Posts Tagged ‘sales’

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US Dollar Makes a Break to 16-Month Highs as Fear Creeps In

US Dollar Makes a Break to 16-Month Highs as Fear Creeps In Fundamental Forecast for the US Dollar: Bullish CPI and retail sales do little to alter the outlook for rates and growth The 10-year Treasury Yield pushes towards a fresh record low, shrinking the dollar’s return USDollar breaks to a 16-month high Though the benchmark currency eased back into the final 48 hours of this past trading week, the dollar nevertheless posted another impressive run through the entire period.

Published by on May 19th, 2012 at 12:05 am
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USD Index Carving Top In May, AUD Eyes November Lows

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10117.01 10154.53 10106.53 0.03 104.88% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar ) remains 0.03 percent higher from the open after moving 105 percent of its average true range, and we may see the greenback consolidate throughout the North American trade as hopes surrounding the G8 Summit props up market sentiment. However, as the EU struggles to meet on common ground, there’s certainly limited scope of seeing something done on a global scale, and we should see the flight to safety gather pace in the days ahead as the heightening risk for contagion saps risk-taking behavior.

Published by on May 18th, 2012 at 09:05 am

Olam shares tumble to near 3-yr low on weak earnings

SINGAPORE | Tue May 15, 2012 9:17pm EDT May 16 (Reuters) – Shares of Olam International fell as much as 9.5 percent to its lowest in nearly three years after the commodity company’s earnings and outlook spooked investors and analysts warned that consensus estimates would be slashed. By 0110 GMT, Olam shares were 7.5 percent lower at S$1.85 with 7.3 million shares traded in the first ten minutes of trade, compared to full-day average volume of 21.4 million over the last five sessions. Olam shares have fallen nearly 13 percent so far this year, in a broader market up 8 percent.

Published by on May 15th, 2012 at 06:05 pm

Dollar Closes at a Two Month High, Critical Bull Trend Within Reach

Dollar Closes at a Two Month High, Critical Bull Trend Within Reach Euro Dives As Greek Confidence Falls Apart, Heavy Data Flow Ahead British Pound Contradicts European Struggle, Is it a Safe Haven?

Published by on May 14th, 2012 at 08:05 pm

STOCKS NEWS MALAYSIA-Kenanga ups Malaysia Building’s target price

Sun May 13, 2012 10:34pm EDT Kenanga Research lifted Malaysia Building Society Bhd’s (MBSB) target price to 2.70 ringgit per share despite the lender’s first quarter earnings result came in marginally below expectations. “The stock’s valuation still looks undemanding at 5.9 times price-to-earnings ratio post adjustment, against its banking peers of 13.0 times,” the broker said in a research note on Monday. Maintaining outperform on the stock, Kenanga said MBSB offered potential capital upside of 21 percent, with an additional dividend yield of 2.5 percent, bringing the potential total return to 23 percent over the next 12 months.

Published by on May 13th, 2012 at 08:05 pm
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