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No Interest Rate Changes Expected From BoE and Federal Reserve
Economists will be closely watching for cues as both the Bank of England and the U.S. Federal Reserve will have their quarterly meeting this week. The general expectation regarding interest rates is that they will adopt a wait-and- see policy
Read MorePound UP as UK economy registers 0.6% q-o-q GDP growth
The signs of improving economic condition in the Euro zone and the ECB’s decision to decrease the quantum of bond purchases to Euro 60 billion from April strengthened the Euro dollar against the politically charged Pound during the period between
Read MoreMortgage fraud to impact Deutsche bank’s Q4 by $1.2 bln
The Deutsche Bank AG (NYSE: DB) is expected to announce its fiscal 2016 fourth-quarter results around February 4th. The bank anticipates a negative impact of $1.2 billion on the pre-tax profit, following the $7.2 billion penalty paid to the Department
Read MoreChina Seeks To Dismiss Market Concerns On Falling FX Reserves
The foreign exchange regulator in China has clarified that the country has ample foreign exchange reserves for its needs and said any fluctuations in its levels were normal. A spokesperson for State Administration of Foreign Exchange (SAFE) Wang Chunying said
Read MorePound signals bullish reversal on strong inflation data
With just two months to go for the planned triggering of the Article 50 by the UK government, talks of hard-Brexit toppled the Pound against the major currencies. The downtrend was accelerated by lower than expected unemployment claims and higher
Read MoreMicron to decline on concerns over flat YoY margin
Aided by a strong rise in the sales of memory chips and higher margin realization, last week, Micron Technology Inc. (NASDAQ: MU) reported fiscal 2017 first-quarter results that beat analysts’ estimates. The positive results and the management’s optimistic note about
Read MoreBanc De Binary Shuts Down Operations Over Regulatory Pressures
Banc De Binary, a major online trading firm dealing with binary options recently announced that it is winding up operations. The Cyprus-registered but Israeli owned company has cited regulatory pressures for its closure. The company allows investors to bet on
Read MoreTrade surplus, firming crude price turn Loonie stronger
Since November 9th , the NZD/CAD pair has fallen from a high of 0.9929 to a low of 0.9204. There are two main reasons for the decline: the victory of Donald Trump in the US Presidential election and the US
Read MoreCivitas Report Suggests £9 billion Needed In Case of Hard Brexit
A report from a UK body known as Civitas has stated that businesses in the country would need governmental assistance to the tune of £9 billion in case a failure in striking a favourable trade deal with the EU post-Brexit.
Read MoreRating upgrade turns Wal-Mart bullish
The stock of the world’s largest retailer Wal-Mart Stores (NYSE: WMT) has hardly moved in the past two months. While the financial markets across the world touched new heights, the stock remained range bound between $68 and $71. The fiscal
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