Monthly Archives: December 2013


Oil falls in quiet session on talk of Libyan exports rising

Investing.com – Oil prices edged lower on Monday on expectations for Libya to increase its oil exports, while investors shrugged off a solid U.S. consumer confidence report in a quiet session.

On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in February traded at USD98.65 a barrel during U.S. trading, down 0.64%. New York-traded oil futures hit a session low of USD98.17 a barrel and USD99.39 a barrel.

The February contract settled at USD99.29 on Monday, down 1.03%.

Nymex oil futures were likely to find support at USD98.17 a barrel, the earlier low, and resistance at USD99.39 a barrel, the earlier high.

Expectations for Libyan oil exports to resume to near normal levels sent prices falling Tuesday due to the added supply they’d bring to the global market.

Libyan oil operations faced glitches recently due to protesters disrupting production at various oilfields.

Expectations for increased exports from South Sudan also nudged prices lower.

Trading volumes were thin as many investors already closed books before the end of the year, reducing liquidity in the market and increasing volatility, which helped exaggerate market moves.

Elsewhere, solid consumer confidence data did little to boost the commodity, which was still on track to finish 2013 up around 6%.

The Conference Board reported earlier that its index of U.S. consumer confidence improved to 78.1 in December from 72.0 in November, beating consensus forecasts for a 76.0 reading.

Also Tuesday, the Standard Poor’s/Case-Shiller 20-city home price index rose at an annualized rate of 13.6% in October from a year earlier, the strongest pace since February of 2006 and above forecasts for an increase of 13.0%.

Separately, industry data revealed that the Chicago purchasing managers’ index fell to a seasonally adjusted 59.1 this month from 63.0 in November. Analysts had expected the index to decline to 61.0 in December.

Elsewhere, on the ICE Futures Exchange in London, Brent oil futures for February delivery fell 0.44% to trade at USD110.73 a barrel, while the spread between the Brent and U.S. crude contracts stood at USD12.08 a barrel.


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The Big Call for Tuesday December 31st is at 9PM ET  

The Big Call for Tuesday December 31st is at 9PM ET   

Join us tonight as we bring in the NEW YEAR and discuss the latest info on the IQN and VNN…also if you would like to be part of the BIG CALL MINISTRY …we will launch our first TAP (The Abundance Project) CALL on WED 1/1/14 at 9pm ET use the Big Call numbers below…  

Participant Line is 559-726-1150
Listener Only line 530-881-1150

No access code is needed for either line. Q and A is still working fine  

Playback number: (559)726-1159 access code 123456#

Link will be given to Dinar Recaps following the call.  

Thank you for posting. We appreciate Dinar Recaps for the wonderful effort they make! We will miss you when it is time to move on!  

The Big Call

Forex

Investing.com – The dollar traded mixed to higher against most major currencies on Tuesday after widely-watched consumer confidence data beat expectations and cemented expectations for the Federal Reserve to continue scaling down stimulus programs in 2014.

In U.S. trading on Tuesday, EUR/USD was down 0.30% at 1.3759.

The Conference Board reported earlier that its index of U.S. consumer confidence improved to 78.1 in December from 72.0 in November, beating consensus forecasts for a 76.0 reading.

Also Tuesday, the Standard Poor’s/Case-Shiller 20-city home price index rose at an annualized rate of 13.6% in October from a year earlier, the strongest pace since February of 2006 and above forecasts for an increase of 13.0%.

The data confirmed expectations for the Federal Reserve to continue winding down stimulus programs such as its USD75 billion in monthly bond purchases next year and let the economy stand on its own feet.

Fed bond purchases tend to weaken the dollar by driving down interest rates to spur recovery.

Capping the dollar’s gains, however, were industry data revealing that the Chicago purchasing managers’ index fell to a seasonally adjusted 59.1 this month from 63.0 in November. Analysts had expected the index to decline to 61.0 in December.

The greenback was down against the pound, with GBP/USD up 0.37% at 1.6560.

Demand for the pound was strong due to recent weeks of positive U.K. economic reports, which fueled expectations on Tuesday for the Bank of England to raise interest rates ahead of other central banks.

Optimism for BoE policy shifts overshadowed solid U.S. consumer confidence data.

The dollar was up against the yen, with USD/JPY up 0.09% at 105.24, and up against the Swiss franc, with USD/CHF up 0.42% at 0.8914.

The dollar was down against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.17% at 1.0629, AUD/USD up 0.30% at 0.8932 and NZD/USD trading up 0.32% at 0.8230.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.16% at 80.30.


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Happy New Years!

All of us at Iraq dinar wish all our readers a Happy and Safe New Year. May all your dreams and wishes come true in the New Year! Lets not let EMS or the police be our ride on this Wonderful New Years.

STEVE UPDATE, 31 DEC

Hi everyone,
Just another short update from across the pond about the normal banks looking at foreign currency. 
As all systems go to speed everything in to the New Year I thought that I would nip into my main city branch of the Nat West where I have a couple of accounts. I went in at about 1.35pm GMT ( 8.35am EST USA ) & checked on the present rate for the Kuwait & Iraq currency to see if there

Iraqi Dinar Guru 12-31-13 Chats…

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Finance: the budget will be approved despite retreating

Finance: the budget will be approved despite retreating Minister of Finance Agency purity of net debt to “budget for fiscal 2014 will begin a short time and normally despite the withdrawal of Congress coalition united from the political process.”Safi said that “legislation of the budget is an urgent need for the completion of projects that […]

Deputy Governor for Economic Affairs: Basra will witness

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