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"The dollar-rupee has become a play on global markets, and we may see a pause in the dollar's runaway gains," said Anindya Banerjee, a currency analyst at Kotak Securities, a brokerage in Mumbai. The partially convertible rupee closed at 61.19/20 per dollar, compared to Friday's close of 61.14/15...
The stronger U.S. economy and the possibility of higher interest rates helped drive the EUR/USD lower in July. At the same time, Euro investors are starting to believe the European Central Bank may have to impose more aggressive economic stimulus on the Euro Zone in order to avoid deflation...
China’s antitrust crackdown signals a new era of regulatory scrutiny in the country and threatens to end the days when products from Audi sedans to Starbucks lattes generate fatter profits in Beijing than in London or New York...
Comex Gold futures closed lower for July and near the low of the month, suggesting more selling pressure may be coming in August. The short-term view shows a market that is very sensitive to U.S. economic data and not too much to geopolitical events...
Many traders know about candle patterns and use some of them as an additional signal for trading. This method is very intuitive because of its graphical representation. Unfortunately this simplicity conceals a flaw which is not visible at the first sight...
Monthly Natural Gas futures declined sharply in July after below normal summer temperatures drove down air conditioning usage and thereby demand for fuel to run the power plants. Record injections drove supply higher, putting inventories at nearly record levels...
German economic confidence weakened sharply to the weakest level since December 2012 as geopolitical tensions weighed on analyst expectations, the results of a closely watched survey from the Mannheim-based Centre for European Economic Research/ZEW showed Tuesday...
GBPUSD posted its biggest monthly decline in July since May 2013. The selling pressure was driven by the strengthening U.S. economy and increased expectations for higher U.S. interest rates. The U.S. Non-Farm Payrolls report, due to be released on August 2, could set the tone for August...
Hong Kong’s latest inflation-linked bonds rose on their debut on speculation investors are switching to the new notes to extend the maturity of their holdings. The linkers due 2017 rose 5.2 percent at the close, Hong Kong Stock Exchange data show. Similar securities due 2016 fell by 0.3 percent...
This is the most depressing day in the cryptocurrency markets as every top coin, including the likes of Bitcoin, Litecoin, Darkcoin, Dogecoin, etc. have fallen massively in the last 24 hours. Here is the full report: BTC/USD The BTC/USD opened yesterday while being trading at around $591...
U.S. stock-index futures climbed, indicating that equity benchmarks will extend a rally that has already produced the biggest two-day gains since April...
“Our ratings on Arab Mediterranean banks have been dragged down since the end of 2010 by the deteriorating creditworthiness of their respective sovereigns, especially given the concentration of government paper that banks carry on their balance sheets,” said Standard & Poor's...
The improving U.S. economy and the threat of an early interest rate hike by the U.S. Federal Reserve helped boost the USD/JPY in July. This developing trend is expected to continue if the U.S. economy continues to be supported by strong jobs and inflation data in August...
Amazon has reportedly halted pre-orders of some Disney films, in what looks like another contract dispute following the online retailer's row with a book publisher. Physical copies of titles such as Maleficent and Captain America: The Winter Soldier were unavailable for order on Amazon.com...
Given the fact that the foreign exchange market is by far the largest most liquid market in the world – with around US$5.3 billion traded daily according to the latest Bank for International Settlements’ (‘BIS’) triennial survey – many day traders are not surprisingly taking up FX trading...
Tuesday -- Sweet Tooth for Candy Crush There has never been a mobile app as lucrative as King Digital Entertainment's Candy Crush Saga, paving the way for the casual gaming darling's initial public offering earlier this year. King went public at $22...
USDCAD Tests S3 Support Range Resistance Found at 1.0992 Prices above R4 Signal a Breakout USDCAD 30min Chart As seen in the chart above, the pair has retraced to its daily range support found at the S3 camarilla pivot near 1.0951...
New Zealand financial authorities have given Indian investigators a large amount of tax data about Indians stashing black money in New Zealand, the Press Trust of India (PTI) reports...
Online media firm BuzzFeed has raised $50m (£30m) of new funding from venture capital firm Andreessen Horowitz, which sees the US startup becoming a “preeminent media company” in the future. The round takes BuzzFeed’s total funding to $96...
