Rise in inflation rate strengthens Canadian dollar
Lower than expected inflation rate, rise in unemployment and Trump’s plan to renegotiate the NAFTA agreement kept the Canadian dollar under pressure against the commodity currencies such as the New Zealand dollar. Since January 10th , the NZD/CAD pair has
Read MoreInvestors Turning To Gold Amidst Uncertainty With Trump Policies
Investors are returning to the safe haven of gold as U.S. President Donald Trump's policies threaten stability in markets worldwide, resulting in increased volatility. Spot gold prices went up by 1.6 percent reaching $1,214.19 an ounce earlier this week while
Read MoreAlphabet Q4 earnings miss view on $586 million charge
The parent company of Google, Alphabet (NASDAQ: GOOG), reported fiscal 2016 fourth-quarter earnings that missed analysts’ estimates by a margin of 28 cents. Following the results, investors sold their positions in the stock. Since Friday, the stock has lost about
Read MoreAussie signals downtrend on decline in consumer prices
The AUD/USD rally, which began in the last week of December 2016, took the pair to a high of 0.7608 on Tuesday this week. This translates to a gain of nearly 450 pips since December 26th . Most of these
Read MoreMcDonald’s beat Q4-2016 view, global comp sales rise 2.7%
Between May and October’16, the stock of renowned fast food chain operator McDonald's Corp (NYSE: MCD) fell from a high of $131.94 to a low of $110.81. Analysts attributed the decline to increased competition and fall in the same store
Read MoreTrump’s Remarks Impact FTSE 100, Strengthens Sterling
With U.S. President Donald Trump reiterating his protectionist agenda in his inauguration speech, the pound sterling gained strengthened to a one-month high while U.K. stocks dropped, breaking a steady rally. The FTSE 100 fell by around 0.9 percent to hit
Read MoreAussie remains weak on falling coking coal prices
The annual Financial Times report for 2017, prepared on the basis of a survey conducted among economists tracking developments in the UK, warned the possibility of slower growth, decrease in business investments, and squeezing of household incomes due to higher
Read MoreLow cost deposits, rising interest rate keeps BoA bullish
The Bank of America (NYSE: BAC), the second largest bank by assets in the US, reported lower than anticipated fiscal 2016 fourth-quarter revenues. However, that did not deter the stock from recording a new 12-month high of $23.41. One of
Read MoreChinese Banks Being Forced To Shield Foreign Exchange Regulator
Local media reports state that China’s foreign exchange regulator is asking banks in the country to not reveal to customers the series of curbs that it has placed on capital outflows. Additionally, the regulator is asking analysts to not issue
Read MoreSoft retail sales data turns Aussie weak
Last month, the Australian dollar hardly reacted to the news of 0.5% economic contraction in the third-quarter of 2016. Analysts and traders in general discarded the economic data as a one-time event. Their argument was based on the fact that
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