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Oil joint ventures operating in Venezuela seek USD 14 billion

posted by Avatar techiegirl 164 days ago in Commodities made popular 164 days ago

The companies seek to raise USD 14 billion in external funding to reverse the trend of declining or stalling oil production in Venezuelan oil fields, a source involved with the plan, who declined to be named, told Reuters. ... read more
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Ecuador: Banana exporters sanctioned due to breach of law

posted by Avatar techiegirl 165 days ago in Commodities made popular 165 days ago

The Ministry of Agriculture (MAGAP), has initiated a compliance and obligations review process to exporting and marketing banana companies. So far 19 companies have been sentenced, these same companies have to pay a fine of approximately USD 60000. ... read more
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Euro little affected by EU Summit

posted by Avatar techiegirl 166 days ago in EUR, GBP made popular 166 days ago

The isolation of UK PM Cameron was widely criticized, but didn't affect sterling. Today, UK and European calendars are empty. So, EUR/GBP will trade on the general risk on/risk off sentiment. It is not clear at this juncture whether the current slight ... read more
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Dollar Slides As Appetite For Risk Returns

posted by Avatar techiegirl 172 days ago in AUD

In Australia, third-quarter gross domestic product data showed the economy expanded by 1% from the second quarter, slightly below forecasts for 1.2% expansion, but up 2.5% on year, which sent AUD/USD hitting 1.0267, up 0.215%, a day after Australian ... read more
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Asian Markets Mostly Trade Higher On Italy Austerity Measures

posted by Avatar techiegirl 174 days ago in AUD, Economic Indicators

The Reserve Bank of Australia will announce its latest decision on interest rates on Tuesday, with expectations for a rate cut of 25 basis points to 4.25 percent from the current 4.50 percent. In the currency market, the Australian dollar was trading ... read more
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Cotton futures jump on speculation of strong Chinese demand

posted by Avatar techiegirl 177 days ago in Commodities made popular 177 days ago

Elsewhere, on the ICE Futures Exchange, coffee futures for March delivery rose 0.25% to trade at USD 2.3707 a pound, while sugar futures for March delivery climbed 0.48% to trade at USD0.2383 a pound. Later in the day, the US Department of Agriculture ... read more
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AUD/NZD: Not much changed after New Zealand election

posted by Avatar techiegirl 181 days ago in NZD made popular 181 days ago

As I said last week, prospects for both sets of interest rates do favour a medium-term bearish AUD/NZD strategy. The opinions and analysis offered on Forexlive are for educational purposes only and clients and prospects are advised to carefully ... read more
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What The Euro Crisis Means to Britain's Lending

posted by Avatar techiegirl 182 days ago in EUR made popular 182 days ago

Since the euro crisis has emerged the pressure on lenders has come from the London Interbank Offered Rate (LIBOR), which is the short term interest rate at which bank will provide funds to each other, which has recently seen rates rise to their highest ... read more
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Trade Update: the Kiwi remains in play (BNZ)

posted by Avatar techiegirl 185 days ago in NZD made popular 185 days ago

Since that initial trade suggestion , NZD/USD had printed three lower highs and lower lows pushing price below 0.7395, which brings traders who sold the NZD/USD to a decision point. Some may want to take a quick 100-pip profit. ... read more
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NZD/USD drops to 7-month low

posted by Avatar techiegirl 187 days ago in NZD

The Kiwi is falling for the sixth day in a row against the US Dollar on Monday. The NZD/USD bottomed at 0.7449, reaching the weakest level since March 24. Afterwards the pair managed to move off session lows but the recovery ... read more
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Fitch Warns on US banks linked to Eurozone

posted by Avatar techiegirl 192 days ago in EUR, AUD

0.6% m/m. The Australian Dollar (AUD) the Aussie hit day lows near the end of the Asian session before bouncing in Europe to test 1.0150. The selloff late in the day on the Fitch warning to US banks sent the Aussie back towards parity at 1.0000. ... read more
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DAY!!! USD/JPY

posted by Avatar techiegirl 195 days ago in USD made popular 195 days ago

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your ... read more