Pound UP on May’s conciliatory speech in UK Parliament
At the beginning of this year, many analysts and speculators were betting on the Euro to trade at par with the US dollar. However, the Euro defied such expectations and rallied against the Greenback and other major currencies. The marginal
Read MoreEU Vetos Proposed Merger Between LSE And Deutsche Boerse
European regulators have blocked the £21 billion merger between the London Stock Exchange and the German stock exchange Deutsche Boerse. It is interesting to note that the announcement was made the same day Britain formally started the two-year process for
Read MoreFord turns bearish on poor Q1-2017 earnings outlook
Automobile manufacturer, Ford Motor Company (NYSE: F) issued a gloomy fiscal 2017 first-quarter outlook last week. Following the announcement, the stock has so far lost about 6% of its value to close at $11.46 on Monday. As explained below, the
Read MoreRising support for Macron in French election boosts Euro
The unexpected support for ECB rate hikes from Ewald Nowotny, Austrian representative on the ECB’s council, and victory of pro-EU Prime Minister Mark Rutte in the Dutch election propelled the Euro against the New Zealand dollar for the past two
Read MoreStudy Shows Bank of Israel’s Intervention Curbs Forex Gains
A new research study has revealed that every $100 million purchased by Israel’s central bank between 2009 to 2015 resulted in a deprecation of 0.07–0.09 percent in the exchange rate. The study which was conducted by Dr. Sigal Ribon from
Read MoreIntel acquires Mobileye for $15.3 billion
Last week, chip maker Intel Corporation (NASDAQ: INTC) announced its decision to acquire an Israel-based company Mobileye, a self-driving car data provider. Considering the growth prospects, which is detailed below, we forecast an uptrend in the stock price in the
Read MoreAussie signals downtrend on rise in unemployment rate
On the basis of a decline in the private capital expenditure and record high inventories of iron ore at the Chinese ports, on February 27th , we had cautioned traders about the possibility of an Aussie sell off. In this
Read MoreTwitter targets e-sports viewers by partnering with ESL
The stock of social networking service provider Twitter Inc (NYSE: TWTR) hit a three month low of $14.94 last week. Ironically, on February 9th , the company had posted fiscal 2016 fourth-quarter earnings that surpassed analysts’ estimates. However, Twitter’s Q4
Read MoreEU Banks Take Up Active Intervention In Volatile Political Climate
Central banks in several European countries are closely watching their currency movements against the dollar and the euro as political tensions rise across the continent. Three countries in particular – Switzerland, the Czech Republic and Denmark are considered vulnerable to
Read MoreEU Levies €2 Billion Fine On The UK For Customs Fraud
Britain is faced with the possibility of being hit with a €2 billion fine from the European Union (EU) for failing to clampdown on customs fraud by Chinese importers dealing in textiles. OLAF which is EU’s anti-fraud regulatory body has
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