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Trading in the financial markets is rather subdued today. Swiss Franc is the stronger one at the time of writing, followed by Dollar and Sterling. Commodity currencies, on the other hand, turn softer with Australian Dollar leading the retreat. But overall movements in the markets are limited. Gold and crude oil are also struggling in
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Views via Société Générale on the euro, the one to two month vie: EUR/USD has crossed above the daily Ichimoku cloud denoting extension in the ongoing rebound.  Next potential hurdles are at 1.2245 and January peak of 1.2350.200-DMA at 1.1930 should be near term support.  SG nominate S/R ahead for the pair. Resistance: 1.2210/1.2245 1.2165 1.2130
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Investors added just 139 contracts to their open interest positions in Gold futures markets on Monday, according to flash data from CME Group. On the other hand, volume extended the choppy activity and shrunk by around 34.3K contracts. Gold stays capped by $1,800 Monday’s small uptick in Gold prices was amidst a marginal increase in
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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LONDON: Copper prices soared to 10-year highs on Monday as Chile supply concerns, sliding inventories, a weaker dollar and expected strong demand from top consumer China triggered fresh buying. Benchmark copper on the London Metal Exchange (LME) traded 1.9% up at $9,730 a tonne in official rings. Prices of the industrial metal earlier hit $9,750
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