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Daily Market Report
for 29/07/2016
The Australian dollar looks set to take a breather after a wild Wednesday
28 Jul 2016 10:18 Business Insider Australia
As promised, it was a wild session for the Australian dollar on Wednesday. However, for all the major events that came and went - Australia's Q2 CPI release, Japan's fiscal stimulus package and the US Federal Reserve's July FOMC meeting just to name ...  more...
Croatian Gov't To Sell Stakes In 2 Hotel Cos. For $60M
28 Jul 2016 11:03 Law360 (subscription)
Law360, New York (July 27, 2016, 7:02 PM ET) -- The Croatian state agency tasked with selling the country's assets said Wednesday that it sold two hotel company stakes for nearly 402 million Croatian kuna ($59.4 million). Croatia's government, which ...  more...
Indian rupee strengthens against US dollar, up 13 paise at 67.01
28 Jul 2016 16:30 Financial Express
Indian rupee strengthened against the US dollar in early trade at Interbank Foreign Exchange market (Forex) on Thursday and opened 7 paise up at 67.07 amid selling of the American currency by banks and exporters and a positive opening at domestic ...  more...
Indian rupee hits 2-week high on GST 'magic'; but will it appreciate further?
28 Jul 2016 21:22 Financial Express
GST's magic seems to be working on the Indian rupee as well, with the currency appreciating to a two-week high of 66.9975 versus the US dollar earlier in the day.  more...
S&P 500: The Range Won't Last Forever, It Just Feels Like It
28 Jul 2016 22:52 DailyFX
The title of yesterday's commentary: “S&P 500: Looking to the FOMC to Spring It Free”. Well, we're still waiting…It was a rather uneventful reaction to the outcome of the Fed, with only a range of approximately 15 handles and a closing price about 2 ...  more...
USD/CAD Canadian Dollar Higher Despite Less Dovish FOMC Statement
28 Jul 2016 09:22 MarketPulse (blog)
The Canadian dollar is higher after the U.S. Federal Reserve ended its two day Federal Open Market Committee (FOMC) meeting and released its statement holding interest rates unchanged.  more...
Tax officials get jail term for Shin share sale |
29 Jul 2016 00:33 Bangkok Post
The Criminal Court on Thursday sentenced former deputy finance minister Benja Louischaroen and three revenue officials to three years in jail for helping children of fugitive former prime minister Thaksin Shinawatra evade a 16-billion-baht tax bill on ...  more...
Bitcoin Picks Up in Malaysia as Ringgit Falls
29 Jul 2016 05:37 newsBTC
Malaysian Ringgit has registered a fall of over 2.7 percent in the last week along. The fall of Ringgit value, in addition to falling oil prices, has had a considerable impact on the country's economy.  more...
Euro-Area Economic Sentiment Unexpectedly Rises After Brexit
28 Jul 2016 21:15 Bloomberg
Euro-area economic confidence unexpectedly improved in July in a sign that the immediate impact on growth of Britain's surprise vote to leave the European Union may be muted.  more...
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