Archive

Uncertainty Over Brexit Keeps Pound Bearish

  The Sterling plunged against the dollar and euro yesterday as worries over Britain’s exit from the EU led investors to mostly discard expectations of an end to austerity initiated by Chancellor Philip Hammond. The dollar climbed to a 16-month

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Ford Up On Goldman Sachs’ ‘Buy’ Recommendation

  Goldman Sachs analysts upgraded Ford Motor Co. (NYSE: F) stock ahead of a series of new product launches scheduled for 2019 and 2020. The equity research firm has raised its 12-month target price from $9 per share to $12

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Chinese Yuan Plunges to 10-year Low Against Greenback

  Yesterday, China’s yuan plunged to a 10-year low against the US dollar, almost on the verge of breaking the politically delicate level of seven to the greenback. The yuan declined to 6.9644 per dollar at noon, below its latest

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Stellar Trials Starlight, an Instant Payment Channel

  The crypto market remains range bound with mild positive bias.  Notably, the weekend saw the settlement of Bitcoin futures at CME (Chicago Mercantile Exchange) go through smoothly without creating ripples in the cash market. This is a stark contrast

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Equity Market Rout Turns Greenback Weak

  On Friday, the US dollar followed Wall Street lower, falling from the two-month peak recorded earlier in the day after the announcement of the better-than-anticipated third-quarter gross domestic product. The DowJones Industrial Average tumbled 296.24 points, or 1.19%, to

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Weak Q4 View Takes a Toll On Amazon’s Stock

  The online retail giant Amazon.com, Inc. (NASDAQ: AMZN) was almost the second US company worth $1 trillion last month. Presently, it’s worth less than Microsoft, a key cloud competitor. The company was No. 2 to Apple Inc. and briefly

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Poor German Business Sentiment Data Keeps Euro Bearish

  The euro came under selling pressure this week after the Purchasing Managers Index (PMI) data showed that eurozone business growth moderated more than expected this month. Other studies indicated that the German private-sector growth fell to a three year

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Twitter Swings To Profit in Q3, Revenue up 30% y-o-y

  The micro-blogging site Twitter Inc. (TWTR) reported a swing to profit in the Q3 on robust revenue growth yesterday. Both revenue and adjusted earnings per share for Q3 2018 exceeded analysts’ estimates. The company’s shares closed at $31.80 up

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Russian Ruble Strengthens on US Market Weakness

  The exchange rate of the Russian currency reached this year’s lowest level versus the dollar and the euro on September the 10th, sliding to 70.6 rubles per dollar and 81.568 per euro for the first time since 2016. Since

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HTC Accepts Pre-orders For Blockchain Powered Smart Phone

  The cryptocurrency market remains almost unmoved this week. Bitcoin (BTC) continues to hover around $6,500 levels, while the altcoins trade between +3% and -3%. One of the issues often mentioned by crypto skeptics is the incompatibility between one blockchain

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