IC Markets

Canadian Dollar to Strengthen on Recovery in Crude Price 0

There is a substantial decrease in the price of crude oil, and it has a terrible impact on the Canadian Dollar over the past two weeks. On the contrary, there are increased demands for safe-haven currencies like for instance Yen

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Turkey To Restrict Access To Offshore Forex Trading Sites 0

Turkey is in the news lately for its attempted campaigns at curbing the Foreign Exchange trading done by small investors on a large scale. The government has recently released a report in which it is stated that the citizens of

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Prospects of rise in met coal price turns Aussie bullish 0

On 21st March 2017, the RBA minutes were released that points towards increased risk in the housing market as a consequence of drop of the Australian Dollar against Yen. In addition to this, the US Republicans failed to repeal Obamacare,

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Deutsche Forecasts Further Drop In Pound Due To Brexit 0

Deutsche Bank which is a leading financial institution in the banking sector has predicted that British Pound is likely to hit parity with currencies like Euro and US Dollars because of Brexit. The bank in a special report on Brexit

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Pound signals downtrend on soft inflation data 0

After the statement of Kristin Forbes regarding the raising the interest rates by Bank of England shortly, the Pounds turned bullish against Aussie in the previous week. Kristin Forbes is an external member of the United Kingdom monetary policy committee.

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Deutsche Bank Agrees to Settle the Russian Mirror Trade Probe 0

German banking major Deutsche Bank AG has agreed to end investigations by US and UK regulators by paying a penalty amount of $630 million. The bank was under suspicion for shifting $10 billion out of Russia in a time span

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UK Treasury Department Approves New Penalties For Tax Evasion 0

In one of the several new laws being introduced by the government to deal with tax evasion, HMRC or HM Revenue and Customs department based in the United Kingdom now has the power to list all the financial intermediaries who

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Ruble remains strong ahead of OPEC meeting 0

After Trump’s victory in the United States Presidential Elections, the Greenback was unable to hold onto their profits made against Russian Ruble. The main reason behind this thing is the recovery in crude oil prices. It led to a fall

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Financial Institutions Looking To Move To Europe post-Brexit 0

Post-Brexit, some different financial centres spread in Europe have started handling inquiries from financial firms about the setting of the operations. This information has been revealed by a senior executive from a fiscal, regulatory body in France. After the United

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Pound turns weak on decline in manufacturing PMI 0

A rally in the Pound against Greenback and other rivals currencies was ensured after relative undervaluation in relationships with global bond yield differentials, 1-year high growth in GDP of 2.3% in 3rd quarter of the fiscal year 2016 and 11-year

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