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  #1541 (permalink)  
Old 01-31-2017, 04:07 AM
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Fitbit Shares Sink Following Unsatisfactory Quarterly Results



Shares of Fitbit tumbled by as much as 18% after it announced trimming its workforce and it reported lower-than-anticipated financial results during the fourth quarter.

The stock managed to reverse some of its losses, but still closed the session almost 16% down.

In a release issued on Monday, the wearable fitness device maker said its layoffs will impact 110 people within its workforce across different divisions which makes up around 6% of the company's total global labor force. The expenses of the reorganization are anticipated to cost around $4 million, which will be included during the first quarter of 2017.

The firm added that it projects to post 6.5 million sales of devices and revenue during the Q4 of 2016 to be within the range of $572 million- $580 million, a steep drop from the company's initially issued guidance range of $725 million-$750 million.

Revenue growth for the previous business year is seen to be around 17% from the prior projected expansion of 25% to 26%.

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  #1542 (permalink)  
Old 02-01-2017, 02:46 AM
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China Manufacturing PMI Slips To 51.3 In January



The manufacturing sector in China continued to expand in January, albeit at a slightly slower pace, the National Bureau of Statistics said on Wednesday with a manufacturing PMI score of 51.3.

That exceeded expectations for 51.2, although it was down from 51.4 in December.

The bureau also said that its non-manufacturing PMI came in at 54.6 in January, in line with forecasts and up from 54.5 in the previous month.

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  #1543 (permalink)  
Old 02-01-2017, 04:47 AM
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Gold Notches Week High on Trump Comments



Gold prices advanced to a one-week peak as rattled investors purchased bullion after U.S. President Donald Trump's comments on currency devaluation by other countries caused the dollar to decline. Spot gold was up 1.4 percent to $1,211.15 per ounce after hitting its highest level since Jan. 24 at $1,215.37.

U.S. gold futures were 1.3 percent higher at $1,208.60. The dollar plunged as stocks sealed their largest loss in six weeks as Trump added uncertainty to the market after bans on travel to the United States. The weaker dollar helped raise bullion, while traders focused on the two-day Federal Reserve meeting that kicked off during the session. Funds have been reduced out of the $30 billion SPDR Gold ETF for 10 out of the 11 weeks since the Nov. 8 elections, which includes a one percent loss in the week ended on Jan. 25, according to data from Lipper.

In other metals, spot silver rose 2.6 percent at $17.55 per ounce after tapping its highest since Nov. 11 at $17.61. Platinum climbed 0.8 percent to $993.40, and is set for its highest monthly performance since July, and palladium gained 1.9 percent at $754.20.

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  #1544 (permalink)  
Old 02-02-2017, 02:12 AM
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Australia December Trade Surplus A$3.511 Billion



Australia had a merchandise trade surplus of A$3.511 billion in December, the Australian Bureau of Statistics said on Thursday.

That exceeded forecasts for A$2.00 billion and was up from the upwardly revised A$2.040 billion surplus in November (originally A$1.234 billion).

Exports were up 5.0 percent on month to A$32.630 billion, while imports added 1/0 percent to A$29.120 billion.

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  #1545 (permalink)  
Old 02-02-2017, 04:17 AM
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Facebook Shares Jump on Strong Fourth Quarter Results



Facebook Inc. posted solid financial results during the fourth quarter. Earnings and revenue surpassed expectations, driven by strong growth in its mobile advertising business as companies continue their push to reach consumers on mobile phones.

The company showed no indications of slowdown in growth, as quarterly profit came in at $3.57 billion, more than twofold of the $1.56 billion it posted a year ago. The social media firm also reported sales rose 51% to $8.81 billion, surpassing analyst estimates.

Monthly active users on Facebook also rose 17% on-year to 1.86 billion, with 1.23 billion checking their accounts daily and 1.74 billion users accessing it through their mobile phones.

Facebook has now solidified its position as the number 2 in the mobile advertising market, following Alphabet Inc.'s Google.

In November, the company cautioned that ad growth would slow significantly due to ad load limits . But the results showed little indication of this flagged slump as revenue jumped to $8.81 billion from $5.84 billion a year prior.

Adjusted profit is at $1.41 per share, higher than the estimated $1.31 average by analysts. Facebook shares jumped as much as 3.6% in late hours trading after the report and settled at $133.23 in NY trading

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  #1546 (permalink)  
Old 02-03-2017, 04:47 AM
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New Zealand Commodity Prices Fall In January



New Zealand's commodity prices decreased for the first time in nine months in January, though slightly, the results of a survey by ANZ showed Friday.

The ANZ commodity price index edged down 0.1 percent month-over-month in January, reversing a 0.7 percent increase in December.

Dairy prices dropped 0.4 percent over the month, due entirely to weaker whole milk powder.

Across all products, the largest fall was again in wool prices, which declined 8.6 percent in January from a month ago.

At the same time, beef and lamb prices climbed by 1.9 percent and 1.6 percent, respectively at the start of the year. Seafood prices registered an increase of 0.9 percent.

The NZD ANZ commodity price index slid 1.1 percent from December, when it grew by 2.0 percent.

On an annual basis, the NZD ANZ commodity price index rose 8.6 percent in January, following a 9.4 percent spike in the preceding month.

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  #1547 (permalink)  
Old 02-03-2017, 07:43 AM
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Technical analysis of EUR/USD for Feb 03, 2017



When the European market opens, some Economic Data will be released, such as Retail Sales m/m, Italian Prelim CPI m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release the economic data, too, such as Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m, so, amid the reports, EUR/USD will move in a medium to high volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.0813.
Strong Resistance:1.0806.
Original Resistance: 1.0796.
Inner Sell Area: 1.0786.
Target Inner Area: 1.0761.
Inner Buy Area: 1.0736.
Original Support: 1.0726.
Strong Support: 1.0716.
Breakout SELL Level: 1.0709.

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  #1548 (permalink)  
Old 02-06-2017, 01:21 AM
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Australia Retail Sales Dip 0.1% In December



The total value of retail sales in Australia was down a seasonally adjusted 0.1 percent on month in December, the Australian Bureau of Statistics said on Monday - coming in at A$25.611 billion.

That missed forecasts for an increase of 0.3 percent following the downwardly revised 0.1 percent gain in November (originally 0.2 percent).

For the fourth quarter of 2016, retail sales advanced 0.9 percent on quarter to A$74.985 billion.

That was in line with expectations following the 0.1 percent contraction in the three months prior.

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  #1549 (permalink)  
Old 02-06-2017, 04:08 AM
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Yahoo Japan Surges as Profit Gets Boost from Ads, E-Commerce



Yahoo Japan Corp. posted its biggest increase since 2013 after quarterly earnings easily topped estimates as profit was bolstered by the strong performance in advertising and online shopping from mobile phones.

The company's shares jumped as high as 17% intraday in Tokyo trading, hitting their daily upward limit. As of 10:35 a.m., the stocks were trading 15% up, adding around $3.4 billion in market value.

Operating income during the December quarter came in at 51.8 billion yen or $460 million, against the estimated 49.5 billion yen. Sales hit 221.4 billion yen, easily topping the 219.5 billion yen.

The strong financial results come amid the company's continued expansion into the mobile platform, which represented for over half of the total advertising revenue for the first time in the company's history. Online shopping via its auction service platform also strengthened its performance, thanks to strict cost management and higher spending by users. Its financial services business also posted a stronger than anticipated performance.

Analysts, who initially had doubts regarding its future performance have changed their view on its potential and sees sustainable growth for the company. Analyst at Cantor Fitzgerald Naoshi Nema upgraded the price target from 400 yen to 660 yen per share.

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  #1550 (permalink)  
Old 02-07-2017, 02:46 AM
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Fxwirepro: Aussie falls Against Major Peers in Early Hours of Asia ahead of Rba?s Cash Rate Decision



AUD/NZD is currently trading around 1.0442 marks.

Pair made intraday high at 1.0465 and low at 1.0439 marks.

Intraday bias remains slightly bearish till the time pair holds immediate resistance at 1.0507 marks.

A consistent close below 1.0458 will take the parity down towards key supports around 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.

On the other side, a sustained close above 1.0458 will drag the parity higher towards key resistances at 1.0507/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.

Australia?s January AIG construction index increases to 47.7 vs previous 47.0.

RBA will release cash rate decision and monetary policy statements at 0330 GMT.

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