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Forex & Commodity Market Overview

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Thursday, April 03, 2014 GOLD Gold slipped after testing $1392 per ounce. On March 19, FED chairperson said that central bank may end its asset purchase program, after this strong reversal seen in yellow metal. Gold prices are once again …

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Gold is cheating?

Gold

Gold bounced from $1180 low. These levels re-appear after three years when we saw worst performance of yellow metal, almost 36% decline from all time high i.e. $1920 per ounce. On last NFP, precious metal fell to $1208 but hold …

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Gold is “Dim” now

Gold

Gold prices posted another low of $1180 during Asian session on Friday. Bearish pattern continuously suppressed the prices of yellow metal as we observed back to back new lows in June 2013. But in US session on Friday gold rebound …

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Gold At Cross Road

Gold

Gold prices are now at a critical cross road. After breach the key support level $1336 and even breaching of previous low $1321, gold prices slipped to enter into $1200 region and currently trading below $ 1300 per ounce. Yellow …

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IMF Saga Falls on President

imf-debt

By Rizwan Razi The International Monetary (IMF) has once again come hard onPakistan. A commoner at street inPakistanmay take it as yet a set of more stiff conditions. No, not at all. This time the cost is the respect of …

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UBS wins dismissal of shareholder lawsuit

(Reuters) – UBS AG won the dismissal Friday of a shareholder lawsuit accusing the Swiss-based bank of misrepresenting its exposure to mortgage-backed securities and its compliance with U.S. tax laws. U.S. District Judge Richard Sullivan in Manhattan issued the ruling. …

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HSBC PMI activity slide raises China Q3 growth risk

Barely four months after the European Central Bank (ECB) began its latest intervention into financial markets, making available a total of €1 trillion at ultra-cheap rates to cash-strapped banks, the European financial system is heading into a new crisis, with …

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How to Save the Global Economy: Cut Defense Spending

Breaking out of the current frustratingly slow growth in the developed world requires a blend of short-term stimulus and longer-term restraint. Unfortunately, in Europe and the United States, we have been following these policies in reverse — constraining public-sector spending …

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World economy needs more aggregate demand

It’s not yet foredoomed that the world economy will undergo a substantial recession in the next three years or so: we might still escape. But governments should play it safe by starting to take more steps now to cushion, soften …

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