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Canada: Monetary And Fiscal Updates This Week

Canada: Monetary And Fiscal Updates This Week

Many observers saw Canada as one of the canaries in the coal mine, warning that the divergence theme was over. The Bank of Canada did hike rates twice in Q3. The Federal Reserve did not hike at all. Isn’t that the definition of convergence? Yes and no. The Bank of Canada’s rate hikes were not the beginning […]
Seagate Technology (STX) Beats Q1 Earnings & Revenues

Seagate Technology (STX) Beats Q1 Earnings & Revenues

Seagate Technology Plc (STX – Free Report) is one of the largest manufacturers of hard disk drives (HDD) which caters to the needs of individual and small businesses. However, for the past few years the company is focusing on the larger enterprise segment, where technology upgrades and cloud-related investments are on the rise. Moreover, Seagate’s cloud-based applications have […]
‘Today Is A Historic Day’: Nikkei Surges, Breaks All-Time Record For Consecutive Gains

‘Today Is A Historic Day’: Nikkei Surges, Breaks All-Time Record For Consecutive Gains

Ok, well it’s official, the Nikkei has now had its longest run of gains in history. Following Shinzo Abe’s sweeping election victory on Sunday, Japanese shares advanced and the yen slipped as the market can now safely assume a continuation of ultra accommodative monetary policy. The Nikkei surged more than 1%, marking its 15th straight day […]
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                        AUD/USD Intra-Day Weakness

E AUD/USD Intra-Day Weakness

Good day traders and a good Monday. Let’s look at AUD/USD. The Aussie came nicely lower in the last few days from 0.7883 as expected after a corrective rally up in wave 2/B. At the moment we still do not know if the current leg down is going to be wave 3 or wave C […]
Chicago Fed: Growth Picks Up In September

Chicago Fed: Growth Picks Up In September

“Index points to a pickup in economic growth in September.” This is the headline for today’s release of the Chicago Fed’s National Activity Index, and here is the opening paragraph from the report: Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) moved up to +0.17 in September from –0.37 in August. […]
SAP Hits A 52-Week High

SAP Hits A 52-Week High

The MarTech space is getting bigger and bigger. About 5,000 companies are a part of the MarTech landscape from just 150 in 2011. With its latest acquisition of Gigya, SAP is getting deeper into the space. SAP’s Financials SAP’s third quarter revenues grew 8% over the year to €5.59 billion ($6.6 billion) compared with the market’s forecast […]
Greg Weldon: Debt-Driven Consumer Economy Breaking Down

Greg Weldon: Debt-Driven Consumer Economy Breaking Down

Coming up we’ll hear from Greg Weldon of Weldon Financial and WeldonLive. Greg’s research calls for the markets to roll over, and he’s expecting some very rough waters ahead based on key metrics he’s focused on – consumer spending and debt. He also weighs in on the tricky spot the Fed is in and where […]
Exactech To Be Acquired By TPG Capital For $42 Per Share In Cash

Exactech To Be Acquired By TPG Capital For $42 Per Share In Cash

Exactech announced that it has entered into a definitive merger agreement under which TPG Capital, the global private equity platform of alternative asset firm TPG, will acquire all of the outstanding shares of Exactech common stock. Exactech’s board of directors approved the agreement which provides for the payment of $42.00 per share in cash to […]
Yen, EUR/USD Sag As The U.S. Dollar Drives Toward Three-Month Highs

Yen, EUR/USD Sag As The U.S. Dollar Drives Toward Three-Month Highs

This week brings a pair of highly-important Central Bank rate decisions, and the weekend brought another dose of political-fed volatility. In Japan, PM Shinzo Abe enjoyed a rousing victory as his Liberal Democratic Party and its coalition partner took more than 2/3rds of the vote, affording Mr. Abe a strong new mandate. This should allow him […]
Key Events In The Coming Week: ECB Taper, Q3 GDP And Durables

Key Events In The Coming Week: ECB Taper, Q3 GDP And Durables

The main event this week will be the ECB’s taper announcement on Thursday where consensus expects the ECB to announce a QE extension of €30bn per month for 9 months until Sep-18, with potential extensions thereafter. Net purchases between now and Dec-17 will continue at €60bn per month as planned. To cope with rate hike expectations, the […]