FCA Contemplates Crackdown On Spread Betting Industry
Britain’s spread-betting firms saw a rout in the markets after regulatory body, the Financial Conduct Authority (FCA) released a consultation paper that recommends a crackdown on the contract for difference (CFD) segment. Under CFD contracts, investors speculate on the market’s
Read MoreCiti turns weak on Jefferies downgrade
The impressive fiscal 2016 third-quarter results that topped the analysts’ estimates enabled the banking and finance institution Citigroup Inc (NYSE: C) to rally by $10, or about 20%, to hit a high of $56.72 in the last week. The current
Read MoreFX Infrastructure Might Stay In London post-Brexit
Financial Industry experts believe that a hard Brexit might result in most financial firms relocating their employees who are responsible for handling London’s extensive foreign exchange operations to the European continent but the underlying forex infrastructure is likely to remain
Read MoreUpcoming Italy Referendum Turns The Euro Weaker
The victory of Trump bolstered the Greenback against other major currencies in an unexpected manner. Not surprisingly, the Euro dollar was one of the main losers. The Euro lost more than 600 pips and touched a low of 1.0518 against
Read MoreIBM turns weak as Australian authorities slap $30M fine
Following the impressive third-quarter results that beat the analysts estimates, last week, the stock of International Business Machines (NYSE: IBM) hit a 12-month high of $164.50 on Monday. Considering the impressive Q3 results, a trader should purchase the stock on
Read MoreUK Sees Dividends Decline With Drop In Pound Value
The plunging value of pound sterling has caused a decline in dividends received by global investors in UK equities based on a recent report. The pound has been falling steadily after the British vote to exit the European Union in
Read MoreCanadian dollar turns weak as crude fails to cross $50
The Canadian dollar turned weak during the period ranging from mid-October to mid-November. There were two reasons for the weakness. Obviously, the first reason is the Canada’s economic contraction in the second-quarter. The second reason is the call for the
Read MoreIndia’s I-T Depart Issues Notices For Suspicious Cash Deposits
The demonetization of higher currency denominations by the Indian Government in early November has resulted in large sums of cash being deposited, leading to the country’s Income Tax (I-T) department issuing notices to those whose transactions are being considered as
Read MoreBP tops Q3 estimates, aims $7 billion in cost savings
On November 1, the oil and gas company BP Plc (NYSE: BP) reported fiscal 2016 third-quarter results that beat analysts’ estimates by a wide margin. The company had reported a loss in the previous three quarters. Ironically, the stock lost
Read MoreAussie weakens on decline in iron ore price
Based on the rally in the price of iron ore and coking coal, on October 13, we had advised currency traders to open long position in the AUD/JPY pair at 78.20, with an order to book profit at 79.80. The
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