IBM turns weak as Australian authorities slap $30M fine
Following the impressive third-quarter results that beat the analysts estimates, last week, the stock of International Business Machines (NYSE: IBM) hit a 12-month high of $164.50 on Monday. Considering the impressive Q3 results, a trader should purchase the stock on
Read MoreUK Sees Dividends Decline With Drop In Pound Value
The plunging value of pound sterling has caused a decline in dividends received by global investors in UK equities based on a recent report. The pound has been falling steadily after the British vote to exit the European Union in
Read MoreCanadian dollar turns weak as crude fails to cross $50
The Canadian dollar turned weak during the period ranging from mid-October to mid-November. There were two reasons for the weakness. Obviously, the first reason is the Canada’s economic contraction in the second-quarter. The second reason is the call for the
Read MoreIndia’s I-T Depart Issues Notices For Suspicious Cash Deposits
The demonetization of higher currency denominations by the Indian Government in early November has resulted in large sums of cash being deposited, leading to the country’s Income Tax (I-T) department issuing notices to those whose transactions are being considered as
Read MoreBP tops Q3 estimates, aims $7 billion in cost savings
On November 1, the oil and gas company BP Plc (NYSE: BP) reported fiscal 2016 third-quarter results that beat analysts’ estimates by a wide margin. The company had reported a loss in the previous three quarters. Ironically, the stock lost
Read MoreAussie weakens on decline in iron ore price
Based on the rally in the price of iron ore and coking coal, on October 13, we had advised currency traders to open long position in the AUD/JPY pair at 78.20, with an order to book profit at 79.80. The
Read MoreBrexit Hits German Exports Causing Slow Q3 Economic Growth
Britain’s decision to leave the European Union (EU) has hurt Germany’s exports and as a result has slowed down country’s economic growth as indicated by official data for the third quarter of 2016. According to the Federal Statistics Office, the
Read MoreDecline in Q3 revenue turns AMEX weak
Following the report of fiscal 2016 third-quarter results that went past the analysts’ estimates, the share price of American Express Company (NYSE: AXP) rallied to close at $72.42 on Monday. The reaffirmation of fiscal 2017 outlook and the raise in
Read MoreLooming renegotiation of NAFTA turns Loonie weaker
The considerable increase in the Forex market volatility, brought about by the surprising victory of Donald Trump in the US election, is not expected to subside sooner. In fact, many analysts believe that the chaos has started only now as
Read MoreUK Chancellor Facing Tough Choices Ahead of Autumn Statement
In the run up to the Autumn Statement, leading experts are warning that UK’s Chancellor Philip Hammond has limited options available to him given the uncertainty facing the country’s economy. The Institute for Fiscal Studies (IFS), a think-tank has said
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