Gold 1 OZ (XAU=X) bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place

Gold 1 OZ (XAU=X) bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place Technically, the gold bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close…

British Pound: USD/GBP (GBP=X) slumps just hours after soaring to five-month high as investors fear DUP will torpedo Brexit deal

British Pound: USD/GBP (GBP=X) slumps just hours after soaring to five-month high as investors fear DUP will torpedo Brexit deal The pound had a tumultuous day against the dollar today after Prime Minister Boris Johnson revealed a Brexit deal had been agreed with the European Union . Sterling rose by 1 per cent this morning…

United States Oil (USO) eased after industry data showed a larger-than-expected build-up in stocks in the United States

United States Oil (USO) eased after industry data showed a larger-than-expected build-up in stocks in the United States Oil prices eased on Thursday after industry data showed a larger-than-expected build-up in stocks in the United States, although losses were limited by comments by U.S. Treasury Secretary Steven Mnuchin on a U.S.-China trade deal. Global benchmark…

Investors Love Brexit

Sterling edged up Thursday as Britain and the European Union appeared close to a Brexit agreement, though investors remain on edge with any deal possibly facing strong opposition in Westminster. After years of wrangling, the two sides said Wednesday they were edging towards the basis for a treaty allowing Britain to avoid crashing out of…

Brexit Latest

British and EU negotiators worked late into the night into Thursday in the hopes of presenting a last-minute Brexit deal to leaders meeting for a crunch European summit. Both sides said they were close to finding a basis for a treaty to ensure Britain heads for a managed withdrawal from the European bloc it has…