Thursday , March 28 2024

TimeLine Layout

March, 2016

  • 3 March

    ISIS ‘making millions’ by gaming forex markets

    FILE - This undated file image posted on a militant website on Jan. 14, 2014, shows fighters from the Islamic State group marching in Raqqa, Syria. T (AP Photo/Militant Website, File)

    The militant group that calls itself Islamic State (ISIS) is exploiting national banking operations in Iraq and could be making up to $25 million a month in Middle Eastern money markets, according to experts. Speaking to a U.K. parliamentary subcommittee set up to examine how Britain could help disrupt ISIS ...

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  • 2 March

    Is it time to trade Gold?

    4241653-gold

    Here is a fun fact: spot Gold has made a larger range in February 2016 than it did during any other month since August 2013, which is two and a half years ago. It seems as if volatility has returned to this market, and volatility means traders have a good ...

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  • 2 March

    5 Forex Trading Tips You Might Not Read in Book

    TradeRoom

    Trading Forex, or any other financial instrument for that matter, requires learning. A lot. You need to acquire new skills, continually research market conditions, learn how to analyze trends, evaluate your trades, etc. There are hundreds of courses available to teach you the technical aspects of trading, but the following ...

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  • 2 March

    Bank of Russia: Ready to use forex swap with PBOC

    Russian Markets

    MOSCOW–Russia and China have agreed to open a bilateral foreign-exchange swap line to boost trade and investment cooperation, the Bank of Russia said Wednesday. The Bank of Russia said the two parties successfully tested forex swaps in 2015 and were ready to enact the forex swap if needed. Earlier, Russia ...

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  • 2 March

    EUR/USD bullish attempt stalled near 1.0880

    949_Forex-Trading-Basic-Candlestick-Definitions

    The single currency has attempted a bull run to the area of 1.0880, although the up move run out of vigour and prompted EUR\USD to return near 1.0860. EUR/USD choppy ahead of ADP The pair remains within a 30-pip range for the time being, meandering between 1.0850 and 1.0880 following ...

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  • 2 March

    ISM Manufacturing PMI beats with 49.5 – USD advances

    EUR/USD exchange rate concept (detailed close-up shot)

    Finally some partially positive news from the US manufacturing sector: a score of 49.5 points in the ISM Manufacturing PMI. This is still in negative territory (under 50) but better than expected and with a better employment component.  The US dollar is rising but certainly doesn’t get too far. The ...

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  • 2 March

    Global stocks rally as global slowdown fears fade

    Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, March 1, 2016. REUTERS/Staff

    World shares and bond yields rose on Wednesday as the recent recovery in oil prices and a batch of positive economic data from Australia to the United States calmed fears of a global economic slowdown. Asian stocks hit a two-month high, Japan’s and China’s main indices both rose more than ...

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  • 2 March

    Asia stocks rise as risk appetite returns

    AsianMarkets

    The happy mood continues with the Australian and Canadian dollars both enjoying positive GDP reports. EUR/USD remains under pressure and USD/JPY is marching forward. Will these trends extend? Join me for a live market open, hosted by FXStreet: walking though recent developments and their impact on currencies, going through charts of majors, minors and crosses, previewing [...]

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  • 1 March

    Australian Q4 GDP preview – ANZ

    A man is reflected in a logo for the Australia and New Zealand Banking Group Ltd (ANZ) as he walks past a branch located in a Sydney suburb February 17, 2015. ANZ on Tuesday posted a 3.5 percent rise in first-quarter cash profit, warning that 2015 was shaping up to be a "slightly tougher, more volatile" environment. ANZ reported cash profit of A$1.79 billion ($1.39 billion) for the three months to Dec. 31, compared with A$1.73 billion a year ago, led by a strong domestic performance, while lower trading income and higher expenses hurt revenue growth.  REUTERS/David Gray     (AUSTRALIA - Tags: BUSINESS LOGO) - RTR4PV6V

    The ANZ Economics Team is forecasting a 0.5% q/q increase in Australia’s Q4 GDP today vs 0.4% expected, which would suggest that growth remains modestly below trend. key Quotes “ANZ is forecasting a 0.5% q/q increase in Q4 GDP (mkt: 0.4% q/q) following the 0.9% q/q rise in Q3. Year ...

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  • 1 March

    Big manufacturing PMI day in Europe and US – Danske Bank

    DanskeBank

    Research Team at Danske Bank, suggests that today is the big manufacturing PMI day in Europe. Key Quotes “On the back of the fall in the euro area PMI figures last week, the direction of change for Spain and Italy is already set and we expect to see a solid ...

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