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Euro turns weak as ECB mulls extension to QE program

The negative impact of the outcome of the Italian referendum was only short lived. The Euro covered all the losses and even gained against its rival currencies. The Yen, which has already turned weak after the victory of the billionaire

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BoA signals bearish reversal after going ex-dividend

Since November 2nd , the stock of Bank of America Corporation (NYSE: BAC) has appreciated by about 30% to $21.19, from a low of $16.80. The Charlotte, North Carolina-based bank reported fiscal 2016 third-quarter earnings of $4.96 billion or $0.41

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Rise in demand for commodities keep the Aussie strong

The 4.5% increase in the Global Dairy Trade Index on November 15th strengthened the New Zealand dollar against the Aussie. From a high of 1.0650, the AUD/NZD pair fell to a low of 1.0410. The decline was also aided by

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OECD Predicts Improved Economic Growth Prospects For The UK

The Organisation for Economic Co-operation and Development (OECD) recently stated that the Bank of England (BoE) made the correct decision when it decided to slash interest rates in the aftermath of the Brexit vote. OECD has revised its forecasted growth

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Amazon ready to capitalize on rise in holiday spending

The arrival of the shopping season has once again turned the investors’ interest towards the stocks of online retailers. It’s not a wonder that the e-commerce and cloud computing company Amazon.com Inc (NASDAQ: AMZN) tops the list. The stock lost

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Rate cut, housing market concerns turn the Kiwi weak

The increase in the dairy prices and the looming Fed rate hike ensured a decline in the EUR/NZD pair for the past four weeks. Currency traders who had followed our recommendation, given on October 10, to go short at 0.7180

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India’s Forex Business Paralysed After Demonization Cash Crunch

The demonetization of high-value currency in India has led to a sharp fall in average forex sales in the country as a result of forex traders suffering from a cash crunch. Money changers across the country have remained shut stating

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Novartis turns bullish as Gleevec sales exceeds view

Concerns over the decline in the sales of blood cancer drug Gleevec, which had lost its exclusivity earlier this year, triggered a sell-off in the shares of Europe’s second biggest drug manufacturer Novartis Ag (NYSE: NVS) thereby leading to a

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Iron ore and coking coal keeps the Aussie bullish

One of the currencies which was least impacted by the victory of Trump in the US election is the Australian dollar. The Aussie continues to remain rock solid against the Greenback. The currency has also gained most of the lost

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RBS Staring At Fine Of Up To $12 billion In DOJ Settlement

British banking major the Royal Bank of Scotland (RBS) is likely to be fined as much as $12 billion (£9.6 billion) in order to settle the allegations of mis-selling that it faces in the United States. The charges relate to

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