Category: Dinar Daddy

Ebadi intends to hold Ministerial Reduction

The PM-designate, Haider al-Ebadi, assured his intention to hold the Ministerial Reduction.

Ebadi said in a press statement “There are several priorities for the next government such as eliminating the corrupted officials and reduce the costs of the ministries in the next budgets by reducing the number if the ministries.” /End/

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CFTC Commitments of Traders

Investing.com –

Investing.com – The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending August 12 on Friday.

Speculative positioning in the CME currency futures:

 
 
 
 
Long
Short
 
Net
Prior
Change
Gross
Change
Gross
Change
EUR
-126.0k
-128.7k
2.7k
51.6k
-3.6k
177.6k
-6.3k
GBP
18.8k
12.1k
6.7k
65.3k
-1.1k
46.5k
-7.8k
JPY
-81.1k
-95.4k
14.3k
12.5k
2.6k
93.6k
-11.7k
CHF
-17.4k
-18.9k
1.5k
5.2k
-4.0k
22.6k
-5.5k
CAD
18.0k
21.5k
-3.5k
44.1k
-4.9k
26.1k
-1.4k
AUD
29.5k
33.3k
-3.8k
54.7k
-6.2k
25.1k
-2.4k
NZD
13.4k
14.5k
-1.1k
17.9k
-1.0k
4.5k
0.0k
MXN
0.0k
32.4k
-32.5k
51.9k
-25.6k
52.0k
6.9k



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KRG Requests Heavy Weapons

In an interview with BBC, Masrour Barzani, the Head of the Kurdish Security Council, has requested that the international community supply Kurdish security forces with heavy weaponry.
Barzani once again emphasized that there was no need for foreign military intervention with ground troops.
“We need more modern weaponry. We need heavy armor, we need effective weapons that can be effective against the force ISIS seized over the last month,” said Barzani.
His statement came out following a previously planned rescue operation for Yazidis trapped by advancing Islamic State of Iraq and the Levant (ISIL) forces.

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Kurds Announce International Military Support

Kurdish security forces have announced that a military airport will open in Erbil that will be the receiving point for international military assistance to the regional government. Iraqi, Kurdish and American forces will jointly operate the airbase.
While the Kurdish security forces have already received weapons from the United States, they have also received pledges of arms support from Canada, France, Italy, Finland, the United Kingdom, and Germany.
Weapons training from the respective supply state will also occur before the weapons are given to frontline Kurdish forces.

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Gold falls on soft Asian demand, Ukraine conflict supports

Investing.com –

Investing.com – Gold prices fell on Friday due to weak demand in Asia, though escalating tensions in Ukraine brought the yellow metal off session lows.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,304.70 a troy ounce during U.S. trading, down 0.84%, up from a session low of $1,293.80 and off a high of $1,316.40.

The December contract settled up 0.09% at $1,315.70 on Thursday.

Futures were likely to find support at $1,283.30 a troy ounce, the low from Aug. 5, and resistance at $1,321.80, Thursday’s high.

Gold prices fell on Friday as soft demand for spot gold in India and China offset news of fresh military conflicts in Ukraine.

Gold has served as a hedge to geopolitical pressures in recent sessions, though weak Asian demand kept the precious metal in negative territory despite soft data in the U.S., which normally supports the asset.

The preliminary Thomson Reuters/University of Michigan consumer sentiment index ticked down to a nine-month low of 79.2 in August from 81.8 in July. Analysts had expected the index to rise to 82.5 this month.

Separately, the New York Federal Reserve said that its Empire State manufacturing index fell to a four-month low of 14.69 this month, from a reading of 25.60 in July, worse than expectations for a decline to 20.0.

Data also showed that U.S. producer price inflation rose 0.1% on year last month, in line with expectations, after a 0.4% increase in June.

Core producer price inflation, which excludes food, energy and trade, rose 0.2% in July, in line with market projections, and after a 0.2% gain the previous month.

A separate report showed that U.S. industrial production rose 0.4% in July, beating expectations for a 0.3% gain.

Meanwhile, silver for September delivery was down 1.89% at $19.530 a troy ounce, while copper futures for September delivery were up 0.49% at $3.106 a pound.

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Maliki tells Security Forces to avoid interfering in politics

The outgoing Prime Minister Nuri al-Maliki vowed on Thursday evening to uphold his oath to defend Iraq and its people and point out that Iraq and its constitution was targeted by recent events, not al-Maliki.

al-Maliki said, in a televised speech in the presence of the designated Prime Minister, Haider al-Abadi, and members of the State of Law Coalition, that “I knew very well that I was not targeted in particular, but Iraq and its constitution. I have made efforts to thwart plots which target Iraq’s unity,” noting that, “I must correct any defects in respect to the trust given to me by the Iraqi people.”

al-Maliki said, “I will remain a soldier and defend the great Iraq and its people. I will support them and uphold my oath.”

al-Maliki said “I wish to thank the Iraqi armed forces, security agencies, volunteers and tribal forces. I advise them to focus on confrontation with our enemies and avoid interference in politics and sectarianism.”

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U.S. stocks mixed on fresh Ukraine tensions; Dow falls 0.30%

Investing.com –

Investing.com – U.S. stocks finished Friday mixed after a fresh flare up in the Russia-Ukraine conflict spooked investors, though bottom fishing took equities indices off earlier lows.

At the close of U.S. trading, the Dow 30 fell 0.30%, the SP 500 index fell 0.01%, while the NASDAQ Composite index rose 0.27%.

The Volatility SP 500 index, which measures the outlook for market volatility, was up 5.88% at 13.15.

Events unfolding in Ukraine sent stocks falling hard earlier Friday.

Ukrainian said its artillery destroyed a portion of a Russian column of armored vehicles inside Ukraine, which rattled nerves in markets globally.

Russia said the reports were untrue, denying that armored vehicles were in Ukraine, which allowed stocks to come off earlier lows in a session that saw hefty swings due uncertainty and in part to low trading volumes.

Mixed data kept stocks prices largely in negative territory, though bottom fishing brought tech stocks in particular back into positive territory.

The preliminary Thomson Reuters/University of Michigan consumer sentiment index ticked down to a nine-month low of 79.2 in August from 81.8 in July. Analysts had expected the index to rise to 82.5 this month.

Separately, the New York Federal Reserve said that its Empire State manufacturing index fell to a four-month low of 14.69 this month from 25.60 in July, worse than expectations for a decline to 20.0.

Data also showed that U.S. producer price inflation rose 0.1% on year last month, in line with expectations, after a 0.4% increase in June.

Core producer price inflation, which excludes food, energy and trade, rose 0.2% in July, in line with market projections, and after a 0.2% gain the previous month.

A separate report showed that U.S. industrial production rose 0.4% in July, beating expectations for a 0.3% gain.

Leading Dow Jones Industrial Average performers included Coca-Cola Company (NYSE:KO), up 1.75%, Microsoft Corporation (NASDAQ:MSFT), up 1.21%, and Walt Disney Company (NYSE:DIS), up 0.76%.

The Dow Jones Industrial Average’s worst performers included Visa Inc (NYSE:V), down 1.08%, General Electric Company (NYSE:GE), down 0.99%, and Johnson Johnson (NYSE:JNJ), down 0.83%.

European indices, meanwhile, ended the day largely lower.

After the close of European trade, the DJ Euro Stoxx 50 fell 0.97%, France’s CAC 40 fell 0.74%, while Germany’s DAX fell 1.44%. Meanwhile, in the U.K. the FTSE 100 rose 0.06%.

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Analysts: Obama adopted a military strategy in Iraq

By giving the green light to air strikes in northern Iraq, and despite recognizing that «not schedule a specific time» has implicated President Barack Obama directly in the file has occupied until the end of his presidential term. week ago, it was revealed Obama’s strategy, saying: «no combat troops on the ground. But, would launch air raids targeted against the jihadists in (Daash), “he would send military advisers on the ground (130 extra just arrived). however, declaring that his country is ready, according to the evolution of the political climate in Baghdad, to help the new government «anti-terrorist forces», Obama goes away. part, said Anthony Cordesman of the Center for Strategic and International Studies: «It seems that President Obama has adopted a strategy of military commitment long Iraq», hello new approach, is perhaps the «correct»., but also «high-risk». was not delayed Some of his opponents in the Republican camp in the criticism of it, stressing the need to strike a powerful and quick to stop the advance of «Daash». part, sees Senators John McCain and Lindsey Graham, the need to chase its fighters and their commanders in Iraq and Syria without waiting for political change possible in the capital Baghdad. and select the White House now has two objectives: to protect Americans in Arbil, capital of Iraqi Kurdistan, and avoid acts of genocide in the mountains of Sinjar. said that about 20 American soldiers carried out yesterday on a reconnaissance mission field, and that «the number of Yazidis on the ground, much less than expected». In the case of long American operation, the specific objectives may change. said Stephen Biddle of the Council on Foreign Relations: «So far, we have seen strikes very limited against some targets weak». part, the Obama, who confirms that no «military solution to an American» in Iraq, says that the table schedule only one who focuses on today is what will allow the formation of an Iraqi government more tolerant. Meanwhile, threw Britain on Wednesday night / Thursday again humanitarian aid to civilians hounded by «Daash» in northern Iraq, as announced today by the Ministry of International Development. said Justin Greening British minister in charge of international development, said that the two Hercules «C130» Olgueta 2400 refill water purification, can be reused. ‘s fourth such operation since the end of last week. And secured Britain more than 48 thousand liters of drinking water and more than a thousand bulb operates solar energy can be used to charge mobile phones, and a thousand tents to take shelter from the heat, when temperatures exceed 40 degrees Celsius. According to British newspapers also today, that British special forces were deployed in northern Iraq, to assess the refugee situation in the light of a possible American operation to evacuate.

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Tlar talks about the clock starting.

Tlar THE CURRENCY: The clock does not start with the formation of the new government as I had thought all along. The clock will start on the first verifiable news that Maliki is gone. Within 48 hours, TURKI WILL PULL THE TRIGGER. This is a currency with potential at any number they come out at. They are only producing 50% of the oil they intend to be producing by 2020, 6 short years from now. They will have solved their government problems and if they can get their act together economically, they will be the richest country in the world. Their currency should continue to increase in value over at least the next 5-6 years.