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Loonie signals downtrend on weak crude, decline in IPPI
Since the beginning of July, the NZD/CAD pair had been on a steady decline. The decline in the average price of dairy products in the July auctions and downwardly revised growth outlook was mainly responsible for the Kiwi dollar to
Read MoreGoPro reports narrowed Q2 2017 loss, issues upbeat Q3 2017 view
Action camera manufacturer GoPro Inc (NASDAQ: GPRO) reported fiscal 2017 second-quarter GAAP and non-GAAP net loss that narrowed from last year. The quarterly results were better than analysts’ expectations. GoPro also reported an increase in the Q2 2017 revenues, compared
Read MoreEuro remains bullish on expectations of ECB tapering
Weak inflationary pressure in the US continues to keep the Greenback subdued against its rivals for the past five months. In particular, the US dollar’s poor performance against the Euro is noteworthy. Even those analysts who had predicted a rally
Read MoreTesla beats Q2 2017 view, Model3 delivery concerns haunt
Historically, retail traders and hedge funds which have placed bets against the electric car manufacturer Tesla Inc (NASDAQ: TSLA) has never done well and it was no way different this time. Following the release of fiscal 2017 second-quarter results that
Read MoreDecline in full-time jobs turn Aussie bearish
Tensions between North Korea and the US sparked a meltdown in the global financial markets during the past two weeks. As investors went after safe haven assets, the Yen gained strength against its major rivals, including the Australian dollar, which
Read MorePound signals uptrend on lower than expected inflation
A slowdown in the economy and the negative impact of inflation on consumer spending had turned the Pound weak in the past two weeks. On the contrary, geopolitical tensions between North Korea and the US had increased the demand for
Read MoreAmerican Workers Facing Stressful Workplace Conditions
A recent survey covering U.S. workers has shown that one-fifth find their workplace hostile and stressful. The study was conducted by Rand Corp., UCLA and Harvard Medical School and included responses from around 3,066 workers. The major findings from the
Read MoreMastercard beats Q2 2017 view, Gross dollar volume up 9%
In the last week of July, consumer credit provider Mastercard Inc (NYSE: MA) reported higher than expected fiscal 2017 second-quarter revenue and earnings. That took the share price to a new 12-month high of $132.20. Mastercard also reported an increase
Read MoreAussie turns bullish as iron ore hits $76.10
The Swiss Franc rose against all the major currencies earlier this week as investors rushed to exit from high-yielding assets such as the Australian dollar. The Swiss Franc’s rally began when US and North Korea exchanged fiery threats. As investors
Read MoreLas Vegas beats Q2 2017 estimates, Macao gaming rev. up 29%
Concerns over gaming revenue growth in Macao and weak US dollar resulted in a decline in the stock of casino and resort operator Las Vegas Sands (NYSE: LVS) in the last week of July. Ironically, the company had reported better
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