Amazon Preparing For 30 Hour Prime Day Shopping Festival
Online shopping giant Amazon has announced that its mega online shopping festival ‘Prime Day’ which offers its customers thousands of lucrative deals will be on July 10. This will be the third annual ‘Prime Day’ event for Amazon and is
Read MoreEuro strengthens on Draghi’s hint at slashing stimulus
The victory of Emmanuel Macron in the French election and the narrowed spread between the French and German government bond strengthened the Euro against the Aussie. From a low of 1.4800, the currency cross has rallied to a high of
Read MoreBIS Report Says Japanese Banks Vulnerable To Funding Shocks
Due to the increased exposure to the U.S. dollar, Japanese banks are vulnerable to funding shocks according to the Bank for International Settlements (BIS). A report from BIS states that since 2007, Japanese banks have seen a doubling of their
Read MoreSaudi Arabia Makes Entry Into MSCI Watchlist For Emerging Markets Index
Saudi Arabia has reached a major milestone as an emerging market with leading index provider MSCI Inc announcing that it is potentially considering including Saudi Arabian stocks in the MSCI Emerging Markets Index in 2018. Saudi Arabia which is said
Read MoreNew EU proposal For Euro Clearing Not As Bad As Feared
Financial analysts state that the recently released EU proposal for euro clearing might result in greater control for Europe but has eased concerns that the €1trillion (£880 billion) a day business would need to be shifted fully to a European
Read MoreUK Consumer Spending Falls For First Time In Nearly 4 Years
Recent data suggests that British consumers are slashing their spending for the first time in almost four years, underscoring worries of a slowdown in the economy. Based on a report from IHSMarkit and Visa, consumer spending was down 0.8 percent
Read MorePoor trade surplus turns the Aussie weaker
After falling nearly 500 pips against the Swiss Franc in the last two months, the AUD/CHF pair is trying to gain back the lost turf. The reversal was also supported to a certain extent by the Australia’s first-quarter GDP growth
Read MoreAussie signals downtrend on macro-economic issues
On the basis of the RBA’s mild hawkish tone in the monetary policy statement issued in May, we had forecasted a rally in the AUD/USD pair, with entry and exit near 0.7380 and 0.7510, respectively. Additionally, we had also expressed
Read MoreUS Taxpayers Put Off Tax Payments In Anticipation of Overhaul
The U.S. government is said to be facing a cash crunch as a result of wealthy individuals and businesses choosing to postpone their tax payments in the hope that the Trump administration will soon announce the promised big tax cuts.
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