By Jameel Ahmad, Chief Market Analyst at FXTM The increasingly positive outlook for higher US interest rates next year led to metals coming under heavy fire on Monday. Gold dropped to its lowest level in over two weeks at $1170.52, while Silver declined by nearly 3% before finding support at $15.50. The Federal Reserve provided
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* Stavros Malas After the Russian move towards Turkey and the revitalization of the Greek-Turkish relations, a unique opportunity is emerging for the Cyprus issue to be revisited. Political pressure from the West, led Russia to a strategic move towards a large NATO country. By doing so Russia aims to firmly entangle Turkey with Russian
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President Nicos Anastassiades returned home on Sunday after a three-week absence in New York where he underwent a heart operation at Mount Sinai Hospital to correct his mitral valve. Having recuperated from the operation, Anastassiades said that he will meet with Acting President and Parliament President Yiannakis Omirou on Tuesday, after which he will chair
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Wizz Air, the largest low-cost airline in Central and Eastern Europe*, announced further growth of its low fare route network from Poland. From 25 June 2015 Wizz Air will start operating a new service from Warsaw Chopin to Stavanger in Norway and starting from 26 June 2015, Wizz Air passengers can travel from Katowice Airport
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By Jameel Ahmad, Chief Market Analyst at FXTM After the Federal Reserve calmed down investor sentiment by reassuring traders it still has every intention to begin raising interest US interest rates next year, it was no real surprise the USD concluded the week by strengthening against its counterparts. Gains were also recorded in US stocks,
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Nicosia is playing its part in the worldwide commemoration of the Christmas Truce centennial, with the difference being that the Cyprus football game is probably the only one to be played in “no man’s land”, as was the case between the warring sides at the beginning of WWI. The Cyprus Christmas Truce football game will
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. As Paphos gets ready to elect a new mayor on January 11, the town’s folk are exhibiting a twisted sense of democracy and transparency. The question on everybody’s mind that no citizen or political party dares ask openly – for fear of finding skeletons in their own closet – is, if the ex-Mayor and
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. Marcuard's Market update by GaveKal Dragonomics So much for the gentle year-end that looked to be in store after the swift recovery from October’s sell-off. Investors now face an acute dilemma as oil demand estimates get scaled back and the energy complex howls: does the effective tax cut delivered to oil consumers outweigh the
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. By Oren Laurent President, Banc De Binary Facebook founder, Mark Zuckerberg, has been accused in the past of abandoning traditional investor logic and pursuing several overly priced acquisitions. Yet, as skeptical as you may be about Silicon Valley’s tech-geek egos, there’s no denying the recent data. It turns out that Zuckerberg correctly anticipated what
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With the pace of decline in economic activity slowing in 2014, Ernts & Young (EY) believes that Cyprus remains on track for a return to growth next year. However, the main drivers of the turnaround — tourism and the services sector — will only be sufficient to generate modest GDP expansion of around 0.3% in
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