Archive

Euro Gains On Poor US unemployment, Home Sales Data

  Mixed macro data from across the euro zone turned the euro-dollar weak early yesterday. However, the EUR/USD currency pair moved up in the mid-European session as risk appetite improved before turning lower in the American session. Higher than anticipated

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German Regulators Open Antitrust Investigation On Amazon

  The antitrust authority of Germany has launched an inquiry into whether the US e-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) takes advantage of its market dominance in its associations with third-party retailers using its platform as a marketplace. The decision

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US Dollar Down On Poor Home Sales, Powell’s Dovish Talk

  The US dollar started losing against its counterparts yesterday following the release of a series of weak economic data. The selling intensified after Federal Reserve Chairman Jerome Powell delivered an unexpected dovish speech. Even the Japanese yen, which is

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Sirin Labs To Ship Blockchain Powered Smartphones

  The crypto market saw a slight recovery yesterday, but unfortunately, did not last long. The market has again turned red this morning. Bitcoin (BTC) is trading at $4,100 levels, after recording a low of about $3,650 on Tuesday. However,

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Swine Fever & Industrial Profit Decline Weakens Chinese Yuan

  The Chinese Yuan weakened on Tuesday as news reports of African swine fever sent economic ripples throughout the agricultural sector of the nation. The bearish news did not end there, as industrial profits slowed in October and forecasts show

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Apple Down As Trump Suggest 10% Tariff On iPhones

  Shares of Apple Inc. (NASDAQ: AAPL) slumped 0.22% yesterday to close at $174.24, after President Trump announced that tariffs could be placed on iPhones, which are produced in China. The news pushed the technology giant‘s market capitalization below Microsoft

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Canadian Dollar Turns Weak On Labor Participation Decline

  The Canadian dollar has turned weak against the greenback despite signals of upward momentum in the Canadian economy. The currency was also affected after General Motors declared that it was moving out of Canada as part of its restructuring

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US Defense Announces Blockchain Workshop To Explore DLT

  The bloodbath in the cryptocurrency market continues with Bitcoin leading the fall to reach a low of $3,604 in the past 24 hours, before bouncing back to $3,900 levels.  The sharp fall in the price of Bitcoin that started

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Trump’s Threat To Close Mexican Border Weakens Peso

  Despite reporting a strong GDP growth in the third quarter, the Mexican peso weakened against the US dollar at the end of the last trading week. The peso declined after President Donald Trump threatened to shut down the US-Mexico

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UTC Receives China’s Approval For $30bln. Rockwell Buyout

  United Technologies Corporation (NYSE: UTX) received the crucial antitrust endorsement from China on Friday for the $30 billion acquisition of aircraft parts manufacturer Rockwell Collins, Inc. (NYSE: COL). Following the news, Rockwell Collins shares skyrocketed 9.2% to close at

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