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Daily Forecast - 17/2/2010

The release of the RBA board minutes saw a fairly muted reaction initially on the AUD/USD as it drifted around the 0.8890 level before popping through the 89 cents in Asian afternoon trade.

Earnings, economic optimism boost Wall Street

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U.S. stocks posted their biggest daily percentage gain in three months on Tuesday after strong revenue from drugmaker Merck and regional manufacturing data instilled confidence in the economic outlook.

Bank tax idea gains traction, still ill-defined

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World leaders want banks and financial firms to pay up for government interventions -- past and future -- to stabilize the international financial system. While details are sketchy, some form of bank balance sheet tax appears to be gaining ground.
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Barclays profit tops $18 billion

Barclays Plc beat forecasts with a near doubling of profits in 2009 to 11.6 billion pounds ($18.2 billion), cheering investors with an improved balance sheet and boosting shares across the sector.
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Stocks, euro rise; Greek worries persist

European shares gained on Tuesday after UK bank Barclays beat profit forecasts, and the euro rose against the dollar as European finance ministers put more pressure on Greece to resolve its fiscal problems.
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Iraq has top terror risk, Thai danger up: ranking

Iraq is the country most at risk from terrorist attacks for the second straight year, according to a ranking by global analysts Maplecroft, while Thailand has joined the nine countries most in danger for the first time.
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Daily Forecast - 16/2/2010

In what was a very lacklustre Asian session yesterday the Aussie dollar traded sideways between 0.8860 and 0.8880 for the majority of the day as local investors searched for inspiration.
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HSBC seeks big growth, sukuk pickup in 2010

HSBC expects double-digit revenue growth this year in its Amanah Islamic banking division and more sukuk mandates than in 2009, Razi Fakih, deputy chief executive of Amanah told Reuters.
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FTSE up 0.8% as banks, commods rally; U.S. closed

Britain's top share index gained 0.8 percent by midday on Monday, as banks and commodities rallied following the previous session's falls and British Airways climbed on hopes of a global alliance.
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Japan finmin tests waters for sales tax debate

Japanese Finance Minister Naoto Kan said he was open to debating sales tax reform, suggesting the government may consider raising the tax to help fund its spending programs focused on supporting households.
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Daily Forecast - 15/2/2010

The Aussie dollar collapsed in early European exchange following the announcement from the PBOC to lift the reserve ratio required by banks by 0.5%, a move aimed at limiting asset bubbles which will also have the effect of slowing economic growth in China.
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Full Winter Olympics TV Schedule 2010

The Vancouver Olympics kicks off tonight, and already more than 60,000 people are there to witness the Olympic cauldron being lit in BC Place stadium during the opening ceremony. Below is a breakdown of the Full Olympics Schedule of 2010:
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EU welcomes Ukraine's Yanukovich

NATO and the European Union's new president joined U.S. President Barack Obama in congratulating Viktor Yanukovich on Friday on his election in Ukraine, as the West looked to extend a hand to the Moscow-leaning leader.
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European stocks dip on GDP data and China tightening

European stock indices are losing steam before the opening of the U.S. session as member nations reported less than stellar Gross Domestic Product (GDP) numbers and news of China tightening shook world markets.

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