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EUR/USD is retracing previous losses after dropping to 1.1213 lows.A US court decision to block trade tariffs sent the US Dollar rallying during the Asian session. In Europe, weak macroeconomic data keeps acting as a headwind for the Euro recovery.EUR/USD is trading with moderate losses, around 1.1285 at the time of writing, after bouncing up from 1.1213 lows. A sentence by a US court ruling against trade tariffs rattled markets during the Asian session, sending the US Dollar (USD) to its highest levels in the last ten days.The three judges from the US Court of International Trade have voted unanimously against…
The outcome of Sunday’s presidential vote is more uncertain than investors had hoped.
When it comes to precious metal refining, our family-owned Manhattan business stands out. Led by three brothers, our refinery has a history of excellence and innovation that’s just as rich as gold. Learn more about our history, clientele, and community involvement to see why Manhattan Gold & Silver is the gold standard of precious metal refining. A Legacy of Excellence Manhattan Gold and Silver was founded in 1985 by our father who taught us the art of precious metal refining as well as everything it takes to run a successful small business. Over the years, we’ve honed our craft and…
This shift has resulted in the emergence of new roles, such as automation engineers and integrated remote operating centre controllers, highlighting the growing importance of technological expertise in mining operations. These developments underscore the industry’s increasing reliance on professionals skilled in emerging technologies.Data analysts help optimise operations through predictive modeling.Environmental scientists ensure responsible mining practices.Engineers design and implement the latest mining technologies.Regional Development and Community ImpactMany gold mining operations are based in regional Australia, offering job seekers an opportunity to make a meaningful impact on local communities. The industry provides infrastructure, employment, and economic benefits to towns and regions across…
Can You Time Month-End Forex Rebalancing Flows? Understanding FX Hedging and Dollar Demand Every month, as the calendar approaches its final days, professional forex traders and global asset managers pay close attention to potential month-end rebalancing flows. Driven largely by movements in equity market, especially U.S. stocks, these flows can influence currency markets in ways that create both opportunity and risk. But the key question remains: Can you actually time these month-end forex rebalancing flows? How Equity Performance Drives Forex Rebalancing When U.S. equities rise or fall during the month, institutional investors such as pension funds, sovereign wealth funds,…
“With each year I got angrier and angrier, so it was time to move on.”
Selling gold bullion in Australia demands strategic planning and informed decision-making to ensure maximum returns on your investment. As experts in precious metals, we understand the importance of navigating the selling process with confidence and clarity. In this comprehensive guide, we’ll provide you with essential insights and practical tips to streamline your selling experience and optimize your profits. 1. Choosing the Right Selling Method: Selling directly to reputable gold bullion dealers is often the most efficient and hassle-free approach. These dealers offer competitive prices based on the latest spot rates, ensuring fair compensation for your gold assets. By bypassing online…
Eur/Usd Parity Horizon As early as April, the avalanche of storm clouds began to appear on the Eur/Usd parity horizon. I wrote in previous articles that the energy crisis, out-of-control inflation, and fast-rising interest rates would propel the USD against the other majors. Still, the most significant damage was to the Eur/Usd pair. Ukraine Invasion Sadly, Putin’s Ukraine invasion directly affects the entire European continent. But unfortunately, the collateral damage is also worldwide. Uncertainty is a market killer; nothing will spook markets more than fear of the unknown. Couple that with some of the highest energy prices we have ever…
Giving money to new parents won’t fix the issue
This month, Bloomberg revealed that China’s Shanghai Gold Exchange (SGE) plans to open a new bullion vault in Hong Kong – a landmark expansion that goes far beyond just opening a new physical storage vault – but that represents a strategic move to enhance China’s gold trading infrastructure and strengthen the SGE’s role in global gold price discovery. Not forgetting that the SGE is a state-owned entity, established by and operating under the direct supervision of the China’s central bank, the People’s Bank of China (PBoC), the SGE’s three primary strategic roles are to develop the domestic Chinese gold market,…