Sharp decline in German factory orders turn Euro weaker
On the basis of a high debt to GDP ratio of China and probable defeat of Marine Le Pen in the second round of the French election, we had recommended going long in the EUR/AUD pair at 1.3680, with a
Read MoreBank of America turns bullish on Fed rate hike expectations
On January 17th , we forecasted an uptrend in the stock of Bank of America (NYSE: BAC) and recommended purchasing a high option contract with expiry date falling on March 24th . The stock rose as expected and the suggested
Read MoreAustralia Concerned After Reported Increase In Fake $100 Notes
A surge in counterfeit $100 notes has been reported across retail establishments in Melbourne. According to a local media report, high-quality forged currency notes are being passed through shops, restaurants and pubs in the city. These notes are largely indistinguishable
Read MoreSAFE Intensifies Crackdown On Illegal Capital Transfers
China’s foreign exchange regulator announced earlier this week that it has busted a number of entities carrying out illegal forex trade as a part of its campaign to curb large-scale capital flight. The State Administration of Foreign Exchange (SAFE) has
Read MoreeBay signals downtrend on lackluster Q1-2017 EPS view
In January end, e-commerce company eBay Inc (NASDAQ: EBAY) reported fiscal 2016 fourth-quarter earnings that beat analysts’ estimates. The quarterly revenue was also in line with the market’s expectation. This propelled the stock price of eBay to $34 levels in
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