General World News

The best credit card to have if you want cash back rewards

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The holiday season can lead many people to overindulge — whether it’s eating more than you should, drinking one too many holiday beverages, or overspending on gifts, travel, and entertainment. Now that we’re in the new year, you may find yourself, like many Americans, setting resolutions focused on saving money and paying off bills. But […]

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Eurozone Inflation Holds Steady at Low Rate of 0.2 Percent

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Lower energy costs kept a lid on inflation across the 19-country eurozone economy in December, official figures showed Tuesday, in a development that could buoy consumers but frustrate policymakers at the European Central Bank eager to see more substantial price rises. In an initial estimate, the European Union’s statistics agency found that annual consumer price […]

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LIVE: The big automakers reveal their sales (F, GM, TM, FCAU)

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Throughout the day, the world’s big automakers will announce their December US sales stats. Analysts estimate the pace of sales declined to an annualized rate of 18.0 million units. “Since bottoming in February 2009 at an annualized 9.04­ million unit pace, total motor vehicle sales have consistently increased over the past 7 years, currently standing […]

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What low oil means for the Middle East

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Marc Ostwald, Market Strategist for ADM Investor Services, joined Nick Batsford and Zak Mir on the Tip TV Finance Show in order to discuss the breakdown in relationship between Iran and Saudi Arabia, and the effect which low oil prices will have on the Middle East and this strained relationship. Topics Covered: Iran, Saudi Arabia, […]

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Investors Fear Global Contraction; Stocks Sell Off

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Global stocks dropped like a ‘lead balloon’ on Monday — never even looked back from the min the mkts opened……renewed worries over Chinese economic conditions — likely confirming a contraction and the way the mkts reacted it is expecting a ‘global contraction’….and this caused investors to ‘exit’ the Chinese mkt in droves — which then […]

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Admiral Markets launches web-based MT4 offering

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Forex Broker Admiral Markets now offers a web based Meta Trader 4 experience for its traders. More details from the official press release: Admiral Markets, Forex and CFD broker now offers a browser-based version of the world’s most popular trading platform – MetaTrader 4. Designed to provide traders with high flexibility, MT4 WebTrader allows hassle-free […]

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Elliott Wave Analysis on EURUSD and AUDJPY

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EURUSD EURUSD is moving south but the pair may be looking for some support near 1.0750 as we see a price action in the fifth wave showing a decline of an impulsive structure from 1.0947. In that region we also see a 161.8% extension of wave 2/B which can also react as a support, but […]