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

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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ConsenSys Buys SEC Regd. Broker Heritage To Tokenize Bonds

  The cryptocurrency market remains range bound with slight bullish bias. Bitcoin (BTC) is making another attempt to cross $10,000 level. At the time of writing this article, the cryptocurrency was trading at $9,600.20, up 4.2% in the past 24

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Pound Turns Volatile as Market Awaits BoE’s Rate Decision

  The British Pound rallied against the greenback in the European session yesterday after the data from the UK’s Nationwide Building Society (NBS) indicated that house prices rose at the quickest rate in over a year in January. However, the

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American Express Beats Q4 EPS Estimates, Revenue In-Line

  American Express Co (NYSE: AXP) reported its fiscal 2019 fourth-quarter profit that declined from last year. However, the financial institution’s quarterly results surpassed analyst anticipations, primarily due to an increase in card fees. Following the impressive results, the stock

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China Leaves Benchmark Lending Rate Unchanged

  As anticipated, the People’s Bank of China (PBoC) left the benchmark lending rates unchanged for the second successive month. The prime rate for a one-year loan was maintained at 4.15% and the prime rate for five-year loans at 4.80%.

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UK Inflation Drops Unexpectedly to 3-Year Low

  The pound declined against the euro dollar yesterday, after Michael Saunders, the Bank of England’s policymaker, joined his colleagues in backing a rate cut as the UK inflation rate declined to its lowest level since November 2016. Notably, the

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Barclays Upwardly Revises Starbux Citing Innovation

  The shares of Starbucks Corporation (NASDAQ: SBUX) rallied yesterday after Jeffrey Bernstein, an analyst at Barclays upgraded the stock’s rating to “overweight,” from “equal weight”, citing menu innovation and impressive customer service. The analyst believes that the company could

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China’s Private Sector Growth Slows Down In December

  The greenback rose against the Chinese yuan yesterday after the Caixin China Composite Purchasing Managers’ Index (PMI) for December signaled a slowdown of the manufacturing and services sector in China. From a low of 6.96246, the USD/CNY pair rose

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