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Otmane El Rhazi's Assets Management

Aussie revival

Economics by Otmane El Rhazi : The Australian dollar has been one of the more heavily shorted currencies in recent months given that the Reserve Bank of Australia has consistently talked the Aussie down and the commodity complex has been steadily grinding lower. The Australian mining industry has been suffering as the Chinese economy continues to rapidly slow down. Iron ore prices are now around 70% lower than they were four years ago and 20% down in 2015 alone as demand for steel has fallen off a cliff. The price…Regards,Otmane El RhaziBusiness Assets ManagementForex & Equity TradingText/Mobile, +44 7414 782 320 RISK DISCLOSURE STATEMENT PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE.

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Otmane El Rhazi's Assets Management

Interest rates in focus

Economics by Otmane El Rhazi : A big week for markets on both sides of the Atlantic with the Bank of England’s all important day on Thursday where we see for the first time a hat trick of data in the form of the Inflation Report, the interest rate decision and at the same time the minutes and voting results, whilst on Friday the US nonfarm payroll is the penultimate release ahead of next month’s FOMC meeting where many see the Fed hiking interest rates for the first time in over nine years. In the past it was normal for the…Regards,Otmane El RhaziBusiness Assets ManagementForex & Equity TradingText/Mobile, +44 7414 782 320 RISK DISCLOSURE STATEMENT PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE.

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Otmane El Rhazi's Assets Management

Inflation nowhere to be seen

Economics by Otmane El Rhazi : The last trading day of the month, which does bring risk of choppier than normal trading as institutional investors re-balance portfolios and funds adjust to fit around month end performance statistics. The standout yesterday was the weaker euro, given that the single currency has been holding up relatively well earlier in the week. Falling bond yields were playing a part, together with more negative headlines surrounding Greece from the IMF, although it’s no surprise to see that they remain…Regards,Otmane El RhaziBusiness Assets ManagementForex & Equity TradingText/Mobile, +44 7414 782 320 RISK DISCLOSURE STATEMENT PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE.

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