Turkey announces punitive tariffs against many American products
Lira recovers to 5.85 against USD
US alcohol, automobiles and tobacco hit particularly hard
Turkey’s heavily punished currency, the lira, strengthened sharply yesterday morning after the Turkish government announced that it would impose significant tariffs against American products in retaliation for...
Investigation has been going on for five years
Maximum fine could be 10% of international turnover
Various other banks also being investigated on similar charges
The latest news from the Eurozone forex front is that European Union antitrust regulators have charged Credit Suisse with rigging foreign exchange rates, according...
USD enjoys another strong day in Asia
USD/JPY reaches new 6-month high
EU-Japan trade deal now heading for respective parliaments
The USD enjoyed another strong day in Asian trading yesterday, building on Tuesday’s strength that was driven by Fed Chairperson Jerome Powell’s testimony on monetary policy before the US...
Options traders betting on another 9% drop in share price
Total revenue could drop to $5.32bn
Technical indicators pointing to more bad times ahead
Since reaching a high in January, McDonald’s Corp.’s stock price has dropped by well over 10%. Options traders are putting their money on the share...
Core German data could bring more direction to the market
The nearest support level is at 1.1527
1635 is the closest resistance level
The EUR remains in a rather vulnerable position right now. Yesterday, the EUR/USD traded in the region of 1.1550 in the run-up to the release of...
Tesla reports 55% production increase in Q2
Net reservations stand at 420,000
Analysts disagree whether firm can sustain 5,000-per-week production target
The share price of Tesla Inc. increased by about 6% in pre-market trading yesterday. This followed the release of an update for the second quarter.
Although the electric car...
JVCEA proposes a 1:4 cap on margin trading
This follows the EU placing a 1:2 leverage cap on crypto trading last year
There are 3.5 million cryptocurrency traders in Japan
The Japan Virtual Currency Exchange Association (JVCEA) has suggested a cap on the amount of leverage that exchanges should...
Buckingham Research Group believes that there’s more room for growth
Currently trading at 57 times expected earnings for 2020
CFRA disagrees with buy rating
Square Inc’s stock price has increased by another 5.5% since it issued its earnings report for Q2 2018 last week. The year-to-date increase now stands...
Share price surges 21% in one day
Market cap increases by $1.2bn
CFO Louden believes Roku has excellent long-term potential
Experienced traders have long known that a strong earnings report can send a firm’s stock price through the roof overnight.
In the case of Roku, it appears the market is...
New Goldman Sachs CEO wants more women on management committee
Comcast drops out of race to acquire 21st Century Fox
Two new indices announced for ether and bitcoin
More changes are coming at investment firm Goldman Sachs as it prepares for a leadership change.
The company’s current president, David Solomon,...
