Fara Wave

The US dollar has spent the past week consolidating within thin ranges, as low volumes did little to spark directional trade. This left the greenback down 1 percent against the euro and up roughly 1.5 percent versus the British pound and Japanese yen by Friday’s close. In the coming week,…
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The US dollar has spent the past week consolidating within thin ranges, as low volumes did little to spark directional trade. This left the greenback down 1 percent against the euro and up roughly 1.5 percent versus the British pound and Japanese yen by Friday’s close. Meanwhile, the US dollar…
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A holiday-shortened week found no Santa Claus rally this year, as equities slipped, treasury yields flattened further, and the US dollar resumed its weakening trend. Early surveys of Christmas sales from retailers were mixed but tended toward gloomy-SpendingPulse estimated that December retail sales through the 24th were down 4% versus…
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Buying a few gold coins or the odd mini-ingot and hiding them away has been a successful investment strategy over the past five years. Even in the annus horribilus of 2008 investors who chose gold over other asset classes have been well protected while others have seen their wealth decimated. US dollar gold prices have [...]

Dubai stocks plunged 5.5 per cent today back down to the previous low of 1,800 amid worries about declining oil prices, a local house price crash and continued poor liquidity in the banking sector.
This is almost a perfect storm with the Dubai Financial Market down by more than 70 per cent this year, making it [...]