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Cisco tops Q1 2018 EPS estimates, issues strong Q2 EPS view
Networking hardware manufacturer Cisco Systems, Inc. (NASDAQ: CSCO) surprised the market on November 16 by reporting an impressive fiscal 2018 first-quarter earnings that exceeded analysts’ estimates. The quarterly revenues were in line with the Zacks Consensus estimates. Cisco also issued
Read MoreLack of consensus on Brexit bill turns Pound weak
In our November 3 report, we had forecast a downtrend in the GBP/NZD pair. We had also evinced our interest to go long in the currency cross near 1.8860, and simultaneously invest in a call option. A week later, the
Read MoreFacebook tops Q3 estimates, operating margin rises to 50%
Despite reporting an exceptional Q3 2017 results that blew away analysts’ estimates, the stock of social media platform provider Facebook, Inc. (NASDAQ: FB) remains weak at $177 levels. While presenting the results, the CEO Mark Zuckerberg revealed that the operating
Read MoreEuro up on improving economic conditions in EU
In our currency report dated October 27, we had predicted a decline in the EUR/NZD pair from the level of 1.7050. Further, we had also mentioned our interest to open a short position in the spot Forex market. Other than
Read MoreExxon beats Q3 EPS view on higher crude prices
Despite the negative impact of hurricanes Harvey and Irma, the world’s largest listed oil and gas company Exxon Mobil Corporation (NYSE: XOM) reported a better-than-expected fiscal 2017 third-quarter results. The company was able to achieve an improvement in performance mainly
Read MoreYen turns weak on decline in core machinery orders
The USD/JPY pair had been range bound for the most part of October. Tensions between North Korea and the US, the negative impact of hurricanes Harvey and Irma and mixed economic data from both Japan and the US kept the
Read MoreAussie turns bullish on RBA’s optimistic GDP outlook
Since October 25, the Euro dollar has been on a decline against its rivals. The downtrend began after the ECB divulged its tapering plan, which includes the maintaining the current low interest rate for an unspecified period. Concerns over the
Read MoreParadise Papers Reveal Hidden Wealth Of The Global Elite
After the controversial Panama Papers last year, which exposed over 11.5 million leaked documents detailing information of more than 214,488 offshore entities of numerous global elites, the same publishers have released another database to bare more off-shore tax havens. The
Read MoreVisa tops Q4 Street estimates, Guides for FY18
Credit card provider, Visa Inc. (NYSE: V) reported better than anticipated fiscal 2017 fourth-quarter earnings on October 25. On the basis of an improved global economic outlook, the company also issued an impressive revenue growth outlook. Thus, following the results,
Read MorePound signals uptrend on rate hike by BoE
Since October 15, the GBP/NZD pair has gained about 1000 pips to reach a high of 1.9330. A rise in inflation above the Bank of England’s target level of 2% has sparked expectations of a rate hike, thereby strengthening the
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