Oil again above the $106 mark

FXstreet.com (Barcelona) - Oil pushed again above the $106 handle during late NY session, printing a weekly high at $106.54 for the August future contract. It recovers from yesterday's weekly lows around the $104 mark.

Gold in the other hand has eased from yesterday's weekly highs at $1295 printed in very early Asian trade, last trading at $1283, flat for the week, off recent weekly lows at $1273. Silver is also flat for the week, last at $19.94, in the middle of the $20.20/19.58 trading range.

Flash: MPC minutes hold key to GBP this week – Investec

The GBP is little changed today against the USD and EUR following the weekend; opening a little below 1.5100 & 1.1600 respectively with markets having made it through this morning’s in line +7.5% China Q2 GDP release unscathed, notes Lee McDarby, Corporate Treasury at Investec.
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GBP/USD look for 1.54 squeeze to shake out premature shorts - Pattern Traders

The combo of softer U.S. data and inflation pressures building in the UK, suggests additional GBP/USD gains in the days ahead, notes Jonathan Eliasof, Founder at Pattern Traders.
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