By Lukman Otunuga, Research Analyst at FXTM US Dollar held steady near a one-week high against a basket of major currencies Tuesday morning as bulls remained inspired by last Friday’s strong U.S. payroll figures. While the Greenback is seen extending gains in the near term as renewed trade optimism supports risk sentiment and elevates U.S.
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Hellas Sat 4, the joint Greek and Cypriot high-capacity communications satellite owned by Arabsat, is set to be launched into orbit on Tuesday, on board ArianeSpace’s first launch of the year from the Spaceport in French Guiana. The launch from Kourou at 22.01 CET (23.01 Cyprus/Greece) on board an Ariane 5 rocket, will be broadcast
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The cost of borrowing for the Cyprus government dipped below the 2% mark on Friday, with the 10-year bonds trading with a coupon of 1.97%, a good 40 basis points below the nominal interest rate of the bond issued last September when Cyprus was removed from ‘junk’ investment grade by Standard and Poor’s. The Cyprus
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By Hussein Sayed, Chief Market Strategist at FXTM The U.S. Federal Reserve’s sharp U-turn last week has been welcomed by equity markets. The adjustment to guidance between December and January was enormous. After raising interest rates in December and hinting towards further gradual increases in interest rates while reducing the balance sheet on autopilot mode,
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. By Alon Ben-Meir The longest war in American history may come to an end following an agreement in principle between the US and the Taliban which was recently concluded in Doha. It is significant in that it is the first time the US and the Taliban negotiated face-to-face, the negotiations were made public, and
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. By Charlie Charalambous A decade or so ago, Cyprus had the fanciful notion of becoming an energy-rich state which could buy itself out of trouble and make other countries stand up and take notice – the same way that Saudi oil makes people look the other way. The hydrocarbons gold-rush hasn’t quite happened for
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. Cyprus has at last taken the bold decision to go where no Cypriot has gone before …and appoint the first-ever Head Scientist, which, lost in translation is a post most probably similar to the Chief Scientist of Israel. This is perhaps the third junior ministry that the Anastasiades administration had promised years ago, initiated
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By Kyriacos Kiliaris The Cyprus energy sector is to radically change very soon as new players enter the market of electricity production and supply, with entrepreneurs promising to deliver cheaper and cleaner energy to households and businesses. One such newcomer, Power Energy Cyprus (PEC) Ltd., plans to produce about a quarter of the island’s present
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By Lukman Otunuga, Research Analyst at FXTM The mood across financial markets is poised to remain cautious in the week ahead as investors grapple with geopolitical risks and concerns over slowing global economic growth. We expect Dollar weakness to become a dominant market theme due to growing expectations over the Federal Reserve taking a pause
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Cyprus banks issued 65.4% more loans in December compared to the previous month while lending and deposit rates dropped further. According to figures published by the Central Bank of Cyprus on Friday, total new loans rose to €407.6 mln, compared to €246.4 mln in the previous month. Loans to non-financial corporations for over €1 mln
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