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Forecast of current account surplus turns Aussie stronger
A decline in the retail sales in February coupled with a poor outlook for iron ore and coking coal weakened the Australian dollar against the Canadian dollar. The AUD/CAD pair’s decline was also fuelled by a crude oil rally and
Read MoreGreenback turns weak on soft non-manufacturing PMI data
On March 27th, considering the issues faced by the South African industry and possibility of a credit downgrade, we had suggested going long in the USD/ZAR pair at 12.42. To option traders, we had advised an investment in a high
Read MoreVivendi remains bullish on analysts upgrade
Media content provider Vivendi SA (OTC: VIVHY) reported a decline in earnings from continuing operations in fiscal 2016 fourth-quarter. However, considering the efforts taken by the company’s subsidiary Canal Plus to regain market share, and better than anticipated Q4 2016
Read MoreFCA Proposes New Regulations For Credit Card Companies
UK’s financial watchdog, the Financial Conduct Authority (FCA) has said that credit card companies must take action in support of those credit card holders who are perpetually in debt. The FCA is proposing a range of new measures towards that
Read MoreUK Manufacturing Losses Causes GBP To Slip As Brexit Starts
The pound sterling has been rather stable from the start of 2017 trading between $1.20 and $1.27 against the dollar and around €1.16 to €1.18 against the Euro but a recent report showing the decline of the UK Manufacturing sector
Read MoreNovartis turns bearish on poor Q1-2017 estimates
The failure of serelaxin, a medicine intended to treat acute heart failure, in the phase 3 trial resulted in a near 3% decline of the stock of Novartis Ag (NYSE: NVS) to $74.17 last week. Since then, the stock is
Read MoreForeign Investors’ Confidence Help India’s Current Account Deficit
Increasing foreign investment into India is expected to play a key role in bridging India’s current account deficit (CAD) this year according to market analysts. In a recent report, global banking major Deutsche Bank AG has stated that foreign direct
Read MoreQ4 economic contraction, budget deficit keeps Rand weak
Disappointment over less hawkish tone of the US Fed kept the Greenback in a downtrend against its rivals for the past two weeks. One of the currencies which gained in a notable manner is the South African Rand. From a
Read MoreUK To Take Action To Clampdown Money Laundering
UK’s Economic Secretary Simon Kirby has reiterated the government’s commitment to crack down on money laundering practices in the aftermath of a report that revealed that UK's biggest banks have been involved in a Russian scheme to launder money. According to
Read MoreMorgan Stanley downgrades Boeing on slowdown of orders
On the basis of a decline in military sales and asset base, on March 6th , we had recommended buying a put position in the stock of aircraft manufacturer Boeing Co (NYSE: BA). At that time, the stock was trading
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