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  • Article / 49 minutes ago

    Economics trumps politics in FX

    Head of Trading / The ECU Group plc
    United Kingdom
    Economics trumps politics in FX
    Today we look at the major events of the week, namely the Q2 GDP releases for the US and UK and the FOMC meeting, and share our expectations for the events and implications for currency markets.
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  • Editor’s Picks / 6 hours ago

    BP profit drops 64% as oil price slump takes its toll

    Bloomberg
    BP said Q2 profit tumbled 64% as crude prices slumped. Profit adjusted for one-time items and inventory changes dropped to $1.3 billion from $3.6 billion a year earlier, the London-based company said in a statement. That missed the $1.7 billion average estimate of 17 analysts surveyed by Bloomberg. CEO Bob Dudley is bracing Europe’s third-biggest oil producer for a longer period of low prices by slashing spending, reviewing projects and selling assets. Brent crude, a benchmark for more than half the world’s oil, has dropped about 50% in the past year. That’s eroded value and forced companies to reduce investment in high-cost projects. It has also put investors on guard for a steep decline in profitability. Royal Dutch Shell, Total, Exxon Mobil and Chevron are all scheduled to report second-quarter earnings this week. Lower prices are making it cheaper for refineries to buy their basic raw material - crude oil.
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  • Article / 6 hours ago

    Saxo Trade Navigator: Tuesday July 28

    Head of Macro Strategy / Saxo Bank
    Denmark
    Saxo Trade Navigator: Tuesday July 28
    July 28, 2015: The Saxo Trade Navigator provides you with daily technical insight into a wide array of major instruments, ranging from FX to equities, commodities and bonds. With a host of various technical indicators such as pivot points, RSI and moving averages, the Saxo Trade Navigator can be used to spot daily trade ideas.
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  • Squawk / 7 hours ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Gold Future ($GC_F) Bear Trend Poised to Re-Energize

    Despite the rebound effort, firm barriers remain intact and untested at 1105/1109 (as we expected), to leave the risks for a roll back lower on Tuesday to reinforce the Friday plunge.
    Moreover, the plunge lower last week and and previous July losses with violations of long term supports at 1111 and 1100 leaves risk to still further long term support targets into latter July/ early August.

    For Today:
    We see a downside bias for 1087; break here aims for key 1076/72.
    But above 1105/09 opens risk up to 1118, which we would look to cap.

    Short/ Intermediate-term Outlook - Downside Risks:
    We now see a more negative tone with the bearish threat through 1080.
    Below here targets 1045 and 1000.

    What Changes This? Above 1188 signals a neutral tone, only shifting positive above 1204.5.

    View the full Gold future report with screencasts, levels and more here http://ow.ly/Qa7Jn
    See all our other reports here http://ow.ly/Hjazo
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  • Squawk / 9 hours ago
    Technical Analsyt / commoditymarket2008 Advisory Services
    India
    SPOT GOLD HAS RESISTANCE 1098, HOLD ABOVE THEN 1104-1112 POSSIBLE & HAS SUPPORT 1090, HOLD BELOW THEN 1084-1076 POSSIBLE
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