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Posts From Charlie Harrison

Charlie Harrison

Charlie Harrison

Forex Brokers Continue To Scam And Target Russian Nationals

Forbes recently published a report which showed that Russians account for 29 percent of the online traffic that the four largest binary options and foreign exchange (forex) trading websites received in April of 2017. Hence it is not entirely a

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Bond Market Investors Scared Over Potential Global Selling Sprees

Banks have been the biggest buyers of bonds for over decade now which have sent interest rates spiraling downwards and stock markets soaring. However there is an ongoing fear from investors that some of the richest nations in the world

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United Arab Emirates To Start 2018 By Introducing VAT

Starting January 1, 2018 the UAE government will be imposing a 5 percent Value Added Tax (VAT) on a number of goods and services. The implementation of VAT is mainly attributed to the need of the UAE government to raise

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PBOC Says China Needs Local Governments To File For Bankruptcy

According to a People's Bank of China (PBOC) official, local government bankruptcies or even a Detroit-style bankruptcy are necessities for China, as rising debt problems continue to loom over the country's head. Xu Zhong, a PBOC official sees a need

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Brexit Gloom Weighs on UK Households And Their Financial Future

For the first time in three years more Britons are expecting their personal finances to get worse rather than better over the next 12 months amid the Brexit vote’s impact. NMG Consulting conducted a survey on behalf of the Bank

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Fed’s Mester brushes away flattening yield curve concern

The Aussie rallied against the Greenback last week, mainly due to the dovish Fed minutes and soft PMI data. A rally in the price of iron ore also strengthened the Australian dollar. Still, the AUD/USD pair, which is currently trading

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Cisco tops Q1 2018 EPS estimates, issues strong Q2 EPS view

Networking hardware manufacturer Cisco Systems, Inc. (NASDAQ: CSCO) surprised the market on November 16 by reporting an impressive fiscal 2018 first-quarter earnings that exceeded analysts’ estimates. The quarterly revenues were in line with the Zacks Consensus estimates. Cisco also issued

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Lack of consensus on Brexit bill turns Pound weak

In our November 3 report, we had forecast a downtrend in the GBP/NZD pair. We had also evinced our interest to go long in the currency cross near 1.8860, and simultaneously invest in a call option. A week later, the

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Facebook tops Q3 estimates, operating margin rises to 50%

Despite reporting an exceptional Q3 2017 results that blew away analysts’ estimates, the stock of social media platform provider Facebook, Inc. (NASDAQ: FB) remains weak at $177 levels. While presenting the results, the CEO Mark Zuckerberg revealed that the operating

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Euro up on improving economic conditions in EU

In our currency report dated October 27, we had predicted a decline in the EUR/NZD pair from the level of 1.7050. Further, we had also mentioned our interest to open a short position in the spot Forex market. Other than

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