Analyst news

• Yahoo signs ad pact with Google; earnings and revenue miss

  20-10-2015 23:31 via news.yahoo.com
  
  (Reuters) - Yahoo Inc said on Tuesday it had signed a search advertising deal with Google Inc, providing a potential boost to Marissa Mayer's efforts to turn around the company, which also reported revenue and profit that fell short of market estimates. The deal with Google, a unit of Alphabet Inc, builds on an existing search partnership Microsoft Corp under which Yahoo gets a percentage of revenue from ads displayed on its sites. Yahoo, whose shares were down slightly in after-hours trading, h
  
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• Wall Street ends down with healthcare, IBM; United Tech rises

  20-10-2015 23:12 via news.yahoo.com
  
  U.S. stocks ended slightly lower on Tuesday as a decline in healthcare and biotech stocks offset gains in United Technologies and Verizon. The stock hit a five-year intraday low at $140.28 after it reported a bigger-than-expected decline in quarterly revenue and cut its full-year profit forecast. The S&P healthcare sector fell 1.5 percent, while the Nasdaq Biotech Index dropped 3.2 percent.
  
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• NZDCAD Posts Outside Day Reversal Pre-BoC; Shorts Face 8700 Hurdle

  20-10-2015 21:31
  
  NZDCAD eyes support ahead of the BoC with a downside break to keep our focus lower in the pair. Here are the updated targets & invalidation levels that matter.
  
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• Wall Street hit by healthcare slump; U.S. yields rise

  20-10-2015 20:49 via news.yahoo.com
  
  By Sam Forgione NEW YORK (Reuters) - U.S. Treasury yields rose on Tuesday on signs of improvement in the U.S. housing market, while Wall Street was mostly lower after a slump in healthcare and biotech stocks. The euro rebounded against the dollar after falling for three straight sessions, bolstered by solid regional economic data and comments from ECB officials suggesting further monetary easing may not be imminent.
  
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• Market overview: BofA pushes back ECB QE2 call

  20-10-2015 20:45 via news.yahoo.com
  
  (ShareCast News) - 1630:Close Stocks edged lower, tracking the selling pressure on Wall Street amid a small retreat in Gilts (although they outperformed) and a mixed performance by commodities. Copper ...
  
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• New U.S. ETFs to shield China stock investors from currency swings

  20-10-2015 19:24 via news.yahoo.com
  
  By Trevor Hunnicutt NEW YORK, Oct 20 (Reuters) - Two exchange-traded funds (ETFs) launched in the United States on Tuesday will provide investors with access to China's onshore stock market while tamping down swings in the yuan. After a year that saw the unexpected slide of the Chinese yuan slice into foreign investors' returns, the two funds become the first so-called currency-hedged ETFs to track stocks traded within China, according to FactSet Research Systems Inc. The funds - Deutsche X-trac
  
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• Like its cars, Ferrari shares won't come cheap or easily

  20-10-2015 19:09 via news.yahoo.com
  
  By Agnieszka Flak MILAN (Reuters) - Alessia Scipione played in Ferrari bumper cars as a child, avidly follows her favourite team during Formula One races and when the Italian sportscar maker goes public on Wall Street on Wednesday she may get a chance to own a small piece of it. Or so she hopes, because like its sportscars with the prancing horse logo, the shares will not be cheap or easy to buy with Ferrari enthusiasts worldwide clamouring to buy into a brand with a cult-like status. "I will pr
  
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• Wall St. slightly lower as healthcare stocks dip

  20-10-2015 19:06 via news.yahoo.com
  
  (Reuters) - Wall Street was slightly lower on Tuesday as healthcare and biotech stocks fell, offsetting gains by Verizon and United Technologies.
  
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• Factbox - From racing roots to Wall Street debut: Ferrari

  20-10-2015 19:06 via news.yahoo.com
  
  (Reuters) - Ferrari will debut on Wall Street on Wednesday. Fiat Chrysler Automobiles (FCA) is offering a stake of up to 10 percent in Ferrari at $48-$52 a share. Below are some facts about the maker of sports cars with the prancing horse logo: * Founded by Enzo Ferrari (1898-1988) who attended his first race at the age of 10.
  
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• NZD/USD Hit by Weak Dairy Auction- Next Hurdle Stands at 0.6700

  20-10-2015 18:50
  
  NZD/USD may face a larger decline following the weak Global Trade Dairy Auction, with the next downside hurdle standing at 0.6700.
  
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• IBM, China data weigh on global shares

  20-10-2015 18:47 via news.yahoo.com
  
  By Sam Forgione NEW YORK (Reuters) - U.S. Treasury yields rose on Tuesday on signs of improvement in the U.S. housing market, while Wall Street was mostly lower as IBM shares dropped on weak results. Gains in Verizon and United Technologies after strong results helped offset IBM's drop. "There is still the legacy of the weak Chinese data that is hanging over parts of the market today," said Hantec Markets' analyst Richard Perry.
  
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• Clinton Seizes Control of the Democratic Campaign

  20-10-2015 18:23 via news.yahoo.com
  
  Three new surveys released on Tuesday confirm that Hillary Clinton crushed it during last week’s Democratic presidential debate. The new polls -- from the Wall Street Journal-NBC News, the Washington Post-ABC News and the Morning Consult -- show Clinton surging ahead of Sen. Bernie Sanders of Vermont, her chief rival for the nomination, and indicate that Vice President Joseph Biden may have waited too long to decide whether to make a late entry into the Democratic presidential contest. Bid
  
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• IBM, China data weigh on shares; U.S. yields rise

  20-10-2015 18:14 via news.yahoo.com
  
  By Sam Forgione NEW YORK (Reuters) - U.S. Treasury yields rose on Tuesday on signs of improvement in the U.S. housing market, while Wall Street was mostly lower as IBM shares dropped on weak results. IBM fell 5.5 percent, putting a damper on the benchmark U.S. S&P 500 index and the Dow, a day after reporting a bigger-than-expected fall in quarterly revenue. Gains in Verizon and United Technologies after strong results helped offset IBM's drop.
  
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• Wall St. little changed as earnings gain momentum

  20-10-2015 17:25 via news.yahoo.com
  
  (Reuters) - U.S. stocks were little changed on Tuesday as Verizon and United Technologies rose after strong quarterly results, limiting the losses caused by IBM's disappointing results and lowered forecast.
  
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• Harley-Davidson plans job cuts after earnings miss

  20-10-2015 17:09 via news.yahoo.com
  
  NEW YORK (AP) — Harley-Davidson Inc. plans to cut an unspecified number of jobs and ship fewer motorcycles than it had planned for the year after reporting third-quarter earnings and revenue that fell short of Wall Street expectations.
  
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• Liberal infancy expected to be met with lukewarm greeting from large business

  20-10-2015 16:44 via rocketnews.com
  The greeting to Canada’s initial Liberal infancy supervision in some-more than a decade is expected to be churned from a batch marketplace and Canada’s business community.
  Canada’s oilpatch was clearly pulling for another Conservative government, as a Tories have been a tighten crony to a appetite attention over a years.
  Oil attention reaction
  The Tories campaigned tough in foster of expanding Canada’s tube network, while a Liberals had a some-more nuanced, case-by-
  
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• Ferrari shares approaching to bake rubber on Wednesday IPO

  20-10-2015 16:43 via rocketnews.com
  LONDON (ShareCast) – (ShareCast News) – Fuelled by clever sell financier seductiveness in a initial open offer, Ferrari was approaching to bake rubber when it done a Wall Street entrance on Wednesday though analysts are divided on either a batch will make a roadworthy long-term investment.Although other IPOs had faltered recently and many investors questioned a timing of a share emanate as China appears to be attack a skids, Ferarri’s spin-off by owners Fiat Chrysler Automobile
  
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• China’s CICC slashes distance of Hong Kong IPO to $800 million -WSJ

  20-10-2015 16:43 via rocketnews.com
  BEIJING, Oct 20 (Reuters) – China International Capital
  Corp. (CICC), a country’s tip domestic investment bank,
  slashed a distance of a initial open charity in Hong Kong to
  $800 million, after observant final month it approaching to lift $1
  billion, sources told a Wall Street Journal on Tuesday. The bank skeleton to list a shares on Nov. 9, dual sources
  with believe of a understanding told a paper, and could cost its
  IPO on Oct. 30. A mouthpiece for CICC declined to comment. CICC pr
  
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• Actelion raises 2015 gain foresee after clever drug sales

  20-10-2015 16:43 via rocketnews.com
  By John Miller
  ZURICH (Reuters) – Europe’s biggest biotech organisation Actelion Ltd , that is weighing acquisitions to boost a reach, lifted a full-year gain foresee on Tuesday as sales of a new lung and heart drug kick expectations.
  Sales of Actelion’s new pulmonary arterial hypertension (PAH) drug Opsumit were 147 million francs (99 million pounds) in a third quarter, above a 125 million foresee by analysts. Net income was 165 million, again above forecasts of 134 million.
  
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• Price & Time: Do Or Die This Week For USD/CAD?

  20-10-2015 16:30
  
  An important testing is looming in USD/CAD and the support level at 1.2860/95 remains critical for the pair.
  
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• Ferrari shares expected to burn rubber on Wednesday IPO

  20-10-2015 15:42 via news.yahoo.com
  
  (ShareCast News) - Fuelled by strong retail investor interest in its initial public offer, Ferrari was expected to burn rubber when it made its Wall Street debut on Wednesday but analysts are divided on ...
  
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• Wall Street set to open little changed as results roll in

  20-10-2015 15:04 via news.yahoo.com
  
  (Reuters) - Wall Street was set to open little changed on Tuesday as investors digested a barrage of quarterly earnings reports including Dow components Travelers, Verizon and IBM.
  
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• XAU/USD: ahead of Fed meeting

  20-10-2015 14:44 via liteforex.com
  Forex analytics: Current trendThe price of gold gains support from lowering expectations that the Fed will increase interest rates as early as this year. One of the factors that may deter a rate hike is a notable slowdown of China’s economy.At the same time, verbal intervention of the Fed’s officials restrains the price of gold from significant strengthening.Today, attention should be paid to FOMC ...
  
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• Don’t Call it a Comeback: Small-Cap Chinese Stocks Throttle Higher

  20-10-2015 14:40
  
  After a frightening panic to close out the summer, Chinese stocks are on their way back. But bifurcations in Chinese equities may be highlighting something important.
  
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• CAC40 Reaches Bearish Ichimoku Cloud Resistance

  20-10-2015 14:10
  
  The CAC 40 has traded to Ichimoku Cloud resistance after retracing in a downtrend. Learn today’s technical trading values with the Chart of the Day!
  
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• China's CICC slashes size of Hong Kong IPO to $800 million -WSJ

  20-10-2015 14:03 via news.yahoo.com
  
  China International Capital Corp. (CICC), the country's top domestic investment bank, slashed the size of its initial public offering in Hong Kong to $800 million, after saying last month it expected to raise $1 billion, sources told the Wall Street Journal on Tuesday. The bank plans to list its shares on Nov. 9, two sources with knowledge of the deal told the paper, and could price its IPO on Oct. 30. A spokeswoman for CICC declined to comment.
  
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• Liberal majority met with lukewarm reaction from big business

  20-10-2015 13:56 via news.yahoo.com
  
  The reaction to Canada's first Liberal majority government in more than a decade is likely to be mixed from the stock market and Canada's business community. Canada's oilpatch was clearly pulling for another Conservative government, as the Tories have been a close friend to the energy industry over the years. The Tories campaigned hard in favour of expanding Canada's pipeline network, while the Liberals had a more nuanced, case-by-case approach: in favour of TransCanada's Energy East p
  
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• Liberal majority likely to be met with lukewarm reaction from big business

  20-10-2015 13:56 via news.yahoo.com
  
  The reaction to Canada's first Liberal majority government in more than a decade is likely to be mixed from the stock market and Canada's business community. Canada's oilpatch was clearly pulling for another Conservative government, as the Tories have been a close friend to the energy industry over the years. The Tories campaigned hard in favour of expanding Canada's pipeline network, while the Liberals had a more nuanced, case-by-case approach: in favour of TransCanada's Energy East p
  
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• USD/TRY: growth is expected

  20-10-2015 13:05 via liteforex.com
  Forex analytics: Current trendSince the beginning of October, the USD/TRY pair remains in a correction to the main trend within an ascending channel.The pair was pressured by fall in demand for the USD amid reduced expectations on the market of an interest rate increase in the US before the end of the year, as well as growing Turkish stock market. In October, the BIST100 index grew by more than ...
  
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• USD/JPY: with no direction

  20-10-2015 13:03 via liteforex.com
  Forex analytics: Current trendInvestors expect the US economy to show a strong growth in the coming months, thus allowing the Fed to raise its interest rate. Key Fed officials suggest that a rate hike will happen before the year is out.On the contrary, export-oriented Japanese economy needs loose monetary policy and the weak national currency. If at the forthcoming meeting, due 28 October, the Fed keeps ...
  
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• AUD/USD, EUR/AUD, EUR/CAD Ready for Next Moves Around BoC, ECB

  20-10-2015 12:42
  
  The Canadian Dollar may be in the early stages of a turn.
  
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• Actelion raises 2015 earnings forecast after strong drug sales

  20-10-2015 11:07 via news.yahoo.com
  
  ZURICH, Oct (HKSE: 3366-OL.HK - news) 20 (Reuters) - Europe's biggest biotech firm Actelion Ltd (LSE: 0QMN.L - news) , which is weighing acquisitions to increase its reach, raised its full-year earnings forecast on Tuesday as sales of a new lung and heart drug beat expectations. Sales of Actelion's new pulmonary arterial hypertension (PAH) drug Opsumit were 147 million francs ($154 million) in the third quarter, above the 125 million forecast by analysts. In the first nine months, Actelion's cor
  
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• MIDEAST STOCKS-Saudi soft on oil, property shares boost Egypt

  20-10-2015 10:46 via news.yahoo.com
  
  DUBAI, Oct 20 (Reuters) - Saudi Arabia's stock market was soft in early trade on Tuesday in response to weak oil prices, while real estate stocks, seen as a hedge against currency depreciation, boosted Egypt. Brent crude sank nearly 4 percent overnight and remained under pressure in Asian trade on Tuesday. This helped to push the Saudi stock index down 0.3 percent in the opening minutes. Some shares tumbled in response to poor third-quarter earnings, with Saudi International Petrochemical Co (Si
  
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• AUD/USD: AUD strengthens after RBA Minutes

  20-10-2015 10:44 via liteforex.com
  Forex analytics: Current trendToday the AUD is strengthening against the USD.The pair found support after the publication of the latest RBA Minutes, where the regulator highlighted improvements on the labour market and noted that economy growth slowdown in the second quarter is likely to be a temporary event. In addition, the regulator pointed out to a strong positive effect to the economy from weakening in ...
  
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• South Africa's rand firmer but vulnerable to U.S. housing data

  20-10-2015 10:18 via news.yahoo.com
  
  South Africa's rand was firmer against the dollar on Tuesday, but market analysts said it could come under renewed pressure if U.S. housing numbers supported the case for a rate hike in the world's biggest economy. The stock market got off to a weak start, with the blue-chip JSE Top-40 index falling 0.69 percent to 47,403 while the broader All-share index was down 0.63 percent. Analysts however noted that the rand had failed to push through 13.0000 on Monday, and underperformed its emerging mark
  
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• Brent: decline at the beginning of the week

  20-10-2015 09:43 via liteforex.com
  Forex analytics: Current trendOn Monday, the price of Brent crude oil fell amid not so favorable macroeconomic releases both from China and the US. In the US, analytical agencies reported a decline in the total number of drilling rigs.Macroeconomic statistics from China indicated that, in annual terms, Industrial Production grew by 5.7% in October which is significantly below the forecast of 6.0% and the ...
  
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• NZD/USD: pair in correction

  20-10-2015 09:32 via liteforex.com
  Forex analytics: Current trendSince the beginning of this week, the pair continues developing correction.The main factor affecting currencies movements remains doubts on the markets regarding the timing of an interest rate increase in the US.At the same time, macroeconomic data that came out in China on Monday slightly pressured the pair. The Industrial Production in October fell from 6.1% to 5.7%, while ...
  
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• News of the day. Tuesday 20.10.2015

  20-10-2015 08:18 via liteforex.com
  Forex analytics: On Tuesday, it is worth noting the following macroeconomic statistics. Trade Balance, Exports and Imports indicators for September are due at 9:00 a.m. (GMT+3) in Switzerland. Trade Balance is expected to remain in surplus but decline from the previous value and reach 2.510 billion Swiss francs.American Housing Market is one of the key sectors of the US economy and its statistics is due at ...
  
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• EXCLUSIVE-Saudi CMA may relax investor rules to join world indices

  20-10-2015 08:00 via news.yahoo.com
  
  By Marwa Rashad and David French RIYADH, Oct 20 (Reuters) - Saudi Arabia would be open to relaxing its rules on foreigners investing directly in its stock market to help it get included in global indices, the chairman of the Saudi financial-markets regulatory agency, the Capital Market Authority, told Reuters. In his first interview with international media since his appointment in January, Mohammed al-Jadaan also defended the limited trading so far by qualified foreign investors (QFIs) and note
  
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• Canadian Dollar Falls as Liberals Unseat PM Harper to Win Election

  20-10-2015 07:44
  
  The Canadian Dollar fell as general election results showed Justin Trudeau’s Liberal Party has unseated incumbent Prime Minister Stephen Harper.
  
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• High USD and Demand Woes Stress Commodities despite Economic Resilience

  20-10-2015 07:17
  
  Progressively higher US dollar and renewed China demand woes sent oil, copper lower. Gold faded after a decade-high US housing index
  
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• Apple Music hits 6.5 million paid users: Tim Cook

  20-10-2015 06:43 via news.yahoo.com
  
  Apple Inc's new music streaming service has netted more than 6.5 million paid users, the tech giant's Chief Executive Officer Tim Cook said on Monday. Speaking at a technology conference organized by The Wall Street Journal in Laguna Beach, Calif., Cook said that an additional 8.5 million people are participating in a free trial of the Apple Music service. "I'm really happy about it, and I think the runway here is really good," Cook said.
  
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• Key Indian equity indices trade flat early on Tuesday

  20-10-2015 06:18 via news.yahoo.com
  
  Mumbai, Oct 20 (IANS) Key Indian stock market indices opened marginally higher and were trading flat in the early hours of the session on Tuesday, in line with the Asian peers.
  
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• US Treasury Adjusts Yuan Stance, Sees China Capital Outflows to Increase

  20-10-2015 04:55
  
  The US Treasury released its report on International Economic and Exchange Rate Policies eyeing China’s capital outflows and the Renminbi.
  
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• Currency Fluctuations, Chinese Slowdown Bleed into MS, IBM Earnings

  20-10-2015 04:41
  
  Monday picked up a new week of the US corporate season with notable releases from Morgan Stanley (MS) and International Business Machine Corporation (IBM).
  
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• EUR/USD Technical Analysis: Eyeing Support Below 1.13

  20-10-2015 04:37
  
  The Euro moved downward against the US Dollar as expected after prices put in a bearish Dark Cloud Cover candlestick pattern.
  
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• Fed’s Williams Talks Accommodative Policy as Fed Rate Decision Nears

  20-10-2015 04:24
  
  During an interview today San Francisco Fed President Williams discussed the possibilities of a Fed rate hike as he focused on the still-accommodative policy environment.
  
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• NZD/USD Technical Analysis: Candle Setup Hints at Topping

  20-10-2015 03:00
  
  The New Zealand Dollar put in a bearish Dark Cloud Cover candlestick pattern, hinting that a top against its US namesake may be taking shape.
  
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• Morgan Stanley’s gain are strike by bond trade slump

  20-10-2015 02:43 via rocketnews.com
  NEW YORK (AP) — Turbulence in tellurian markets strike Morgan Stanley’s business quite tough in a third quarter, promulgation a bank’s gain down 42 percent, good brief of analysts’ estimates.
  The New York-based investment bank and resources advisory organisation warranted $939 million after payments to elite shareholders for a three-month duration finale in September, a bank pronounced Monday, compared with $1.63 billion a year earlier.
  On a per-share basis, a bank warra
  
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• AUD/USD Technical Analysis: Looking to Sell on Upswing

  20-10-2015 02:26
  
  The Australian Dollar is may be readying to make good on a bearishEvening Star candlestick pattern formed below the 0.74 figure against its US namesake.
  
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