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Valeant shares gain the most in six months on Tuesday, company’s full-year adjusted EBITDA forecast revised up

May 10, 2017 7:34 am
Valeant Pharmaceuticals International Inc (VRX) revised up its full-year adjusted EBITDA projection to a range between $3.6 billion and $3.75 billion. In comparison, the companys EBITDA forecast in February had pointed to a range between $3.55 billion and $3.7 billion. Valeants US-listed shares registered their largest daily surge since November 1st 2016 during Tuesdays trading […] Read more

Major Currency Pairs: Pivot Levels for Wednesday (May 10th 2017)

May 10, 2017 6:11 am
USD/CHF R1 – 1.0085 R2 – 1.0095 R3 (Range Resistance – Sell) – 1.0106 R4 (Long Breakout) – 1.0137 R5 (Breakout Target 1) – 1.0174 R6 (Breakout Target 2) – 1.0190 S1 – 1.0063 S2 – 1.0053 S3 (Range Support – Buy) – 1.0042 S4 (Short Breakout) – 1.0011 S5 (Breakout Target 1) – 0.9974 […] Read more

Goldman Sachs shares fall for the first time in six sessions on Monday, the group’s investment banking division to be co-headed by Nachmann, Lemkau

May 9, 2017 6:33 am
According to a May 8th internal memo by Goldman Sachs Group Inc, Gregg Lemkau, the bank’s M&A co-head, and Marc Nachmann, the bank’s financing group head, were appointed as co-heads of the group’s global investment banking division. A spokesperson for Goldman Sachs had acknowledged the details in the memo, Reuters reported. Goldman Sachs shares closed […] Read more

Apple shares close higher on Friday, tech giant to open new store in Singapore

May 8, 2017 8:57 am
Apple Inc (AAPL) was poised to open its first store in Singapore on the city state’s prime Orchard Road shopping boulevard, Reuters reported. The tech company has already expanded its presence in the Asian Pacific area, with its retail stores being located in Japan, China, Hong Kong, Australia and Macau. Apple shares registered their largest […] Read more

Commodity Market: Pivot Levels for Monday (May 8th 2017)

May 8, 2017 8:56 am
Silver (SI) for July delivery (1 Troy Ounce) R1 – $16.302 R2 – $16.329 R3 (Range Resistance – Sell) – $16.357 R4 (Long Breakout) – $16.439 R5 (Breakout Target 1) – $16.535 R6 (Breakout Target 2) – $16.575 S1 – $16.247 S2 – $16.219 S3 (Range Support – Buy) – $16.192 S4 (Short Breakout) – […] Read more

Alphabet shares gain for a ninth straight trading session on Thursday, 306 million euros to be paid for settling tax dispute with Italy

May 5, 2017 9:28 am
According to announcements by the Italian tax authority and Alphabet Inc (GOOGL), Google is to pay 306 million euros for settling a tax dispute with the South European country. In 2016, the Italian tax office claimed that Google had avoided tax on approximately EUR 1 billion of Italian revenue, generated within the period 2009-2013. Alphabet […] Read more

Time Warner shares close lower on Wednesday, company’s quarterly earnings exceed market expectations as blockbuster movies support

May 4, 2017 7:45 am
Time Warner Inc’s (TWX) quarterly earnings, reported on May 3rd, outstripped market expectations, driven by successful movies such as “The LEGO Batman Movie” and “Kong: Skull Island”. Time Warner shares closed lower on Wednesday, while also marking their fourth loss in the past five trading sessions. The stock edged down 0.28% ($0.28) to $99.05, after […] Read more

Major Currency Pairs: Pivot Levels for Thursday (May 4th 2017)

May 4, 2017 5:56 am
USD/CHF R1 – 0.9954 R2 – 0.9959 R3 (Range Resistance – Sell) – 0.9965 R4 (Long Breakout) – 0.9981 R5 (Breakout Target 1) – 1.0000 R6 (Breakout Target 2) – 1.0008 S1 – 0.9943 S2 – 0.9937 S3 (Range Support – Buy) – 0.9932 S4 (Short Breakout) – 0.9915 S5 (Breakout Target 1) – 0.9896 […] Read more