Nigel Farage
The outspoken UKIP leader surprisingly announced his resignation on Monday. London - Nigel Farage on Monday announced his resignation from the leadership of the UK Independence Party (UKIP), saying he had done his part in the UK's referendum vote to leave the EU. Speaking in Westminster, Farage said the Brexit referendum...
Silver
A post-Brexit recovery across European markets stalled on Monday with major share indexes mixed while safe-haven demand for precious metals helped the price of silver surge to a near-two year high. Light trading volumes ahead of a public holiday in the United States is likely to keep markets choppy through...
Nigel Farage
The leader of Britain's anti ­European Union UK Independence Party (UKIP) Nigel Farage said on Monday he would stand down after having realised his ambition of winning last month's referendum in favour of Brexit. "I have never been, and I have never wanted to be, a career politician. My aim...
Forex Trader
Fed rate hike expectations may have eased following the shock Brexit vote but US non-farm payrolls will still be closely watched next week as it’s an important barometer for the US economy. Also to keep an eye on are central bank meetings in Australia and in Sweden. Fed speeches and...
DAX Board
European bourses were mixed on Monday, with the FTSE index boosted by gains in the mining sector, while falls for lenders weighed on the German and French indices. London - Stocks in Europe were mixed on Monday, with the London market adding slightly to strong gains booked last week, while...
Buy on dips around $1,340 with stop loss around $1,324 and take profit at $1,358 and $1,372. London - Gold faces strong resistance at $1,358, with bulls controlling the trading. Gold jumped to $1,357.50 on Friday and slightly declined from that level. The yellow metal was trading around $1,346 on Monday morning...
WTI OIL
Crude oil moved higher on Monday, adding to gains booked on Friday, waiting for more incentives as the trading volume will be thin thanks to the US holiday. London - Oil prices were in the green zone on Monday, following the Friday rally, with the volume expected to be low...
Australian Dollar
The Australian dollar erased overnight losses and was pushing higher during the EU session, boosted by positive sentiment. London - The AUD/USD pair was trading 0.25% stronger during the Frankfurt session and was seen around $0.7515, having jumped from daily lows around $0.7450 to erase all the day's losses. The aussie...
Chinese Stock Market
Asian shares shrugged off early losses and edged higher on Monday, while pressure on the Australian dollar eased after Moody's played down political uncertainties that could threaten the country's credit ratings after weekend elections. Activity across much of the region was subdued ahead of the U.S. Independence Day holiday, when...
Brexit
Law firm Mishcon de Reya said it had started legal action to demand the British government win legislative approval from Parliament before triggering a formal divorce from the European Union. Mishcon de Reya, a London-based law firm, said Britain would need an Act of Parliament - which would require approval...