AUD/USD Currency Pair Likely to Decline from Current Level of 0.7510

Based on the mild hawkish tone of RBA in the monetary policy statement issued last month, we speculated a rally in the currency pair AUD/USD entry and exit near 0.7380 and 0.7510 respectively. In addition to this, we had also

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Concern for Financial Industry Raised after Global Cyber Attack

Recently, all the computers across the globe have been badly hit with an unprecedented cyber attack and the NHS Hospital Network in the UK is one of the worst hits. There is a worldwide spread of a ransomware that has

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6 Month Low Flash PMI Makes Yen Turn Weak

On 11th of May 2017, we informed our readers to opt for a short position in the currency pair USD/JPY near 114.40 with a target of 111.20. We also notified the traders to but a put option in the binary

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RBS Making Last Minute Settlement Attempts with Investors

Royal Bank of Scotland (RBS) which is a British banking firm is looking forward to settling with the investors in the last minute attempt for stopping the case related to 2008 rights issue from going to the court. The bank

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Anticipation of Overhaul Puts off Tax Payments by US Taxpayers

The US Government has recently announced that it is facing a cash crunch issue lately because of the wealthy individuals and businesses looking forward to postponing their tax payments in the hope that Trump administration will soon announce the promising

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Goldman Sachs Backs its Decision of Buying Venezuelan Bonds

Goldman Sachs has defends its decision of buying the bonds issued by state oil company of Venezuela in the year 2014. Recently the company was severely criticised by the head of the legislative house in the country for this decision.

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Account Hackings of UK Customers Up by Nearly 50 Percent in 2016

According to a new report, the online account hackings of customers in the United Kingdom (UK) is nearly doubled in the year 2016. This data was released by Cifas which is a fraud prevention service in its annual report called

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UK Economic Slowdown Makes Pound Weak

During the past 2 months, the Pound has an amazing rally against the Greenback. The uptrend of Pound against US Dollar was supported by the announcement of early elections and good economic data. During the last 30 days, the currency

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Global Code of Conduct for FX Market Finally Released

The much-awaited wait is finally over as finally the global code of conduct for the forex market has finally been released on 25th of May, 2017. The Bank of International Settlements’ Foreign Exchange Working Group (FXWG) has prepared the FX

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Foreign Exchange Reserves of China Rises for Third Consecutive Month

The Foreign Exchange Reserves of China have seen an unprecedented rise for the third consecutive month and has beaten all the market expectations. The reserves have risen by $21 billion in the month of April 2017 and reached $3.03 trillion

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