Overbought F5 Networks signals reversal ahead of results
The stock of internet traffic and content management solutions provider F5 Networks Inc. (NASDAQ: FFIV) recorded a yearly high of $148.34 in the second-half of December. This amounts to a gain of 49.3% y-o-y. This is truly spectacular because the
Read MoreChinese FX Purchase Restrictions May Only Slow Down Capital Outflows
China’s yuan has been taking a hit in part due to the growing sense of optimism over the revival in U.S. economy, causing the Chinese government to issue fresh foreign exchange restrictions. The yuan has dropped against the dollar by
Read MorePound remains bullish on strong manufacturing PMI data
The talk of hard-Brexit pushed the Pound lower against major currencies in mid-December. The FOMC’s statement pointing out a possibility of up to three rate hikes this year also aided the decline of the Pound. Surprisingly, Australia’s third-quarter economic contraction
Read MoreDeutsche bank reaches agreement with DOJ on mortgage case
There were two major scandals that shook the banking and finance industry in the last decade. They are interest rate rigging and selling of high-risk mortgage securities to unsuspicious investors. Unfortunately, the prime offender in both the scandals was Deutsche
Read MoreLSE Agrees To Sell French Clearing House To Euronext
The London Stock Exchange (LSE) Group has agreed to sell its 50 percent stake in French clearing house LCH Clearnet SA to Euronext in an attempt to allay anti-trust worries regarding its proposed merger with German bourse Deutsche Börse. The
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