Blackrock Prefers Robots To Humans For Picking Stocks
The world's largest investor Blackrock recently announced that it will be using computing programs to make stock picks for some of its funds. The firm has slashed its fees for these funds which account for nearly $30 billion of the
Read MoreCanadian dollar to strengthen on recovery in crude price
A sharp decline in the price of crude oil weakened the Canadian dollar considerably in the past two weeks. On the contrary, political uncertainty in Europe and failure of Republicans to repeal Obamacare increased the demand for safe haven currencies
Read MoreDeutsche Forecasts Further Drop In Pound Due To Brexit
Global banking major Deutsche Bank is predicting that the British pound is likely to hit parity with the U.S. dollar and the euro as a result of Brexit. In a special report on Brexit, the bank has stated that the
Read MoreSwiss Franc significantly “overvalued” says SNB
The US Fed rate hike coupled with the Swiss National Bank’s (SNB) intervention had resulted in a decline of the Swiss Franc against the major currencies including the Yen, which is a rival safe haven currency. The optimistic economic outlook
Read MoreTurkey To Restrict Access To Offshore Forex Trading Sites
Turkey is continuing with its campaign to curb largescale foreign exchange trading by small investors. A recent report released by the government stated that Turkish citizens will be barred from carrying out unauthorized foreign exchange transactions using offshore sites or
Read MoreKiwi dollar rallies on narrowed current account deficit
A wider than anticipated trade deficit and fall in global dairy prices weakened the New Zealand dollar against the Greenback in the first week of March. The NZD/USD pair’s decline was also supported by lower unemployment claims and strong ISM
Read MoreFinance Experts Believe Cautious UK Budget Overlooks Brexit Worries
UK Chancellor Philip Hammond presented the Spring Budget last week which has been largely termed by experts as modest and safe, although it failed to mention the looming challenge of Brexit. According to the budget, UK’s economy is expected to
Read MoreChina’s FX Reserves Show Surprise Increase To Cross $3 Trillion
The offshore Chinese yuan weakened against the dollar dropping by 0.04 percent to 6.8997 earlier this week, the lowest in two months even as the country’s foreign reserves climbed back over the psychological barrier of $3 trillion. According to latest
Read MoreCanadian dollar to strengthen on strong inflation data
The decline in the price of crude oil to $52.70, from $54.50 weakened the Canadian dollar, which is a commodity currency, against other major currencies. In particular, the Loonie fell sharply against the safe haven currency Swiss Franc. The demand
Read MorePound to rise on unwinding of ‘hard-Brexit’ trades
An increase in the price of iron ore to a 30-month high of about $100 per ton enabled the Aussie to gain strength against the Pound in the past few trading sessions. The hard-Brexit scenario in the UK also assisted
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