Recently, the safe haven currencies like the Swiss franc and the Japanese yen are the ones that are showing a greater correlation to gold.
Drop in silver prices among other precious metals With global commodity and metal prices falling in the volatile month of August, silver has been no exception. The economic slowdown in…
Any variation in copper demand or supply directly affects the value of the Chilean peso against the US dollar.
The US dollar-Brazilian real pair continued its sharp gain as the Brazilian currency extended its losses due to to dismal manufacturing activity.
The Indian rupee was up marginally by 0.04% against the US dollar on September 1, 2015, as India’s PMI posted numbers above the 50 range for August.
The Caixin China general manufacturing PMI came out at 47.3 for August, which is a continuation of the negative trend it has followed for the last six months.
Though below the forecasts, the decent PMI numbers in August drove the euro-dollar currency pair to a high of 1.133.
Early on September 1, the US dollar index fell down to the day’s low of 95.19 after reports of weak Chinese PMI numbers.
China, the manufacturing hub of the world, has been recording sluggish growth. China’s August PMI numbers were at 47.3, below the crucial level of 50.
The Federal Reserve Board of Governors released its report on consumer credit outstanding in the United States on Tuesday, September 8.
Labor market conditions have a direct bearing on consumer spending. When labor market conditions are up, households have more income.
According to the latest “Employment Situation Summary” report, the healthcare and social assistance, and financial activities sectors increased their job gains in August.
On August 28, Wipro closed the trading day at $11.83. That was 13% below its 100-day moving average, 05% below its 50-day moving average, and 15% below its 20-day moving average.
On July 23, 2015, Wipro (WIT) announced its 2Q15 results and reported revenues of $1.92 billion with gross profit of $589 million and diluted EPS of $0.14.
On August 28, 2015, IBM closed the trading day at $147.98. The stock was 30% below its 100-day moving average, 44% below its 50-day moving average, and 14% below its 20-day moving average.
Although IBM is not a major player in the IaaS segment, it’s focusing on migrating legacy systems to cloud. Cloud computing has generated about $8.7 billion in revenues for IBM in the TTM period.
IBM’s services and consulting businesses accounted for 25% of IBM’s revenues in 2Q15. Its software segment accounted for 45% for the same period.
In 2014, IBM acquired CrossIdeas, a company that creates software and manages access to data and applications. IBM is competing with FireEye to acquire CyberArk Software (CYBR).
On July 21, 2015, IBM announced its 2Q15 results, reporting revenues of $20.81 billion and non-GAAP EPS of $3.84. On a year-over-year basis, revenues and EPS both fell 13% in 2Q15.
Teradata (TDC) generated investor returns of -35.43% in the trailing 12-month period and -20.53% in the trailing one-month period. Its share price fell 2.29% in the trailing five-day period.