DGCX Records Best H1 Since Inception with Volumes up 44%

2018 07 02

Dubai Gold and Commodities Exchange (DGCX) has recorded its best H1 ever in its 13-year history, trading over 11,300,000 contracts so far in 2018, up 44% year-on-year (Y-O-Y). Traded value for the first six months of 2018 breached USD 250 billion for the

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GBPUSD

2018 07 02

GBPUSD (1.3154) • UK data reports were not particularly exciting for the GBP – Mortgage Approvals rose modestly while Q1 GDP was revised modestly higher to +0.2% Q/Q (unchanged at 1.2% Y/Y).

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EURUSD

2018 07 02

EURUSD (1.1655) • EURUSD gained in European trading on news that the ongoing EU Summit had manage to broker a deal on migration – with plans to stem the flow of migrants and share the burden of those who have already arrived.

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USDINR

2018 07 02

The rupee ended on Friday at 68.47 to a dollar, from 68.79 at previous close. It opened at 68.70 and extended gains to 68.36 intraday amid rebound in regional shares.

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Gold

2018 07 02

Gold edged higher overnight on Friday, opening the day at 1250.50/1251.50. After the open, the metal touched a low of 1248.00/1249.00 before rising to a high of 1255.00/1256.00 as the dollar retreated.

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Weekly Outlook: July 2 - 6

2018 07 02

This week investors will get the chance to parse through the minutes of the Federal Reserve’s June meeting on Thursday, after they return from Wednesday’s Independence Day holiday.

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GBPUSD Outlook for the Week

2018 06 25

GBPUSD (1.3290) • Sterling popped higher Friday on news that BoE economist Haldane had unexpectedly sided with the rate hawks at the policy meeting,

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EURUSD Outlook for the Week

2018 06 25

EURUSD (1.1643) • Preliminary Jun Eurozone manufacturing PMI were a little softer but services and composite data were better than expected,

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USDINR Outlook for the Week

2018 06 25

The rupee rose for a third consecutive on Friday, ending at 67.84 to a dollar, also highest since Jun. 14, against 67.98 at previous close.

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Gold Outlook for the Week

2018 06 25

Gold edged slightly lower overnight on Friday, opening the day at 1267.75/1268.75. After the open, the metal touched a low of 1266.50/1267.50 before rising to a high of 1270.25/1271.25 as the dollar index fell to a weekly low.

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