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

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

Read More

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

Read More

Amazon Plans Spending $700mln. To Train 100,000 Employees

  Yesterday, Amazon.com, Inc. (Nasdaq: AMZN) revealed its intentions to retrain one-third of its U.S. staff— or 100,000 employees — by 2025 to assist the transition into more sophisticated tasks or seek better opportunities. The scheduled program is one of

Read More

Fujitsu Launches Blockchain-Based Credential Rating Service

  Following the bullish trend reversal that happened last week, the cryptocurrency market is inching forward steadily. Bitcoin (BTC) once again leads the market with an 11.1% gain in the past 24 hours to trade at $12,667.14. Notably, Bitcoin has

Read More

Euro Remains Weak Despite Strong German Trade Surplus Data

  The euro-dollar continues to remain bearish against the greenback, despite Germany – the economic powerhouse of the Eurozone – posting an impressive trade surplus and small industrial production growth. From a high of 1.1315, the EUR/USD pair declined to

Read More

US Dollar Remains Range Bound Despite a Flurry Of Weak Data

  The US dollar dropped sharply yesterday during the US session as anticipations of a Fed rate cut increased following the release of a series of weak economic data. In particular, the greenback plunged against the yen, but optimism over

Read More

IMF Expects Launch Of Central Bank Digital Currency

  The cryptocurrency market remains in a correction mode which started last Saturday. Bitcoin (BTC), which hit a high of $13,980, has lost about 30% in the past five trading sessions to trade at $10,344 at the time of writing

Read More

Robust Wholesale Sales Data Propel Canadian Dollar

  The Canadian dollar started strengthening midweek against the greenback as wholesalers posted their quickest two-month gain in nearly four years, while crude oil prices continued to remain bullish. The Canadian dollar’s appreciation was limited on the heightening diplomatic and

Read More

G7 Taskforce To Be Setup For Studying Crypto Regulation

  The cryptocurrency market continues to remain in an uptrend with occasional small price corrections. Bitcoin (BTC) has gained 4.6% in the last 24 hours to trade at $11,183.71. Similarly, Ethereum (ETH) has gained 2.8% to trade at $312.20. However,

Read More

Kiwi Dollar Rises As Q1 GDP Growth Meet Estimates

  The Kiwi dollar rallied against the greenback yesterday after Statistics New Zealand reported fiscal 2019 first quarter GDP in line with analysts’ estimates. Most of the economic growth has come from the impressive performance of the construction sector. The

Read More