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Monthly Archives: July 2017

Saudi Arabia Cuts Oil Exports as OPEC Looks to Stem Crude-Price Slide, By  Georgi Kantchev,   Nathan Hodge and   Benoit Faucon

Country’s energy minister blasts cartel members for ‘overproducing’  ST. PETERSBURG, Russia—Internal discord among OPEC members and big oil-producing allies spilled into public view Monday as the group struggles with its efforts to raise prices for crude. Until now, the Organization of the Petroleum Exporting Countries had largely blamed low prices on U.S. …

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FxWirePro: xag/usd hovers around key support at $16.40 mark, sustained close below targets $16.12 mark

  XAG/USD is currently trading around $16.42 marks. It made intraday high at $16.48 and low at $16.42 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.57 mark. A daily close above $16.45 will test key resistances at $16.57/$16.68/$16.75/$16.88/$17.00/$17.08/$17.22/$17.49/$17.68 marks respectively. On the other side, …

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Dubai Set to Achieve Goal of Becoming First Blockchain Government by 2020, by Rebecca Campbell

Dubai is quickly achieving its goal of becoming the world’s first blockchain-powered government to utilize the technology for all transactions by 2020. Speaking at the recently held CIOMajlis (Chief Information Officer’s) session on ‘Blockchain Technology,’ Ahmad Al Mulla, chairman of CIOMajlis, said: Dubai is a frontrunner in adopting the latest technology and …

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FxWirePro: EUR/JPY extends grind below weekly 200-sma, finds support at 129.28 (weekly 5-sma)

  EUR/JPY is extending consolidation phase below weekly 200-SMA at 130.60. We see further bullishness only on break above. Political uncertainty in the US keeps risk-off in markets, supporting the yen on one hand. While on the other, weak Japanese manufacturing growth and reduction in JGB purchases by the BoJ …

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