Goldman Sachs Defends Its Purchase Of Venezuelan Bonds
Goldman Sachs has strongly defended its decision to buy bonds issued by Venezuela’s state oil company in 2014 after being criticized by the head of the country’s legislative house for the decision. Julio Borges, leader of Venezuela's National Assembly has
Read MorePound weakens on indications of UK economic slowdown
The Pound had a stupendous rally against the Greenback during the past two months. Good economic data coupled with announcement of early election in the UK supported the Pound’s uptrend against the US dollar. In the past one month, the
Read MoreGlobal Code For Forex Market Has Finally Been Released
The much-awaited global code of conduct for the foreign exchange market was released on May 25. The FX Global Code of Conduct has been developed by the Bank of International Settlements’ Foreign Exchange Working Group (FXWG) which consists of 16
Read MoreYen turns weak on 6-month low flash PMI
On May 11th , we had expressed our intention to go short in the USD/JPY pair near 114.40, with a target of 111.20. We had also stated our interest to invest in a put option in the binary market. As
Read MoreRBS Makes Last Attempt With Settlement Offer To Investors
British banking firm, the Royal Bank of Scotland (RBS) is said to be close to settling with investors in a last-minute attempt to stop the case regarding its 2008 rights issue from going to court. The bank has doubled its
Read MoreGlobal Cyber Attack Raises Concerns For Financial Industry
An unprecedented cyberattack has hit computers worldwide and among the worst-hit has been UK’s NHS hospital network. The swift worldwide spread of the massive ransomware attack has led to several government agencies and companies racing to halt the cyber attack
Read MorePound turns weak as BoE slashes FY17 GDP growth view
The positive sentiment created due to the announcement of snap elections in the UK enabled the Pound to forge great heights against other G10 currencies. Poor retail sales and employment data, on the other hand, kept the Australian dollar weak.
Read MoreUK Customer Account Hackings Up By Nearly 50 pct In 2016
The number of online accounts being hacked in the United Kingdom (UK) nearly doubled in 2016 according to a new report. Fraud prevention service Cifas has released the latest edition of its annual report ‘Fraudscape’, analyzing data from 387 organizations
Read MoreChina’s Foreign Exchange Reserves Rises For Third Straight Month
For the third consecutive month China’s foreign exchange reserves have seen an increase, beating market expectations. The reserves climbed by $21 billion in April reaching $3.03 trillion, as compared to the rise of $3.96 billion in March. The country’s regulatory
Read MoreLow unemployment, rise in dairy prices turn Kiwi bullish
In the last week of April, strong current account surplus and higher than anticipated flash manufacturing PMI reading pushed the Euro dollar higher against the US dollar and other major currencies. The rally was notably strong against the New Zealand
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