Ford turns bearish on poor Q1-2017 earnings outlook

Automobile manufacturer, Ford Motor Company (NYSE: F) issued a gloomy fiscal 2017 first-quarter outlook last week. Following the announcement, the stock has so far lost about 6% of its value to close at $11.46 on Monday. As explained below, the

Read More

Study Shows Bank of Israel’s Intervention Curbs Forex Gains

A new research study has revealed that every $100 million purchased by Israel’s central bank between 2009 to 2015 resulted in a deprecation of 0.07–0.09 percent in the exchange rate. The study which was conducted by Dr. Sigal Ribon from

Read More

Intel acquires Mobileye for $15.3 billion

Last week, chip maker Intel Corporation (NASDAQ: INTC) announced its decision to acquire an Israel-based company Mobileye, a self-driving car data provider. Considering the growth prospects, which is detailed below, we forecast an uptrend in the stock price in the

Read More

Aussie signals downtrend on rise in unemployment rate

On the basis of a decline in the private capital expenditure and record high inventories of iron ore at the Chinese ports, on February 27th , we had cautioned traders about the possibility of an Aussie sell off. In this

Read More

Twitter targets e-sports viewers by partnering with ESL

The stock of social networking service provider Twitter Inc (NYSE: TWTR) hit a three month low of $14.94 last week. Ironically, on February 9th , the company had posted fiscal 2016 fourth-quarter earnings that surpassed analysts’ estimates. However, Twitter’s Q4

Read More

EU Banks Take Up Active Intervention In Volatile Political Climate

Central banks in several European countries are closely watching their currency movements against the dollar and the euro as political tensions rise across the continent. Three countries in particular – Switzerland, the Czech Republic and Denmark are considered vulnerable to

Read More

EU Levies €2 Billion Fine On The UK For Customs Fraud

Britain is faced with the possibility of being hit with a €2 billion fine from the European Union (EU) for failing to clampdown on customs fraud by Chinese importers dealing in textiles. OLAF which is EU’s anti-fraud regulatory body has

Read More

Sharp decline in German factory orders turn Euro weaker

On the basis of a high debt to GDP ratio of China and probable defeat of Marine Le Pen in the second round of the French election, we had recommended going long in the EUR/AUD pair at 1.3680, with a

Read More

Bank of America turns bullish on Fed rate hike expectations

On January 17th , we forecasted an uptrend in the stock of Bank of America (NYSE: BAC) and recommended purchasing a high option contract with expiry date falling on March 24th . The stock rose as expected and the suggested

Read More

Australia Concerned After Reported Increase In Fake $100 Notes

A surge in counterfeit $100 notes has been reported across retail establishments in Melbourne. According to a local media report, high-quality forged currency notes are being passed through shops, restaurants and pubs in the city. These notes are largely indistinguishable

Read More