SEC Indicates Digital Coin Offerings to Different Securities Law

The SEC or United States Securities and Exchange Commission has determined that the security regulations of the nation would be applicable for ICO or Initial Coin Offerings which is a form of new digital coins issuance. In a statement, the

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New Rules Proposed by FCA for Aiding Saudi Aramco Listing on LSE

The Financial Conduct Authority (FCA) which is a UK based regulatory body has proposed a new set of rules this week. It will enable the sovereign state owned companies like oil giant Saudi Aramco for getting listed on London Stock

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Westpac and ANZ Conduct Successful Blockchain Trail with IBM

Two reputed Australian Banks Westpac and ANZ have recently announced they have successfully concluded a crucial trial in collaboration with technology firm IBM. In this trial, blockchain technology was used for the purpose of digitalization of bank guarantee process in

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Italy’s € 5.4Bn Euro Taxpayer Funded Bailout Saves Major Bank

The European Commission (EC) has given approval to the Italian Government for saving yet another bank. An amount of €5.4 billion will be used as a bailout package for salvaging Banca Monte Dei Paschi di Siena SpA. However, it will

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Canadian Dollar to Remain Bullish after Rate Hike Expectations

Recently Bank of Canada conducted a survey in which it was found that the business outlook reading for the 2nd quarter jumped to 31 from the earlier reading of 21. The survey clearly shows that the business activity is increasing

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Amazon Getting Ready for 30 Hour Prime Day Shopping Festival

The major e-commerce giant Amazon has recently announced that on July 10th 2017, it will be offering its mega online shopping festival “Prime Day”. In this customers can avail lots of lucrative deals while shopping online. This is going to

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Euro to Strengthen after Draghi’s Hint at Reducing Stimulus

Emmanuel Macron’s victory in the recently held elections and narrowed spread between German and French government bond put the Euro currency in a better position against the Australian Dollar. From a low 1.4800, currency cross has rallied to a high

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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 with entry and exit near 0.7380 and 0.7510 respectively. In addition to this, we had

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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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