GBP/USD Fundamental Analysis – October 28, 2015 - Forecast

The GBP/USD dipped after GDP missed expectations, which surprised the markets as many analysts were expecting a better than forecast report. The pound is down 19 points at 1.5335. The British economy grew by 0.5% compared with the previous three months.
In the context of a global economic outlook that has darkened a little in recent months, it's a steady kind of a figure. Slower than the 0.7% growth rate in the previous period, but not by all that much.
There were some marked differences between sectors. Service industries grew quite strongly, while manufacturing and construction slipped back. For manufacturing it was the third consecutive decline.

selengkapnya ...

Apple, Exxon & Microsoft On Deck As Earnings Season Heats Up

Today will be known as APPLE day, with the tech company releasing its quarterly data.  Analysts agree on one thing: The latest iPhone iteration will not deliver the mega sales enjoyed by the iPhone 6 line around its launch."The evidence thus far suggesting that demand for iPhone 6s is not as frothy as last year is tough to ignore," Susquehanna Financial Group analyst Chris Caso wrote in a note on Thursday.

Sales are clearly a big area of focus. After all, there is a reason why revenue is the top line in the income statement. Apple is expecting revenue to be in the range of $49 billion to $51 billion in the coming release, which would imply a year-over-year increase of between 16% and 21% from the same quarter last year.
Investors need to take a deep look at the company's fundamentals from a long-term point of view as opposed to putting too much attention on Wall Street estimates and market reactions. However, it's worth noting that Wall Street analysts are on average calculating that Apple will make $51.07 billion in revenue, so expectations are moderately above the high end of the company's guidance.

selengkapnya ...