Pound turns weak after BoE dashes hopes of rate hikes
The Bank of England, as anticipated, raised the benchmark interest rate by 25 basis points to 0.50% on Thursday. However, the market reacted negatively to the rate hike. In general, a rate hike makes the currency of a country more
Read MoreUS SEC Warns Celebrities Of Endorsing CryptoCurrency
Following the rise and popularity of cryptocurrencies across the world, the US Securities and Exchange Commission (SEC) has released a statement this week encouraging people to be more vigilant about these new virtual currencies despite receiving support and endorsement from
Read MoreEuro up on fundamentally attractive valuations
In our October 26 report, we had forecast a downtrend in the EUR/USD pair. Further, we had also mentioned our plan to go short in the currency pair near 1.1820, with a target level of 1.1560. Our desire to invest
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