FOREX Trading

Markets rise despite Trump’s tariff threat

TORONTO — Canada’s main stock index moved higher, helped by strength in the industrials and materials sectors, as the loonie took a hit amid U.S. President Donald Trump’s trade complaints. The S&P/TSX composite index was up 55.55 points to 16,258.24, after 90 minutes of trading. In New York, the Dow Jones industrial average was down 8.76 points to 25,307.77. The S&P 500 index was up 2.74 points to 2,781.77 and the Nasdaq composite index was up 6.24 points to 7,651.75.…

0
Read More

RBI turns net seller of US dollar in April

MUMBAI: After remaining net buyer of the US dollars for past many months, the Reserve Bank of India (RBI) became net seller in April, after it sold $2.483 billion of the US currency in the spot market, according to its data. During the reporting month, the apex bank bought $5.536 billion of dollars from the spot market, while it sold $8.019 billion. In April 2017, RBI was net buyer of the US currency as it had bought $1.751 billion and…

0
Read More

USDCAD gaps higher after post G7 rant from Trump administration. Very busy week ahead for markets. Traders eyeing Fed, EBC, BOJ, Brexit vote, US/NK summit, OPEC, + economic data.

… amp;utm_campaign=market-commentary&utm_term=create-custom-plan Market Analysis … better navigate the currency markets. His desk provides … has been trading currencies professionally and independently … creating a custom foreign exchange trading plan?   Email … Source link

0
Read More

Business Hallmark Cover for Monday, June 11-15

Banks upbeat over rising oil prices …NPLs likely to drop By FELIX OLOYEDE The recent rise in International oil prices has bumped up banker’s optimism in the reversal of their previous misfortunes resulting from large loan exposures to Nigeria’s Oil and Gas sector. Bankers, in growing numbers, are beginning to express considerable faith in a decline in their non-performing Oil sector […] Obasanjo in danger By OBINNA EZUGWU It’s…

0
Read More

GLOBAL MARKETS-Stocks rise despite G7 clash; Italy helps euro – Politics News

* Big week for central banks as Fed, ECB set to tighten policy * Comments from new Italy government push bond yields lower * Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh By Saikat Chatterjee LONDON, June 11 (Reuters) – European stocks edged higher on Monday, shrugging off the weekend’s fractious G7 meeting as investors looked forward to an event-packed week while receding tensions in Italy nudged the euro towards a recent three-week high. President Donald Trump’s rejection of a previously…

0
Read More

Commercial Bank launches mobile remittance channel between South Korea and Sri Lanka

* Commercial Bank launches mobile remittance channel between South Korea and Sri Lanka Mon, Jun 11, 2018, 08:24 am SL Time, ColomboPage News Desk, Sri Lanka. June 11, Colombo: The Commercial Bank of Ceylon has become the first Sri Lankan institution to launch a ‘Mobile to Account Remittance Service’ between South Korea and Sri Lanka, facilitating real time fund transfers from an estimated 30,000 Sri Lankans employed in the East Asian nation. The service, launched in collaboration with…

0
Read More

Pakistan keeps its options open – Newspaper

The political blow-back from the news that the interim caretakers are approaching the International Monetary Fund (IMF) for a bailout forced the government to clarify that contact had been made for a routine annual Article IV review and that no decision has yet been taken to return to the Fund’s fold to ease external sector pressures. The caretaker government of Prime Minister Nasirul Mulk has two very challenging tasks for its limited tenure. Besides holding elections it will have to…

0
Read More

Indonesia tries to get companies to hold more rupiah to stem weakness By Reuters

© Reuters. FILE PHOTO: Illustration photo of an Indonesia Rupiah note By Cindy Silviana and Gayatri Suroyo JAKARTA (Reuters) – Over the past couple of decades, Indonesian companies have developed a tried and tested strategy to cope with the periodic plunges in the rupiah: retain dollars to protect their profits. But their behavior can add to downward pressure on the currency, exacerbating problems for policymakers in southeast Asia’s biggest economy, especially given its relatively open nature compared to neighbors with…

0
Read More

NSIA’s profit drops in 2017, blames FG –

The Nigeria Sovereign Investment Authority, the agency managing the Sovereign Wealth Fund, has recorded a decline in its profit from N130.3 billion in 2016 to N22.5 billion in 2017. The Managing Director, NSIA, Uche Orji, while presenting highlights of the financial performance of the fund to the media on Sunday in Abuja, said 2017 was a challenging year for the agency. Orji said the total income of the agency declined from N149.83 billion in 2016 to N27.93 billion in 2017.…

0
Read More

When A Walk To The Park Isn’t A Walk In The Park – SPDR S&P 500 Trust ETF (NYSEARCA:SPY)

It’s Sunday morning as I write this and there for about 15 minutes, I had designs on cramming my woefully out of date MacBook Air into my trusty Alleretour Messenger 34 (which has been subjected to an obscene amount of abuse considering its pedigree) and trudging the two-ish miles to a brand new park local officials decided to install next to one of the only public beaches on the island. I like parks and I wish all the beaches here…

0
Read More

Nigeria’s foreign reserves fall by $170 million in 6 days – Finance

  Foreign reserves of Africa’s largest economy fell in six days by $170 million to $47,42 billion as of Thursday, June 7, 2018. The nation’s foreign reserve is gradually depleting against $50 billion projection by the Central Bank of Nigeria (CBN) Analysts said the pressure on demand from foreign investors was mainly responsible for the low growth in the external reserves. Foreign reserves of Africa’s largest economy fell in six days by $170 million to $47,42 billion as of Thursday,…

0
Read More

Zimbabwe forex receipts up to $2.8bn

Zimbabwe’s economy has made a remarkable upswing since the beginning of year, with foreign currency receipts rising to $2,8 billion in the first five months of the year from the same period a year ago, while gold production has jumped an incredible 65 percent to 13,3 million tonnes in the same period. This has raised expectations that Government will be able to achieve its revised growth target of 6 percent, Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has…

0
Read More

Diversification is about earning forex however…

I am grateful that Trevor Sudama in the June 7 T&T Guardian took the time to reply to my contribution “Diversification and the politician”. However, I wish to make a few comments on his response. First, he asked whether the method of CL Financial’s entrepreneurship and pattern of foreign portfolio acquisition is the model to be followed in diversifying our economy and earning foreign exchange. Sudama sees this as acceptable if there are no such opportunities in the local economy.…

0
Read More

The new dimensions of tourism | Business

In a week in which Caribbean tourism leaders have been meeting in New York to build on the strong growth that much of the industry is now experiencing, it may seem perverse to be writing about the sustainability of Caribbean tourism. However, there is growing evidence that fundamental structural changes taking place globally in the industry are likely to raise new questions about the social and economic value tourism brings. Tourism is increasingly a price-based commodity, benefiting mainly those who…

0
Read More

Economy in remarkable growth – Forex receipts up to $2,8bn – Gold production rises 65pc

Zimbabwe’s economy has made a remarkable upswing since the beginning of year, with foreign currency receipts rising to $2,8 billion in the first five months of the year from the same period a year ago, while gold production has jumped an incredible 65 percent to 13,3 million tonnes in the same period. This has raised expectations that Government will be able to achieve its revised growth target of 6 percent, Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has…

0
Read More

Shield the global economy from future financial shocks

The lead-up to the 2008 crisis was characterised by a dangerous sense of complacency. It was only in January that the International Monetary Fund (IMF) was celebrating the strength of the global economy, heralding “the broadest synchronised global growth upsurge since 2010”. How quickly things have changed. Argentina has since sought a bailout from the IMF; Turkey is facing a potential currency crisis; Indonesia is seeing investors flee’ alarm bells are sounding for Italy and Spain; China’s debt…

0
Read More
About

Business on the Web provides the latest Business News: Breaking Personal Finance, Company,  Financial and Economic News.

Our blogs are an excellent place for technology professionals to get up-to-date industry news. Blogging about the hottest education technology issues.

Social Links