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 MoreAussie 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 MoreTwitter 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 MoreEU 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 MoreEU 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 MoreSharp 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 MoreBank 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 MoreAustralia 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 MoreSAFE Intensifies Crackdown On Illegal Capital Transfers
China’s foreign exchange regulator announced earlier this week that it has busted a number of entities carrying out illegal forex trade as a part of its campaign to curb large-scale capital flight. The State Administration of Foreign Exchange (SAFE) has
Read MoreeBay signals downtrend on lackluster Q1-2017 EPS view
In January end, e-commerce company eBay Inc (NASDAQ: EBAY) reported fiscal 2016 fourth-quarter earnings that beat analysts’ estimates. The quarterly revenue was also in line with the market’s expectation. This propelled the stock price of eBay to $34 levels in
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