R Ponmudi
R Ponmudi
Contact:rponmudi@fxempire.com

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    • gold

      Gold Daily Analysis – January 25, 2018

      Gold prices climbed sharply on Wednesday and continue to trade slightly higher on Thursday morning as the dollar weakens amid growing fears of a US-China trade war.The dollar came under heavy selling pressure, increasing demand for gold, after Treasury Secretary Steven Mnuchin commented that a weak dollar is good for the

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    • gold

      Gold Daily Analysis – January 18, 2018

      Gold prices remained close to four-month high on Wednesday but trade lower on Thursday morning as the precious metal seems to correct the uptrend move. Gold is trading at $1328, down 0.77%.Deutsche Bank commented to gold prices: “We expect gold will shrug off worries of fundamental downside amidst the unwind of accommodative

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    • gold

      Gold Daily Analysis – December 28, 2017

      Gold prices settled higher on Wednesday and continue to trade higher on Thursday morning for eight consecutive positive sessions as the dollar continues to weaken versus major currencies and commodities. Gold futures remained near four-week highs at $1295.50, +0.30%.According to the National Association of Realtors – pending home sales were

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    • crude oil

      WTI Crude Oil Daily Analysis – December 28, 2017

      WTI crude oil prices edged lower on Wednesday but trade higher on Thursday morning near the psycological level at $60 a barrel. On Tuesday, WTI crude oil was trading at $60 but did not break above this level.“The market continues to gravitate towards bullish news but today we are seeing a

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    • gold

      Gold Daily Analysis – December 21, 2017

      Gold prices settled higher on Wednesday and trade slightly lower on Thursday morning after the US Senate approved the tax bill which should pressure gold prices. Gold continues to trade in a tight range ahead of Christmas holiday.Goldman Sachs reported they expect gold to fall to $1,200 an ounce by mid-2018

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    • crude oil

      WTI Crude Oil Daily Analysis – December 21, 2017

      Crude oil prices edged higher on Wednesday and continue to trade near yearly high on Thursday morning weighed by the larger-than-expected drop in U.S. inventories and the disruption of the North Sea Forties pipeline system.On Wednesday, According to the Energy Information Administration – U.S. crude stocks fell by 6.5 million

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    • oil

      WTI Crude Oil Daily Analysis – December 20, 2017

      Crude oil prices edged higher on Tuesday and trade slightly higher on Wednesday morning as investors considered the outlook of Middle East supply disruptions amid rising geopolitical tensions in the region after reports suggested that a missile was fired at Riyadh from Yemen.The government-run Center for International Communication reported on

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    • Gold Daily Analysis – December 20, 2017

      Gold prices dipped lower on Tuesday but trade higher on Wednesday morning, weighed by the US tax reform and a weaker US dollar. Gold gained 0.36%, trading at $1268.70 as of 10:30 GMT.The U.S. Congress is expected to begin voting on Tuesday on a tax bill which proposes the biggest change

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    • Gold Bars

      Gold Daily Analysis – December 18, 2017

      Gold prices remained unchanged on Friday and continue to trade slightly higher on Monday morning. It seems that gold investors await tax reform approval following reports that Republicans secured enough votes for the bill passage. Gold is currently trading at $1259, +0.18%.CNBC, citing two sources, said Marco Rubio will support

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    • wti

      WTI Crude Oil Daily Analysis – December 18, 2017

      Crude oil prices edged higher on Friday and continue to trade higher on Monday morning on data that showed the number of oil rigs operating in the US for the week ending Dec. 15, dropped for the first time in six weeks.On the other side, The International Energy Agency (IEA) in

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    • gold

      Gold Daily Analysis – December 13, 2017

      Gold prices dipped lower on Tuesday, hit a five-month low on the dollar strength. The expected rate hikes in 2018 continue to pressure gold prices lower. Gold prices trade slightly higher on Wednesday morning but remain near yesterday’s low at $1243.The PPI index was released yesterday at 0.4%. In the

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    • crude oil

      WTI Crude Oil Daily Analysis – December 13, 2017

      WTI crude oil prices dipped lower on Tuesday and trade higher on Wednesday morning as investors respond to the Forties pipeline shutdown and bets for a big drop in US crude supplies.Andrew Gardner, chief executive of the Ineos Forties Pipeline System said: “We’re estimating just now between two and three

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    • gold

      Gold Daily Analysis – December 11, 2017

      Gold prices extended losses on Friday after the better than expected nonfarm payrolls and reports of a breakthrough in Brexit talks. Risk of sentiment continued to support the dollar strength which led to the safe-havens’ largest weekly drop since May. Gold is trading slightly higher on Monday morning but remains

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    • oil

      WTI Crude Oil Daily Analysis – December 11, 2017

      Oil prices edged higher on Friday but dropped on Monday morning as investors react to the latest rise in the U.S. rig count which indicated to a further rise in U.S. production.Shane Chanel, equities and derivatives adviser at ASR Wealth Advisers said: “The largest concern for investors currently remains the

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    • gold

      Gold Daily Analysis – December 7, 2017

      Gold prices dipped lower on Wednesday to hit six-week low and continue to trade lower on Thursday morning as the dollar continued its strength. Gold is trading at $1259.50, down -0.48% as of 9:30 GMT.According to reports – the GOP leadership in the House and Senate want to pass a bill

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    • crude oil

      WTI Crude Oil Daily Analysis – December 7, 2017

      Crude oil prices dropped sharply on Wednesday and trade higher on Thursday morning as investors respond to the Energy Information Agency (EIA) inventory report data. The report revealed that crude stockpiles dropped for the third straight week, whereas inventories of both gasoline and distillates rose more than expected.Crude Inventories of U.S.

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    • Gold Daily Analysis – December 5, 2017

      Gold prices dipped lower on Monday and remained unchanged on Tuesday morning. The dollar moved higher at the beginning of the week after the U.S. Senate approved the tax bill that is focused on the U.S. tax system and might increase economic growth. Gold is trading at $1277, -0.03%.The Senate and the

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    • WTI Crude Oil Daily Analysis – December 5, 2017

      Oil prices dipped lower on Monday and continue to trade lower on Tuesday morning as traders take profit back of the recent rally as their focus shifts to the U.S crude output.According to an EIA report last week, U.S. output rose in September to 9.5 million barrels per day (bpd),

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    • gold

      Gold Daily Analysis – December 4, 2017

      Gold prices settled higher on Friday but trade lower on Monday morning despite the tax reform plan uncertainty and geopolitical risks. Gold is trading at $1277, down -0.38% as of 9:00 GMT.According to ABC News, Michael Flynn will testify that President Donald Trump directed him to make contact with Russians when

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    • WTI Crude Oil Daily Analysis – December 4, 2017

      Crude oil prices edged higher on Friday but trade lower on Monday morning as traders are optimistic on the decision from major oil producers to extend cuts by nine months through 2018. WTI crude oil is trading at $57.80, down 0.94% as of 8:00 GMT.OPEC and non-OPEC producers met on Thursday

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    SymbolLast PriceChange
    EURUSD
    EUR/USD
    1.1719
    +0.0067
    +0.57%
    GBPUSD
    GBP/USD
    1.3133
    +0.0113
    +0.87%
    XAUUSD
    Gold
    1231.8
    +8.6600
    +0.71%
    CL
    Crude Oil
    68.115
    +0.0050
    +0.01%
    SPX
    S&P 500
    2803.0
    -3.2500
    -0.12%
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    DAX 30
    12532.2
    -118.25
    -0.93%
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