Canadian dollar remains weak on economic growth concerns
The Canadian economy fared better than all other countries in the G-7 group during the 2008 economic crisis. The economy also came out of recession, faster and stronger. The trend continued until 2013. Soon after the price of crude oil
Read MoreRegulators In UK & Australia Agree To Support Fintech Sector
An agreement has been reached between the financial regulators of the UK and Australia that will result in support for fintech companies trying to enter each other’s market. According to the agreement, UK’s Financial Conduct Authority (FCA) and the Australian
Read MoreTurkish Lira remains bearish on economic growth concerns
In the past one week, USDTRY (Dollar-Turkish Lira) pair has appreciated from a low of 2.8391 to a high of 2.8898. In fact, the Turkish Lira lost against most of the currencies, including those of the commodity based economies (Australia,
Read MoreAlibaba signals downtrend on scrutiny over food business
Alibaba Group Holding Ltd. (BABA) hit a new milestone in business by surpassing sales transaction of 3 trillion Yuan ($463 billion) in the fiscal 2015, which ends in March. The company also announced that in another two years time, its
Read MoreCarsten Kengeter Believes LSE & Deutsche Boerse Must Merge
The head of German’s stock exchange has said that unless the proposed merger between London Stock Exchange (LSE) and the German stock exchange Deutsche Boerse succeeds, American entities will take control of the LSE. The two exchanges came to an
Read MoreGBP turns bullish as BoE signals end to rate cuts
The decline of the Euro, unresolved issues in the Euro zone and the Brexit referendum had a negative impact on the GBPAUD pair, which declined to a low of 1.86529 on Thursday. However, the Pound bounced back quickly to touch
Read MoreMicron Remains Bearish On Poor Demand For DRAMs
The share price of semi-conductor chip manufacturer Micron (MU) has declined more than 50% in the past eight months. The forward PE ratio of Micron is 6.8. Thus, the current share price of about $11.30 looks cheap. Another argument that
Read MoreRBI Suggests System For Assessing Global Monetary Policies
Raghuram Rajan, the Governor of the Reserve Bank of India (RBI), India’s central bank has asked global central banks to consider a new system for assessing the wider economic impact of their policies. He made these remarks during a speech
Read MoreTheCityUK Warns Brexit Would Reduce Britain’s Global Influence
TheCityUK, the lobby for Britain’s financial services sector has said that there is no other method available that would provide as much influence to Britain as having a European Union (EU) membership. It stated that all other alternatives were second
Read MoreSluggish Economy and Brexit Fears Keep The Pound Bearish
The GBPCAD pair lost more than 1000 pips in the past two weeks to touch a low of 1.8662 on Tuesday. The well known reason for the decline was the possibility of a ‘Brexit’ (Britain exit) from the European Union
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