January 17, 2015 11:51 am
Friday’s trade saw CHF/JPY within the range of 132.32-138.99. The pair closed at 137.19, gaining 1.36% on a daily basis and 17.39% for the whole week. On Thursday the cross soared to the highest level on record at 157.48. On Monday (January 19th) CHF/JPY may be influenced by a number of fundamentals as listed below. […]
Read moreJanuary 16, 2015 3:49 pm
Best Buy Co projected on Thursday that sales will take a hit by lower consumer interest towards electronics amid falling prices during the first two quarters of the financial year. The largest US consumer electronics chain said it expects same-store sales growth to be flat to negative low-single digit over the next six months and […]
Read moreJanuary 16, 2015 2:05 pm
BP Plc faces a maximum fine of $13.7 billion over its 2010 oil spill in the Gulf of Mexico after a US court ruled that 3.19 million barrels of oil leaked into the ocean. The government had estimated that 4.2 million barrels leaked into the Gulf of Mexico during the worst offshore spill in US […]
Read moreJanuary 16, 2015 12:12 pm
Hyundai Motor won a wage dispute over extra employee payments that could have resulted in more than 1 billion additional expense annually. Twenty-three union workers, representing all of the companys South Korean employees, launched a lawsuit in March 2013 against Hyundai and demanded that the company lift their payments in line with a Supreme Court […]
Read moreJanuary 16, 2015 9:55 am
Intel Corp, the worlds largest chipmaker, reported a 39% increase in net income during the fourth quarter of 2014, driven by higher demand for server chips and stronger PC sales. In the quarter ended September 27 Intel reported record revenue of $14.7 billion, up 6% compared to Q4 of 2013. Net income stood at $3.7 […]
Read moreJanuary 16, 2015 9:23 am
Yesterday’s trade saw USD/CAD within the range of 1.1799-1.1997. The pair closed at 1.1960, gaining 0.08% on a daily basis. At 9:19 GMT today USD/CAD was up 0.22% for the day to trade at 1.1981. The pair touched a daily high at 1.1985 during the Asian session. Fundamentals United States Consumer prices The annualized consumer […]
Read moreJanuary 16, 2015 8:30 am
Yesterday’s trade saw EUR/USD within the range of 1.1567-1.1796. The daily low has also been the lowest level since November 12th 2003. The pair closed at 1.1630, losing 1.35% on a daily basis. At 8:20 GMT today EUR/USD was up 0.04% for the day to trade at 1.1636. The pair touched a daily high at […]
Read moreJanuary 16, 2015 8:18 am
Citigroup Inc reported on Thursday that its fourth-quarter performance was hurt by a decline in trading revenue and a previously announced legal charge. Net income fell 86% to $350 million in the three months ended December 31, after a $3.5 billion deduction in legal and restructuring charges. During the same quarter of 2013, Citigroup stated a […]
Read moreJanuary 16, 2015 8:12 am
Yesterday’s trade saw USD/CHF within the range of 0.7360-1.0221. The pair closed at 0.8582, losing 15.76% on a daily basis. At 8:07 GMT today USD/CHF was up 4.13% for the day to trade at 0.8758. The pair touched a daily high at 0.8807 at 7:25 GMT. Fundamentals United States Consumer prices The annualized consumer inflation […]
Read moreJanuary 16, 2015 8:12 am
Gold slipped on Friday to end five days of increases but remained near a four-month high and is headed for a second weekly jump as a surprise move from Switzerland boosted safe-heaven demand. Comex gold for delivery in February dropped 0.51% to $1 258.3 per troy ounce by 07:53 GMT, shifting in a daily range […]
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