Archive
Twitter Signals Uptrend As Q3 Loss Narrows
The news of a possible takeover of social media platform provider Twitter Inc (NYSE: TWTR) kept the stock in a bullish orbit in early October. In anticipation of the same, On October 3, we had recommended purchasing a one touch
Read MoreIndian PM Warns Of Additional Measures To Fight Black Money
Indian Prime Minister Narendra Modi has said that new measures might be launched to further target corruption and black money in the country. The statement follows the surprise move of the Indian government last week to demonetize higher currency denominations
Read MoreStrong Q3 GDP growth keeps Pound bullish
After rising considerably against most of the major currencies in the past two weeks, the pound opened on a soft note on Monday. One of the main reasons for the weakness was the rumour that the UK Parliament may fast
Read MoreWynn Resorts to rise on increase in Macau gaming revenue
Casino operator Wynn Resorts (NASDAQ: WYNN) reported a swing to a loss in the fiscal 2016 third quarter, compared to net profit in the similar period last year. More importantly, the company fell short of market expectations of revenues from
Read MoreIndia Climbs In Global Business Optimism Index Report
India’s ranking in the terms of business optimism has improved by one spot on the back of policy reforms including the expected implementation of Goods and Services tax (GST) according to a report released by advisory firm Grant Thorton. The
Read MoreUK’s FCA To Investigate Bank Overdraft Charges
The Retail Banking Industry in the United Kingdom (UK) could be hit with more restrictions as the UK watchdog, the Financial Conduct Authority (FCA) recently announced that it plans to launch an investigation into overdraft charges imposed by banks. The
Read MoreCiti turns weak on y-o-y decline in Q3 earnings
The shares of banking giant Citigroup Inc (NYSE: C) continue to gain ground for the past three weeks. Last Thursday, the stock touched a high of $50.63, which is close to the maximum target price of $51 suggested on October
Read MoreTrimmed S Africa’s GDP growth outlook turns Rand bearish
On September 29, we had recommended taking a long position in the USD/ZAR pair at 13.50, with a target level of 13.90. Similarly, a one touch call option was recommended for the binary option traders. The target was hit in
Read MoreDraghi Defends Monetary Policy As Vital For Eurozone Recovery
The President of European Central Bank (ECB) Mario Draghi has strongly defended the stimulus policies adopted by the bank stating that they supported the eurozone economy and did not widen the gap between the wealthy and the poor. Speaking at
Read MoreAmazon turns bullish on forecast of strong holiday sales
The e-commerce and cloud computing company Amazon Inc. (NASDAQ: AMZN) is expected to report its fiscal 2016 third-quarter results on Thursday, after market close. During the past two quarters, the company had surpassed the estimate of analysts by a margin
Read More