GBPUSD

2018 07 23

GBPUSD (1.3237) • UK data showed modest house price gains (+0.3 M/M for the Halifax measure) and a surprising pick up in Q1 Unit Labour Costs to 3.1% Y/Y. But for the GBP,

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EURUSD

2018 07 23

EURUSD (1.1706) • German industrial production rose 2.6% M/M in May, way ahead of the +0.3% rise expected. The positive run of Eurozone data in the past few weeks should bolster expectations that the economy is poised to rebound after a lull in Q1,

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USDINR

2018 07 23

The rupee settled at 68.87 to a dollar, against its previous close of 68.95, that was a record closing-low. It opened at 68.88 and briefly slipped to 69.03 levels, lowest since Jun. 28,

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Gold

2018 07 23

Gold moved modestly lower overnight on Friday, opening the day at 1255.00/1256.00. After the open, the metal rose to a high of 1258.75/1259.75 as the dollar index dropped to a 3-week low and U.S. 10-year Treasury yields fell to a 5-week low. Shortly there

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Weekly Outlook: July 9 - 13

2018 07 23

This week’s U.S. inflation data will be closely watched, while a Bank of Canada policy meeting and a first look at UK economic growth will also be in focus.

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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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