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US Dollar Index Softens as Jobless Claims Rise to Near 3-Month High

The greenback retreated for a third consecutive session on Wednesday, ahead of the Thanksgiving holiday on Thursday. The Labor Department reported on Wednesday that initial jobless claims increased by 21,000 to a seasonally adjusted 313,000 for the week ended November 22. The figure missed analyst e

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US Q3 GDP Beats Expectations, Strongest Consecutive Quarters of Since 2003

The Commerce Department reported on Tuesday that it increased its estimate of third quarter US gross domestic product, the value of all goods and services produced, to a 3.9 percent annualized rate from the 3.5 percent rate reported in October. The figure beat analyst expectations of 3.3 percent by

EUR/USD Hovers Near Two-Year Low Amid Dovish ECB Stance

The Euro fell close to it’s lowest level since August of 2012 in early trading on Monday. The pair failed to make a new low however and was later buoyed by news that the German Ifo Business Climate report beat analyst expectations. Ifo Institute for Economic Research reported that the index, w

Intel Soars to 2002 Highs on Surprise Dividend Increase

Shares of Intel closed 4.66% higher at $35.95 on Thursday after the company reported an increase in its dividend and provided a 2015 business outlook. The stock closed at the highest levels seen since January of 2002. At the annual investor meeting on Thursday, Intel announced that its board of dire

Crude Oil Hovers Near Multi-Year Lows

Crude oil remained trading below $75 in Thursday trading, near the lowest levels since September of 2010. An unexpected rise in supplies, reported by Energy Information Administration (EIA) on Wednesday weighed on prices. U.S. crude inventories rose 2.6 million barrels last week, compared with ana

Shares of Baker Hughes Surge on News of Acquisition By Halliburton

Shares of oilfield services company Baker Hughes (BHI) are trading sharply higher in early trading on Monday, after the release of news that Halliburton will buy the company in a cash-and-stock deal worth $34.6 billion. Haliburton is the second-largest U.S. oil services provider behind the market le

Bearish Engulfing Pattern in Alibaba

Shares of red hot Chinese e-commerce company Alibaba Group reversed sharply on Thursday after reaching an all time high the same day. The recent rise in Alibaba’s stock price has been fueled by a strong Q3 earnings report and $9.3 billion in sales on China’s Singles Day, an event similar

Twitter (TWTR) Set to Fill the Gap?

Shares of Twitter Inc. (TWTR) soared over 7.5% on Wednesday after executives outlined key features in their long-term strategy. The stock has fallen about 37% this year amid rising fears about user growth, unstable management and doubts over monetization potential. Twitter unveiled several new featu

Zynga (ZNGA) Pops 10% on Upgrade

Social game services company Zynga Inc. (ZNGA) was upgraded yesterday at Jefferies to “buy” from “hold” with a price target of $4.50. Zynga’s multiplayer crossword game, “Words with Friends” was initially released in 2009. It is the 8th most popular app on the iTunes ch

Wesfarmers – A strong investment opportunity

Introduction The Australian retail industry is largely oligopolistic, and Wesfarmers Limited comes second only to Woolworths in terms of market share through its main subsidiary, Coles. If you are a fairly conservative investor who would still like to reap the financial benefits of a company that st