Rise in dairy products price turn Kiwi dollar bullish
The Australian dollar and the New Zealand dollar usually exhibit high volatility during periods of uncertainty in the global economy. The antipodean currencies tend to move in the same manner against other currencies. Following the rate cut by the Reserve
Read MoreRBS To Pay $1.1bn Fine For 2008 Crisis-Related Malpractice
British bank the Royal Bank of Scotland will need to pay $1.1 billion to a U.S. regulator to settle allegations of financial malpractice in selling mortgage bonds to credit unions ahead of the 2008 mortgage crisis. The National Credit Union
Read MoreBaidu remains weak on loss of rev. from healthcare advt.
After rallying nearly 24% to $197.80 in less than two months, the share price of Chinese search engine company Baidu, Inc. (NASDAQ: BIDU) is showing signs of weakness. The stock closed Monday’s trading session at $188.86. The rally was mainly
Read MoreLondon Stock Exchange Head Warns Of Job Losses Due To Brexit
Xavier Rolet, the head of the London Stock Exchange (LSE) has issued a serious warning stating that over 1,00,000 jobs could be lost if London loses the clearing process for euro-denominated transactions. Several European Union (EU) leaders including French President
Read MoreEuro to strengthen on high ‘real’ rates in the Euro Zone
The EUR/CAD pair was trading between 1.43 and 1.4600 for the past four months. Unemployment issues, low inflation, and negative impact of the UK’s decision to exit the EU are the core problems faced by the Euro zone. In the
Read MoreF5 Networks remain bullish on upbeat Q4 view
Application Delivery Network (ADN) technology provider F5 Networks, Inc. (NASDAQ: FFIV) saw its shares record a new 12-month high of $127.13, following the release of fiscal 2016 third-quarter results that surpassed the analysts’ expectations. However, the stock, which closed at
Read MorePhilippines Central Bank Eases Foreign Exchange Regulations
The central bank for the Philippines, the Bangko Sentral ng Pilipinas (BSP) recently announced that it has eased restrictions on foreign exchange (forex) transactions with a host of new regulations. According to a circular released by BSP, consumers will now
Read MoreAussie to gain on rising demand for coal and natural gas
Last week, lower-than-anticipated second-quarter economic expansion of Australia resulted in a decline of the AUD/USD currency pair by 200 pips. Australia recorded a GDP growth of 0.5% in the quarter ended June 2016, against the analysts’ expectation of 0.6% growth.
Read More102% rise in Azure revenue turns Microsoft bullish
Even after reporting a 7% decline in the fiscal 2016 fourth-quarter revenue, the share price of Microsoft Corporation (NASDAQ: MSFT) continues to remain bullish. The stock, which closed at $56.21 on Friday, recently hit a 12-month high of $58.70. It
Read MoreLower than anticipated Q2 GDP growth turns Aussie weak
On August 15, we suggested taking a long position in the AUD/MXN pair at 13.90. For the suggested trade, we had given a target price of 14.10. We also advised binary traders to purchase a one touch call option. In
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