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30 Aug 2016

Central bank purchases of gold dropped 40% on Q2 – WGC

As per the latest report from World Gold Council (WGC), central bank purchases of gold dropped 40% during the three months to June. It was the third-straight quarterly drop, the longest such streak in at least five years.

As per Bloomberg report, “central banks have been net buyers every year since halting the selloff in 2008, and as of June had the biggest hoard in almost 15 years”.

Aug 30, 2016

Japan’s Abe adviser calls for MOF to intervene in FX

Japanese PM Abe’s adviser Hamada is urging Ministry of Finance (MOF) to intervene in the FX markets says a Reuters report. Dollar-Yen pair flirted wi
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Aug 30, 2016

GBP/USD - bearish 1-hr 50-MA & 200-MA crossover

Hourly chart of GBP/USD pair once again shows a bearish 50-MA and 200-MA crossover, which suggests the falling tops formation post hawkish Yellen coul
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