If you run a taxi business, then your taxi is more than just a vehicle. Taxi driving is your means of livelihood. Taxi driving is not just offering transportation services to your customers; it’s far more than that. It involves unsociable hours and a lot of driving in inner-city areas...
Both the Australian dollar and the yen gained in Asia on Friday on data sets that showed mixed economic trends but generally within expectations...
According to the latest Reuters poll, 18 economists out of 25 expect the RBA on hold next week, while the rest (7) are calling for a rate cut. Meanwhile, according to a Bloomberg survey, 6 out of 27 economists see RBA rate cut in February, with 12 expecting a rate cut in March...
Australia stocks shimmied higher in early Friday trading, with a sharply weaker Aussie dollar helping lift many of the resource names, except for the gold miners. The S&P/ASX 200 XJO, +0.34%had risen 0.5% about half an hour into the session, building on the previous day's 0...
Gold prices on Comex advanced in the Asian session, recovering from fresh two week lows reached in the previous session largely as Fed stays on its course to raise interest rates as early as mid-2015. Currently, gold trades higher by 0.44% at 1261...
GBP/USD is currently trading at 1.5045 with a high of 1.5164 and a low of 1.5017 and down 0.72% on the day. GBP/USD dropped 30 pips and recovered back into a sideways manner beneath the 1.5120 support that gave up on earlier trade...
EUR/USD is back around the 1.1300 neighbourhood after briefly testing the 1.1280 region. EUR/USD attention to EMU’s CPI Bumpy session for the pair so far, managing to climb from overnight lows around 1.1260 to as high as the boundaries of 1.1370, although it run out of legs soon afterwards...
Outlook for the pound in 2015 - Lee Hardman, Currency Analyst at Mitsubishi UFJ Financial Group, Inc. explained conditions surrounding the pound and outlook going forward...
Karen Jones, chief analyst at Commerzbank explained that GBP/USD is upside corrective near term having virtually reached target of the 1.4910/1.4813 long term Fibonacci retracement and 2013 low...
The Canadian dollar is now rapidly depreciating vs. its fellow neighbor, catapultingUSD/CAD to fresh multi-year highs near 1.2680. USD/CAD stronger as CAD deflates The offered tone in the CAD is intensifying during the European evening, with market rumours citing option barriers at 1.2600 and 1...
AUD/USD is trading at 0.7780 with a low of and high scored of 0.7908 and is down 1.55% on the day. AUD/USD has started to recover from these lows but there are no signs of the bearish tone coming to an end and this pair is destined for lower now having broken the 200 month ma at 0...
Gold prices fell sharply in EUR terms on an upbeat German employment data and sharp fall in German inflation. Drops below 5-DMA and 10-DMA The XAU/EUR pair or Gold in EUR terms trades below the 5-DMA and the 10-DMA located at EUR 1140.15 and EUR 113.45 levels...
Brent crude oil futures held above $48 a barrel on Thursday as investor inflows offset data showing that U.S. crude stocks had hit a record high...
The California Department of Business Oversight (DBO) recently issued a press statement where it denied offering Coinbase any kind of business license status to operate in California...
It’s never a good sign when your Chief Risk Officer leaves. Hedge fund giant Fortress has lost its CRO Sherif Sweillam and portfolio manager Tye Schlegelmilch. Both resigned this month after the SNB move, Reuters reports. A sub-fund partly managed by Schlegelmilch lost 7.64% after the SNB move...
EUR/USD moved slightly lower but remained broadly unchanged near the 1.1300 level after US data showed initial jobless claims declined more than expected in the latest week. Initial jobless claims dropped by 43,000 to 265,000 in the week ending January 24, marking the the lowest level in 14 years...
On Thursday the common currency held steady against the dollar despite preliminary data showing that Germany fell into deflation for the first time since July 2009 this month...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes that CAD has made fresh lows in tandem with oil prices and increased risk of a second BoC cut, opening doors for a further USD/CAD upmove. Key Quotes “CAD is weak having traded to fresh 5...
According to Jane Foley, Senior Currency Strategist at Rabobank, the RBNZ may be required to extend its dovish tone to maintain the pressure on NZD, further expecting NZD/USD to move towards 0.68 and AUD/USD to see 0.70 levels in the long term...
The greenback extends it upbeat momentum vs. its Canadian counterpart, now liftingUSD/CAD to the 1.2550/60 region. USD/CAD in fresh multi-year highs The buoyancy remains intact around the pair, now gyrating around levels last traded in April 2009 beyond 1.2550...
