Archive

Aussie Strengthens on Impressive Unemployment Change Data

  Last week, the US Fed’s statement pointing out the possibility of three rate hikes next year strengthened the US dollar against its rivals. Even the Aussie, which is considered to be a strong commodity currency, was unable to withstand

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Deutsche Bank Fined $37 Million for Misleading Clients

  Deutsche bank Ag (NYSE:DB) has hit the headline once again for the wrong reasons. Earlier in September 29th, the stock was hammered to a low of $11.19 after the US Justice Department demanded the bank to pay $14 billion

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Cisco Turns Weak on Losing Legal Battle Against Arista

  Considering the lacklustre second-quarter earnings guidance given by the networking hardware and telecommunications equipment manufacturer Cisco Systems Inc (NASDAQ: CSCO), on November 20th, we had recommended investing in a put option with a target price greater than $29. The

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Pound Rises on Hopes of Interim Deal with EU

  Currencies across the board fell against the US dollar on last Wednesday, soon after Janet Yellen, the US Fed Chair, announced a 25 basis point rate hike. The Fed’s statement indicating the possibility of up to three rate hikes

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Total Signals Weakness as Oil Struggles to Hold Above $50

  The stock of integrated oil and gas company Totalfinaelf S.A (NYSE:TOT) recorded a high of $50.75 on Wednesday. The announcement of a production cut by the OPEC members and the investors’ expectation of better refining margins for the company

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Canadian Dollar Remains Weak on Housing Bubble Concerns

  On November 30th, we had forecasted a decline in the USDCAD pair and had recommended going short at 1.3450 levels, with a target of 1.3250. To binary traders, we had suggested investing in a low or below option contract

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Forecast of Rise in Demand for DRAM Turns Micron Bullish

  Semiconductor chip manufacturer Micron Technology (NASDAQ: MU) became the talk of the town last week when it completed the acquisition of Taiwan-based memory chip manufacturer Inotera Memories, Inc. in a deal worth $4 billion ($0.94 per share). The news

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Caterpillar Signals Downtrend on Fitch’s Rating Downgrade

  The stock of earth moving equipment manufacturer Caterpillar Inc (NYSE:CAT) registered a new 12-month high of $97.33 on December 7th. Considering the stress given by Trump to fix the infrastructure of the US, the stock of companies in the

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Aussie Remains Weak on Posting 0.5% GDP Contraction

  The unexpected boom in the commodity prices enabled the Australian dollar to rally against all other currencies including the Greenback. Furthermore, the Aussie was able to consolidate against the US dollar mainly due to the market’s perception that the

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GoPro Turns Bullish as Camera Unit Sales Climb 35%

  Poor fiscal 2016 third-quarter results pushed the stock of action camera manufacturer Gopro Inc (NASDAQ: GPRO) below $10 in November. Investors continue to shy away from the stock even after introducing two new variants of cameras. However, it seems

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