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

New Zealand Posts Better-Than-Anticipated Trade Surplus

  The Kiwi dollar remained range-bound against the US dollar yesterday despite the release of better-than-anticipated trade surplus data by Statistics New Zealand. The release of impressive durable goods orders data by the US Census Bureau was the main reason

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BoA Upgrades Nike to ‘Buy,’ but Trims Target Price

  Nike Inc (NKE: NYSE) hogged the limelight on Friday after Robert Ohmes, an analyst at Bank of America, upwardly revised the stock’s rating to ‘buy’ from ‘neutral,’ highlighting resilience in both apparel and footwear. Ironically, the company slashed the

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Kiwi Dollar Turns Volatile as RBNZ Announces Rate Cut

  The New Zealand dollar declined sharply against the greenback in the Asian session Monday after the RBNZ (Reserve Bank of New Zealand) announced an unexpected rate cut while hinting at further stimulus measures to mitigate the negative impact of

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Pound Down on Emergency Rate Cut of 50bps by BoE

  The pound fell sharply against the greenback after the Bank of England slashed the benchmark interest rate unexpectedly while unveiling a fresh stimulus program for small companies. The central bank chose to reduce interest rates to negate the negative

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Citi Initiates Coverage of JnJ with ‘Buy’ Rating

  FMCG company Johnson & Johnson (JNJ: NYSE) drew the market’s attention yesterday after Citi analyst Joanne Wuensch began covering the stock with a ‘Buy’ rating. The rating may come as a surprise to some investors as the company’s key

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Kaspersky Introduces Blockchain-Based Voting Machine

  The cryptocurrency market is seeing some buying, with Bitcoin (BTC) gaining 2.8% in the past 24 hours to trade at $8,871.18. The uptrend seems to be aided by short-covering by speculators. Nevertheless, crypto enthusiasts will only become optimistic if

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Wells Fargo To Shell Out $3bn to Settle Fake Accounts Scam

   The US Attorney’s Office said on Friday that Wells Fargo (NYSE: WFC) has agreed to settle the $3 billion fine and acknowledge misconduct to close criminal and civil trials brought against them by the Justice Department and the

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Turkish Central Bank Announces 6th Consecutive Rate Cut

  The greenback rose against the Turkish lira after the Central Bank of Turkey (Türkiye Cumhuriyet Merkez Bankası or TCMB) slashed interest rates for the sixth successive time, pointing to a rebound in economic activity and the necessity to maintain

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Tesla Prices secondary offering at $767 a share

  Last Thursday, Tesla, Inc. (Nasdaq: TSLA) announced its intention to raise $2 billion through a common stock offering. The announcement came only two weeks after the company’s CEO Elon Musk stated that the electric car manufacturer would not capitalize

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Euro Declines on Weak Sentix Investor Sentiment Index

  The euro dollar declined against the Aussie yesterday after Sentix, the behavioral research institute, reported a decline in the investor sentiment in the Eurozone. The Australian dollar is strengthening on the announcement of fresh loans by China to nullify

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