Category Archives: Forex analysis review

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BRAZIL: Stocks Rise For The Fifth Straight Session As Ibovespa Hits New Record

The return of foreign investors to the Brazilian stock market and bets that the government will turn its attention to the privatization of state-owned companies led the Ibovespa higher for the fifth consecutive trading session on Tuesday. The benchmark stock market index in Brazil rose 1.19%, to 85,803.96 points, setting a fresh record closing level. […]

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BRAZIL: Steel Distributors May Increase 2018 Domestic Sales Growth Estimate

The Brazilian Institute of Steel Distributors (Inda) estimates that steel sales in the country can grow more than the initial projection of a 5% increase in 2018. “If the first two months confirm a good growth, this 5% projection should be behind us. We are going to grow 7% to 8% this year, but we […]

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BANCO MACRO: Profit Rises 78% In 4Q17 To 3,01 Billion Pesos

Argentina’s Banco Macro net profit rose 78% in the fourth quarter of 2017 from a year before, to 3.012 billion pesos (US$ 151.8 million), boosted by higher fee revenue and a more substantial net financial income. Macro’s net financial income rose 66% in the last quarter of 2017, to 7.042 billion pesos, while net fee […]

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Pound Falls As U.K. Jobless Rate Increases

The pound weakened against its key counterparts in early European deals on Wednesday, following a data showing an uptick in U.K. jobless rate in the fourth quarter. Data from the Office for National Statistics showed that the ILO unemployment rate rose by 0.1 percentage points to 4.4 percent in three months to December. In the […]

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GBP/USD bouncing above major support, remain bullish for a push up

The price has started to form a nice bullish configuration. We look to buy above major support at 1.3120 (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.3236 resistance (Fibonacci retracement, Fibonacci extension, horizo…

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GBP/USD bouncing above major support, remain bullish for a push up

The price has started to form a nice bullish configuration. We look to buy above major support at 1.3120 (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.3236 resistance (Fibonacci retracement, Fibonacci extension, horizo…