Pound signals uptrend on signs of peaking inflation
The Euro is on a tear against the Pound as the British Prime Minister Theresa May struggles to resolve issues in her cabinet, while the Brexit talks are heading nowhere. The improvement in the Euro zone economy and positive GDP
Read MorePayPal Ordered To Disclose Canadian Customer Data From 2014
PayPal recently announced that it had received an order from the Federal Court of Canada to submit all business customer account information dating from Jan 2014 till the date the order was received – which is November 10, 2017. The
Read MoreCredit Suisse Hit With $135 Million Fine For Forex Violations
New York’s State Department of Financial Services (DFS) announced this week that they had decided to impose a fine of $135 million on French bank Credit Suisse for a number of forex violations that occurred between 2009 to 2015. Credit
Read MoreNokia sees poor demand for telecom equipment in FY18
Due to technology transition, heavy competition from China, and operator consolidation in some countries, the erstwhile mobile handset manufacturer, Nokia Corp (NYSE: NOK) reported a 7% y-o-y decline in the fiscal 2017 third quarter revenue. The non-IFRS operating profit of
Read MoreKiwi dollar weakens on decline in dairy products prices
The uncertainty caused due to general elections in the New Zealand sparked a downtrend in the NZD/USD pair. On the contrary, Trump’s reasonable success in getting the budget blueprint, which paves way for tax reforms, passed in the US Senate
Read MoreMicrosoft beats Q1 2018 analysts view, Azure revenues up 90%
After posting another quarter of exceptional results, the stock of Microsoft Corporation (NASDAQ: MSFT) opened with a positive technical gap of about 4% to trade at $83 levels on October 27. For the past one week, the stock is consolidating
Read MorePound turns weak after BoE dashes hopes of rate hikes
The Bank of England, as anticipated, raised the benchmark interest rate by 25 basis points to 0.50% on Thursday. However, the market reacted negatively to the rate hike. In general, a rate hike makes the currency of a country more
Read MoreUS SEC Warns Celebrities Of Endorsing CryptoCurrency
Following the rise and popularity of cryptocurrencies across the world, the US Securities and Exchange Commission (SEC) has released a statement this week encouraging people to be more vigilant about these new virtual currencies despite receiving support and endorsement from
Read MoreEuro up on fundamentally attractive valuations
In our October 26 report, we had forecast a downtrend in the EUR/USD pair. Further, we had also mentioned our plan to go short in the currency pair near 1.1820, with a target level of 1.1560. Our desire to invest
Read MoreBoeing’s Q3 earnings decline 19%, raises FY17 EPS view
Aircraft manufacturer Boeing Company (NYSE: BA) reported better-than- anticipated fiscal 2017 third-quarter results last week. The company also raised its fiscal 2017 GAAP and non-GAAP earnings per share outlook. However, the stock remains suppressed. Firstly, the order backlog has declined
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