Raymond James Sees Spotify Subscribership Doubling In Two Years

Investing.com - Spotify will double the number of its subscribers by 2020, as the music industry shifts from "a transaction to an on demand model," according to investment firm Raymond James.With that thinking, the firm initiated coverage of the music streaming company, issuing a strong buy ratin ...

EUR/CHF trims losses but still sharply lower

CHF retreats but still holds to significant gains versus Euro. EUR/CHF heads for the seventh slide out of the last eight days. The EUR/CHF pair is falling sharply on Wednesday and from last week highs lost more than 3%. During the European session bottomed at 1.1580, the lowest level sinc ...

State Regulators Unleash ‘Operation Crypto Sweep’

Investing.com - Now state regulators are cracking down on cryptocurrency fraud.Regulators in some 40 U.S. states and Canadian provinces have launched "Operation Crypto Sweep," a coordinated effort to uncover illegal investment schemes to raise funds from investors, such as initial coin offerings ...

Greece stocks lower at close of trade; Athens General Composite unchanged

Investing.com – Greece stocks were lower after the close on Wednesday, as in the sectors led shares . At the close in Athens, the Athens General Composite unchanged 0.00%. The best performers of the session on the Athens General Composite were Piraeus Bank SA (AT:BOPr), which fell 5.52% or 0.160 ...

Forex- Dollar Surges Ahead of Fed Minutes

Investing.com - The greenback rose to a five month high on Wednesday, as investors look ahead to the latest meeting minutes from the Federal Reserve. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.42% to 93.90 as of ...

Israel stocks lower at close of trade; TA 35 down 0.56%

Investing.com – Israel stocks were lower after the close on Wednesday, as losses in the Insurance, Oil&Gas and Financials sectors led shares lower. At the close in Tel Aviv, the TA 35 declined 0.56%. The best performers of the session on the TA 35 were Strauss Group (TA:STRS), which rose 5.10% ...

USD/CAD retreat lower after hitting 1.2900 handle resistance

USD/CAD stays in the range between the 1.2750 and 1.2900 levels as the greenback hits a new multi-week high. The FOMC’s minutes is the next market-mover scheduled for 18:00 GMT.  The Loonie rose steadily in Asia and early Europe to print an intraday high at 1.2917 whic ...

USD/CAD appears neutral near term – Scotiabank

FX Strategists at Scotiabank suggested the pair should meet resistance in the mid-1.2900s and 1.2980. Key Quotes “Sentiment is dominating as market participants assess the ongoing turbulence in emerging markets and its implications for global growth and commodity prices. Risk reversals ar ...

United States EIA Crude Oil Stocks change above forecasts (-1.567M) in May 18: Actual (5.778M)

Gold Falls as Investors Look Ahead to Fed Meeting Minutes

Investing.com - Gold prices were lower on Wednesday, as investors looked ahead to the meeting minutes of the Federal Reserve and the dollar strengthened. Comex gold futures for June delivery were down 0.24% to $1,288.90 a troy ounce as of 10:34 AM ET (14:34 GMT). Investors are looking ahead to th ...

Fed May Face Familiar And Formidable Foe In Oil Spike

Investing.com - The new Federal Reserve chairman may soon be facing an old quandary-- how to raise interest rates to counter rising crude oil prices without triggering a recession. Jerome Powell's chances of success, however, are not good. History shows that every recession since the early1970s ha ...