Archive
Aussie to gain on diminishing chance of another rate cut
On 5th Aug, we had recommended taking a short position in the AUD/MXN pair at 14.40 levels with a target of 14.25 or even lower. For binary traders, we had suggested purchasing a one touch put option. Furthermore, we had
Read MoreIFS Says Full EU Membership Essential For UK To See Benefits
An economic research body in the UK called the Institute For Fiscal Studies (IFS) has said that having access to the single market is useless until the UK could commit to the free movement of people and the removal tariffs
Read MoreEbix records new yearly highs as Q2 results tops estimate
Following record revenues of $72.57 million in the fiscal 2016 second-quarter, the shares of E-commerce solutions provider Ebix, Inc (NASDAQ: EBIX) recorded a new 12-month high of $55.82 on Tuesday. The second-quarter results also beat the revenue and earnings estimate
Read MoreBoE Urged To Consider Equity Purchase For Further Stimulus
Several experts in the UK have suggested that the central bank, the Bank of England (BoE) should explore the possibility of buying stock as a stimulus measure in case the recent raft of credit measures to boost economic growth has
Read MorePoor jobs data turn Canadian dollar bearish
The decline in the price of crude oil enabled the New Zealand dollar to strengthen against the Canadian dollar in the past one week. From a low of 0.9330, the NZD/CAD pair hit a high of 0.9440, before ending the
Read MoreDCE Bitfinex Freezes Operations After Bitcoin Theft
Bitfinex the Digital Currency Exchange (DCE) based in Hong Kong has put on hold all forms of trading temporarily after a security breach resulted in losses of over $70 million. The company said that it was working to restore limited
Read MoreUK Banks Not Strong Enough In Another Financial Crisis
The Adam Smith Institute, a major British think-tank has claimed that the Bank of England’s stress tests results are not a good indicator of the current health of the banking system. A report released by the Adam Smith Institute has
Read MoreAflac tops Q2 Operating EPS view, reaffirms FY16 outlook
The shares of the insurance service provider Aflac (NYSE: AFL) recorded a new yearly high last week, following the announcement of fiscal 2016 second-quarter earnings that exceeded the Wall Street estimates. The revenue, however, missed the Zacks estimate by about
Read MoreUpbeat Q2 GDP data turns Pound temporarily bullish
On 4th July, we had recommended a short position at 1.3300 in the GBPUSD pair. We had given a target of 1.2950. Clearly, we had mentioned that the downtrend would be very quick and traders will have little time to
Read More