Archive

Strong Household Spending Keeps Yen Bullish

  Concerns over weak inflationary pressure and slow wage growth had kept the Greenback weak against the Yen, despite the accommodative policy of the Bank of Japan. In the past two weeks, the USDJPY pair had fallen from a high

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eBay Beats 2Q17 Estimates, Issues Q3 EPS Below View

  Online retailer eBay Inc (NASDAQ: EBAY) reported a steep decline in the fiscal 2017 second-quarter GAAP earnings, compared with last year. The decline was primarily due to an increase in operating expenses and higher tax provision. The company also

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Pound Firms over Talks of Transitional Deal with EU

  On the basis of weak PMI data and lack of improvement in the current account deficit situation, we had forecasted the GBPUSD pair to decline from 1.2960. Furthermore, we had mentioned our interest to open short position in the

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BoA Beats 2Q17 Estimates, CET1 Rises to 11.6%

  Aided by a strong growth in both the net interest income and non-interest income, on Tuesday, the Bank of America (NYSE: BAC) reported a better than anticipated fiscal 2017 second-quarter results. However, the stock has not appreciated so far

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Weak Inflation, Dovish RBNZ Turns the Kiwi Dollar Bearish

  Last month, Mario Draghi, president of the ECB, stated that the monetary stimulus should be withdrawn on a step by step basis as the Euro zone economy is showing signs of improvement. The hawkish tone triggered a rally in

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Morgan Stanley Value Netflix Content Library at $11bn

  The stock of entertainment company Netflix Inc. (NASDAQ: NFLX) has nearly doubled in value in the past one year. Netflix’ strategy of developing in-house content is certainly bringing in a large number of subscribers both in the US and

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Wells Fargo Misses Q2 Rev. View, Efficiency Declines

  The third-largest bank in the US by assets, Wells Fargo & Company (NYSE: WFC), reported its fiscal 2017 second-quarter earnings that beat analysts’ estimates. However, the bank missed Q2 revenue expectations. Additionally, the issues discussed below indicates that the

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US Dollar Turns Weak on Decline in Retail Sales

  The US dollar has been on a decline against its rivals due to a slowdown in inflation, poor wage growth, and arguable timing of the rate hike. On the contrary, the Canadian dollar was boosted by positive job data,

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Boeing Receives $294m Order from Algeria

  The stock of aircraft manufacturer Boeing (NYSE: BA) recorded a yearly high of $204.58 last week. Analysts attribute the positive response from customers for the bigger version of the 737 airliner, unveiled at the Paris air show, as the

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Aussie Turns Weak on Poor Growth in Home Loans

  Mixed economic data and dovish rate hike by the US Fed kept the Greenback weak for the past one month. Ironically, despite a sharp decline in the price of commodities, the Aussie managed to rally against the US dollar.

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