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Sterling steadied above the 1.2700 handles and was on poised for its first weekly gain in five, as investors appeared more confident that Britain can avoid a no-deal Brexit, ahead of the leadership contest to take over from Theresa May as prime minister and Conservative party leader. The major traded 0.2 per cent up at 1.2716, having hit a high of 1.2743 on Wednesday; it’s highest since May 27. Hourly Sterling Strength Index stood at 126.15 (Highly Bullish) 1000 GMT. Immediate resistance is located at 1.2747 (May 27 High), a break above could take it near 1.2798 (May 17 High). On the downside, support is seen at 1.2647 (May 24 Low), a break below targets 1.2580 (May 30 Low). Against the euro, the pound was trading 0.2 per cent up at 88.62 pence, having hit a low of 89.02 on Tuesday, it’s lowest since Jan. 15. Media Round Ups 07-June-2019 19:49:31 #atiroxltd #atiroxhedgingstrategy #atiroxforexblog #supertraderfx #ibatiroxltd #mibatirox #mibatiroxcontinental #investmentmalaysia #pammaccount #pamminvestment #pammforex #pamm https://www.instagram.com/p/Byau4gdjMit/?igshid=1pam8lh0iro2i

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Silver trades in narrow range, U.S. NFP job data in focus  XAG/USD is currently trading around $14.85 marks.   It made intraday high at $14.88 and low at $14.83 levels.   Intraday bias remains neutral till the time pair holds key resistance at $14.87 mark.   A daily close above $14.87 will test key resistances at $14.94, $15.02, $15.08, $15.22 and $15.40 marks respectively.   On the other side, a daily close below $14.87 will take the parity down towards key supports at $14.78, $14.62, $14.55, 44.40, $14.27, $14.22, $14.12 and $13.98 marks respectively.   Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. We prefer to take long position on XAG/USD only above $14.89, stop loss at $14.70 and target of $15.02/$15.08/$15.22. STechnicals 07-June-2019 15:10:28 #atiroxltd #atioxforexblog #atiroxhedgingstrategy #ibatiroxltd #mibatirox #mibatiroxcontinental #supertraderfx #pammforex #pammaccount #pamminvestment #pamm https://www.instagram.com/p/ByZpLkSDf1F/?igshid=1vvb48ohb40oc

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Asian markets in green, Gold hovers around $1,330 Mark  All the major Asian indices were trading on a higher note on Friday. Gold was trading around $1,332 mark while silver was trading around $14.86 mark. Japan’s Nikkei was trading 0.55 pct higher at 20,889.49 points. Australia’s S&P/ASX200 was trading 0.70 pct higher at 6,427.55 points. South Korea’s Kospi was trading 0.15 percent higher at 2,072.58 points. India’s NSE was trading 0.15 pct lower at 11,861.55 points and BSE Sensex was trading 0.13 pct higher at 39,581.79 points. China, Hong Kong as well as Taiwan banks will remain close. Commentary 07-June-2019 13:09:51 #atiroxltd #atioxforexblog #atiroxhedgingstrategy #supertraderfx #ibatiroxltd #mibatirox #mibatiroxcontinental #pammforex #pammaccount #pamminvestment #pamm https://www.instagram.com/p/ByZf_gkD4gv/?igshid=nwy5nxxt0p27

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UK Gilts gain despite better-than-expected May services pmi; BOE Gov carney’s speech eyed  The United Kingdom’s gilts gained during European session Wednesday despite a better-than-expected result in the country’s services PMI for the month of May, released, early today. Investors remain keen to watch the Bank of England (BoE) Governor Mark Carney’s speech, due on June 6 by 09:00GMT for some additional direction in the debt market. The yield on the benchmark 10-year gilts, suffered 2 basis points to 0.882 percent, the super-long 30-year bond yields slumped 2-1/2 basis points to 1.468 percent and the yield on the short-term 2-year traded nearly 1-1/2 basis points lower at 0.593 percent by 09:25GMT. At 51.0 in May, up from 50.4 in April, the seasonally adjusted IHS Markit/CIPS UK Services PMI Business Activity Index registered above the 50.0 no-change mark for the second month running. The latest reading signalled a marginal rise in service sector output, with the rate of expansion the strongest since February. Further, at 50.7 in May, the seasonally adjusted All Sector Output Index dropped from 50.9 in April. A sharp slowdown in manufacturing production growth and lower construction output more than offset an improvement in service sector business activity. Nonetheless, the All Sector Output Index remained above the crucial 50.0 no-change value for the second month running. #atiroxltd #atiroxhedgingstrategy #atiroxforexblog #ibatiroxltd #supertraderfx #mibatirox #mibatiroxcontinental #pammforex #pammaccount #pamminvestment #pamm https://www.instagram.com/p/ByYCpYvDViV/?igshid=ywqgwnxi0t4

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key charts explaining Crude Oil inventories and production report of EIA  Here are some key charts based on data from the United States’ Energy Information Agency’s (EIA) latest report that explains the level of inventories, refinery demand, and production. Chart 1 shows crude oil production in the United States reached a new record high of 12.4 million barrels per day last week.     Chart 2 shows the level of U.S. distillate inventories. According to the latest report, the inventory rose last week to 129.4 million barrels.   U.S. oil imports have been declining over the past couple of year. Last week, it rose to 7.93 million barrels per day, largely due to higher refinery demand.   Chart 4 shows the level of U.S. crude oil exports, which rose to a new record high of 3.61 million barrels per day earlier this year. Last week, it was 3.3 million barrels per day.   Chart 5 shows U.S. refinery operating at 91.8 percent. Refinery intake has taken a sharp dive from 97 percent in January but up from 85.9 percent in mid-February.   Chart 6 shows the level of crude oil inventories, which has declined to around 64 million barrels since its peak in April 2017. Inventories declined last week to 483.3 million barrels. Commentary 06-June-2019 22:23:57 #atiroxltd #atioxforexblog #atiroxhedgingstrategy #ibatiroxltd #supertraderfx #mibatirox #mibatiroxcontinental #pammforex #pammaccount #pamminvestment #pamm https://www.instagram.com/p/ByX-OoLDZnn/?igshid=1he896koauj98

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U.S. treasuries hold gains after weekly jobless claims remain unchanged, pointing to solid labour market  The U.S. Treasuries held onto gains during Thursday’s evening session, after the country’s weekly initial jobless claims, remained unchanged during the week ended early June, pointing towards strength in the labour market. Now investors will be eyeing the Federal Open Market Committee (FOMC) member Williams’ speech, due later through the day by 17:00GMT, which shall add further direction in the debt market. The yield on the benchmark 10-year Treasury yield slumped 2-1/2 basis points to 2.098 percent, the super-long 30-year bond yields plunged 4 basis points to 2.594 percent and the yield on the short-term 2-year traded tad lower at 1.839 percent by 12:40GMT. According to data released by the United States’ Department of Labour, initial claims for state unemployment benefits were unchanged at a seasonally adjusted 218,000 for the week ended June 1, while data for the prior week was revised to show 3,000 more applications received than previously reported. Further, a Reuters survey of economists, showed that nonfarm payrolls, due to be released tomorrow likely increased by 185,000 jobs in May after surging by 263,000 in April. Meanwhile, the S&P 500 Futures traded tad 0.22 percent lower at 2,746.38 by 12:45GMT, while at 12:00GMT, Hourly Dollar Strength Index remained neutral at -59.72 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). Commentary 06-June-2019 20:45:04 #atiroxltd #atiroxhedgingstrategy #atioxforexblog #ibatiroxltd #mibatirox #mibatiroxcontinental #supertraderfx #pammforex #pammaccount #pamminvestment #pamm https://www.instagram.com/p/ByXuozlDnfn/?igshid=bi91l6dolk0i

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maintain short positions in silver; enter fresh short at rallies with new extended target  In April, we warned that silver price is likely to move lower, and later that month we forecasted a $14 final target largely due to the The ongoing strength of the U.S. economy and strong USD, Lackluster demand from the investment sector, and The Commitment of Traders (CoT) report that suggested bearish bias in silver. The long positions in silver declined more than 11,000 contracts in the week ending April 16th, which pushed the net long positions to just +5.9K contracts, the lowest level since November. Since then there have been some changes in the fundamental, The economic strength has softened to some extent and the USD weakened leading to the current rally in Silver. Investment demand has still been low, with commercial demand set to decline as an effect of trade tensions between the U.S. and China. Moreover, the commitment of traders (CoT) report suggests that the net position has shifted. Speculators are now net short -22.4K contracts in silver, supporting bearish outlook. Trade idea: Silver has reached many of the targets, we expect the rest to get reached. Reached targets -  $14.6, $14.48, and $14.3 Yet to be reached - $14 and $13 We recommend selling in the current rally.    Commentary 06-June-2019 18:11:41 #atiroxltd #atioxforexblog #atiroxhedgingstrategy #ibatiroxltd #supertraderfx #mibatirox #mibatiroxcontinental #pammforex #pammaccount #pamminvestment #pamm https://www.instagram.com/p/ByXXwKFj5mb/?igshid=o1hwd9arvtfg

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Upcoming: France: April budget details to be released at 6:45 GMT.   Spain: May employment change report due at 7:00 GMT.   Italy: April unemployment report due at 8:00 GMT.   United Kingdom: Markit construction PMI to be released at 8:30 GMT.   Eurozone: April unemployment report to be released at 9:00 GMT, along with flash CP report for the month of May.   United States: ISM New York PMI report due at 13:45 GMT, followed by April factory orders report at 14:00 GMT.   Australia: AiG services PMI report due at 22:30 GMT.   Commentary 04-June-2019 13:01:37 #atiroxltd #atiroxhedgingstrategy #atiroxforexblog #supertraderfx #ibatiroxltd #mibatirox #mibatiroxcontinental #pammforex #pammaccount #pamminvestment #pamm https://www.instagram.com/p/BySZFP8DzZx/?igshid=ejvbgm4g8nde