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News & Updates

August 9, 2016 Forget the blame games – Brexit is a chance to fix Europe

Source: ft.com

Many are still calling for a firm hand to be used against the UK — which is naive since Britain represents a significant proportion of EU gross domestic product and it will continue to be a leading trading partner and staunch...

August 8, 2016 Theft And Mayhem In The Bitcoin World

Source: Forbes

The schadenfreude of Bitcoin enthusiasts over Ethereum’s recent troubles ended abruptly last week. A major Bitcoin exchange, Bitfinex, was hacked and nearly 120,000 BTC (around $60m) was stolen. The price of Bitcoin promptly...

August 8, 2016 Crude Oil Approached The Moment Of Truth

Source: Seeking Alpha

I have been writing that oil product prices have been telling us that the path of least resistance for crude oil prices has been lower. Last week, crude oil cracked the $40 per barrel level as it heads towards its support at...

August 8, 2016 Obamacare users in New York brace for double-digit 2017 premium hikes

Source: CNBC

Come 2017, thousands of New York's Obamacare users will wake up to double-digit premium hikes, the latest group of consumers affected by Affordable Care Act cost increases as insurers hemorrhage money from healthcare exchanges.

August 8, 2016 China's Foreign Currency Reserves Fall But It's Still A Currency Manipulator

China’s foreign currency reserves have fallen slightly in the latest figures. Which might be showing that the country is still a currency manipulator as charged by Donald Trump and others even if a little bit less of one. Sadly...

August 5, 2016 Gold inches up on weaker dollar ahead of US jobs data

Source: Reuters

Gold edged higher on Friday on a lower dollar as investors waited for cues on the Federal Reserve's next policy move from a pivotal monthly U.S. labour report due later in the day

August 5, 2016 European shares rise helped by solid earning updates, RBS slumps

Reuters - cms/'pageId=livemarkets) The pan-European STOXX 600 index was up 0.4 percent, but remains on track for its first week of losses in four. Britain's FTSE 100 also advanced by 0.8 percent. LafargeHolcim rose more than 5...

August 5, 2016 Away from spotlight, U.S. manufacturers battle back from 'China shock'

Reuters - "What you can see on the ground today is 3,000 job openings. China's emergence as the world's low-cost producer and export superpower following its World Trade Organization entry in 2001 dealt a heavy blow to...

August 5, 2016 The Dow in a Downward Trend in U.S. Stock Market

fxdailyreport.com - Awesome day for NASDAQ Today was a fantastic day for Nasdaq as the index gained 0.1%. In addition, the important Stoxx Europe 600 followed the trend of gains after the BoE cut its benchmark internet rate from...

August 5, 2016 Business disruption in France highest in Europe

business-continuity-institute - Civil unrest is significantly more disruptive to business in France than in any other western economy, reveals a new global index released by Verisk Maplecroft, which rates the country high risk...

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