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

Mexican Peso Hits Two Month High as Crude Rises Above $35

  The Mexican peso strengthened to trade at around 22.5 against the USD, its highest level in over two months, as oil prices rose amid signs of a recovery in fuel demand as some countries continue to lift lockdown restrictions.

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Huobi Wallet Supports Crypto Buying With Credit, Debit Card

  The cryptocurrency market remains range-bound with a slight bullish bias. Bitcoin (BTC) continues to hover around $9,500 levels, but lacks the necessary momentum to break above the psychological level of $10,000. At the time of writing this article, Bitcoin

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Cisco Beats Q3 Earnings Estimates, Issues Upbeat Q4 View

  Routers, wireless, and security systems manufacturer Cisco Systems Inc (Nasdaq: CSCO) reported its fiscal 2020 third-quarter profit that declined from the comparable period last year. However, both earnings and revenues beat analysts’ estimates. The networking solution provider’s fourth-quarter guidance

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Uber Posts Widened Q1 Loss, Exits Bike, Scooter Business

  The ride-hailing giant Uber Technologies, Inc. (NYSE: UBER) reported fiscal 2020 first-quarter net loss that widened from last year, reflecting the biggest loss in three quarters. While the revenue surpassed the Street expectations, net loss per share missed forecasts

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Swiss Manufacturing PMI Declines to 40.7 in April

  The euro dollar declined against the Swiss franc yesterday following the release of better than anticipated Swiss manufacturing PMI (Purchasing Managers’ Index) data for April. Notably, the decline was aided by worse-than-anticipated Eurozone Sentix investor confidence for April.  In

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China Approves 224 Distributed Ledger Tech Projects

  The cryptocurrency market has turned bullish with Bitcoin (BTC) moving closer to $10,000 once again. Crypto market participants are hopeful that the numero uno crypto by market cap will decouple from the traditional market this time and break above

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Eli Lilly Beats On Q1 Earnings, Boosts FY 2020 Profit View

  Pharmaceutical company Eli Lilly and Co. (NYSE: LLY) posted a 66% drop in first-quarter earnings, compared with last year. The earnings mirror the gain realized on the divestment of Elanco Animal Health in the year-ago period. However, quarterly revenue

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SBI Holdings to Use R3 Corda Blockchain For Forex Trades

  The cryptocurrency market continues to remain range bound with slight bearish bias. Bitcoin (BTC) continues to hover around $7,000. In the past 24 hours, Bitcoin, which is considered as a store of value, has lost 3.7% to trade at

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BoA Downgrades Caterpillar to “Underperform”

  Heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) saw its stock being downgraded by Ross Gilardi, an analyst at Bank of America, citing clues of a huge decline in capital expenditure in energy and mining sector. News reports indicating that

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Canada Housing Starts Decline 7.3% m-o-m in March

  The Canadian dollar declined against the Japanese yen after Statistics Canada reported worse than anticipated contraction in building permits in February. The decline was also aided by an increase in inventories of US crude oil, which is one of

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