Posts From Sammy

Sammy

Sammy

Sammy is our forex expert, with over 20 years experience in the financial sector, she will be keeping you up to date with the ups and downs of currencies around the world

Adobe Targets B2C, B2B Market With Acquisition Of Marketo

  Adobe Systems Incorporated (NASDAQ: ADBE), one of the world’s biggest tech companies and a pioneer in computerized document management, is getting ready to play a greater part in enterprise digital transformation by moving forward with its intended buyout of

Read More

Visa, MasterCard Reaches $6.20bln. Settlement With Dealers

  Visa Inc. (NYSE: V) and MasterCard (NYSE: MA), along with some of the top US banks agreed to pay up to $6.2 billion in a class action lawsuit with US dealers about Swipe fees yesterday. The settlement terminates a13-year-old

Read More

Aussie Recovers On Fresh US-China Trade Talks, Job Data

  The Australian Dollar took off this morning on reports of an amicable agreement that is close to being realized in the ongoing US-China trade issue. The Wall Street Journal has reported that the White House is contemplating on a

Read More

Turkey Announces New Forex Restrictions on Exporters

  Following the imposed sanctions by the US, bank deposits in Turkish lira declined by the end of August. As the lira started weakening against the greenback, the value of foreign currency loans surged. In an effort to prevent economic

Read More

New Zealand Dollar Remains Bearish On Weak Dairy Prices

  The Kiwi dollar continues its unabated downtrend against the currencies of developed countries for two main reasons: weakness in the commodity market and an interest rate hike in other developed economies. The New Zealand governor Adrian Orr stated earlier

Read More

US Sanctions Push Iranian Rial to a New Historic Low

  Distressing U.S. sanctions on Iran’s oil industry will become active on November the 4th, but the Iranian economy is already showing signs of big cracks. Coincidentally, the day the sanction sets in marks the 39th anniversary of the kidnapping

Read More

Krona To Turn Volatile On Two Major Events This Week

  The Swedish krona recorded its weakest level last week, as not seen since the 2008 financial crisis, underperforming its G10 peers and increasing the complexity of issues faced by the country’s central bank which is typically dovish. The currency

Read More

Difficult Brexit Negotiations Keep the Pound Weak

  The pound is nose-diving against the currencies of developed currencies as prospects of a no-deal Brexit is becoming possible in the view of investors, who are offsetting the risk of the Pound attaining parity with the Euro if the

Read More

Tesla CEO Makes U-turn, Says Company Will Remain Public

  Last Friday night, Elon Musk, CEO of the electric car manufacturer Tesla Inc. (Nasdaq: TSLA) surprised investors by announcing that the company will remain public, and he plans to remain in charge. The unexpected U-turn may once again increase

Read More

US Slaps Russia With Another Round of Sanctions

  On Tuesday, the Trump administration slapped Russia with two new sanctions, mounting diplomatic pressure as US lawmakers called for the deployment of more powerful measures to paralyse the Russian economy. First, the U.S. Treasury Department blacklisted several Russian enterprises

Read More