Pound turns bullish on expectation of Brexit breakthrough
As the UK inflation rate nudged toward 3%, the Pound turned bullish in September. The rate hike in November ensured a consolidation of the Pound against most of the G10 currencies, including the Swiss Franc. Since September 11, the Pound
Read MoreEuro turns weak on German political uncertainty
For the past two months, the EUR/JPY pair has been range bound between 132.40 and 133.40. Both the Euro zone and Japanese economy have been showing signs of improvement. The inflationary pressure is picking up in the Euro zone, while
Read MoreGroupon swings to Q3 profit, raises FY17 profit view
Last week, the online daily deal service provider Groupon, Inc. (NASDAQ: GRPN) reported a swing to profit in the fiscal 2017 third-quarter. The company’s earnings also met analysts’ estimates. However, the revenue missed the Wall Street estimates. Still, on the
Read MoreInterest rate differentials signal uptrend in AUD/CHF pair
So far in November, the Australian dollar has been on a steady decline against the Swiss Franc. The forced shut down of steel mills, which began in September and will run until March, to control pollution in China during winter
Read MorePound 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
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