Archive

Pound up on EU’s Probable Nod for Transition Deal

  A steep decline in the German unemployment figures for August stoked a Euro dollar rally against the Pound in the final week of September. The Pound was also weakened by the widened second-quarter trade deficit of the UK. After

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GM Announces Major Electric Vehicle Plan

  The biggest automobile manufacturer in the US, General Motors Company (NYSE: GM), reported a better than anticipated second-quarter non-GAAP earnings of $2.876 billion or $1.89 per share. However, the company’s 2Q17 revenues of $36.984 billion were below the Street

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Aussie Turns Weak on Decline in Retail Sales

  The AUDCHF pair has been range bound between 0.7580 and 0.7780 for the past two months. A sharp drop in the price of iron ore has turned the Aussie weak against other major currencies. However, the Swiss Franc also

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Toyota Reports 15% y-o-y Increase in Vehicle Sales

  The stock of Toyota Motor Corporation (NYSE: TM) has appreciated by nearly 10% in the past month and is currently trading near its 12-month high of $123.18. The Japanese auto manufacturer had posted 1Q18 net income of ¥613.06 billion

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Facebook, Least Trustworthy as per Quartz Survey

  Last week, amid pressure from Congress, online social media platform Facebook, Inc. (NASDAQ: FB) confirmed that several Russia-based groups have bought ads to influence the voters during the US Presidential campaign. For several months, opposition parties have been voicing

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Strong German Factory Orders Turn Euro Bullish

  After remaining bullish for nearly three months, the Euro started declining in early September. Even though the economy was improving and the ECB was expected to reduce the monetary stimulus, still, the currency declined against most of the G10

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US Dollar Up on Strong ISM Manufacturing PMI Data

  In our report dated September 20th, we had predicted a decline of the AUDUSD currency pair, from the level of 0.7979. We had also mentioned our interest to go short in the currency pair and also invest in a

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Blackberry Swings to Profit in 2Q18

  On Thursday last week, the once iconic smartphone manufacturer BlackBerry Limited (NASDAQ: BBRY), which licensed its hardware technology last year and started focusing on software, reported better than anticipated fiscal 2018 second-quarter results that beat analysts’ estimates. The company

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Groupon Signals Probable Turnaround in Operations

  The stock of discounted deals provider Groupon, Inc. (NASDAQ: GRPN) is in an uptrend after it reported a narrowed net loss in the fiscal 2017 second-quarter. The company missed the revenue estimates by a small margin, but surpassed earnings

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Strong Q2, 3.1% GDP Growth Turns Greenback Bullish

  The Canadian dollar has been on a roll against the Greenback since the beginning of June. An unexpected GDP growth of 4.5% in the second-quarter, two quick rate hikes, and a crude oil rally strengthened the Canadian dollar against

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