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New 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

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UK 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

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Poor 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

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Aussie 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

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US 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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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

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Pound 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

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Global 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

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Yen 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

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RBS 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

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