Βy Jameel Ahmad, Chief Market Analyst at FXTM The Eurodollar is continuing to sink down the charts with the latest, in what has become a repeated streak of recording fresh multi-year lows being registered at 1.0593. From a technical standpoint, the EURUSD appears vulnerable to further sudden declines and any small bullish swings higher is
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. By Oren Laurent President, Banc De Binary When Glenn Stevens, Reserve Bank of Australia Governor, presented his policies on Tuesday, he was faced with an impossible conundrum: to hike interest rates or to cut them? Both options would have both positive and negatives consequences on different sectors of the country’s disparate economy. So what
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The yield on 10-year Cyprus sovereign bonds dropped to 3.97% on Tuesday, down from 4.11% on Monday and 4.15% on Friday, the lowest level in almost four years. This is near the bond’s all-time low of 3.81% recorded in October 2010. The average yield on the Cypriot bonds averaged at 5.15% in the past twelve
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* Cyta to follow by summer as market share drops to 66% * Private telcos MTN and PrimeTel are introducing high-speed fourth generation (4G) connectivity this week over the LTE (Long Term Evolution) service, with state-owned Cyta expected to follow by summer, with market shares in mobile telephony expected to oscillate according to each provider’s
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Hellenic Bank donated €19,433 to the Cyprus Red Cross, raised from the sale of the aggregate and fractions of shares arising from the recent reverse stock-split of 1:50. The bank said that rather than a distribution across the whole shareholder base, it was decided, at the extraordinary general meeting on February 27, to donate the
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Globaltraining is presenting the Chartered Banker MBA degree in cooperation with Bangor University of U.K. and the Cyprus Institute of Financial Services. The programme is aimed at professionals from the wider financial services sector who want to acquire a better knowledge of financial issues, or to upgrade their academic qualifications and improve their chances of
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Aristo Developers, Cyprus’ foremost property developer, broadened its global presence in November 2014, by establishing a new Head Office in China, marking another milestone in its Asia business operations. Located in Guangzhou Zhujiang New Town, the new office covers an impressive area of 280sqm and can be found on the 39th floor of the remarkable,
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Developments in global oil markets are presenting policymakers in the Middle East and North Africa (MENA) with challenges and opportunities, Moody's Investors Service said in its annual MENA sovereign outlook report. According to the rating agency, while most net importers are presented with benefits from improving external current account balances and lower fiscal spending on
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. By Oren Laurent President, Banc De Binary A number of different stories and studies have recently drawn attention to the world’s robot-driven future. Nothing new, right? You could say that the topic has been already discussed at length. What has struck me now, however, is that the idea of robots outshining humans in the
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The House of Representatives will discuss the final two pieces of legislation about foreclosures and insolvencies this week, with a narrow vote of approval that could pave the way for a final review by international lenders and Cyprus taking part in the European Central Bank’s bond-buying scheme known as quantitative easing (QE). The fifth set
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