An AIC report about the fourth quarter of 2011, projected economic growth in 2011 to be seven percent with a suprlus in the foreign current account of USD 279 billion. Crude oil production rose by 2.1 million barrels per day (bpd) last year to reach … 39 Vote(s) Read More GCC foreign assets exceed USD [...]
Equities levitated today but on the lowest volume in over a month. Structure across ‘risk’ FX pairs and the S&P future suggests that the advance may extend for 1 or 2 more days before reversing. Read More Risk Assets at 4 Week Highs Rally is Suspect
The Chinese yuan fell today as the central bank set the reference rate for the currency lower for the first time in six day after the European leaders failed to reach an agreement about measures for fighting the debt crisis.(…)Read the rest of Yuan Goes Down as Europe Saps Demand for Asian Assets (66 words) Posted on Forex News. Read More Yuan Goes Down as Europe Saps Demand for [...]
We start this week with a toxic mix of negative headlines and data that has caused equities in Asia and Europe to trade sharply lower. Oil prices were down 2.6% and investors sounded a retreat from higher yielding but riskier currencies like the EUR and commodity currencies like the AUD. Read More Week Starts with [...]
The Japanese yen weakened today, falling to the lowest level in almost three week, as the economic growth in the US and across rest of the world makes higher-yielding assets more preferable for investors than safer ones.(…)Read the rest of Japanese Yen Falls as Investors Prefer Higher Yielding Assets (141 words) Posted on Forex News. Read More Japanese Yen Falls as Investors Prefer Higher Yielding Assets
The Malaysian ringgit, together with some other Asian currencies, fell today as the threat of the radiation contamination from the damaged nuclear plant in Japan curbed attractiveness of the Asian assets.(…)Read the rest of Malaysian Ringgit Falls as Japan Reduces Demand for Asian Assets (75 words) Posted on Forex News. Read More Malaysian Ringgit Falls as Japan Reduces Demand for Asian Assets
Read More Gold ReCouples With Risky Assets, Looks to FOMC for Direction
This week was volatile for the Australian dollar, but it generally declined against most other major currencies as the concern for the economic growth continues to haunt the markets.(…)Read the rest of Australian Dollar Falls This Week on Poor News for Riskier Assets (187 words) Posted on Forex News. Read More Australian Dollar Falls This Week on Poor News for Riskier Assets
The Australian dollar fell today as the signs of the slower economic growth, particularly in the US and China, damped the demand for the riskier currencies.(…)Read the rest of Aussie Weakens on Reduced Demand for Riskier Assets (130 words) Posted on Forex News. Read More Aussie Weakens on Reduced Demand for Riskier Assets
The Russian government is to raise $29bn (?18.5bn) by selling off stakes in a host of its state-run corporate powerhouses in order to reduce its growing budget deficit. Read More Russia to sell 29bn of state assets to cut deficit
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