Rich Archer

Rich Archer

Hi, my name is Rich Archer. I am living in London. Welcome to Binary Manual. Reach to Binary Options broker reviews and market news here.

FCA to Investigate UK Banks for ZA Money Laundering Scam

Chancellor Philip Hammond has written an application to FCA or Financial Conduct Authority which is the main governing body in the United Kingdom to investigate into Lord Peter Hain’s allegations. Peter Hain is the former Cabinet Minister of UK. Earlier

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BofA Expects 9% Rise in Net Income after Beating Q3 Estimates

The Bank of America’s stocks (NYSE: BAC) were able to recover to $25 levels after experiencing 12 months low figure of $22.74. It is interesting and noteworthy to note that Hathaway Inc. of Warren Buffet became the largest shareholder in

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USD in a Strong Position due to Great September Retail Sales

In the first week of September 2017, Greenback was able to gain momentum against Yen and other major G10 currencies. It was because of the expected Fed rate hike in December. The US Dollar was also able to push up

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Bank of England Warned UK Banks to Cut Consumer Lending

The Bank of England or BoE has issued directions to the banking institutions in the United Kingdom to cut back on consumer lending. It is so because the financial sector and wider economy might be under significant risk due to

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EUR/CAD Currency Pair to Rally Further in Coming Days

In September’s first week, the Eurodollar fell sharply against the Canadian dollar primarily because of the unexpected increase in interest rate by Bank of Canada and a dovish statement issued by Mario Draghi who is the President of ECB. However,

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General Electric Makes Huge Changes in Top Management

The industrial giant General Electric Company (NYSE: GE) which is facing massive headwinds in various segments of business has reported a decline of 48% Y-O-Y in non-GAA earnings to an amount of $2.418 billion or $0.28 per share on total

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Euro Turns Weak after Poor Retail Sales and Catalan Referendum

Euro Dollar was able to rise against the currency Yen in the early part of September after a strong employment growth in Eurozone in the second quarter. On the contrary, Yen showed it weakness after a downward revision of GDP

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Prime Minister of India under Pressure after Demonetization

Narendra Modi, the Prime Minister of India, had sent the entire country into shock on November 8, 2016, when demonetization was an introduction in the country. The demonetization drive was introduced as a stringent measure to stop the money laundering

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“dieselgate” Scandal of VW Sums up to whopping $30 bn

It has been close to 3 years that Volkswagen AG (OTC: VLKAF) the German automobile manufacturing company was caught fooling pollution tests by using a special software program. Since then, Volkswagen has kept aside $26.7 billion for buying or fixing

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Mark Carney of BoE Hints about a Possible Rate Hike Soon

A better than expected inflation rate has been reported by UK Office for National Statistics in the month of August. It has certainly raised the hopes for a hike in rates in November. In addition to this, Mark Carney who

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