Βy Jameel Ahmad, Chief Market Analyst at FXTM Global stocks have opened trading on Thursday pointing higher, following the US Federal Reserve performing in-line with expectations during last night’s FOMC Minutes release, and reaffirming its intention to begin raising interest rates in the coming months. This boosted global economic sentiment, with the US economy continuing
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Twelve journalists and policemen are reported to have been killed in a terror attack against the Paris-based satirical newspaper Charlie Hebdo on Wednesday, the same publication that was fire-bombed four years ago when it published an image of the prophet Mohammed on its front cover. French President Francois Hollande said the attack was “without a
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Often billed as the most important holiday for the couple, the honeymoon dream of those getting married in 2015 is now within their reach. Emirates Holidays, together with Amathus Let’s Go Plus, are unveiling a range of special packages for Mauritius, the Seychelles and the Maldives to coincide with the Wedding Fair taking place on
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By Jameel Ahmad, Chief Market Analyst at FXTM The EURUSD just recorded yet another nine-year low at 1.1823 following additional blows to the EU economic sentiment after further poor data out of Europe today. There were already concerns over the complete discrepancy between the German and Italian unemployment data, with the Eurozone’s greatest challenge yet
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. By Oren Laurent President, Banc De Binary New Year traditionally begins with a celebration followed by resolutions; even if many of us fail in our attempts to be strong-willed, we at least start the year as we intend to go on, on a positive note. For the Eurozone however, this philosophy is foreboding. The
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. Marcuard's Market update by GaveKal Dragonomics The commodity boom of the past decade had all the hallmarks of a typical bubble: massive retail participation (through ETFs, mutual funds etc…), large pension fund involvement, a widespread belief that ‘this time, things were different’ and that a ‘commodity super-cycle’ was unfolding. But like all bubbles, this
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* Gov’t needs to raise €2.9 bln * The government is planning two new international debt issues this year, with Finance Minister Haris Georghiades saying on Monday that the aim this year is to refinance some 2.9 bln euros of debt. Georghiades told Reuters the government is preparing for two issues under its European Medium
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* Euro unmoved as German, Spanish inflation craters * Cyprus showed a massive drop on Monday as the consumer price index came in at -1.5% year-on-year against 0.2% in November and -2.3% in December 2013. The CPI for December was down 1.88 points or 1.6% dropping to 115.77, compared to 117.65 the previous month. The
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Average gross monthly earnings fell by 3.8% on a yearly basis during the third quarter of 2014, the statistical service Cystat reported in preliminary estimates, with employee average earnings amounting to EUR 1,758 (males EUR 1,900 and females EUR 1,596). Compared to the third quarter of 2013, this showed a fall of 3.8% in the
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. What’s your cup of coffee worth? By Oren Laurent President, Banc De Binary We all know that oil is central to the world’s economy, but who knows how the markets would respond to a day of businessmen taking a break from their coffee habit? While oil and the other top traded commodities have made
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