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Canadian dollar signals uptrend on strong jobs additions
Considering the strong rise in the Euro zone PMI and poor retail sales in Canada, on February 24th, we had suggested a long position in the EUR/CAD pair at 1.3860, with a target of 1.3980. To binary traders we had
Read MoreYen signals downtrend on decline in Balance of payments
Decline in the price of crude oil and uncertainty surrounding the French election ensured the decline of the CAD/JPY pair to a low of 84.16 in the last day of February 2017. Trump’s call for a quick renegotiation of the
Read MoreDeutsche Bank Reveals New Overhaul Strategy To Boost Revenue
Deutsche Bank’s CEO, John Cryan presented a major overhaul plan this week in a bid to turnaround the fortunes of the struggling bank. Under the new plan, the banking and trading divisions will be combined after having been separated in
Read MoreBoeing signals downtrend on overstretched valuations
An annual dividend yield of 3.39%, which is higher than S&P’s 2%, and an increase in the stock buyback program propelled the stock of the world’s largest aircraft manufacturer Boeing Co (NYSE:BA) to a 12-month high of $185.71 last week. While
Read MoreScottish independence referendum fears weighs on Pound
A decline in new home sales and core durable goods orders on a month-over-month basis in January weakened the US dollar against the major currencies such as the Pound. The unexpected increase in the Confederation of British Industry’s Industrial (CBI)
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