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EUR/USD weaker

EUR/USD weaker, tumbles to 2-month low near 1.1400 - The shared currency comes under further selling pressure on Wednesday. - Spot comes down and tests fresh lows in the boundaries of 1.1400. - EMU, German flash PMIs came in below expectations in October. The selling pressure is now gathering furth...

EUR/USD remains sidelined

EUR/USD remains sidelined around 1.1480, focus on Italy, data - The pair moves sideways always below the 1.1500 handle. - The greenback follows the same pattern around 96.00. - Focus remains on Italian politics and flash PMIs. EUR/USD alternates gains with losses in the middle of the week, extendin...

GBP/USD risks are skewed to the downside

GBP/USD Technical Analysis: Risks are skewed to the downside - As seen in the daily chart, the GBP/USD pair closed at1.2960 on Monday, confirming a downside break of the trendline connecting the Aug. 15 low and Oct. 4 low. - The pair failed to hold on to gains above the trendline resistance (former...

Citigroup FX Rigging trial

Ex-Citigroup Trader on Trial for FX Rigging Called ‘Golden Boy’ BN-MC393_0115ci_P_20160114082615.jpg (Bloomberg) -- A former Citigroup Inc. trader accused of rigging the foreign-exchange markets was a "golden boy" in demand at the bank for his knowledge of markets and ability to communicate with ot...

Breaking: EU may offer British PM a UK-wide customs union

EU may offer British PM a UK-wide customs union 0010dfe1-500.jpg The EU will offer British Prime Theresa May a UK-wide customs union as a way around the Irish backstop issue, but it will have to be negotiated beyond the Withdrawal Agreement as a separate treaty, RTÉ News understands. The Withdrawal...

USD/CAD reverses

USD/CAD reverses a dip to 1.3080, focus on BOC decision - US dollar slips in tandem with USD/JPY, drags USD/CAD lower. - Fresh selling in Oil caps the downside, as the focus shifts to the BOC rate hike plans. The USD/CAD pair quickly reversed a brief dip to daily lows near 1.3080 region, now lookin...

Gold in bullish consolidation

Gold Technical Analysis: In a bullish consolidation phase - Gold is trapped in a narrow range of $1,220 to $1,230, as the bulls are likely having a breather, having pushed the metal to a 2.5-month high of $1,233 last week. - Also, the consolidation is happening in the positive zone above the six-mo...

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