Tag Archives: Fawad Razaqzada

Silver unable to shine despite raised Grexit fears

Fawad Razaqzada

Though precious metals have bounced off their session lows, they are generally continuing to struggle for form despite the increased uncertainty about Greece. Gold is now down for the fifth consecutive day and although silver has managed to buck the trend from time to time, it too is a touch lower today and also on the week. Investors are hoping that an eleventh-hour deal for Greece will be struck today, which is part of the reason why European stocks are clinging on to their gains. more…

GBP/USD Testing Key Resistance Ahead Of US Data

Farad Razaqzada

The GBP/USD is up for a third consecutive session, extending its gains from the base of 1.5170 formed on June 1. The upsurge has been primarily driven by a weaker US dollar rather than a stronger pound, with the dollar index now down for a third straight day. But the pound has also gained some ground on the back of some mixed bag UK economic data of late. Today‚Äôs numbers showed manufacturing production unexpectedly fell 0.4% in April, wiping out the March increase, while industrial production was up 0.4% over the month when an increase of only 0.1% was expected. more…