Posts From Charlie Harrison
Charlie Harrison
Eurosceptic candidates gain lead in French polls
As crude oil nudged downwards to $50 per barrel, the Canadian dollar began to falter last week. The dairy trade dispute between the US and Canada also weakened the Canadian dollar. On the other hand, a 0.8% m-o-m rise in
Read MorePound to decline as UK embraces snap election
Considering the rising inflation scenario and the hawkish sounding statement from the Bank of England, on March 20th , we had recommended going long in the Pound near 1.2340. Simultaneously, we had suggested investing in a call option offered by
Read MoreIron ore rout weakens Rio Tinto
The stock of Rio Tinto Plc lost about 5%, or $1 billion of its market capitalization, last week to close at $38.94. No trophies for guessing the reason! The price of iron ore fell below $70 per ton. This gave
Read MoreBoE Gov Expresses Support For Blockchain-based Settlement Processes
The governor of UK’s central bank has stated that blockchain technology could play a major role in improving the efficiency of the financial sector and could bring about a major transformation in the process. Blockchain also known as distributed ledger
Read MoreGreenpeace accuses Coca-Cola of adding to pollution
Higher than anticipated revenue and earnings in Q4-2016 pushed the stock price of Coca-Cola Company (NYSE: KO) to a high of $42.84 last week. The uptrend was also aided by an organic revenue growth outlook of between 3% and 4%
Read MoreForecast 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
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