Intel turns weak on soft Q4 revenue outlook
The share price of chip maker Intel fell 3% during the extended trading session on Tuesday last week, even after reporting fiscal 2016 third-quarter earnings that beat analysts’ estimates. Surprisingly, the seemingly successful transformation of the company to cloud computing
Read MoreAussie turns weak on forecast of fall in commodity prices
On September 15, we had reported that the AUD/USD is on the verge of a breakout on the upside and a long position can be created near 0.7430 with a 200 pip profit target. We had also recommended investing in
Read MoreUK’s Inflation In September Hits A Nearly-Two-Year High
The United Kingdom (UK) has registered the highest inflation last month since November 2014. Latest data released by the country’s Office for National Statistics (ONS) has revealed that inflation has grown by 1 percent year on year for the month
Read MoreVolvo turns bullish on rising worldwide demand
Following the fiscal 2016 second-quarter results that topped the analyst expectations, the stock of automobile manufacturer Volvo (OTC: VLVLY, SS: VOLVB) has risen by about 20% to $10.93. The company is expected to report its fiscal 2016 third-quarter results on
Read MoreUK Treasury Officials Accused of Damaging Brexit Negotiations
David Davis, the UK’s Secretary of State for Exiting the European Union has accused remain-supporting Treasury officials of trying to undermine Britain’s position as a part of a strategy to retain Britain within the single EU market. The accusation stems
Read MoreFirm iron ore and coal prices keep the Aussie bullish
On September 23, we had suggested currency traders to take a long position in the AUD/JPY pair near 76.70, with a target of 78.20. For binary traders, we had recommended the purchase of a one touch call option. The target
Read MoreAIG valuations to rise on improved performance
Multinational insurance corporation American International Group Inc. (NYSE: AIG) reported the lowest second-quarter operating income in the aftermath of the 2008 credit crisis. However, it did not deter the investors from pushing the share price by about 10% to $59.80
Read MorePound looks cheap following strong service sector PMI
A series of positive economic data in the past one week has done little to propel the Pound against the Euro, Greenback, and other commodity based currencies such as the New Zealand dollar. The Pound has now become the prime
Read MoreAttractive valuations signal further uptrend in Citigroup
In the first two months of 2016, the share price of the banking and financial services corporation Citigroup Inc. (NYSE: C) fell nearly 30% to touch a low of $36.98. However, improved performance in the last two quarters enabled the
Read MoreIndia’s Tax Evasion Amnesty Uncovers Billions In Black Money
The Income Tax Declaration Scheme (IDS) offered by the Indian Government has resulted in collection of around Rs 65,000 crore(over $9 billion) in black money. The scheme which ended on Sept. 30, offered people the chance to declare their undisclosed income
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