The FTSE 100 just closed at a record high

Despite a decidedly slow day of trading, the FTSE 100 closed at a record high today, finishing at 7,560.35 points. The index was pushed higher by …

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FTSE 100 closes at record high

“Of course the FTSE 100 hitting another record high does prompt questions about share prices overheating, though the UK’s headline index is a poor …

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Brexit Briefing: Crunch Date For Talks Fast Approaching

December 14 will be an important date for the Brexit negotiations; the European Council is meeting and it will have to decide whether the divorce talks can move on to the subject of trade.

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Focus on the ZEW Economic Reports

This event is released during the middle of each month. The report is the study prepared by the Center for European Economic Research located in Germany. Founded in 1990 on the basis of public-private, in cooperation with the University of Mannheim, ZEW is one of Germany’s leading economic research institutes, and enjoy a strong reputation throughout Europe. The ZEW Economic Sentiment is an amalgamation of the sentiment of approximately 350 economists and analysts regarding the economic future of Germany for the next 6 […]

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FTSE 100’s record attempt falls short

It’s been a big week for financial assets, both traditional and the new. One moment markets are threatening a correction, the next the FTSE 100 is …

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How to Start Trading Forex — Part 3/3

In the final video in the series, learn how to execute trades in MetaTrader 4, including how to set stop losses and profit targets. Learn what a winning and losing forex trade looks like. Let’s practice trading in a scenario where you think you are going to profit from buying the EUR/USD currency pair. The market direction is going up. The price is 1.4012. You decided to buy, because you think the price […]

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Greenback Recoups Losses in Asian Trades

The US dollar is gradually recovering its losses ahead of the jobs data from the United States. First of all, let us pay attention to the Australian dollar. The AUD/USD pair retreated from the high at 0.7720 and was trading near 0.7680 before the start of the European session. A weak retail sales report from Australia put the Aussie under pressure. The Australian retail sales came unchanged in the month of September while experts predicted […]

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OPEC+ Agreement Boosts a Rise in Oil Prices

Oil market is trading upwards today on the back of rumors that participants of the OPEC+ agreement intend to extend the deal on output freeze. The Brent Crude Benchmark is trading near the level of $60.70 per barrel. On Wednesday, oil prices declined after the EIA report had been published. Though the report showed that the stockpiles of Crude Oil in the United States declined by 2 million 435 thousand barrels, investors became concerned. […]

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GBP Stays at Lows While EUR Strives to Go Higher

There is a different trading sentiment in the European deals than in Asia. Today, no significant macroeconomic reports will be revealed in the eurozone, but the EUR/USD pair still resists the downtrend hardly. Meanwhile, activity of pound traders is quite sluggish. The single European currency keeps trading above 1.16 levels. Despite forecasts for the pair’s weekly close in the red, the euro is not giving up. Meanwhile, the GBP/USD pair is […]

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Loonie Climbs After Canada Trade Data, Jobs Report

Following the release of Canada jobs data for October and trade report for September at 8:30 am ET Friday, the loonie advanced against its major rivals.

The loonie was trading at 89.17 against the yen, 1.2769 against the greenback, 1.4906 against the…

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Dollar Falls After U.S. Jobs Data, Trade Report

Following the release of U.S. nonfarm payrolls report for October and trade data for September at 8:30 am ET Friday, the greenback declined against its major rivals.

The greenback was trading at 113.78 against the yen, 0.9956 against the franc, 1.168…

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EUR/USD Checks Resistance, USD Tests Support After NFP Miss

Non-Farm Payrolls came-in below expectations, but Dollar bulls apparently used that as an opportunity to accumulate near support. EUR/USD is testing an interesting area of potential lower-high resistance.

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Loonie Mixed Ahead Of Canada Trade Data, Jobs Report

At 8:30 am ET Friday, Statistics Canada will release Canada jobs data for October and trade report for September. The economy is expected to add 15,000 jobs in October, following an increase of 10,000 jobs last month.

Ahead of the data, the loonie tr…

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Dollar Mixed Ahead Of U.S. Jobs Data, Trade Report

At 8:30 am ET Friday, U.S. nonfarm payrolls report for October and trade data for September will be published. The economists are looking for non-farm payrolls consensus of 312,000, while it declined 33,000 in the prior month.

Ahead of these reports,…

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Crude Oil Near Highest Since 2015

Crude oil futures rose to the highest since 2015 on Friday, as traders anticipated the weekly oil rig count from Baker Hughes.

WTI light sweet crude oil was up 25 cents at $54.80 a barrel. Prices have rallied on speculation that OPEC will extend its …

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Gold In Narrow Range Ahead Of Jobs Report

Gold futures edged lower Friday ahead of a crucial U.S. jobs report that may compel the Federal Reserve to raise interest rates.

Gold was down $3 at $1274 an ounce.

U.S. employment is expected to jump by 312,000 jobs in October after unexpectedly di…

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UK Service Sector Expands Most In 6 Months On Strong Orders

The UK service sector expanded at the strongest pace in six months in October, largely driven by improved order books and client demand, survey data from IHS Markit showed Friday.

The IHS Markit/Chartered Institute of Procurement & Supply Purcha…

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Australia's Housing Credit Growth Likely To Slow Further

Australia’s housing credit growth is likely to slow further in response to the recent tightening of lending standards and out of cycle interest rate rises by commercial banks, Andrew Hanlan, an economist at Westpac Institutional Bank, said.

Total cre…

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FTSE 100 nears record high

The FTSE 100 Index gained 0.1% to 7559.22, not far off an intra-day high of 7598.99 reached on 2 June, although it slipped back to close at 7547.6 on …

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