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Wesfarmers – A strong investment opportunity

Introduction The Australian retail industry is largely oligopolistic, and Wesfarmers Limited comes second only to Woolworths in terms of market share through its main subsidiary, Coles. If you are a fairly conservative investor who would still like to reap the financial benefits of a company that st

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EUR/USD Sinks to 14-Month Lows, U.S. Dollar Index Surges to Multi-Year Highs

EUR/USD continued it’s steady decline on Wednesday, falling to the lowest levels since July of 2013. The pair was weighed down early in the day by the German Ifo Business Climate, a report that refects German business confidence, which came in at 104.7 missing analyst expectations of 105.9. La

Larry Ellison – Portrait of a Pioneer

This past week it was announced that Larry Ellison will be stepping down as the CEO of the Oracle Corporation and in his stead has created two co-CEOs – Mark Hurd (formerly CEO of HP) and Safra Catz, a legal mind that was successful in Oracle’s lawsuit against SAP a few years ago. This will repr

iPhone 6 Plus marks Apple’s initial foray into phablet market

Last week Apple announced two updates to its iPhone range along with a smartwatch and a new mobile payments system. The new iterations to its phone lineup, dubbed the iPhone 6 and iPhone 6 Plus, were particularly intriguing. Sales of the latter will be closely watched as it marks Apple’s initial f

USD/JPY Soars to Highest Levels Since 2008

USD/JPY continued it’s sharp ascent in Friday trading, reaching the highest levels seen since September of 2008. The greenback has been boosted by sentiment that a US rate hike may come sooner than previously expected. A report released on Monday by the San Francisco Federal Reserve showed tha

NYMEX Crude Oil Futures Fall through Support to 17 Month Lows

NYMEX crude oil futures fell to the lowest levels since late April of 2013 in Thursday trading. The decline was spurred by news released this week that the U.S. Energy Information Administration (EIA) and the Organization of the Petroleum Exporting Countries (OPEC) cut expectations for 2015 global d

AUD/USD Falls Below 200-Period Moving Average Amid Weak Consumer Sentiment

AUD/USD slipped beneath the ‘line in the sand’ 200-period simple moving average in early trading on Wednesday after a weak consumer sentiment reading late Tuesday showed rising concern over Australia’s economic outlook. Westpac Banking Corporation reported that consumer sentiment i

Is the relationship between forex movement and current affairs overstated?

By Patrick Foot, financial markets writer and IG: www.ig.com/uk/forex-trading Currencies are typically affected by a huge range of factors, and each individual investor has their own set of sources on which to base trades. Some rely heavily on analysis and sentiment from those in the know, some will

GBP/USD Gaps Lower on Monday After Scottish Separatists Lead in Poll

GBP/USD gapped lower and fell to 10-month lows during the Asian trading session on Monday, after an opinion poll showed supporters of Scottish independence taking a lead. The poll, released late Saturday by YouGov Plc, showed the Scottish independence campaign gained a majority for the first time si

EUR/USD Sinks Below 1.30 After ECB Surpise Rate Cut

The Euro fell to it’s lowest levels against the US Dollar since July of 2013, after news that the ECB cut its benchmark interest rate to 0.05% and introduced new stimulus measures. The pair dipped below the key psychological level of 1.30 briefly during the New York trading session. ADP Non-F