18Oct

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices were largely unchanged on Wednesday, as investors looked ahead to minutes from the Federal Reserve’s latest policy meeting for fresh clues into the outlook for monetary policy in the months ahead. Comex gold futures were up 50 cents, or less than 0.1%, at $1,231.30 a troy ounce by 9:05 AM ET (1305GMT), holding within sight of a two-and-a-half-month high of $1,236.90 hit on Monday.
  • Statements by the United States that it would reduce Iran’s oil exports to zero are a “political bluff”, the head of staterun National Iranian Oil Company (NIOC) said, according to a report published by Tasnim news agency on Wednesday. Iran’s Foreign Ministry also criticized U.S. sanctions imposed on Tuesday on several Iranian banks and other companies, saying they were part of Washington’s psychological war, state-run IRNA news agency reported.
  • U.S. crude oil inventories rose more than expected last week, the Energy Information Administration said in its weekly report on Wednesday. The EIA data showed that crude oil inventories rose by 6.5 million barrels in the week to October 12. That was compared to forecasts for a stockpile build of 1.6 million barrels, after a build of almost 6 million barrels in the previous week.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The U.S. Treasury Department is poised to release its much-awaited foreign-exchange policy report to Congress on Wednesday afternoon, according to an administration official. The semi-annual review of currency regimes of the U.S.’s 12 major trade partners and Switzerland will be released on Treasury’s website late in the day in Washington, the official said, declining to provide timing. The person spoke on the condition of anonymity.
  • German Chancellor Angela Merkel said there was still a chance of concluding an agreement for an orderly exit for Britain from the European Union, but Berlin was preparing for all options, including the possibility of a no-deal departure. Addressing the German parliament ahead of a Wednesday evening European summit on issues including Brexit, Merkel said agreement had yet to be reached on arrangements for the border between the north and south of Ireland.
  • The EU’s Trade Commissioner said on Wednesday that the bloc was open to talks with the United States on industrial goods tariffs but that Washington had not yet shown any serious interest. Commissioner Cecilia Malmstrom said she welcomed U.S. Trade Representative’s office statement on Tuesday that Washington intends to open trade talks with the European Union and the United Kingdom.

COMEX GOLD SIGNAL

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17Oct

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • The United States still aims to cut Iran’s oil sales to zero and does not expect restored oil sanctions against Tehran to have a negative impact on a market that is well-supplied and balanced, a senior U.S. official said on Monday. U.S. special envoy for Iran Brian Hook was talking to reporters after a visit to India, a major importer of Iranian oil, and talks with officials from France, Britain and Germany before the start of a new round of U.S. sanctions on Nov. 4 targeting Iran’s energy sector and financial transactions.
  • Oil prices steadied on Monday as tension over the disappearance of a prominent Saudi journalist stoked supply worries, balancing concerns over the long-term demand outlook. Benchmark Brent crude oil jumped by $1.49 a barrel to a high of $81.92 before giving up its gains to trade around $80.38, down 5 cents, by 1345 GMT. U.S. crude was down 5 cents at $71.29.
  • Gold prices surged around 1% on Monday to reach the highest level in three months as a combination of concerns over rising U.S. yields and the impact of trade conflict, along with geopolitical risks and a weaker dollar, underpinned demand for the precious metal. December gold futures were up $13.00 or 1.06% to $1,234.90 by 08:36 AM ET (12:36 GMT) on the Comex division of the New York Mercantile Exchange after rising as high as $1,236.90 earlier, the most since mid-July.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • When people over the age of 50 get divorced, retirement accounts become a key asset, even more so sometimes than the house or alimony. Lawyers and feuding couples are bracing for big changes at the end of 2018 for how these assets get split up. While most of the tax law changes that were signed at the end of 2017 are in effect for the current tax year, the divorce disruption does not kick in until Jan. 1, 2019.
  • North and South Korea agreed on Monday to begin reconnecting rail and road links, another step in an improving relationship that has raised U.S. concern about the possible undermining of its bid to press the North to give up its nuclear program. The agreement on transport links came during talks in the border village of Panmunjom aimed at following up on the third summit this year between South Korea’s President Moon Jae-in and North Korean leader Kim Jong Un, last month.
  • Labor unrest is on the rise at two centers in India where motorcycles and components are manufactured, underlining the problems Prime Minister Narendra Modi’s government faces in creating new manufacturing jobs that are sustainable and pay attractive wages. Motorbike makers, such as Japan’s Yamaha (T:7272), and India’s Eicher Motors(NS:EICH) – maker of the iconic Royal Enfield motorcycles – have been hit hard by walkouts, although major carmakers have been largely unscathed.

GOLD TRADING FORECAST TODAY

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16Oct

Singapore Stocks Watch: STI resumes Tuesday evening exchanging lower at 3,037.42, down 0.3% on day

Singapore Stocks Watch-
SINGAPORE stocks continued evening exchanging a negative area on Tuesday, with the Straits Times Index falling 8.55, or 0.3 percent to 3,037.42 as at 1.04pm.

Gainers dwarfed washouts 152 to 142, after around 862.2 million offers worth S$440.4 million changed hands.

The most effectively exchanged counter was Allied Technology, which rose 5.3 percent, or 0.1 Singapore penny to two Singapore pennies each, with 56.8 million offers exchanged.

Other dynamic list stocks included DBS which fell just about 1 percent to S$24.24, and OCBC which lost 0.6 percent to S$10.60.

To get more updates on Singapore Stocks Watch and best Singapore Stocks Tips, Click here SGX Stock Tips

Singapore Stocks Watch: TEE International, Asian Healthcare Specialists, 8Telecom, HMI, C&G

THE accompanying organizations saw new advancements which may influence exchanging of their offers on Tuesday:

TEE International: TEE International has secured building contracts worth about S$58 million that brings its exceptional request book to about S$304 million, the designing, foundation and land assemble said on Tuesday morning in a Singapore Exchange declaration.

Asian Healthcare Specialists: Orthopedic administrations supplier Asian Healthcare Specialists (AHS) declared on Monday night that it has entered an into speculation concurrence with Vanda 1 Investments, or, in other words controlled by Temasek Holdings unit Heliconia Capital Management.

8Telecom International: 8Telecom went into a concurrence with Tai Yang Technology on Monday after the market shut to formally end a prior membership understanding reported on June 25, under which 5.6 million new conventional offers in the organization would have been issued to Tai Yang for a total thought of S$576,800.

ST Engineering: ST Engineering declared on Monday that for the second from last quarter of 2018, its aviation part anchored new contracts worth about S$590 million, for administrations extending from airframe, motor and segment support to motor wash

Propelled Holdings: Advanced Holdings has asked for an exchanging end before business sectors opened on Tuesday morning, pending a declaration. It has proposed to obtain Agricore Global by means of a turn around takeover, and in its keep going declaration on the securing plans, stretched out the long stop date to Oct 12.

16Oct

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • The United States still aims to cut Iran’s oil sales to zero and does not expect restored oil sanctions against Tehran to have a negative impact on a market that is well-supplied and balanced, a senior U.S. official said on Monday. U.S. special envoy for Iran Brian Hook was talking to reporters after a visit to India, a major importer of Iranian oil, and talks with officials from France, Britain and Germany before the start of a new round of U.S. sanctions on Nov. 4 targeting Iran’s energy sector and financial transactions.
  • Oil prices steadied on Monday as tension over the disappearance of a prominent Saudi journalist stoked supply worries, balancing concerns over the long-term demand outlook. Benchmark Brent crude oil jumped by $1.49 a barrel to a high of $81.92 before giving up its gains to trade around $80.38, down 5 cents, by 1345 GMT. U.S. crude was down 5 cents at $71.29.
  • Gold prices surged around 1% on Monday to reach the highest level in three months as a combination of concerns over rising U.S. yields and the impact of trade conflict, along with geopolitical risks and a weaker dollar, underpinned demand for the precious metal. December gold futures were up $13.00 or 1.06% to $1,234.90 by 08:36 AM ET (12:36 GMT) on the Comex division of the New York Mercantile Exchange after rising as high as $1,236.90 earlier, the most since mid-July.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • When people over the age of 50 get divorced, retirement accounts become a key asset, even more so sometimes than the house or alimony. Lawyers and feuding couples are bracing for big changes at the end of 2018 for how these assets get split up. While most of the tax law changes that were signed at the end of 2017 are in effect for the current tax year, the divorce disruption does not kick in until Jan. 1, 2019.
  • North and South Korea agreed on Monday to begin reconnecting rail and road links, another step in an improving relationship that has raised U.S. concern about the possible undermining of its bid to press the North to give up its nuclear program. The agreement on transport links came during talks in the border village of Panmunjom aimed at following up on the third summit this year between South Korea’s President Moon Jae-in and North Korean leader Kim Jong Un, last month.
  • Labor unrest is on the rise at two centers in India where motorcycles and components are manufactured, underlining the problems Prime Minister Narendra Modi’s government faces in creating new manufacturing jobs that are sustainable and pay attractive wages. Motorbike makers, such as Japan’s Yamaha (T:7272), and India’s Eicher Motors(NS:EICH) – maker of the iconic Royal Enfield motorcycles – have been hit hard by walkouts, although major carmakers have been largely unscathed.

COMEX GOLD SIGNAL

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15Oct

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold eased Friday on light profit-taking, a day after achieving its biggest one-day rally in two years. But support remained solid above the $1,200 level from safe-haven demand triggered by the recent weakness on Wall Street and spike in Treasury yields. “My 35 years on the floor have seen all this before,” George Gero, analyst at the RBC Wealth Management in New York, said, referring to gold’s ability to stay above the $1,200 level despite a series of rate hikes planned by the U.S. Federal Reserve.
  • The winter heating season officially began this month, with U.S. supplies of natural gas roughly 17% below the five-year average for this time of year—sending prices for the commodity to their highest levels since January. That could presage elevated, volatile prices as temperatures begin to fall. Domestic natural-gas supplies in storage stood at 2.956 trillion cubic feet for the week ended Oct. 5, according to the U.S. Energy Information Administration.
  • Oil prices rebounded Friday from the previous day’s rout, but still logged their biggest weekly loss since the second quarter after data showed U.S. drillers ramping up output, even as a second global energy agency said the market was adequately supplied. A weekly reading on the U.S. oil rig count rose by eight, the first such climb in four weeks, which signaled the U.S. shale crude industry was intensifying drilling with prices near four-year highs.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Italian officials must stop questioning the euro and need to “calm down” in their budget debate as they have already caused damage to firms and households, European Central Bank ECB President Mario Draghi said on Saturday. Italy’s government has been locked in a war of words with European officials over Rome’s plans to triple the deficit next year, backtracking on a previous pledge to narrow the budget gap in one of the bloc’s most indebted countries.
  • The International Monetary Fund said on Saturday its members pledged to refrain from competitive currency devaluations and step up dialogue on trade, as escalating trade frictions and higher borrowing costs threatened to knock global growth. The agreement came as U.S. Treasury Secretary Steve Mnuchin reiterated his concern over the yuan’s weakening against the dollar – a drop that Washington suspects may be aimed at giving Chinese exports a trade advantage and offsetting U.S. tariffs.
  • Japan wants to highlight global imbalances as key topics of debate, and take steps to fix them, when it chairs next year’s gatherings of the Group of 20 major economies, government officials said this week. Tokyo hopes other countries would join Japan to counter U.S. President Donald Trump’s focus on narrowing U.S. trade deficits through purely bilateral trade deals, the officials say, rather than the big international agreements now in place.

15oct5

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12Oct

2019 may well be retail REITs’ time to shine, says DBS,

Retail REITs have an opportunity to shine next year, says DBS cluster analysis, given systematically robusttake-up rates for coming retail areas this year that ar a mirrored image of healthy demand within the retail arena.

Ahead of its gap, Changi airdrome cluster proclaimed Jewel has achieved committed occupancies for pretty much ninetieth of its retail house supported NLA of 575,900 sf.

“With commitment for Jewel currently about to ninetieth, we have a tendency to believe that capitalistconsiderations over potential oversupply problems – the most drag on the retail sector’s lacklustre performance this year, in our opinion – ought to begin to dissipate,” says lead analyst Carmen Tai in an exceedingly weekday report.

Jewel can feature over 280 outlets and eateries, which can wrap the mall’s Forest vale and Rain Vortex, permitting shoppers to traverse seamlessly between nature and retail.

Six of ten brands are going to be new Changi airdrome and F&B operators can represent over half-hour of Jewel’s retail combine as well as new market ideas like Shake Shack, Pokemon Centre Singapore and A&W likewise as native brands like VioletOon’s, Tiger brew and Naiise.

Tay says near-term disruptions ar probably to be seen to existing malls within the east (Tampines Mall, 11.6% of Capitaland Mall Trust prime line) and Changi town purpose (13.5% of Frasers Centrepoint Trust prime line) and even to as so much as VivoCity (55% of Mapletree business Trust revenues) as shopper travel patterns and retail spent could be pleased to the newer malls because of “novelty effect” with the gap of Jewel in early 2019.

However, Tai doesn’t expect these disruptions to be structural in nature and “travel patterns ought to cometo normalcy within the medium term because the result runs out”.

Furthermore, with many retail REITs getting down to see positive reversions within the recent quarter, she believes the worst for the world is sort of over.

“Given restricted new offer, and as vacancy risks still contract, we have a tendency to believe that 2019 may well be the sector’s time to shine,” says Tay.

12Oct

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices rose more than 1% on Thursday, regaining the psychologically important $1,200 level as a rout in global stock markets spurred by fears over rising bond yields, slowing global growth and trade tensions bolstered safe haven demand. December gold futures were up $13.90 or 1.16% to $1,207.30 by 07:45 AM ET (11:45 GMT) on the Comex division of the New York Mercantile Exchange.
  • OPEC sees the oil market as well supplied and is wary of creating a glut next year, the group’s secretary-general said on Thursday, suggesting producers are in no rush to expand a June agreement that raises output. Oil prices have rallied this year on expectations that U.S. sanctions on Iran will strain supplies by lowering shipments from OPEC’s third largest oil producer.
  • Chinese oil buyers are making a beeline for a bargain across the Pacific. With Canadian oil over 60 percent cheaper than U.S. benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy and sludgy crude. That’s because, apart from being a source of fuel, it’s also rich in bitumen — a black residue used to build everything from roads to runways and roofs.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • U.S. President Donald Trump launched a second day of criticism against the Federal Reserve on Thursday, calling its interest rate increases a “ridiculous” policy that was making it more expensive for his administration to finance its escalating deficits. “I’m paying interest at a high rate because of our Fed. And I’d like our Fed not to be so aggressive because I think they’re making a big mistake,” Trump said in a Thursday morning interview on Fox & Friends.
  • White House economic adviser Larry Kudlow said in an interview with CNBC on Thursday that the Federal Reserve remained independent and U.S. President Donald Trump is not dictating policy to the Fed. His remarks came hours after Trump criticized the Fed for raising interest rates too quickly, in his second attack against the central bank in the past 24 hours.
  • China drew over $17 billion in orders for a sovereign dollar bond sale of $3 billion on Thursday against a backdrop of a global market sell-off and trade war with the United States. The $3 billion deal is only the third U.S.-dollar denominated issuance by China in the last 14 years. It returned to global markets in October last year for the first time since 2004. China is selling five-year, 10-year and 30-year bonds at 30-35, 45-50, 70-75 basis points (bps) over U.S. Treasuries, respectively, according to a term sheet seen by Reuters.

COMEX GOLD SIGNAL

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11Oct

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices were largely unchanged on Wednesday, as investors grappled with rising U.S. interest rates, although the metal drew some support from the dollar coming off a seven-week high. Comex gold futures were down 20 cents at $1,191.30 a troy ounce by 10:28AM ET. Meanwhile, spot gold was trading at $1,188.35 per ounce, down $1.50, or 0.1%. Yields on the benchmark 10-year Treasury bond rose to around 3.23%, after reaching a seven-year top of 3.261% a day earlier.
  • Crude prices edged lower on Wednesday, as investors watched Hurricane Michael, which has intensified to Category 4 storm and was barreling down on Florida. Some of the storm’s most significant early impact was to offshore energy production. U.S. producers in the Gulf cut oil production by about 40%, the Bureau of Safety and Environmental Enforcement said, as they evacuated personnel from 75 platforms in the region.
  • The world’s biggest trading houses said on Wednesday they saw oil prices not falling below $65 per barrel and possibly breaking above $100 next year as U.S. sanctions on Iran reduce crude exports from the Islamic republic. The range of views illustrates deep uncertainty among top industry players over the outlook, given the reimposition of sanctions on Iran and forecasts of slowing economies and energy demand in 2019, potentially leading to choppy trading.

ECONOMY NEWS

ECONOMY NEWS

  • The European Union should change its budget rules to make them more effective in bringing down public debts, EU fiscal advisers said in a report on Wednesday, urging the bloc to scrap deficit targets for countries where debt is falling. The publication of the report coincides with a row between Italy and Brussels over the country’s 2019 budget, in which the eurosceptic Italian government plans to flout EU fiscal rules to fulfill electoral promises of government largesse.
  • Despite thousands of jobs set to move to the continent due to Brexit, Britain’s financial services minister said on Wednesday he would do all he can to ensure the City of London remains a major financial center. John Glen told lawmakers that he agreed with Bank of England estimates that 5,000 financial services jobs will have moved to continental Europe by the time Britain is due to leave the European Union next March.
  • Sears Holdings Corp (O:SHLD) is preparing to file for Chapter 11 bankruptcy protection as early as Friday, sources said on Wednesday, casting doubt over the future of what was once the world’s largest retailer. Negotiations between Sears Chief Executive Officer Eddie Lampert and the company’s special board committee are at a standstill over the committee’s refusal to approve Lampert’s rescue plan, the sources said. The committee is concerned it will be opening the company up to litigation, one source said. Sears shares were down 27 percent at 43 cents. The stock, which traded above $100 a decade ago, has fallen to less than $1 in the past year.

11oct5

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10Oct

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices moved higher on Tuesday, pulling away from one-week lows as rising U.S. bond yields and concerns over the outlook for global growth soured market sentiment. December gold futures were up $3.20 or 0.27% to $1,191.8 by 10:30 AM ET (14:31 GMT) on the Comex division of the New York Mercantile Exchange. Prices settled at $1,184.40 on Monday, the lowest close since Sept. 28.
  • Crude prices nudged higher on Tuesday after companies operating in the Gulf of Mexico shut down nearly 20% of oil production as Hurricane Michael moved towards eastern Gulf states, including Florida. As Michael moved over open water, energy companies halted nearly one-fifth of Gulf of Mexico oil production and evacuated personnel from 10 platforms on Monday.
  • Energy companies are betting demand for natural gas will rise at break-neck pace for decades, undermining warnings that tackling climate change would require a rapid switch to renewable energy. Top oil companies including Royal Dutch Shell (AS:RDSa), BP (L:BP) and Total(PA:TOTF) are adapting with growing urgency to the need to develop cleaner energy sources, investing more and more in solar and wind power, electric vehicle technology and even forestation.c

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Economic policymakers gathering in Indonesia for this week’s annual meetings of the International Monetary Fund and World Bank should highlight risks to the global economy posed by rising protectionism, the host nation’s finance minister said. The prospect of a further escalation in the trade war between the United States and China – the world’s two largest economies – will haunt finance ministers, central bankers and economists flocking to the resort island of Bali to attend the meetings, which begin on Thursday.
  • The recent jump in U.S. bond yields suggests there is uncertainty among investors over future economic growth prospects, Federal Reserve Bank of Dallas President Robert Kaplan said on Tuesday. The 10-year Treasury yield, which reached a fresh multi-year high on Tuesday, is “telling me that prospects for future U.S. growth are somewhat sluggish (and) that outward growth is looking a little more uncertain,” he said at the Economic Club of New York.
  • Turkey’s private sector has agreed to cut prices on its goods by at least 10 percent across the board, Finance Minister Berat Albayrak said on Tuesday, as he called on businesses to join a national struggle to tame soaring inflation. Berat Albayrak, President Tayyip Erdogan’s son-in-law, rolled out the measures as part of a “fully fledged fight” against inflation. The announcement appeared to leave financial markets cold, however. The lira weakened slightly as he spoke in Istanbul and was at 6.1484 at 1157 GMT, a touch weaker on the day.

COMEX GOLD SIGNAL

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10Oct
Trading and investing financial symbol with a two icons representing the bear and bull markets with a wire frame chart and ticker investing graph on a black background.

Epic Research| Forex Report

INTERNATIONAL CURRENCY BUZZ

Forex – Dollar Edges Higher, Yen Steady in Cautious Trade
Forex – Euro Hits 7-Week Lows as Italy Worries, Strong Dollar Weigh
Forex – GBP/USD bounces off lows, recovers farther beyond mid-1.3000s

EUR/USD

The euro extended early losses on Tuesday, falling to fresh seven-week lows as concerns over Italy’s fiscal outlook and a broadly stronger dollar weighed. EUR/USD was down 0.41% to 1.1444 by 07:16 AM ET (11:16 AM GMT), the weakest level since August 20. The single currency was pressured lower amid an ongoing row between Italy’s populist government and the European Commission over the country’s budget plans. Brussels and Rome have been at odds over the country’s budget deficit plans for the next three years, which breach EC rules on running excessive deficits and high debt. The row has seen Italian bond yields rise amid fears that the decision to increase borrowing will prove unsustainable given the country’s debt load. But the leaders of Italy’s two ruling parties have insisted they will not backtrack on their spending plans for next year.

GBP/USD

The GBP/USD pair maintained its offered tone, for the second consecutive session, albeit has managed to recover around 30-pips from daily lows. The pair once again managed to find some support ahead of the 1.3030-25 support area and was being supported by a modest US Dollar pull-back from seven-week tops. After refreshing fresh multi-year tops earlier today, the US Treasury bond yields started retreating and prompted some USD profit-taking, which was eventually seen lending some support. The uptick, however, lacked any strong conviction/follow-through and continues to be weighed down by Conservative MP Steve Baker’s comments that the UK should not be afraid to move forward with ‘no-deal‘. Currently hovering around mid1.3000s, within striking distance of session lows, market participants now look forward to the Brexit secretary Dominic Raab’s update on the state of the Brexit negotiations for fresh impetus.

10 fx

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