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Daily Binary Options Forecast & Signals By Option Banque
post Today, 10:11 AM
Post #856

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Shares of Oracle Take Off 10% After Upbeat Fiscal Q4 Earnings Report and Rosy Outlook for 2018

Shares of Oracle Corp. jumped sharply more than 10 percent in after-hours trading on Wednesday after the Redwood Shores, California-based company reported its fiscal fourth-quarter earnings that beat expectations.

For the final quarter in its 2017 fiscal year, the computer technology corporation posted net income of $3.23 billion, or 76 cents a share. Adjusted for one-time items, the software giant reported profit of 89 cents a share on sales of $10.89 billion, which topped analystsí forecast for earnings of 78 cents a share on revenue of $10.46 billion.

Shares of Oracle soared 10.3 percent to trade at $51.10 per share after closing the regular trading session 1.07 percent higher. After two years witnessing declines in profit and revenue, Oracle posted full-year revenue growth of 1.8% and profit growth of 4.9%. Growth in the current fiscal quarter, which began June 1, is anticipated to jump even more which may boost full-year sales to growth at the pace from 4% to 6%.

Trade suggestion

Buy Digital Call Option from 51.10 to 52.00 valid until 20:00 GMT June 22, 2017


Canadian Dollar Rallies Verus the Greenback after April Retail Sales Beat Forecast

The Canadian dollar rallied against its American counterpart in North American trading on Thursday after a report showed retail sales in the country grew at a faster pace than expected in April.

The currency pair USDCAD dropped more than 0.8 percent to trade around C$1.320 per dollar, reversing lower after heading upwards for three days in a row. The loonie jumped sharply higher after Statistics Canada on Thursday reported that retail sales rose 0.8 per cent in April compared to the previous month. The result topped analystsí expectations for a 0.2 percent gain on a monthly basis and also beat the 0.5 per cent advance recorded in March.

Core retail sales, which exclude auto and car parts related sales, were reported to soared 1.5 percent during the period. Upbeat Aprilís reading not only marked a reversal into an uptrend after a drop of 0.1 percent in March but also helped bolster optimism over the economy and strengthen the case of the Bank of Canada raising interest rates.

Trade suggestion

Buy Digital Put Option from 1.32200 to 1.31700 valid until 20:00 GMT June 22, 2017


AUD/CAD signal by Option Banque

From 0.99700
Till 0.99400
Sell Option Digital
Direction Put
Expiry GMT 21:00 22/06/2017
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