* Trading bands will be widened to 2.5 pct* Bankers say market well prepared* Inflation could prompt dirham depreciation By AzizEl YaakoubiDUBAI, Jan 14 (Reuters) - Morocco's introduction of a more flexible exchange-rate system from Monday could result in only a slight depreciation in the short term, analysts and bankers said, but the dirham could become more vulnerable if commodity prices rise....Read More
CAIRO, Jan 14 (Reuters) - Average yields on Egypt's three- and nine-month treasury bills fell at an auction on Sunday, central bank data showed.Yields on the 91-day bills fell to 18.394 percent from 19.202 at the last sale, while yields on the 266-day bills also fell, to 17.659 percent from 18.573 percent. (Reporting by Arwa Gaballa; Editing by Kevin Liffey) Disclaimer: The views expressed in thi...Read More
MOSS, Norway, Jan 14 (Reuters) - Norway's Conservative-led government has agreed to include the small centrist Liberal Party in the cabinet, expanding it to three parties from two, Prime Minister Erna Solberg said on Sunday.Solberg's government of her Conservative Party and the smaller right-wing Progress Party, had negotiated with the Liberals since the start of January for possible inclusion.Add...Read More
(Repeats story first published on Jan. 12 with no changes to text)By Lewis KrauskopfNEW YORK, Jan 12 (Reuters) - Volatility awaits shares of U.S. construction, engineering, building materials and other companies tied to infrastructure spending, but steel-nerved investors could be poised for gains if they weather a few bumps.The stocks are set to be in focus in the coming weeks as President Donald...Read More
JERUSALEM, Jan 14 (Reuters) - The Israel Securities Authority (ISA) said on Sunday it approved a plan to allow Israeli companies traded in Singapore, Hong Kong and Toronto to easily dual-list on the Tel Aviv Stock Exchange (TASE)."These are markets whose regulatory level is as high as in Israel and dual-listing could encouraging trade on TASE," ISA Chairman Shmuel Hauser said.In 2000, th...Read More
CAIRO, Jan 14 (Reuters) - Egypt's budget deficit for the first half of the 2017-2018 fiscal year starting in July dropped to 4.4 percent from 5 percent last year, a finance ministry statement said on Sunday.Egypt has been looking to tighten control of its finances as it pushes ahead with ambitious economic reforms tied to a $12 billion three-year International Monetary Fund lending programme it ag...Read More
SHANGHAI, Jan 14 (Reuters) - Tianjin Tianhai Investment Co Ltd , a unit of Chinese aviation and shipping conglomerate HNA Group , said on Sunday that media reports that the firm planned to sell Ingram Micro were false.The firm said the company was not involved in a situation as described by Chinese media reports, which said Tianjin Tianhai was looking to sell its U.S. electronics distributor subsi...Read More
DUBAI, Jan 14 (Reuters) - Banking shares helped Saudi Arabia's stock market rise in early trade on Sunday, while Qatar headed for a seventh straight day of gains as investors bought ahead of annual dividend announcements.The Saudi index was 1.0 percent higher after an hour with all 12 listed banks climbing after Saudi Arabia's central bank lifted the maximum loan-to-value ratio for mortgages taken...Read More
CAIRO, Jan 14 (Reuters) - INTEREST RATESLatestLast change PreviousCentral18.75 06/07/1716.75 bank o/n depositCentral19.75 06/07/1717.75bank o/n lendingCentral19.25 06/07/1717.25bank discount rate MONTHLY DATA _____________ Month Pvs Yr agoUrban 21.92623.3consumerDecemberprices(year-on-year,pct change) CoreinflatioDecember19.8625.53 25.86n (year-on-year,pct change) Foreign December37.02036.72324....Read More
DUBAI, Jan 14 (Reuters) - Gulf stock markets may have a slightly firm tone on Sunday in response to positive trends in the oil price and global equity markets, although there is little fresh news within the region to spur buying.Brent oil rose 61 U.S. cents on Friday to settle at $69.87 a barrel, a new 2-1/2 year high, while the Dow Jones Industrial Average climbed 0.9 percent. After the close on...Read More
On Tuesday, I got the chance to ride in a self-driving car — an opportunity only a handful of people in the world have experienced.As I stood outside the Las Vegas Convention Center, home to the Consumer Electronics Show (CES), I hailed a 4.4 mile Lyft to the Aria Hotel.But what started as an ordinary ride soon turned extraordinary with a single pop-up asking if I wanted to try out a self-dr...Read More
That was fun. Since mid-December gold has behaved like a tech stock, jumping from $1,240/oz to $1,337 and carrying a long list of gold mining stocks along for the ride. Now everybody’s asking the same question: Is this finally the start of the long-overdue run at gold’s (and silver’s) 2011 record high, or just a case of futures speculators once again panic-buying themselves into...Read More
That was fun. Since mid-December gold has behaved like a tech stock, jumping from $1,240/oz to $1,337 and carrying a long list of gold mining stocks along for the ride.Now everybody's asking the same question: Is this finally the start of the long-overdue run at gold's (and silver's) 2011 record high, or just a case of futures speculators once again panic-buying themselves into an untenable long p...Read More
It doesn't look like it in the Dow Jones' Bear's Eye View (BEV) chart below, but in the past three weeks the venerable Dow has increased 1,100 points (4.39%). Three Fridays ago the Dow Jones closed with a 24K handle. Two weeks later it has almost blown through 25,000, closing the week at 25,803. When a market series makes ninety-four new all-time highs in only fourteen months, things like this hap...Read More
Both Gold and GDX surged to a new high on Friday, shifting the odds towards a right translated Trading Cycle #1 (TC1). This is not surprising as the first TC of any new Intermediate Cycle never fails by making a lower low. If it does then then by definition it's still part of the previous Intermediate Cycle. My normal TC timing band for Gold is 20-29 days but the first Trading Cycle out of a Y...Read More
"You are listening to WGGW: When Gold Goes Well" ... To state that gold is going well when 'tis trading at half the market value it ought be is a bit of a stretch. In fact, as "bulled up" as gold aficionados appear to be through these first nine trading days of the year, price being +2.5% is actually the second weakest "nine starting days performance" of the past five years. Yet in a positive sens...Read More
TOPICS IN THIS INTERVIEW:01:50 Gold's corrupted price and the economic situation09:35 Cryptocurrencies becoming the hedge against globalist price manipulation?19:45 US economic repercussions23:00 "We've had to rely on financial bubbles and busts"24:15 Artificial Intelligence and the implications on the economy33:05 Risks with A.I in the future43:25 Closing thoughts and where to find out more infor...Read More
Click here for the full transcript: http://financialrepressionauthority.c...Yra Harris is a trader with over 32 years of experience in all areas of commodity trading, with broad expertise in cash currency markets. He has a proven track record of successful trading through combination of technical work and fundamental analysis of global trends; historically based analysis on global hot money flows....Read More
Gold is positioned for a major breakout in 2018 and the gold stocks and Silver are not far behind. We analyze 6 different charts and the key resistance levels these markets could test very soon.Read More
In today's first "Crypto AudioBlog" installment, Andy gives his current world view of legacy financial markets; cryptocurrency in general; and of course, Bitcoin. Follow him at @Andy_Hoffman_CG, or try a Free 7-Day Trial of his 24/7, Bitcoin-focused blog, at CryptoGoldCentral.comAndrew ("Andy") Hoffman owns a subscription-based website, CryptoGoldCentral.com, which offers readers Andy's daily thou...Read More