This marketing year Iran has already imported over 2.3 million tons of wheat from 13 countries around the globe despite multiple sanctions imposed by the US and its allies.
The latest import deal was estimated at $806.6 million. Over 600K was bought in Switzerland. The rest was bought in the US, Russia, Germany and Brazil.
Market Leader reminds that Iran is suffering from sanctions because of its nuclear program. However, somehow, Iran still manages to buy wheat because of droughts that damaged the domestic harvest.
In the near future, Iran is planning to import 1 million tons of wheat from Pakistan at $300 per ton. Iran has promised to export iron ore and fertilizers in exchange for wheat.
The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of wheat futures.
The price is forming a bearish move. Wave 1 is probably completed. If the supposition is right, there will be another downswing after a short period of consolidation. The key level of resistance for the recovery is 870$. A mid-term trend reversal will become probable if the price makes a strong upswing.
GKFX: Updated “Market Depth” for MT4 – for Those who Want to Win
Go and conquer new dimensions of thinking. B. Werber
These days anyone may work at forex market. However, stable earning on a regular basis is only for those traders that are ready to “conquer new dimensions of thinking”, have adequate reaction to any changes at rapidly progressing markets, and remain cold-minded when taking informed decisions on the basis of thorough analysis.
It’s been almost 12 months since Facebook’s IPO. Most investors are still pondering whether they made a mistake by investing in Facebook’s stock. Some experts say that this was one of the most significant IPOs in the 21st century. However, many investors eventually suffered major losses since the IPO wasn’t successful.
Google and Microsoft are having disputes once again. This time it is all about the mobile version of YouTube. According to several internet sources, both the companies created mobile apps so that users could watch YouTube videos on Android-powered and Windows-powered smartphones.
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Barclays Capital experts say that the British Pound is about to see a period of weakness. They name 4 major factors that will contribute to the decline:
Firstly, the British Pound will be influenced by the pace of economic growth in the UK and the USA. They say that the current economic situation in Great Britain is even worse than overseas, simultaneously pointing out that the pace of the British economic recovery will yield to the US one.