Category: Dinar Daddy

U.S. Total Vehicle Sales 16.92M vs. 16.90M forecast

Investing.com – U.S. total vehicle sales rose more-than-expected last month, official data showed on Monday.

In a report, Autodata Corp. said that U.S. Total Vehicle Sales rose to a seasonally adjusted 16.92M, from 17.20M in the preceding month.

Analysts had expected U.S. Total Vehicle Sales to rise 16.90M lInvesting.com
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NYMEX crude rebounds in Asia with U.S. stocks data in focus

Investing.com –

Investing.com – Crude oil prices rebounded slightly in early Asia on Tuesday ahead of a U.S. industry survey of domestic crude and product stocks.

The American Petroleum Institute will release data on crude, gasoline and distillates stocks later Tuesday in a survey that is followed as a tip to more clocely watched U.S. Department of energy data on Wednesday.

On the New York Mercantile Exchange, crude oil for delivery in February rose 0.41% to trade at $50.08 a barrel.

West Texas Intermediate and Brent oil futures plunged to their lowest level since 2009 on Monday, as investors piled on to their short positions in anticipation of lower prices amid lingering concerns over a growing supply glut.

ICE-traded Brent crude, the international benchmark, slid 5.9% to $53.11 on Monday, the lowest level since May 1, 2009.

London-traded Brent prices lost nearly 48% in 2014, while WTI futures dropped almost 46% after the Organization of Petroleum Exporting Countries decided to maintain its output target at 30 million barrels a day.

The decision disappointed hopes the oil cartel would lower production to support the market, as a surplus develops amid the shale boom in the U.S., which is pumping at the fastest pace in more than 30 years.

In the week ahead, investors will be turning their attention to Friday’s U.S. nonfarm payrolls report for further indications on the strength of the recovery in the labor market. Wednesday’s Federal Reserve meeting minutes will be also closely watched.

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Economist: current year budget difficult

counting economist Dergham Mohammed Ali, the current year’s budget of more financial budgets for Iraq and the difficulty of disqualification in providing the necessary revenue from the point of filling the large deficit on the other.

The lion Muhammad Ali in a statement to the news agency public opinion (and babysit), “in the current year budget, with respect to imports picture is still hazy about the price of a barrel of oil and indicate the high ceiling of the budget outlook compared to the real price since it assumes that the average selling price of $ 60, while He is now in his fifties. ”

Adding that “the draft budget forecast export rate is equal to 3.3 million barrels, the other roof unreal what makes the likelihood of achieving the revenue conjectured away and is achievable.”

And noted that “the record high deficits and not realistic for bridging the deficit and the difficulty and the possibility that the Iraqi street negatively options pose was also their compatibility with the need to balance the less agreement and the deficit through reprocessing doors drainage and pressure sovereign institutions expenses and curb the salaries of special grades and postponing retirement to year the next, and redraw the vision of a more realistic relationship with the Kurdistan Regional Government in the collection mechanism for Bdharabah and customs revenues and the other by forming joint committees to follow-up and increased imports, including the budget. ”

And it is hoped that the House of Representatives raises the draft general budget for the meetings law on Wednesday. Q, Q

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Taiwanese CPI 0.61% vs. 0.60% forecast

Investing.com – Consumer price inflation in Taiwan fell less-than-expected in the last quarter, official data showed on Tuesday.

In a report, National Statistics Taiwan said that Taiwanese CPI fell to a seasonally adjusted annual rate of 0.61%, from 0.86% in the preceding quarter.

Analysts had expected Taiwanese CPI to fall to 0.60% in the last quarterInvesting.com
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Mnt goat says the budget is all but a done deal.

Mnt Goat Also on Sunday 1/4 news from the finance committee was reported that the GOI has approved the second payment of $1,300,000,000,000 dinars to the Kurdistan region as part of the oil revenue sharing for late December and the month of January. It confirms that the 2015 budget is all but a done deal. It proves that HCL is a done deal. They agreed not send any money the Kurds without this 2015 budget being opened if they gear the payment off the budget figures and its payment schedule. In other words a confirmation to us who are following this saga that it is about to end. I see an excellent window of opportunity opening up from Thurs 1/8– Sunday 1/11 for an RV. Probably out best window yet.

 

Mnt goat says they are still on target.

Mnt Goat …we all should know that the first reading of the 2015 budget was completed on Dec 25th and at this time it was announced that the second reading and voting would take place on Jan 7th. Iraq said yesterday (Sunday 1/4) they are still on target to hold this session of parliament for tomorrow, on Jan 7th . The plan is still to conduct the second reading and vote during this same session. They are also still saying they plan to fully implement the budget at this time as it will be posted in the gazette. The budget will be retroactive to Jan 1st when it does come out.

 

MP rules out endorsing 2015 Budget law

MP, Tafika Ahmed, of the Kurdistani Alliance ruled out endorsing 2015 Budget law by the parliament.

Speaking to AIN, she said “Iraq depends on the revenues of the oil not the industry or agricultures where we rule out endorsing 2015 General Budget law due to the reduction of the oil prices.” /End/

LINK

Forex – USD/CAD almost unchanged, near more than 5

Investing.com –

Investing.com – The U.S. dollar was almost unchanged against its Canadian counterpart on Monday, hovering close to more than five-year highs as expectations for a U.S. rate hike this year continued to support demand for the greenback.

USD/CAD hit 1.1843 during early U.S. trade, the pair’s highest since May 2009; the pair subsequently consolidated at 1.1781.

The pair was likely to find support at 1.1596, Friday’s low and resistance at 1.1951.

Demand for the greenback broadly supported by the diverging monetary policy stance between the Federal Reserve and central banks in Europe and Japan.

A recent string of upbeat U.S. data sparked optimism over the strength of the country’s economic recovery and added to expectations for the Fed to soon raise interest rates.

The loonie was higher against the euro, with EUR/CAD retreating 0.80% to 1.4032.

The euro came under pressure after official data showed that German inflation slowed to the lowest level since 2009 in December.

German consumer price inflation accelerated at an annualized rate of 0.2% last month, below forecasts for 0.3% and slowing from 0.6% in November.

The data added to concerns over the risk of deflation in the euro area.

The single currency also weakened after European Central Bank President Mario Draghi said Friday the risk of it not fulfilling its mandate of price stability is higher now than six months ago.

The remarks indicated that the likelihood of full blown quantitative easing has increased ahead of the ECB’s meeting on January 22.

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90% decrease of kidnap cases in Baghdad, says BoC

Baghdad Operations Command announced Monday, that a 90% decrease in kidnappings was reached after the police arrested the ISIS key elements held responsible for kidnaps and assassinations.

Baghdad Operations Command spokesman General-Officer Saad Moen stated today, “The efforts of the security forces and some politicians have resulted in a decrease of kidnappings and armed robbery cases by 90% in Baghdad.”

He added, “The federal police intelligence was involved in distinctive cases in the past two days, which led to the arrest of the ISIS leaders held responsible for kidnaps and assassination operations in Baghdad.”

Earlier this week, Baghdad Operations Command said that a major decrease in kidnap cases has been measured by sources of the federal police intelligence in the city of Baghdad.

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