Aussie turns bearish on weak Consumer Price Index data

Following the weak consumer price index (CPI) data, the Aussie declined against the Swiss Franc from a high of 0.75550 to a low of 0.74062 on Wednesday. While the Aussie was expected to fall against most of the major currencies,

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Strong cloud business prospects keep Microsoft bullish

On Thursday last week, software giant Microsoft Corp (MSFT) reported its fiscal 2016 third quarter results, which were below the analysts’ estimates. Following the results, on Friday, the shares went into red to close at $51.78. However, many traders believe

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Kiwi signals downtrend on low business confidence

The economies of New Zealand and Japan are diametrically opposite to each other. The New Zealand’s economy is heavily dependent on the export of dairy products, while the Japanese economy is reliant on the export of consumer electronic goods, automobiles

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Ford turns bullish on strong first quarter sales

Amidst the slowdown in the global economy, the US automotive sector continues to fare remarkably well. In March, the Ford Motor Co. (F) achieved a milestone by overtaking General Motors in monthly sales. In this regard, the financial news edition

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RBS Withdraws All Banking Services To Kingfisher Beer In Europe

Despite his best efforts, liquor baron Vijay Mallya’s troubles are extending to his overseas ventures as well. The Royal Bank Of Scotland (RBS) recently announced that it is planning to withdraw its credit line and other banking services provided to

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Aussie signals bearish reversal on poor economic data

Very few traders and analysts would have expected the Aussie to strengthen against the US dollar in the past three months. There was not even a single positive report about iron ore, which contributes the most of export revenue for

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Alcoa turns bullish as earnings beat estimates

In the past eight months, the share price of the renowned aluminum manufacturer Alcoa (AA) remained mostly range bound between $8 and $10. It is needless to say that the commodity price decline was primarily responsible for the poor performance

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UK Banks’ Have Payed Out Up To £53 Billion Due To Misconduct

A study has revealed that U.K.’s retail banks have paid almost £53 billion as fines for financial misconduct since 2000. Over the years, this has affected the ability of the banks to rebuild capital, reduced dividends for investors and limited

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Greenback remains weak against the Yen on economic woes

The unabated march of the Japanese Yen against the US dollar continues to rattle the equity markets this week. The USDJPY pair declined to touch a 17 month low of 110.30. For at least six months as of now, the

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Tesla firms up on strong pre-order for Model 3 sedan

The introduction of Model 3 electric sedan by renowned electric car maker, Tesla Motors (TSLA), has turned the market’s attention, as expected, towards the company. In less than two months, the share price of Tesla had soared by $100. Optimists

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