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The Eurozone’s single currency seems to be heading towards parity against the US dollar, starting the year above 1.20, now trading 1.0650. In March 2014 EURUSD traded just shy of the 1.40 mark, the story is driven by the divergence in economic situations between the US and the European periphery. Following Draghi’s announcement of QE the sentiment towards the Eurozone has turned sour. Greece’s potential exit from the single currency has unnerved investors with the cur…

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Janet Yellen the newly appointed Federal Reserve Chairwoman will make her first public appearance today. The greenback is trading near a two-week high, as investors believe that Yellen will have a dovish outlook, and will leave the level of stimulus unchanged. Ben Bernanke the previous Fed Chairman had begun the tapering process, as the US economy is weaned off of the ultra-loose monetary policy. Fridays employment data, was a disappointment which some analysts believe will be one of t…

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As expected the curtain fell on JJB Sports, with 2,200 redundancies and 133 shop closures. The remaining units have been sold to Sports Direct. The company had been on the brink of collapse for some time; with the share price collapsing after the company put itself up for sale. It is a blow for the high street as another chain has gone bust which will leave further empty units in the UK. The Reserve Bank of Australia cut its interest rates overnight by 25bps to 3.25% which was only pre…

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The key event of the week in the financial markets has arrived as traders eagerly await the speech from Federal Reserve Chairman Ben Bernanke at Jackson Hole, Wyoming. Speculation as to what the context of the speech will include, however the focus is due to whether there will be another round of quantitative easing (QE3). Many analysts and market commentators had voiced that this is all but a done deal, however it opinion seems to be split as to whether it will be announced. The Presi…

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The better than expected US retail sales combined with the outcome of the Fed’s stress tests led to a strong close in the US with equity markets closing at multi year highs. In Asia equities followed their American counterparts and rallied with the regional index the MSCI set for its highest close in two weeks. The latest round of stress test’s on US banks paves the way for dividends to enable the backs to return cash to shareholders. 15 out of 19 institutions passed the te…

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