Category Archives: Forex analysis review

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BRAZIL: Senate Authorizes Producer To Sell Ethanol Directly To Fuel Station

Brazil’s Senate has approved a legislation authorizing ethanol producers to sell the fuel directly to the fuel stations. After the 47-2 vote in the Senate, the bill should be voted by the House of Representatives. Proposed by Senator Otto Alencar (PSD-BA), the bill aims to increase competition in the fuel market and lower the final […]

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BRAZIL: Justice Fux To Hear Businessmen, Truckers To Discuss Freight

Brazilian Supreme Court (STF) justice Luiz Fux is expected to hold this morning a hearing on the legality of the schedule for minimum fares for road freight transport. Representatives of the Brazilian government, businessmen, truck drivers and the Attorney General’s Office are expected to take part. Some entities question the constitutionality of the presidential decrees […]

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BRAZIL: STF To Hear On Lula Appeal On Tuesday

The Second Panel of the Brazilian Supreme Court (STF) scheduled for next Tuesday (June 26) the hearing on a request by the defense team of former president Luiz Inacio Lula da Silva against his arrest. Lula is under arrest since April 7 in a case related to an apartment in Guaruji (SP) whose property was […]

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U.S. Existing Home Sales Unexpectedly Drop 0.4% In May

Existing home sales in the U.S. unexpectedly decreased in the month of May, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales fell by 0.4 percent to an annual rate of 5.43 million in May after plunging by 2.7 percent to a downwardly revised 5.45 million […]

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*Crude Oil Rises Near $66

Crude Oil Rises Near $66 The material has been provided by InstaForex Company – www.instaforex.com

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*Gold Stuck Near $1275

Gold Stuck Near $1275 The material has been provided by InstaForex Company – www.instaforex.com

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Philippine Central Bank Hikes Key Rates

The Philippine central bank on Wednesday raised its benchmark interest rate for the second straight month as inflation remains above the target. The Monetary Board of the Bangko Sentral ng Pilipinas, led by Governor Nestor Espenilla, raised the key interest rate, which is the overnight reverse repurchase rate, by 25 basis points to 3.50 percent. […]

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UK Manufacturing Orders Recover In June: CBI

British manufacturing order books recovered in three months to June, the Industrial Trends Survey from the Confederation of British Industry showed Wednesday. A balance of 13 percent said order books were above normal and a 9 percent said export order books remained above normal. Manufacturers expect output growth to slow slightly in the coming quarter. […]