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OnePlus Investigating Rise In Credit Card Fraud Complaints From WebStore

OnePlus is one of the leading mobile manufactures based out of Shenzen, China. The company launched in late 2013 and quickly became one of the top brands in the global mobile gaming market with its flagship OnePlus phone. OnePlus has

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Mixed Economic Data Keeps Greenback Range Bound Against Rivals

Lower than anticipated JOLTS job openings, weak PPI data, and a rise in unemployment claims has turned the greenback weak against its rivals. A Bloomberg report revealing Chinese officials’ recommendation to their government to trim down Treasury purchases has also

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US dollar Remains Weak on Increase in Unemployment Claims

The US dollar, which has turned weak, following the soft JOLTS job openings data (5.88 million vs. 6.05 million expected), came under an increasing selling pressure on Wednesday after a Bloomberg report claimed that officials in China had recommended to

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Virtual Cryptocurrency Services By Korean Banks Being Inspected

South Korean financial authorities report that they are currently inspecting six local banks which offer virtual currency accounts to multiple institutions. The inspection will be carried out jointly by the Financial Supervisory Service (FSS) and the Financial Services Commission (FSC).

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Lack Of Impetus Keeps EUR, JPY, & USD Range Bound

A series of low impact data was reported from the Europe, US and Japan yesterday. As detailed below, the German industrial production and trade balance data was impressive. However, it was offset by a poor French trade balance data. The

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Chinese FX Reserves Rising As Capital Curbs Help Boost Stockpile

China has seen its foreign exchange reserves rise to its highest amount in over a year based on data published for December 2017. This marked the 11th straight month of increase in China’s foreign exchange. The country’s forex reserve climbed

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Six Year High Services PMI Data Keeps Euro Bullish

The EURGBP pair has been range bound between 0.8780 and 0.8930 for the past four months. The recovery in the Euro zone economy keeps the Euro bullish. Likewise, the successful completion of the first round of Brexit talks turned the

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US Non-Farm Payrolls Data Misses Estimates

The Non-farm payrolls (NFP) data was released yesterday. However, the US dollar did not move much. It has been the case for the past few months. Gone are the days where a strong or weak employment data would cause a

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EU Banks Spend Billions To Comply With New MiFID II Regulations

Bankers in the European Union (EU) worked tirelessly this week to ensure that the launch of the latest banking reforms happened smoothly on Wednesday. These changes were made to ensure that the financial crisis that gripped the world a decade

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Eurozone Economy Continues To Power Ahead

The Euro dollar is off to a brisk start in 2018 as the 19-member Eurozone economy continues to improve, as indicated by the Eurozone and German services PMI data reported yesterday. Most of the traders are expected to return back

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