FOREX Trading

Mikaddo Holdings’ staff visits Tema Port

ByIddi Yire, GNA Tema, June 17, GNA –The management and staff of Mikaddo Holdings Limited have paid a day’s workingvisit to the Tema Port. The visit gave theteam, led by Dr Nana Agyekum Addo, the President/Chief Executive Officer,Mikaddo Holdings Ltd, the opportunity to gain an insight into how goods werebeing imported into the country, and the clearing and storage processes theywent through at the Tema Port. Sections of the Porttoured by the team included; the Custom Long Room, Stevedoring areas,…

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eBay’s Go Global platform attracts over 3,500 Malaysian businesses | Money

Head of Seller Growth (SEA Cross Border Trade) Wong Mei Inn said eBay was focused on offering localised seller support to catalyse the growth of cross-border trade in the country. — Reuters pic KUALA LUMPUR, June 17 — Global e-commerce platform, eBay, which launched its “Go Global with eBay” initiative almost a year ago, has managed to attract more than 3,500 Malaysian businesses. Head of Seller Growth (SEA Cross Border Trade) Wong Mei Inn said eBay was focused on offering…

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Sector Study: It’s Getting Real For The Brazilian Real – iShares MSCI Brazil Capped ETF (NYSEARCA:EWZ)

Sector Study: Brazil I have talked at length in recent notes about how aggressive monetary tightening from the Federal Reserve has started to cause massive pain in many emerging market economies and currencies. The Brazilian Real can be added to the list of currencies suffering the most from Quantitative Tightening “QT” and interest rate increases, joining the Argentinian Peso, South African Rand, Mexican Peso, Turkish Lira and others. The Brazilian central bank has intervened in the FX market in order…

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AUD/USD Forex Technical Analysis – Next Target .7412, but Ripe for Reversal Bottom

The Australian Dollar continued to feel pressure on Friday from the major decisions reached by the U.S. Federal Reserve on Wednesday and the European Central Bank on Thursday. The AUD/USD settled at .7443, down 0.0034 or -0.46%. Daily AUD/USD The Fed’s decision to raise rates immediately and at least two more times before the end of the year, highlights the widening divergence between the hawkish U.S. central bank and the dovish Reserve Bank of Australia, which is unlikely to raise…

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FMDQ OTC Securities Exchange Market Records N54.9tn Turnover in 4 Months

A view of Marina in the central business district of Lagos Bamidele Famoofo In four months (January-April), the FMDQ OTC Securities Exchange market recorded N54.90 trillion (about $165.64 billion) worth of transactions, as turnover grew 22 per cent year-on-year as at April 2018. Turnover in the first four months in the 2017 financial year stood at N45.01 trillion, representing a growth of 22 per cent when compared to N54.90 trillion achieved between January and April in 2018, as investors injected…

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US Fed Rate Hike and Options for Nigeria

With Wednesday’s hike in interest rate by the United States Federal Reserve, Ndubuisi Francis examines the options open to Nigeria to insulate the economy from the adverse effects The United States Federal Reserve on Wednesday raised its key lending rate by another quarter-point — the second time in 2018 – in an attempt to stay ahead of growing inflation amid strong growth and robust employment. Following two days of deliberations, the members of the US Fed’s interest rate-setting Federal Open…

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US Fed: Fed and ECB inflict fresh blows on currencies, stocks

By Yumi Teso , George Lei , and Alexander Nicholson The selloff in emerging markets showed few signs of abating as a combination of mounting trade-war concerns, slightly hawkish Federal Reserve and the European Central Bank’s decision to phase out asset purchases pummeled stocks and currencies. The MSCI Emerging Markets Index of equities slumped 1.9 percent for the week, the biggest drop in a month, while a gauge tracking developing-market currencies fell to a six-month low. The Bloomberg Barclays index…

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GLOBAL MARKETS-U.S.-China trade fight leads stocks lower, oil sinks on supply fears – Macroeconomic News

* GRAPHIC-World FX rates in 2018: http://tmsnrt.rs/2egbfVh * Trump OKs $50B in tariffs as China vows retaliation * China trade spat sparks sell-off in U.S. soybean futures * European, emerging market stocks down more than 1 percent each * Oil slumps 3 percent (Updates with close of U.S. markets) By Laila Kearney NEW YORK, June 15 (Reuters) – Wall Street ended lower on Friday and global stocks continued to slide after U.S. President Donald Trump announced new tariffs on Chinese…

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BRL: Public finances and politics to limited the upside

According to Morten Lund, Research Analyst at Nordea Markets, the recent depreciation of the Brazialian Real spurred anticipation among some market participants that the Brazil Central Bank will hike interest rates. They see public finances and politics as another factors that will limit BRL upside. Key Quotes: “During the truckers’ strike USD/BRL traded at 3.90, which were levels not seen since the recession in 2015 and early 2016, before the BCB stepped in and offered FX in extraordinary FX swap…

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Forex reserve: Forex reserve up by $0.88 billion at $413 billion

India’s foreign exchange reserves increased by $879.5 million to $413.109 billion in the week to June 8, helped by rise in foreign currency assets, the Reserve Bank data showed today. In the previous week, the reserves had declined by $593.7 million to $412.230 billion. The reserves had touched a record high of $426.028 billion in the week to April 13, 2018. It had crossed the $400-billion mark for the first time in the week to September 8, 2017, but has…

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GLOBAL MARKETS-Simmering trade tensions set stocks up for weekly loss – Macroeconomic News

* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh * Focus on first list of U.S. tariffs worth $50 bn on China * Second wave of tariffs worth $100 bn cued up * Italian govt debt set for best week since Sept 2012 * Dollar hits highest since November 2017 * Euro set for worst weekly loss in 19 months By Ritvik Carvalho LONDON, June 15 (Reuters) – World shares fell and were set to end the week in the red…

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Record PLC shares fall as currency manager reports fall in annual profit

  () shares fell on Friday as the currency manager reported a decline in full-year profit as its margins dropped although its revenues increased slightly. For the year ended 31 March 2018, the FTSE Fledgling company said its revenue rose to £23.8mln from £22.9mln a year earlier, but pre-tax profit tax fell by 7% to £7.3mln from £7.8mln as its operating profit margin dropped to 31%, from 34%. Nail Record, chairman of the company, said:” Although this…

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Reading The Markets Sweden: 15 June 2018

A word about CPIF: recent data will not shift the Riksbank in a hawkish direction A word about nothing: Swedish unions’ wage and inflation expectations do not move A word about something: is the Swedish manufacturing cycle on its way down? A word about FRAs and trading recommendations To read the entire report Please click on the pdf File Below: Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor…

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Tech Outlook – Ref. Soya Oil market under fresh buying; Support seen at 738

MCX Cotton may trade between 22767-23447 levels MCX Cardamom under long liquidation NCDEX Jeera likely to move in a range of 16430-16790 NCDEX Turmeric under long liquidation NCDEX Mustard Seed under fresh buying; Support seen at 3978 Technically Ref. Soya Oil market is under fresh buying as market has witnessed gain in open interest by 11.49% to settled at 59190 while prices up 7.7 rupees. Now NCDEX Ref.Soya Oil is getting support at 738 and below same could see a…

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Forex – BOJ Keeps Rate Unchanged, US-China Trade Tensions In Focus   By Investing.com

© Reuters. The yen slid against the dollar on Friday morning trade in Asia Investing.com – The yen slid against the dollar on Friday morning trade in Asia after the Bank of Japan kept interest rates unchanged, in line with market expectation, even as the U.S. is set to release an updated list of Chinese products to target with tariffs. The Bank of Japan released its policy statement on Friday, leaving its rate unchanged at -0.10%. The market looked at the…

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