Silver 1 OZ 999 NY (XAG=X) Prices Sink as US Market sees Recovery

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Silver 1 OZ 999 NY (XAG=X) Prices Sink as US Market sees Recovery July silver futures prices closed near the session low and hit a 5.5-month low today. The silver bears have the solid overall near-term technical advantage and gained fresh power today. A three-month-old downtrend is in place on the daily bar chart. Silver bulls' next upside price breakout...

Australian Dollar: USD/AUD (AUD=X) rise in the unemployment rate in April and China dashing hopes the trade spat would be ended soon

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Australian Dollar: USD/AUD (AUD=X) rise in the unemployment rate in April and China dashing hopes the trade spat would be ended soon Australia’s dollar jumped at the market open after the nation’s center-right government clung to power in a surprise election victory at the weekend. The Aussie was indicated 0.8 percent stronger in early trading at 69.26 U.S. cents after last week sinking...

Canadian Dollar: USD/CAD (CAD=X) mixed forces pulling it to all directions

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Canadian Dollar: USD/CAD (CAD=X) mixed forces pulling it to all directions Bank of America Merrill Lynch Global Research discusses USD/CAD outlook and maintains a bullish bias, on the back of unsustainable Fed vs. BoC policy pricing and bullish seasonals. “Since early last year, there have been two prior instances of relative Fed vs. BoC pricing declining below -20bp as now: May 29,...

British Pound: USD/GBP (GBP=X) oversold marginally likely to continue

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British Pound: USD/GBP (GBP=X) oversold marginally likely to continue The Pound-to-Dollar exchange rate is trading at 1.2714 at the start of the new trading week after collapsing over 2.2% in the week before. The decline came as a result of the collapse of cross-party Brexit talks which had promised to deliver a possible softer ‘customs-union’ Brexit but failed, while markets are...

Euro: USD/EUR (EUR=X) busy week ahead

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Euro: USD/EUR (EUR=X) busy week ahead It’s a particularly busy week ahead. Germany wholesale inflation and Eurozone consumer confidence numbers are due out in the early part of the week. Expect the EUR to be particularly sensitive to consumer confidence numbers. A data deluge on Thursday will be key in the week. Finalized German GDP numbers, prelim May private-sector PMI numbers and...

Australia: S&P/ASX 200 (.AXJO) Banking sector continues to weaken as New Zealand bites ANZ

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Australia: S&P/ASX 200 (.AXJO) Banking sector continues to weaken as New Zealand bites ANZ One was a continued weakness in the banking sector, particularly after the Reserve Bank of New Zealand (RBNZ) came down particularly hard on ANZ (ASX: ANZ) for not complying correctly with reserve capital requirements. Under the New Zealand – and Australian – system, the big banks are...

Gold 1 OZ (XAU=X) break through $1,280 brings $1,240 -$1,220 into play

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Gold 1 OZ (XAU=X) break through $1,280 brings $1,240 -$1,220 into play After Monday’s short-covering rally, which caught many off guard, gold reached resistance and has been coming down ever since. Once again, gold is getting close to a decision point and a break through $1,280 brings $1,240 -$1,220 into play. The current direction in metals is down and nothing will...

Box Office: ‘John Wick’ Takes the Weekend with $57-M Opening

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$DIS, $MGM, $LGF, $CMCSA, After 3 weekends at the Top of the domestic box office, Avengers: Endgame's reign has come to an end, thanks to John Wick, a retired hit man. Lionsgate's (NYSE:LGF) John Wick: Chapter Three — Parabellum had a huge debut weekend, earning $57.2-M stateside in 3,850 theaters, beating out Endgame's $29.4-M domestic take. Parabellum's larger-than-anticipated bow outperformed the...

Spend a Weekend in Sicily

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Sicily the ideal destination for intrepid travelers seeking to experience the kind of place thought to no longer exist. Fly into Palermo's Falcone Borsellino makes the most sense for a weekend as you could easily devote all 3 days to the island's capital city. Once you have landed, forego the taxis in the Arrivals area and get on the Trinacria Express...

Kubrick’s Newly Restored ‘The Shining’ Debuts at Cannes Film Festival

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$TWX, $NFLX Alfonso Cuaron has introduced a restoration of Stanley Kubrick's "The Shining" at the Cannes Film Festival. The Mexican filmmaker was notably absent from Cannes last year when his "Roma" was expected to premiere here. But when Netflix (NASDAQ:NFLX) and the festival could not agree on distribution terms for the streaming giant's films, "Roma" instead headed to the Venice...