Ringgit to strengthen on forecasted 4.2% YoY GDP growth
The stellar non-farm employment change, better than expected core retails sales, a decline in the unemployment claims, higher than expected flash manufacturing PMI, and Brexit related uncertainty enabled the US dollar to have an exceptional bullish run against most of
Read MoreAmphenol beats Q2 expectations, raises FY16 EPS outlook
Aided by an increase in demand for electronic goods worldwide, Amphenol Corporation (APH), the designer and manufacturer of high-tech electrical and electronic components, reported more than a 10% rise in the fiscal 2016 net sales, compared to prior year’s corresponding
Read MorePound signals reversal on rise in core CPI
On June 17th , we had recommended taking a long position in the GBPPLN currency pair at 5.50 with a target of 5.70. In a matter of one week, the GBP/PLN pair hit a high of 5.7460, before falling sharply
Read MoreItaly’s Teetering Economy May Trigger EU Battle
Italy is seen to be on the brink of an economic and political crisis which has been brewing for some time. The country’s banks has on its books bad loans that now amount to over €360 billion, weighing down the
Read MoreBoE Expected To Slash Interest Rates To Boost British Economy
The UK’s central bank, the Bank of England (BoE) is planning to take action on the interest rate front for the first time in seven years as a result of the economic volatility from the Brexit vote. It is widely
Read MoreAZZ turns bullish on reiteration of FY17 EPS and revenue
On Friday, the shares of metal finishing solutions provider AZZ incorporated (AZZ) closed at $60.12, which is just a few notches below the 12-month high of $60.92. The company reported its fiscal 2017 first-quarter results last week. The earnings missed
Read MoreLoonie turns bullish as crude oil consolidates around $50
Almost a week before the announcement of the Brexit referendum results, the CAD/JPY hit a 4-year low of 76.12. However, it has recovered marginally since then. There is no need for an extensive research to understand that the actions of
Read MoreUK Chancellor Announces Initiatives To Support UK Economy
UK Chancellor George Osborne has announced that he is considering slashing corporation tax below 15 percent in order to counter the shock to investors and companies from the British referendum result last week to exit Europe. Osborne has also said
Read MoreMonsanto Q3 misses estimates, profit margin falls
Last Thursday, agricultural bio-technology company Monsanto Company (MON) reported a decline in the fiscal 2016 third-quarter revenue, compared to the similar period last year. The third-quarter revenue also missed the analysts’ estimates. However, the stock price almost closed flat. The
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