Archive

Canadian Dollar Strengthens as Hiring Rebounds In June

  The Canadian dollar weakened against the US dollar in the Asian and European session yesterday but reversed trend in the US session on lower Treasury yields and dovish comment made by the New York Federal Reserve President John Williams.

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Morgan Stanley Beats Q2 Estimates, Despite Trading Woes

  Morgan Stanley (NYSE: MS) reported a Q2 profit that exceeded Wall Street estimates as a strong equity market enabled two of the financial institutions three main divisions post impressive performance. The company’s board also authorized a $6 billion share

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Fitch Reiterates Japan’s ‘A’ Rating, Issues Weak Outlook

  The Japanese yen strengthened against the greenback yesterday and rating agency, Fitch, left the country’s sovereign rating unchanged. However, the outlook issued by the rating agency was not impressive. The lower-than-anticipated trade data reported earlier today also fueled the

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IMF Chief Economist Advises Regulatory Diligence on Libra

  The cryptocurrency market remains mostly in the green with altcoins making great advances. Notably, Bitcoin (BTC) has fallen below the psychological level of $10,000. The king of cryptocurrencies touched a low of $9,190 yesterday before recovering to $9,776, representing

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Rebound In Dairy Prices Propel New Zealand Dollar

  The New Zealand dollar strengthened against its G10 rivals yesterday due to the release of better-than-anticipated consumer price index data and a rebound in global dairy prices. The strong data enabled the NZD/USD pair to rally from a low

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JnJ Beats Q2 Analysts Estimates, Boosts FY19 Revenue View

  Johnson & Johnson (NYSE: JNJ) surprised the equity market yesterday by reporting a second-quarter profit that soared 42% on y-o-y basis, with all three of its business divisions exceeding analysts’ forecasts. The manufacturer of Acuvue contacts and cancer drugs

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Lack Of Impetus Weakens Pound Against Greenback

  The British pound fell against the US dollar yesterday, losing all the gains it had on Friday last week, primarily due to lack of any major news releases or optimistic news from the country. Therefore, the GBP/USD currency was

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Brazil Coffee Farming Co-op to Issue a Coffee-Backed Token

  The cryptocurrency market is trading mixed after undergoing a minor price correction last weekend. Bitcoin (BTC) has rebounded after touching a low of about $10,250 but is yet to cross 13,250, which acts as a crucial resistance level. At

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J&J Plunges On Reports Of Criminal Investigation By DoJ

  Johnson & Johnson’s stock (NYSE: JNJ) fell $5.81 or 4.15% to close Friday’s trading session at 134.30 following news reports that the US Department of Justice is conducting a criminal investigation into whether the firm was lying about the

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Iron Ore, Natural Gas Price Rally Strengthens the Aussie

  The Aussie strengthened against the greenback on Friday despite unimpressive Chinese trade data, mainly due to a rally in the price of commodities such as iron ore and natural gas. Notably, iron ore, coking coal, and natural gas are

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