The Weekly Wrap Up – (Part 3)

On Friday, the Australian Benchmark – S&P/ASX 200 closed higher by 24.1 points to end the week at 6,517.10, covering up losses made during the week.

AUDUSD is taking up bullish stance, according to technical experts. The Australian Dollar reached high of 0.687, and fundamentally, currency analysts say commodity prices and lower interest rate is sugessting an appreciation.

Meanwhile, in the US, the markets also ended the weekend session on a positive note, attributing to somewhat better job data, and slowing skepticism around a recession.

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6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

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