The Central Bank of Bangladesh increased its repurchase rate by 50 basis points to 7.75% from 7.25% previously; also lifting the reverse repo rate by...
Bangladesh Bank Lifts Repo Rate 50bps to 7.75%
Source: feedproxy.google.com
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Short Term Weakness Seen In Gold
The price of gold of XAU/USD in the commodities market could be due for a correction in the near term. As you can see from its 4-hour chart...
Gold Finds Comfort in Our 2nd Tier Downtrend Line
By Fast Brokers - Gold continued Monday’s pullback on declining volume has investors locked in profits from the...
Price action taking its toll
Lots of grumbling out there from both the professional and individual trader community today as prices rally and reverse and then slide and reverse. After lots of to and fro but not much new from a fundamental perspective to cling to. The main headlines today (Russia and Brazil cozying up to the...
British Interior Minister Jaqui Smith to step down at next government reshuffle - source
Wires seem to be confirming what we already pretty much knew, that Jaqui Smith is toast. The much loved UK interior Minister is to step down at the next cabinet reshuffle. Cable seemed to rally off the news, or was I imagining it. Cable up at 1.6540. Resistances 1.6550/55 and...
China’s commodity imports still buoyant
Latest data shows that China’s main ports received 13.8 million tonnes of crude oil, up over 5% on the year, and 55.5 million tonnes of iron ore, up 25% on the year. I think this also backs up the claim that China has been stockpiling necessary commodities rather than buying bonds with their...