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Gold rejects 1190 handle, no yields - no buyers Jose Ricaurte Jaen

19:46 11 January /2017 Forex

After a boring presser, Gold breaks down towards the 1180/70 range as bulls couldn't figure any valuable hints to add long positions during Trump's neutral broadcast. No Yields; Gold bulls missed in actionNenad Kerkez, Analyst and Full-Time Trader at Admiral Markets, shared his views on why Gold may continue under pressure, "As the US Fed normalize rates this year, it is likely to steer Investors away from speculative investments like Gold to Fixed Income as it offers a yield.  I expect further weakness in Gold in the coming year, however, should we experience unexpected rapid inflation, then I can see Investors flocking to Gold in such an environment."Gold Technical LevelsTo the upside, the metal failed to conquer on the 1190 handle, which becomes immediate resistance in the short-term. To the downside, 1170/60 level seemed of interest to buyers during previous trading sessions. goldAUD/USD soars: bulls trying to dig heels on to the 0.74 handle during Trump presser

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AUD/JPY risk limited near 100-SMA; risk-on towards 90.00 Jose Ricaurte Jaen

As the NA session ends, AUD/JPY traded at 86.82, up +0.95% on the day, having posted a daily high at 87.07 and low at 85.94. The currency cross continues a 2-day winning streak as investors and traders await Trump's inauguration ceremony to cheer o

02:23 20 January /2017 Forex

AUD/USD consolidated awaiting Trump's inauguration Ross J Burland

Currently, AUD/USD is trading at 0.7558, down -0.02% on the day, having posted a daily high at 0.7566 and low at 0.7556.AUD/USD has been consolidating on the 0.75 handle with some two-way business ahead of Trump's inauguration tonight  while the US

02:23 20 January /2017 Forex

Markey wrap: markets are awaiting Trump’s inauguration and speech - Westpac Ross J Burland

Analysts at Westpac offered a market wrap.Key Quotes:"Global Market Sentiment: Markets are awaiting Trump’s inauguration and speech. USD and US yields display solid support after Philly Fed’s business survey affirmed the broad strength in yesterday’s Fed’s Beige Book. Draghi stated

01:23 20 January /2017 Forex