Analyst news

• S&P 500 ends at highest in two months; Alphabet up after hours

  22-10-2015 23:58 via news.yahoo.com
  
  The S&P 500 closed at its highest in two months on Thursday as stronger-than-expected earnings from several top companies, including McDonald's, relieved investors' concerns about the profit outlook. Nasdaq 100 futures jumped after the close as well, and were up about 17 percent from the 2015 intrady low hit on Aug. 24. During the regular session, McDonald's shares jumped 8.1 percent to $110.87, giving the Dow its biggest boost, after its quarterly results beat estimates as demand recovered
  
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• Alphabet, formerly Google, sets share buyback, shares jump

  22-10-2015 23:47 via news.yahoo.com
  
  Alphabet Inc , known until recently as Google Inc, introduced its first share buyback and beat Wall Street's profit forecast on Thursday, sending its stock to its highest-ever level in after-hours trading. The company's bottom line was boosted by strong gains in mobile search and YouTube advertising, while it kept a tight lid on expenses. Investors have been pressing the company to return more of its cash pile, but the announcement that Alphabet would buy back up to $5.09 billion of its Class C
  
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• Google's 3Q earnings surge 45 pct, Alphabet stock soars

  22-10-2015 23:24 via news.yahoo.com
  
  SAN FRANCISCO (AP) — Google's third-quarter report is getting an "A'' from investors as the Internet search leader enters a new era under Alphabet, its new parent company.
  
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• TSX gains 173 points on earnings reports, oil prices

  22-10-2015 22:29 via news.yahoo.com
  
  Toronto's main stock index racked up triple-digit gains on Thursday, encouraged by the beginning of earnings season and a rise in oil prices. The TSX was up 173 points to 13,878 at the close, a solid gain that came despite a steep downturn in shares of Quebec drugs maker Valeant. The TSX also was buoyed by oil prices, which rose after three days of declines.
  
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• USDCAD Risks Reversal Below 1.3150 on Canadian CPI

  22-10-2015 21:42
  
  USDCAD responded to near-term resistance today ahead of key CASD inflation data. Here are the updated targets & invalidation levels that matter heading into the close of the week.
  
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• Oil edges up on gasoline, Wall Street; stockpile worry limits gains

  22-10-2015 21:40 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Crude oil inched higher on Thursday as gains prompted by a rally in gasoline and technical charts calling for higher prices were capped by worries about high U.S. crude inventories. A surge in Wall Street share prices also lent support to oil despite pressure exerted by the dollar's rise to a three-week high. Crude prices rose more in early trading as gasoline rallied up to 3 percent as traders re-evaluated Wednesday's U.S. government data showing a 1.5 mi
  
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• GBP/JPY Technical Analysis: Still Confined to the Bear Flag

  22-10-2015 21:36
  
  In our last article, we looked at a confluent zone of Fibonacci resistance that was offering a near-term topping formation in GBP/JPY. And within 24 hours, both profit targets were cleared as a disappointing inflation report out of the UK sent prices spiraling lower as rate hike expectations were quickly diminished as the British economy became the most recent to go into ‘deflation.’ The two provided targets were at 182.50 (a major psychological level as well as a recent price action
  
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• Strong company earnings send stock indexes sharply higher

  22-10-2015 21:03 via news.yahoo.com
  
  U.S. stocks moved sharply higher in afternoon trading Thursday, on course to rebound after a two-day slide. Investors welcomed encouraging earnings from McDonald's, eBay and other companies and news that the European Central Bank could consider expanding its stimulus program in December. Industrials stocks were among the biggest gainers.
  
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• USD/CHF Technical Analysis: Franc Taking a Ride on Draghi’s Tone

  22-10-2015 20:40
  
  In our last article, we looked at a long position with the basis of confluent Fibonacci support at the .9500 region on USD/CHF. This was a big level, as we had two different longer-term Fibonacci levels within a five-pip range of a major psychological level.
  
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• Teck Resources stock up as operating earnings outshine writedown

  22-10-2015 19:20 via news.yahoo.com
  
  Teck Resources Ltd reported stronger-than-expected operating earnings on Thursday, and its share price rose even though weak commodity prices prompted the Canadian miner to write down the value of its coal and other assets by C$2.2 billion ($1.68 billion). Teck, the largest producer of steel-making coal in North America, said coal demand from China was still dropping, weighing on prices despite production cuts around the world. Coal producers globally have announced about 50 million tonnes of ou
  
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• S&P, Dow hit nine-week highs after ECB comments, results

  22-10-2015 19:01 via news.yahoo.com
  
  (Reuters) - The S&P 500 and the Dow rallied to nine-week highs and were poised for their best month since October 2011, on strong corporate results and cues from the European Central Bank about extending its stimulus program.
  
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• GBP/USD Risks Further Losses as Bearish Outside-Day Takes Shape

  22-10-2015 18:50
  
  GBP/USD stands at risk for a further decline ahead of the U.K. 3Q GDP report as the pair fails to hold near-term support and carves a bearish outside-day formation.
  
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• Strong company earnings send stock indexes higher

  22-10-2015 18:17 via news.yahoo.com
  
  Encouraging earnings from McDonald's, eBay and other companies sent U.S. stocks higher in midday trading Thursday. The market also got a lift from a rally in European stocks after the head of the European Central Bank said the bank will consider expanding its stimulus program in December. Industrials stocks were among the biggest gainers.
  
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• Oil rises on support from gasoline, Wall Street strength

  22-10-2015 18:13 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Crude oil prices inched up on Thursday, supported by a rally in gasoline and technical charts suggesting a price rebound, although higher inventories limited gains for crude. A two-week high in the dollar also reduced some of the upward potential for crude, even as a surge in share prices on Wall Street bolstered sentiment, oil dealers said. U.S. crude's West Texas Intermediate (WTI) oil also rose by 30 cents to $45.50.
  
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• Hospital shares sink as Community predicts 3Q earnings miss

  22-10-2015 17:37 via news.yahoo.com
  
  Hospital stocks tanked Thursday after another big chain warned Wall Street that it won't meet third-quarter earnings expectations.
  
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• Price & Time: EUR/USD – The Real Deal?

  22-10-2015 17:10
  
  Timing coming up for EUR/USD. The pair is facing now the 38% retracement level of Fibonacci from the March to August Movement.
  
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• Lawyer for accused 'flash crash' trader calls U.S. extradition request false

  22-10-2015 16:50 via news.yahoo.com
  
  By Michael Holden LONDON (Reuters) - The U.S. request to extradite London-based trader Navinder Sarao, accused of helping to spark the 2010 Wall Street "flash crash", is "false and misleading" because it misrepresented the way markets work, his lawyer said on Thursday. Sarao is wanted by U.S. authorities after being charged with 22 criminal counts including wire fraud, commodities fraud, commodity price manipulation and attempted price manipulation. The 36-year-old, who lives and worked at his p
  
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• Wall St. opens higher after McDonald's results, job data

  22-10-2015 16:40 via news.yahoo.com
  
  (Reuters) - Wall Street opened higher on Thursday after strong results from McDonald's and eBay lifted sentiments and jobless claims data supported evidence of a healthy labor market.
  
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• An early gain for stocks, driven by strong company earnings

  22-10-2015 16:22 via news.yahoo.com
  
  U.S. stocks moved higher in early trading Thursday as investors welcomed encouraging earnings from McDonald's, eBay and other companies. The market also got a lift from a rally in European stocks after the head of the European Central Bank said the bank will consider expanding its stimulus program in December.
  
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• ECB to Re-Examine QE, but Will Traders Wait to Sell EUR/USD?

  22-10-2015 15:14
  
  The ECB announced that they'll re-examine QE ahead of the December meeting, and this may be enough to spark continuation of the Euro down-trend.
  
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• EUR/USD Tanks as ECB Signals Willingness to Expand Easing Measures

  22-10-2015 15:10
  
  The European Central Bank’s rate decision today didn’t yield any substantive moves, but there was plenty of innuendo about what may be coming next.
  
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• NZD/USD: review and forecast

  22-10-2015 14:39 via liteforex.com
  Forex analytics: Current trendAfter opening of the Asian session, the NZD significantly strengthened against the USD and reached the level of 0.6784.Today, the ECB Monetary Policy meeting is due, where the regulator could expand its current QE program that would support the US Dollar and pressure the NZD/USD pair. Also today, the labour market statistics are due from the US. The number of Initial Jobless ...
  
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• European stocks and dollar edge up, ECB keeps rates steady

  22-10-2015 14:14 via news.yahoo.com
  
  Shares rose in Europe and the dollar made slight gains on Thursday, with investors focusing on a news conference by the head of the European Central Bank after it left interest rates unchanged. ECB President Mario Draghi was scheduled to hold a news conference at 0830 ET and was expected by some to signal readiness to take further steps to stimulate the euro zone economy. Wall Street was likely to follow Europe higher, stock index futures indicated .
  
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• Euro Stagnant After Unchanged Rates; Market Waits for Draghi

  22-10-2015 14:09
  
  The Euro was little changed versus the US Dollar after the ECB kept rates unchanged
  
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• EUR/USD: fall continues

  22-10-2015 14:00 via liteforex.com
  Forex analytics: Current trendDuring this week, the EUR/USD pair remained within a narrow descending channel. Today, the price broke down its bottom border and consolidated near the key support level at 1.1300.The decline in the pair was due to fall in demand for the Euro prior to the ECB meeting, where the regulator decides on its interest rates and future monetary policy. As the change in interest rates is ...
  
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• XAU/USD: important news ahead

  22-10-2015 13:15 via liteforex.com
  Forex analytics: Current trendWhile market participants are waiting for the ECB meeting, which is likely to shed light on the further prospects of the EU monetary policy, the volatility in the XAU/USD pair has been very low since the opening of the trading session.Lowering expectations of US rate hike allowed the price of gold to strengthen from August lows to the level of 1080.00. At the same time, verbal ...
  
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• Nasdaq profit jumps on higher trading volumes, Dorsey Wright deal

  22-10-2015 13:14 via news.yahoo.com
  
  (Reuters) - Transatlantic exchange operator Nasdaq Inc reported a 12 percent jump in quarterly profit, helped by the acquisition of data analytics firm Dorsey Wright and higher equity trading volumes. Net income attributable to Nasdaq was $138 million, or 80 cents per diluted share in the third-quarter ended Sept. 30, up from $123 million, or 71 cents per share, a year earlier. The company earned 88 cents per diluted share, excluding one-time items such as restructuring charges and currency head
  
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• Tradet Setups in EUR-crosses and Preview for ECB Meeting

  22-10-2015 12:45
  
  EURUSD may see a more muted response today than other pairs like EURAUD, EURCAD, or EURGBP.
  
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• Trade Setups in EUR-crosses and Preview for ECB Meeting

  22-10-2015 12:45
  
  EURUSD may see a more muted response today than other pairs like EURAUD, EURCAD, or EURGBP.
  
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• MIDEAST STOCKS-Budget worries hit Saudi, Egypt soft as Amer resumes trade

  22-10-2015 11:42 via news.yahoo.com
  
  DUBAI, Oct 22 (Reuters) - Worries that Saudi Arabia may cut subsidies and state spending and raise taxes to cover its budget deficits in an era of cheap oil hurt its stock market early on Thursday. Egypt's market was soft as the split of Amer Group into two firms dominated trade. The International Monetary Fund said on Wednesday that Riyadh was considering a wide range of fiscal reforms - many of which could hurt corporate profits, at least initially - to cope with a budget gap that would total
  
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• XAG/USD: decline continues

  22-10-2015 10:35 via liteforex.com
  Forex analytics: Current trendOn Wednesday, the price of silver continued declining. The US dollar gains support from recent statements of the Fed officials who still suggest a possibility of a rate increase before the end of the year. Moreover, the American currency is strengthening amid expectations of the ECB meeting which is likely to outline the prospects of the European monetary policy. Analysts believe ...
  
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• EUR/USD Plagued by Dovish ECB Bets- Will Draghi Buy More Time?

  22-10-2015 10:00
  
  Despite bets for an extension/expansion of the ECB’s QE program, more of the same from President Mario Draghi may trigger a near-term advance in EUR/USD.
  
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• Euro Traders Bet on Weakness Before ECB Rate Decision

  22-10-2015 09:48
  
  Euro traders are positioned for weakness in the single currency before an ECB monetary policy announcement, implying a dovish turn ahead.
  
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• GBP/USD: decline continues

  22-10-2015 09:32 via liteforex.com
  Forex analytics: Current trendOn Wednesday, the British pound was declining against the US dollar. However, the volatility was low as there were no important macroeconomic releases from the US and market participant are waiting for the results of the ECB meeting, which are likely to shed light on the future of the European monetary policy.The GBP gained moderate support from macroeconomic statistics. Thus, ...
  
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• Hyundai Motor reports lowest earnings in more than 5 years

  22-10-2015 09:00 via news.yahoo.com
  
  SEOUL, South Korea (AP) — Hyundai Motor Co. reported Thursday its lowest quarterly earnings in more than five years after underestimating strong demand for SUVs and losing ground to local brands in China.
  
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• Asian stocks markets mostly down on weak US earnings

  22-10-2015 08:50 via news.yahoo.com
  
  SEOUL, South Korea (AP) — Asian stock markets were mostly lower Thursday after disappointing U.S. earnings reports dented investor sentiment.
  
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• News of the day. Thursday 22.10.2015

  22-10-2015 08:27 via liteforex.com
  Forex analytics: The most important event of Thursday is going to be the European Central Bank meeting. However, the day will start with a publication of September data on Retail Sales in the UK at 11:30 am (all times stated in GMT +3). The index is expected to grow, from 0.2% to 0.4% on a month-to-month basis and from 3.7% to 4.8% in yearly terms, which would support the Pound. The ECB Interest Rate Decision is ...
  
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• Travis Perkins sees year earnings at lower end of market view

  22-10-2015 08:20 via news.yahoo.com
  
  LONDON (Reuters) - Travis Perkins , the owner of DIY stores Wickes and heating supplies group BSS, said its full-year earnings would be at the lower end of market expectations after weak ...
  
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• Oil Faces Persistent Demand Weakness; Gold Retreats as Dollar Recovers

  22-10-2015 07:17
  
  Oil slid after EIA’s report recapped weekly US stock build. Gold tumbled as USD recovered. Copper bounced on Chinese output slowdown
  
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• Asian stocks mostly lower on weak Wall Street lead, earnings

  22-10-2015 04:44 via news.yahoo.com
  
  SEOUL, South Korea (AP) — Asian stock markets were mostly lower Thursday as a weak lead from Wall Street and disappointing earnings reports dented investor sentiment.
  
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• Analysis - Valeant plunge spotlights cracks in specialty pharma's M&A facade

  22-10-2015 03:05 via news.yahoo.com
  
  By Carl O'Donnell NEW YORK (Reuters) - A simple promise turned Valeant Pharmaceutical International Inc and some of its rivals into stock market darlings: we will buy more companies and make more money selling drugs. Valeant's shares dropped as much as 39 percent on Wednesday, equivalent to about $20 billion, after Citron Research, a short-selling firm, published a report accusing it of using specialty pharmacies to inflate its revenues. Valeant refuted the claims, but its shares still ended dow
  
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• Analysis – Valeant plunge spotlights cracks in specialty pharma’s M&A facade

  22-10-2015 03:05 via rocketnews.com
  By Carl O’DonnellNEW YORK (Reuters) – A simple promise turned Valeant Pharmaceutical International Inc and some of its rivals into stock market darlings: we will buy more companies and make more money selling drugs. Now investors worry if they can still deliver.Valeant’s shares dropped as much as 39 percent on Wednesday, equivalent to about $20 billion, after Citron Research, a short-selling firm, published a report accusing it of using specialty pharmacies to inflate its reven
  
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• Valeant meltdown costs investors billions; Ackman ups stake

  22-10-2015 02:09 via news.yahoo.com
  
  A precipitous plunge in the stock price of Valeant Pharmaceuticals International Inc cost some of Wall Street's top names billions of dollars on Wednesday but hedge fund manager William Ackman took the meltdown as a buying opportunity. The purchase means Ackman's Pershing Square Capital Management is now the company's second-largest shareholder, leapfrogging asset manager T.Rowe Price. Ackman lost about $500 million in Wednesday's rout and the source familiar with Ackman's fund said his Valeant
  
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• US pre-open: Futures push higher as investors await earnings from Wall Street's heavyweights

  22-10-2015 02:05 via news.yahoo.com
  
  (ShareCast News) - US stock futures turned north for the first time in three days on Thursday, as investors awaited a raft of earnings reports and some key economic data.
  
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• Strong US Dollar Digs Into Multinationals 3Q Revenues

  22-10-2015 01:33
  
  There has been a common theme among multinational corporations seeing declines in net revenues this earnings season - a strong US dollar.
  
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• Carney Hints Brexit Speculation Will Not Delay Interest Rate Hikes

  22-10-2015 00:55
  
  Fears of a possible UK exit the EU after a referendum to be held no later than 2017 has not hurt the economy so far, according to BOE Governor Mark Carney.
  
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