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Crude price below $50 turns Exxon bearish
The market fancied a huge rally in the price of crude oil in December 2016, following the production cut agreement reached between the OPEC and other oil producing countries, including Russia. Even fundamentally poor performance in the fiscal 2016 fourth-quarter
Read MorePound turns bullish on BoE’s less dovish stance
When a currency is driven by political sentiment than fundamental data, then it becomes quite easy to spot the trend. The possibility of a demand for second referendum by Nicola Ferguson Sturgeon, leader of the Scottish National Party, and EU’s
Read MoreFinancial Fraud Cost the UK £2 Million Each Day In 2016
Financial Fraud Action UK (FFA UK) an industry body for United Kingdom’s (UK) payments industry has released a report that shows that financial fraud in the country resulted in over £2 million being lost daily in 2016. The total amount
Read MoreChina To Open Its Financial Markets For Better Capital Flows
China is now ready to open up its financial markets for free flow of capital and investments according to central bank Deputy Governor Pan Gongsheng. Speaking to media outlets, Pan said that China would continue with its agenda of easing access
Read MoreVolkswagen pleads guilty in US Court on emission scandal
In the last week of February, German automaker Volkswagen AG (OTC: VLKAF) reported a swing to profit in the fiscal 2016, compared to a net loss in the prior fiscal year. It can be remembered that the owner of Porsche
Read MoreCanadian 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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