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Loonie remains bullish on strong core retail sales data
On July 7th, we had recommended taking a long position (or one touch call option), with a target of 82, in the CAD/JPY pair near 77 levels. In a matter of about two weeks, the pair achieved the target as
Read MoreBritish MPs Urge Government to Address FinTech Brexit Concerns
Some members of Parliament in United Kingdom (UK) have issued a warning that unless the UK government acts quickly in the aftermath of the Brexit to protect the interests of the Fintech industry, it could leave the industry open to
Read MoreGlobal Stock Markets Slow Down As Monetary Policy Shifts
Global stock markets have witnessed a decline amid mixed results from key indicators and earnings reports as well as an expected recalibration of a global monetary policy. The U.S has reported better-than-expected results for numerous measures such as job growth
Read MoreWinmark signals uptrend as Q2 revenue tops estimates
Winmark Corp. (WINA), the used merchandise trading company, reported an increase in the fiscal 2016 second-quarter earnings and revenue, compared to the similar period of 2015. The company also surpassed the revenue estimate of Wall Street analysts. The stock price,
Read MorePound to decline further as BoE prepares for rate cut
It is almost certain that the BoE (Bank of England) will cut the interest rates in August. The hard data from that region indicates that the economy is sagging and proactive measures are needed to bring back the consumer confidence.
Read MoreBoE Was Cautioned By The FCA Over Property Fund Risks
UK’s central bank, the Bank of England (BOE) has defended its actions in the lead up to the EU referendum vote last month against claims that it had not acted impartially on the matter by not offering balanced analyses of
Read MoreWalgreens Q3 EPS tops estimates, raises FY16 EPS outlook
Buoyed by a 4% increase to 235 million medical prescriptions, US’ second largest pharmacy retail chain Walgreens Boots Alliance, Inc. (WBA) saw its fiscal 2016 third-quarter earnings beat the Wall Street estimates comfortably. However, the Q3 revenue missed the analysts’
Read MoreEuro to decline as IMF slashes growth outlook
There was hardly any kind of impact on the EUR/RUB currency pair, so far, following the Britain’s exit from the EU. While the market was expecting the currency pair to remain bullish or at least range bound, the recent developments
Read MoreBoE Warns of Instability As It Eases Lending Regulations
UK’s central bank, the Bank of England has said that the Brexit vote has resulted in significant risks to the country’s financial stability. The bank made this statement as it moved forward on its proposal to release £150 billion towards
Read MoreWorthington’s Q4 EPS double on YoY basis, tops estimates
Last week, diversified metals manufacturing company Worthington Industries, Inc. (WOR) rose to prominence when the company reported its fiscal 2016 fourth-quarter results that exceeded the Wall Street expectations. The share price of Worthington closed at $41.79 on Tuesday. For the
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