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AUD/USD Classical Technical Report 04.17

April 17, 2012

AUD/USD: Our bearish outlook in this market is being reaffirmed with the latest pullback and we continue to project deeper setbacks over the coming days and weeks back below parity. A fresh lower …

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Recycling industries thriving in Europe

April 17, 2012

(MENAFN – Kuwait News Agency (KUNA)) Waste management and recycling industries in the European Union had a turnover of 145 billion euro in 2008, representing around 2 million jobs. The European …

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Argentina Plans to Nationalize YPF Oil Company

April 17, 2012

(MENAFN – Saudi Press Agency) Argentinean President Cristina Fernandz said Monday she is proposing legislation to nationalize the YPF oil company controlled by Spain’s Repsol. Fernandez said in a …

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Afghans at the crossroads

April 17, 2012

(MENAFN – Khaleej Times) The once remarkable gains in protecting and promoting equality between women and men in Afghanistan are now facing their most serious challenges. Two questions must be …

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The lucky lottery of birth

April 17, 2012

(MENAFN – Khaleej Times) As former Massachusetts governor Mitt Romney begins to pull decisively ahead of his opponents in the race for the Republican nomination for US Presidency, analysts are …

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Iran inaugurates USD1.5b water project

April 16, 2012

(MENAFN) Iran’s state TV said that the country has inaugurated a USD1.5 billion water project to transport drinking and irrigation water from the Caspian Sea to the country’s central desert, …

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Mattel posts 53% drop in Q1 profit

April 16, 2012

(MENAFN) Mattel said that profit plunged 53 percent in the first quarter to USD7.8 million, compared with USD16.6 million in 2011′s same period, reported AP. The El Segundo, California-based firm …

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Geithner says Buffett rule will not harm US economy

April 16, 2012

(MENAFN) US Treasury Secretary, Timothy Geithner, said that the Buffett rule, proposed by President Barack Obama, will not harm the country’s economy, reported The Peninsula. Geithner added that …

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Revenue from Iran-Tajikistan trade surpasses USD500m in 2011

April 16, 2012

(MENAFN) Iran’s ambassador to Tajikistan, Ali Asghar Sheardoost, said that revenue from trade between Tehran and Dushanbe surpassed USD500 million in 2011, reported Tehran Times. Sheardoost added …

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Spain; the new pain!

April 16, 2012

Concerns over Spain slammed the euro to the bottom of the recent three-month range at 1.3000 key level, as yields on long term 10-years bond hit new highs above 6.00% Friday. The overall mood …

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Italy’s Maserati to boost output by 10 folds by 2015

April 16, 2012

(MENAFN) Italy’s Maserati, the luxury carmaker owned by Fiat, said that it would increase output by 10 folds until 2015, reported Gulf News. The company added that by 2015, it would sell 50,000 …

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S Korea’s CB cuts 2012 growth forecast to 3.5%

April 16, 2012

(MENAFN) The Bank of Korea (BOK) said that it reduced the country’s growth forecast for the current year to 3.5 percent from previous estimates of 3.7 percent, reported Xinhua New. The central …

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EUR/JPY Classical Technical Report 04.16

April 16, 2012

EUR/JPY:The market is finally in the process of correcting following the latest surge to fresh 2012 highs just over 111.00. From here, we see risks for further weakness towards the 103.00 area, …

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AUD/USD Classical Technical Report 04.16

April 16, 2012

AUD/USD: Our bearish outlook in this market is being reaffirmed with the latest pullback and we continue to project deeper setbacks over the coming days and weeks back below parity. A fresh lower …

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GBP/USD Classical Technical Report 04.16

April 16, 2012

GBP/USD: Failure to establish any fresh momentum on the recent break above 1.6000, followed by an aggressive bearish reversal now suggests that the market could finally be looking to carve a top …

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USD/CHF Classical Technical Report 04.16

April 16, 2012

USD/CHF: Our core constructive outlook remains well intact with the latest setbacks very well supported by psychological barriers at 0.9000. It now looks as though the market could be looking to …

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US Dollar Index Classical Technical Report 04.16

April 16, 2012

US DOLLAR INDEX: The market remains locked in a multi-day consolidation and should continue to chop between the 9,600-10,100 area. Overall, we do retain a bullish outlook given the broader …

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SAP posts 11% rise in Q1 revenue

April 15, 2012

(MENAFN) SAP, the German technology company, said that first-quarter revenue went up 11 percent reaching USD4.37 billion, reported Fox Business. The firm added that in the period, sales of …

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Weekend: Early Markets Drifting, Looking to Earnings, Spain, China for Cues

April 15, 2012

Weekend Developments ECB Asmussen: Europe has done enough on firewall, IMF members should increase contributions ECB Asmussen: Spain is repairing market confidence Spanish PM Rajoy seen …

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World trade grows 5% in 2011: WTO

April 15, 2012

(MENAFN) The World Trade Organization’s (WTO) chief, Pascal Lamy, said that in 2011, world trade grew by only 5 percent from 2010′s 13.8 percent, reported Tehran Times. Lamy added that the …

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China’s CB expands yuan currency trading band to 1%

April 15, 2012

(MENAFN) The People’s Bank of China said that it widened the yuan’s daily trading band against the US dollar from 0.5 percent to 1 percent, reported Reuters. The central bank added that the move …

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The top events in Asia this week

April 15, 2012

Asian markets are waiting for many important data during the upcoming week, where Australia will release the RBA meeting minutes and industrial production reading for February, besides Tertiary …

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Iran’s faux pas or clever calculus?

April 15, 2012

(MENAFN – Arab News) How did the Iranian government prepare for the Istanbul Conference convened Saturday to discuss its nuclear program? How did it demonstrate its good will toward neighbors and …

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Two Earthquakes Jolt West India

April 15, 2012

(MENAFN – Qatar News Agency) Two moderate earthquakes today his the states of Gujarat and Maharashtra in western India. An earthquake measuring 4 on the Richter scale jolted the region of Ran …

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Global oil market tightness is easing

April 15, 2012

(MENAFN – Arab News) Oil prices are in three digits – for some time now. Yet despite the spike, the supply side of the global equation is not being blamed as ‘markets are well supplied.’ The tide …

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US Earnings Next Week Could Benefit Risk-Based Currencies

April 14, 2012

US Earnings Releases (April 16-20, 2012) Date Company Symbol Time (EDT) Earnings Est 4/16/2012 Citigroup …

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Japanese Yen Strength to Fizzle Amid Growth Fears, BoJ Pledge

April 14, 2012

Fundamental Forecast for Japanese Yen: Neutral USDJPY: Candles Hint Rally Preparing to Resume Yen Crosses Holding Important Supports For Now US Dollar Forecast to Test Lows versus Yen The …

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Gold Advance to be Short-Lived as Growth Concerns, Techs Point Lower

April 14, 2012

Fundamental Forecast for Gold: Bearish Gold Threatens April High Crude Oil Sold on US Jobs Disappointment, Gold Watching for QE3 Clues Gold & Silver Daily Outlook Gold prices closed …

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Rise in Spanish bond yields reignite debt crisis concerns 

April 14, 2012

Despite the efforts done by European officials to ease the debt crisis, worries spread in markets after the rise in Spanish 10-year bond yields to 6 percent, coming close to levels which forced …

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Forex Trading Weekly Forecast – 04.16.2012

April 14, 2012

US Dollar Ready to Break Impasse, Eyes on Earnings and Rates Euro Sticks to Range, but Losses Likely on Spain and Italy Troubles Japanese Yen Strength to Fizzle Amid Growth Fears, BoJ …

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Marriott plans to strengthen presence in Caribbean and Latin America

April 13, 2012

(MENAFN) Marriott International Inc. unveiled plans to further strengthen its foothold in the Caribbean and Latin America over the next few years, in a bid to tap the booming economic status in the …

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U.S. Stocks Plunge; S&P Logs Worst Weekly Slide In 2012

April 13, 2012

U.S. stocks settled lower at the close on Friday, after logging the best two-day rally this year and joining global equities amid downbeat economic reports from the 17-nation euro area  to the …

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China dampens the risk-trade

April 13, 2012

The cheery sentiment we have seen within the past two days was dampened by  the lower than expected pace of growth in China; the Chinese economy grew at 8.1% rate in the first quarter below …

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US inflation slows spending

April 13, 2012

(MENAFN) US Labor Department said that consumer prices increased 0.3 percent last month, a smaller increase than a month earlier and in line with economists’ expectations. However, inflation …

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UK’s rating set at AAA: S&P

April 13, 2012

(MENAFN) Standard & Poor’s stated that the United Kingdom’s economic outlook as stable at an AAA rating, reported AP. The agency said it anticipated Britain would see “relatively modest real GDP …

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North Korea’s rocket failure and China’s disappointing GDP brought gains in Asia

April 13, 2012

After the rocket launched by North Korea exploded minutes after liftoff disintegrating and falling into the ocean, relief was felt in South Korea and Japan, while China’s disappointing 8.1% …

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Google’s 1Q Earnings Beat Forecasts

April 13, 2012

Google, Inc. (NASDAQ:GOOG) reported its first-quarter results for the year 2012 indicating an incline in net income by 61% reaching $10.08 per share, beating market expectations of $9.64 a share, …

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Dollar leads Asian session

April 13, 2012

The Dollar rebounded again during Asian session to control trades at the end of this week’s trades, while Japanese economy performs a modification in monetary policy in order to control …

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India’s industrial production falls 1.1% in Jan

April 12, 2012

(MENAFN) The Indian government said that the country’s industrial output in rose 1.1 percent in January from the same period a year earlier, reported AP. The government added that in February, …

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Greece’s jobless rate grows to 21.8% in Jan

April 12, 2012

(MENAFN) The Greek Statistical Authority said that in January, the country’s jobless rate jumped to 21.8 percent, reported AP. The agency added that in the period, 1,084,668 people were without …

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China’s CNR’s 2011 profits grow to USD474.6m

April 12, 2012

(MENAFN) China’s CNR Corporation Ltd. said that in 2011, net profits jumped to USD474.6 million, reported Xinhua News. The country’s second-biggest train maker added that the figure represents an …

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Swiss Roche posts 1% fall in Q1 sales

April 12, 2012

(MENAFN) Roche Holding’s AG chief executive, Severin Schwan, said that in the first quarter, sales slipped 1 percent from the same period a year ago to USD12.05 billion, reported AP. Schwan added …

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Carrefour first-quarter sales soar

April 12, 2012

Carrefour SA, the world’s second-largest retailer, said its first quarter sales soared to 22.5 billion euros from 22.15 billion euros a year ago on the back of the rise in petrol prices. Sales were …

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Nokia stocks drop on loss forecast

April 12, 2012

The Finnish mobile maker, Nokia, warned yesterday that the firm might post two consecutive quarters of losses this year as the competition escalate in the market, where the firm’s products are …

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US Dollar Index Classical Technical Report 04.12

April 12, 2012

US DOLLAR INDEX: The market remains locked in a multi-day consolidation and should continue to chop between the 9,600-10,100 area. Overall, we do retain a bullish outlook given the broader …

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EUR/JPY Classical Technical Report 04.12

April 12, 2012

EUR/JPY: The market is finally in the process of correcting following the latest surge to fresh 2012 highs just over 111.00. From here, we see risks for further weakness towards the 103.00 area, …

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NZD/USD Classical Technical Report 04.12

April 12, 2012

NZD/USD: The market has been locked in a sideways chop over the past several sessions to temporarily delay our bearish outlook. However, any rallies towards 0.8300 are viewed as a formidable …

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USD/CAD Classical Technical Report 04.12

April 12, 2012

USD/CAD: Our constructive outlook remains intact despite the latest interday pullback with the market largely locked in a medium-term consolidation ahead of what we believe will be an eventual …

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USD/CHF Classical Technical Report 04.12

April 12, 2012

USD/CHF: Our core constructive outlook remains well intact with the latest setbacks very well supported by psychological barriers at 0.9000. It now looks as though the market could be looking to …

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Euro Weakens as ECB Monthly Report Warns of Inflation Risk

April 12, 2012

THE TAKEAWAY: ECB monthly report sends mixed message -> Inflation risks seen, but central bank expects inflation to align to forecasts -> Euro drops ahead of release but stabilizes as …

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