. The bulls further broke the next significant psychological resistance […]

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  • FTSE Bears Test Significant Support on Increased Election Uncertainty

    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 […]

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  • Berkeley Energia expanding its uranium mining project in Spain | IG

    Berkeley Energia CEO, Paul Atherley, says that operating costs are ‘roughly’ $15/lb and, with recent uranium prices at $21/lb, he believes its Salamanca project provides excellent value. Paul also discusses the low capital requirement. Website: http://www.ig.com/uk Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: https://www.linkedin.com/company/igcom Google +: https://plus.google.com/u/0/108999047065291192896 IG is a global leader […]

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  • Increased Election Uncertainty Weighs on GBP/USD

    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 […]

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  • WTI Corrected After OPEC Meeting Outcome

    Latest EIA data recorded a 4.43mn barrel decline in inventories for the latest week. WTI traded higher this morning, hitting the highest level of 51.96, last seen on April 19. However, it was followed by a retracement after OPEC announced the existing output cut agreement to be extended for 9 months, as markets have largely […]

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  • USD/CAD Tests 1.3500 Support Ahead of BoC, FOMC and OPEC

    The Bank of Canada (BoC) will announce its rate decision and monetary policy statement this afternoon at 15:00 BST. Be aware that it will likely cause volatility for CAD and USD crosses. Market consensus is that the BoC will keep rates unchanged at 0.5%. USD/CAD has seen a substantial 1.7% retracement since May 5th caused […]

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  • GBP/USD Bears Test Uptrend Line Support Post Manchester Terror Attack

    GBP/USD has been trading above the downside uptrend line support since mid-March. Cable rallied around 3.5% since Theresa May announced a snap general election on April 18 as markets have largely priced in a Tory victory. GBP/USD hit a high of 1.3047 on May 18, last seen on September 29, breaking a significant resistance level […]

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  • USD/JPY Hovers Above Significant Support Post Trump’s Scandal

    Last week USD had its biggest weekly fall since the US presidential election, caused by Trump’s Russia leak scandal. This week markets’ risk-off sentiment has been slightly eased. On May 18th USD/JPY hit a low of 110.22, last seen on April 25th. Notably, the downtrend has held above the significant support line at 110.00. Bulls […]

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  • UK General Election: what the main party manifestos tell us | IG

    With the IG spread, on its Digital 100, showing the Conservative party expected to win by a majority of around 70 seats at the general election on 8 June, we look at some of the manifesto pledges from the three main political parties. Website: http://www.ig.com/uk Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: […]

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  • EUR/USD Bulls Approach Major Resistance at 1.1200

    EUR/USD has remained bullish and rallied notably around 2.7% since May 15, helped by the recent slump in the USD. EUR/USD saw a correction on May 18, as a result of the rebound of USD. Friday morning, during early European session, EUR/USD rallies again and approaches the significant psychological resistance level at 1.1200. Currently, the […]

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  • NZD/USD Tests Downtrend Line Resistance

    NZD/USD saw a substantial 6.22% retracement since February 7. The downtrend was held above the significant support line at 0.6800 since the end of April, suggesting the bearish momentum has been waning. The price further broke the next psychological level at 0.6900 on Wednesday, as a result of the weakening of USD caused by Trump’s […]

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  • Bullet Report: Dollar erases all its gains while Stocks Crash

    The Dollar has erased all of its gains following the appointment of Donald Trump as President, in what was Trump’s worst week in office as of yet. Expectations that Trump would increase government spending as well as Tax cuts that would stimulate the economy, were responsible for the Dollar’s strength after he was elected. However, […]

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  • Will James Comey testify against Donald Trump?

    18 May 2017: Seeing lots of movement in the financial markets along with unemployment rates down 20 basis points and the Nikkei down almost 2%, IG analyst Chris Weston explains there is much more to play out in the Trump phenomenon, and suspects James Comey will testify against Donald Trump next Wednesday.

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  • WTI Below $50 Ahead of EIA Inventory Data

    There are two upcoming events that are expected to impact the price of Oil; firstly, the Iran presidential election will be held this Friday, May 19th and secondly the OPEC meeting will be held on May 25. The result of the Iran presidential election and the associated geo-political risks will likely affect its oil supply. […]

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