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GM Swings to Loss in 3Q17, Reaffirms FY17 EPS View

  The world’s third largest auto manufacturer General Motors Company (NYSE: GM) reported a swing to GAAP net loss in fiscal 2017 third-quarter, compared to a net profit in the same period of fiscal 2016. However, the Q3 non-GAAP net

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McDonald’s Q3 Same-Store Sales Growth up 4.1% y-o-y

  The US markets hit a record high last week. However, the stock of Chicken McNuggets seller McDonald’s Corporation (NYSE: MCD) did not rally and remained bearish. The company reported fiscal 2017 third-quarter earnings that missed analysts’ estimates by a

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Dovish Tapering, Catalan Issue Turns Euro Weak

  An improvement in the Euro zone economy strengthened the Euro dollar against the G10 currencies in the past two months. In particular, the Euro had been on an uptrend against the Swiss Franc since May 2017. However, in the

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Bitcoin Turns Weak After Hard Fork

  The BTCEUR crypto currency pair was on a tear between October 1 and October 20, mainly due to the anticipation of the Bitcoin Gold fork that happened on Tuesday. Since investors holding Bitcoins would receive the new crypto currency

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Bitcoin Signals Uptrend After Bitcoin Gold Fork

  Since September 15, Bitcoin has appreciated by about 90% to hit a high of $6160.80 on last Saturday. However, in the past three trading sessions, the BTCUSD pair has lost about 15% to trade at $5390 levels. While the

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Strong Gross Merchandise Volume in Q3 Turns eBay Bullish

  Last Wednesday, the stock of e-commerce giant eBay Inc. (NASDAQ: EBAY) fell sharply despite reporting better-than-anticipated fiscal 2017 third-quarter revenue. The Q3 earnings were in line with the Consensus estimate. Investors punished the stock for issuing an unimpressive fourth-quarter

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P&G Beats Q3 Earnings View, Misses on Revenue

  The stock of the FMCG giant Procter & Gamble Company (NYSE: PG) fell about 4% last week, after it reported fiscal 2018 first-quarter revenues below analysts’ estimates. The maker of Tide detergent, however, surpassed Wall Street’s earnings estimates. P&G

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Recovery in Existing Home Sales Turns US Dollar Bullish

  In our October 2nd report, we had forecast a rally in the USDCAD pair. Additionally, we had also expressed our wish to go long in the currency pair near 1.2390. The report also carried our interest to invest in

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IBM Tops Q3 View, Posts 22nd Quarter of Revenue Decline

  On Tuesday, for the 22nd successive quarter, International Business Machines Corporation (NYSE: IBM) reported a decline in the fiscal 2017 third-quarter revenues, compared with the similar period of fiscal 2016. However, the company was able to beat the Wall

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IMF Downgrades Australia Growth Outlook

  Poor retail sales and lower-than-anticipated trade balance weakened the Aussie in the first week of September. The downtrend was also aided by a sharp fall in the price of iron ore below the $60 per ton threshold. On the

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