Posts From Ian Maguire

Ian Maguire

Ian Maguire

Ian is our resident contributor to the latest going ons in the cryptomarket, keeping up to date with the latest icos and coins

Canadian Dollar Remains Range Bound On Mixed Housing Data

  The Canadian dollar is trading in a tight range against its major G10 rivals, mainly due to mixed housing data. Investors are also looking forward to the statement from the Bank of Canada (BOC), which is scheduled to meet

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Yuan Strengthens As China Unleashes Range Of Reforms

  The yuan strengthened against the greenback and several G10 currencies yesterday as the Chinese government announced its plan to deregulate several industries to attract foreign investment. The initiative is seen as Beijing’s efforts for all its markets to be

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Betsy Ross American Flag On Sneakers Puts Nike In Trouble

  NIKE, Inc. shares (NYSE: NKE) dropped 0.60% to finish at $84.96 yesterday after a sneaker featuring the early 18th century “Betsy Ross” variant of the American flag was withdrawn by the apparel and footwear manufacturer on the basis of

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Swiss Franc Strengthens On Surplus Budget Forecast

  The USD/CHF pair moved in a zigzag manner yesterday before the Swiss franc gained ground slightly against the greenback, aided by the Swiss government’s surplus budget forecast. The government believes that the planned pension and tax reforms would rake

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Eldorado Resorts Acquires Caesars In $17.3bln Deal

  Eldorado Resorts, Inc. (Nasdaq: ERI) is acquiring Caesars Entertainment Corporation (Nasdaq: CZR) in a cash and stock deal worth $8.50 billion in order to scale its operations and compete with large enterprises such as Las Vegas Sands and Wynn

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Norwegian Krone Strengthens On Rate Hike By Norges Bank

  The greenback plunged against the Norwegian krone after Norway’s central bank (Norges Bank) raised the benchmark interest rate in the monetary policy meeting held yesterday, in line with its previous guidance. More importantly, the Norges Bank hinted at the

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Sanofi Partners With Google On Data Technologies

  French pharmaceutical firm Sanofi (Nasdaq: SNY) revealed that it has entered into a partnership with Google to utilize artificial intelligence and other tools for in-depth analysis of data to improve therapies. Following the news, Sanofi stock closed at $43.11,

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Swiss Franc Weakens On Dovish Statement By SNB

  The Swiss franc rallied yesterday as risk aversion mood grappled the Forex market. However, the Franc was unable to maintain the gains as the focus returned to the monetary policy meeting of the Swiss National Bank and the disappointing

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Trump Raises Concern Over Raytheon-United Tech Merger

  The Aerospace firm United Technologies (NYSE: UTX) and defense contractor Raytheon (NYSE: RTN) are planning an all-stock merger. The combined market value of Raytheon and United Technologies is roughly $166 billion. The merged defense and aerospace enterprise would stand

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Euro Rallies As ECB Postpones Rate Hike Deadline

  The euro hit new multi-week highs yesterday after the European Central Bank revealed the guidelines for its TLTRO III (Targeted Longer-Term Refinancing Operations) facility, which were a cut above than expected. Upbeat German factory orders data also supported the

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