The Traderszone Network

FXStreet (Bali) – Emmanuel Ng, FX Strategist at OCBC Bank, notes that a breach of 1.7000 in GBP/USD…

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Manik Narain, head of EMEA FX and fixed income strategy at UBS, says the Turkish lira and South African rand could come under pressure from the uptick in oil prices.

SAN FRANCISCO/DETROIT (Reuters) – General Motors Co GM.N recalled three million more cars for ignition switch issues on Monday, roughly doubling the number of GM vehicles with known switch problems in a crisis that has defined the automaker and new Chief Executive Mary Barra this year. GM on Monday recalled 3.36 million midsize and fullsize cars globally with ignition switches that can be jarred out of the “run” position, potentially affecting power steering, power brakes and air bags.

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Apple Inc, criticized in the past for greenhouse gas emissions, use of toxic materials and the hiring of underage workers, has improved its practices and earned better scores from groups such as Greenpeace. That’s good news for environmentally-aware mutual funds that hold Apple for another big reason – it makes money. The Cupertino, California-based maker of the iPhone, the world’s biggest public company by market capitalization, has adopted a slew of green policies such as expanded product recycling and using solar power at its data centers.

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A cut to the IMF’s U.S. growth forecast is a surprise but doesn’t mean that U.S. interest rates will stay low for longer than anticipated, analysts say.

Asian markets trade mostly lower, as Australia is weighed by further falls in mining stocks, while Japanese stocks recover from a sharp fall in the previous session.
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FXStreet (Moscow) – USD/JPY is struggling at 102.00 pivot. The pair set the Asian high at 102.06,…

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