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Wheat indicates reversal on higher import prices in Egypt
Between September 2015 and March, 2016, the Chicago wheat futures price had declined about 20% or $1 per bushel to trade at $4.425 per bushel. However, the global demand and supply data indicates that the wheat futures price has bottomed
Read MoreIndia Launches Campaign To Attract Investors To Startups
The Narendra Modi government has come under a lot of criticism for many of its policies but one of the biggest achievements of Modi and his government has been the emphasis put on creating and developing new opportunities for business
Read MoreSony To Resume Downtrend On Declining Revenue Concerns
The shares of Sony (SNE) had risen by about 20% to $23.62 in less than two months. The uptrend was mainly due to an impressive fiscal 2015 third-quarter earnings. However, a close look at the third quarter results would enable
Read MoreEuro Signals Downtrend On Further Monetary Stimulus
Low crude prices and sanctions against Russia for the latter’s interference in Ukraine enabled the EURRUB to hit a historical high of 95.5310. However, the recovery in the price of crude enabled the Russian Ruble to strengthen against the EUR.
Read MoreCentral Bank Of Egypt Eases Forex Caps For Corporations
As a measure to improve liquidity in Egypt’s economy, the Central Bank of Egypt has decided to remove the caps that were applicable on foreign exchange deposits and withdrawals by companies that import essential goods. The 2011 uprising in the
Read MoreRussian Ruble strengthens on higher crude oil prices
Russia, which is geographically the largest country in the world, saw its currency exchange rate crash to a low of RUB 85.9097 against the US dollar in January 2016. However, the Russian Ruble showed enormous resilience to bounce back to
Read MorePalladium signals uptrend on rise in automobile sales
Palladium, which is a crucial constituent of auto catalysts in gasoline vehicles, lost about $370 in the past one year to touch a low of $451 in January 2016. Since then, the price of the palladium has recovered slightly to
Read MoreSilver Turns Bullish As China Piles Up Reserves
The price of precious and industrial metal Silver fell approximately 27% to $13.61 in 2015, before recovering to hit $15.5 in March 2016. While the yellow metal continues to forge ahead in an unabated manner, silver continues to meet heavy
Read MoreRevenue prospects from Imbruvica drug turns J&J bullish
Diversified healthcare and pharmaceutical company Johnson & Johnson (JNJ) had a troublesome fiscal 2015 due to reforms in the prescription drug business, the negative impact of currency volatility and persisting weakness in the medical device weakness. Fundamentally, the New Brunswick
Read MoreSNB Might Take Aggressive Measures To Counter Currency Rise
Market analysts are expecting that the Swiss National Bank (SNB) which is Switzerland’s national bank will soon take aggressive action to regulate the steady increase in the value of the Swiss currency. Triggered by the recent volatility, the Swiss franc
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