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Today’s Trading Edge: NZD/USD trades steady after RBNZ keeps rates steady at record low

Posted by WorldWideMarkets . on Mar 22, 2017 11:20:21 PM

The Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate unchanged at 1.75%.  The RBNZ assessment of the economy highlighted that monetary policy will continue to be accommodative. They noted that numerous uncertainties remain, particularly in respect of the international outlook, and policy may need to adjust accordingly.

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Topics: New Zealand Dollar nzd/usd, NZD/USD, Kiwi Dollar, RBNZ Monetary Policy

Today’s Trading Edge: General Mills declines after its seventh consecutive sales drop

Posted by WorldWideMarkets . on Mar 22, 2017 12:20:40 AM

General Mills, Inc. (GIS) shares ended the day down by 0.83% to $59.76 after reporting lower than expected third quarter results and affirming its 2017 organic sales forecast. 

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Topics: Equities Market, Stocks

Today’s Trading Edge: Oil remains heavy as supply concerns weigh on prices

Posted by WorldWideMarkets . on Mar 20, 2017 11:23:41 PM

 

Oil prices initially rallied in NY after OPEC support for continuing their supply cut agreement into second half of year is reportedly increasing.  They also noted that they would require non-OPEC participation to extend agreement.  The markets ignored the prospect of a possible extension of supply cuts as concerns remain strong on growing US oil output and high inventories. 

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Topics: US Crude oil, crude oil, WTI, $OIL

Today’s Trading Edge: Tiffany climbs despite earnings miss as Asia sales grow

Posted by WorldWideMarkets . on Mar 19, 2017 11:41:24 PM

 

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Topics: Equities Market, Stocks, Equities, US Stocks

Today’s Trading Edge: Caleres Inc shares collapse after reporting a sharp drop in earnings

Posted by WorldWideMarkets . on Mar 17, 2017 12:34:05 AM

 

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Topics: Equities Market, Stocks, Equities, US Stocks

 

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