Analyst news

• Obama to call for increases in budget for SEC, CFTC: White House

  08-02-2016 23:35 via news.yahoo.com
  
  President Barack Obama's fiscal 2017 budget will call for an 11 percent increase in funding for the Securities and Exchange Commission and a 32 percent increase for the Commodity Futures Trading Commission, a White House official said on Monday. Obama will propose that the SEC be given $1.8 billion and the CFTC $330 million in the budget, economic adviser Jeffrey Zients said in a blog post on the White House website. "Last year the Administration fought hard to keep Congressional Republicans fro
  
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• Growth worries, rate hike uncertainty pull Wall Street down

  08-02-2016 23:26 via news.yahoo.com
  
  U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, although a late rally in energy shares left the market well above its lows of the day. Uncertainty over whether the Federal Reserve would raise rates this year also dragged down U.S. bank stocks, pushing the S&P financial index down 2.6 percent. The index is off 14.6 percent for the year, the worst-performing of the 10 major S&P sectors.
  
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• WTI Crude Oil Price Forecast: $30 Acting Like Strong Price Support

  08-02-2016 22:51
  WTI Crude Oil has found support around the $30 level. Should USD weakness persist, we could see Crude bouncing higher soon.
  
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• Japanese market close to reading last rites over Abenomics

  08-02-2016 22:28 via news.yahoo.com
  
  By Hideyuki Sano and Tomo Uetake TOKYO (Reuters) - When Prime Minister Shinzo Abe launched his three-pronged programme to revive Japan's stagnant, deflationary economy three years ago, the stock market cheered every step along the way. The "third arrow" of Abenomics -- reforms to make the economy more productive -- is barely a work in progress, but Abe got straight to work on the first two, fiscal expansion and monetary stimulus, with the enthusiastic support of a new governor at the Bank of Jap
  
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• Wall Street extends losses in broad selloff

  08-02-2016 21:13 via news.yahoo.com
  
  The Nasdaq led losses for a second straight session, weighed down by Facebook, Amazon and other stocks that had lent strength to the market last year. "When you see selling this broad and non-discriminant, when everything is being sold, it tends to end when it just exhausts everyone who’s worried," said Rick Meckler, president of LibertyView Capital Management in Jersey City, New Jersey. The losses followed a similar drop in European bank shares.
  
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• Webinar: Dollar Prospects Hinge on Yellen- EUR, GBP Setups Favored

  08-02-2016 21:01
  The greenback is trading just above key confluence support with the USD crosses in focus to start the week. Here are the updated targets & invalidation levels that matter.
  
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• Buy or Sell: EUR/USD Retests Point of Breakout

  08-02-2016 20:50
  EUR/USD broke higher last week on expanding volume and shrinking SSI reading. See the higher probability bullish and bearish Elliott Wave pattern we are watching.
  
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• EUR/USD Retail FX Remains Net-Short Despite Bullish Breakout

  08-02-2016 19:50
  Despite the deviating paths for monetary policy, EUR/USD may face a larger recovery as it breaks out of a bearish formation carried over from the end of 2014.
  
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• USD/JPY Technical Analysis: 14-Month Low Revives Reversal Focus

  08-02-2016 19:30
  The Bank of Japan may have created the shortest-lived JPY-cross rally in recent memory. Now the focus turns firmly lower.
  
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• Wall St in selloff mode as techs extend rout, oil falls

  08-02-2016 19:07 via news.yahoo.com
  
  Wall Street was deep in the red in volatile trading on Monday, as technology stocks continued to sell off and oil prices remained under pressure, sending investors scurrying to safe-haven assets. The technology-heavy Nasdaq Composite fell nearly 3 percent to its lowest since October 2014, weighed down by Microsoft, Amazon and Facebook, while the Dow Jones industrial average shed more than 350 points. "Equities are in a 'go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sa
  
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• COT-Specs Increase Euro Longs Most Since June 2015

  08-02-2016 19:02
  The net long position for large speculators (trend followers) in euro futures increased the most since June 2015. Large increases in the speculative net long position often gives way to a period of congestion (sideways trade) before strength resumes.
  
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• European, US stocks hammered by finance sector woes

  08-02-2016 18:16 via news.yahoo.com
  
  European and US stock markets slumped on Monday as investors cashed out of banking shares, with tech and oil stocks also taking a beating. After a quiet session across Asia owing to the Chinese New Year, European markets plunged and were then followed by Wall Street. Focus turned to the banking sector, but the rout deepened after oil prices also resumed their slide, while tech stocks got taken down on Wall Street.
  
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• USD/CHF Technical Analysis: Long USD Setup Available Against CHF

  08-02-2016 18:15
  After breaking a six-week up-trend, USD bulls may have a chance to re-load ahead of Ms. Yellen's testimony in front of Congress later in the week.
  
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• Shares tumble on global growth concerns; Treasury yields fall

  08-02-2016 17:42
  
  By Sam ForgioneNEW YORK (Reuters) – Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10-year Treasury yields hit their lowest in a year on demand for assets deemed less risky.European shares extended the previous week’s big losses, with the FTSEurofirst 300 index of top regional shares falling more than 3 percent to its lowest in 16 months. Cyclical sector
  
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• Global shares tumble on global growth concerns; Treasury yields fall

  08-02-2016 17:41 via news.yahoo.com
  
  By Sam Forgione NEW YORK (Reuters) - Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10-year Treasury yields hit their lowest in a year on demand for assets deemed less risky. Wall Street continued Friday's technology-led selloff, with the benchmark S&P 500 stock index falling more than 2 percent.
  
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• Corrected – Wall St crooks get a screen test – and this time pull in big audiences

  08-02-2016 17:39
  (Corrects spelling of actor Damian Lewis’s name in 10th paragraph)By David Gaffen and Jennifer Ablan NEW YORK (Reuters) – Wall Street villains are having their big moment on both television and the big screen. With the 2008-2009 financial crisis and the accompanying Great Recession not only fresh in many people’s minds but still having an impact on many lives, stories about greed on Wall Street and concern about growing income inequality are resonating well beyond a niche audie
  
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• Cloud and data analytics stocks extend losses after bloodbath

  08-02-2016 17:34
  
  Feb 8 (Reuters) - Shares of companies offering data analytics and cloud services, including Tableau Software Inc , fell sharply again on Monday amid worries that their customers were cutting...
  
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• Barclays shares resume after volatility triggers suspension

  08-02-2016 17:28
  
  LONDON, Feb 8 (Reuters) - Shares in Barclays resumed trading on Monday, having briefly been suspended due to outsized moves.
  
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• US Crude Oil – Global Inflection Point?

  08-02-2016 17:15
  US Crude Oil at key technical juncture, Reaction around January lows should prove pivotal.
  
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• UPDATE 3-Cognizant forecasts slowest revenue growth in 14 years

  08-02-2016 17:11
  
  * Shares fall as much as 8.7 pct in early trading (Adds executive comment, details; updates shares)
  
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• Wall St. down over 2 percent as tech rout deepens, oil drops

  08-02-2016 16:46 via news.yahoo.com
  
  (Reuters) - Wall Street was deep in the red on Monday, as technology stocks extended a selloff from Friday and U.S. crude oil slipped below $30 per barrel, sending investors scurrying for cover to safe-haven assets.
  
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• Wall St down over 2 pct as tech rout deepens, oil drops

  08-02-2016 16:46 via news.yahoo.com
  
  Wall Street was deep in the red on Monday, as technology stocks extended a selloff from Friday and U.S. crude oil slipped below $30 per barrel, sending investors scurrying for cover to safe-haven assets. The technology-heavy Nasdaq Composite fell 2 percent to its lowest since October 2014, weighed down by Microsoft and Facebook, while the Dow Jones industrial average shed more than 300 points. "Equities are in a 'go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sandven,
  
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• UPDATE 3-BioCryst shares tumble after genetic disorder drug fails study

  08-02-2016 16:45
  
  * Shares fall as much as 68 pct (Adds details, analyst comment, updates shares)
  
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• Greece expects bailout review to resume next week - minister

  08-02-2016 16:43 via news.yahoo.com
  
  By Renee Maltezou and Angeliki Koutantou ATHENS (Reuters) - Greece's lenders still need to be persuaded that Athens can plug a bigger than expected fiscal gap when talks on reforms needed under an international bailout resume next week, the finance minister said on Monday. Talks between the heads of the EU/IMF mission reviewing Greece's progress and the government over a tough pension reform plan, fiscal targets and the handling of bad loans, took a break on Friday after four days of meetings. G
  
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• Wall St. crooks get a screen test - and this time pull in big audiences

  08-02-2016 16:28 via news.yahoo.com
  
  Wall Street villains are having their big moment on both television and the big screen. With the 2008-2009 financial crisis and the accompanying Great Recession not only fresh in many people’s minds but still having an impact on many lives, stories about greed on Wall Street and concern about growing income inequality are resonating well beyond a niche audience. This is being reflected in the battle to be the next U.S. president, particularly as Hillary Clinton defends herself from accusat
  
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• Britain's FTSE falls to 2-1/2 week low, hit by banks and tech

  08-02-2016 16:11
  
  * Randgold rallies on results (Recasts, adds details, quote)
  
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• Wall St extends tech-led selloff

  08-02-2016 15:53
  By Abhiram Nandakumar(Reuters) – Wall Street fell sharply in early trading on Monday, continuing a technology-led selloff from Friday, as fears of a worsening global-economic slowdown and dropping oil prices continued to rattle investors. The Nasdaq Composite that includes large-cap technology names such as Alphabet, Microsoft and Facebook was off 1.7 percent on Monday. Microsoft’s 3.3 percent decline weighed the most on the S&P 500 and the Nasdaq. Heavyweights Facebook, Amazon,
  
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• Global Stocks Move Towards Fresh Lows, Will Yellen Save the Day?

  08-02-2016 15:28
  Much of Asia may have been closed to start the week, but the selling persisted anyways. Sentiment is growing more negative by the day. Will Yellen provoke a reversal?
  
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• Analytical review of American Express Company

  08-02-2016 15:15 via liteforex.com
  Forex analytics: American Express Company, #AXP [NYSE]Finance and loan services, USA
  Financial performance of the company:Index – DJIA, S&P 500;Beta – 1.10;Capitalization – 53.13 В;Return on assets – 3.20%;Income – 5.06 В;Average volume – 7.78 М;P/E – 10.73;ATR – 1.65. Analytical review:The Company ranks 23th on capitalization in the “finance” sector among the Issuers, trading in the ...
  
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• DAX 30 Clears January Lows More Pain Ahead

  08-02-2016 14:29
  As the overall trend is bearish, I would expect traders to use a pullback to the region of 9150-9340 as an opportunity to add to their bearish exposure.
  
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• Silver Price: Traders Buy Silver As Stock Markets Falter

  08-02-2016 14:22
  With the USD in general retreat and risk-off dominating the stock markets, the demand for haven-assets such as silver and gold has increased.
  
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• Participate in the new contest “Best Nigerian Partner of the Year 2016”!

  08-02-2016 13:46 via liteforex.com
  
  LiteForex's News: Attention please!The holder of the Best Broker in Africa, Best Forex Broker in Nigeria and Best Affiliate Program awards, the worldwide acknowledged broker LiteForex is inviting its Nigerian partners to compete for the Best Nigerian Partner of the Year 2016 title!The new enthralling contest for partners Best Nigerian Partner of the Year 2016 starts on February 8 and will last till December 15, ...
  
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• USD/CHF: sharp decline since the beginning of the month

  08-02-2016 12:37 via liteforex.com
  Forex analytics: Since the beginning of February the pair USD/CHF has sharply decline reaching the key support level of 0.9875 (ЕМА144 on the daily chart). The decline amounted to 400 points. At the moment the pair is near support level of 0.9925 (lower line of the upward channel on the daily chart), trading in the narrow range at the opening price of the trading day. The indicators OsMA and Stochastic give ...
  
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• XAG/USD: upward momentum suspended

  08-02-2016 12:34 via liteforex.com
  Forex analytics: Although the indicators OsMA and Stochastic are in favour of the buyers on the daily and weekly charts,the rise in the XAG/USD is slowing down. On the four-hour chart OsMA histogram is decreasing, Stochastic started to give signals for short positions. On the daily chart the price has reached the key resistance level of 15.05 (ЕМА200), which is not far from the upper line of the corrective ...
  
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• BioCryst's lead drug for rare genetic disorder fails study

  08-02-2016 12:34
  
  Feb 8 (Reuters) - Drug developer BioCryst Pharmaceuticals Inc said its lead drug for a rare genetic condition had failed in a large trial to reduce the frequency of recurrent swelling in patients.
  
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• XAG/USD: will the price of the precious metals continue to rise?

  08-02-2016 12:33 via liteforex.com
  Forex analytics: Amid negative US data last week and due to uncertainty about the US Fed plans, the price of the precious metals including silver has grown.The decline caused by the decrease in inflation indices (expenditures on personal consumption and construction, as well as the decline in business activity index (PMI) in the US service sector (53.2 in January versus preliminary value and the forecast of ...
  
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• Volkswagen says is open to listing trucks business

  08-02-2016 12:31 via news.yahoo.com
  
  Volkswagen AG's trucks business may pursue acquisitions or even a public listing, the company said on Monday, only days after the parent company was forced to delay publishing earnings in the wake of a diesel emissions scandal. "We're keeping all options open in regards to expanding overseas, about a possible takeover as well as about a stock market listing," a spokeswoman for Volkswagen trucks said on Monday, declining to comment on whether a full or partial separation from Volkswagen Group was
  
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• Why Wall Street Wants a Weaker Dollar

  08-02-2016 12:00 via news.yahoo.com
  
  A two-day drop in the U.S. dollar, driven by hopes of a slowdown in the Federal Reserve's rate hike campaign this year, lifted sprits on Wall Street last week. The PowerShares U.S. Dollar Bullish Fund (UUP) fell back to levels not seen since the middle of October, driven by the weakest non-manufacturing activity survey since February 2014.
  
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• FTSE 100: More Pain Ahead

  08-02-2016 11:50
  The FTSE 100 (FXCM: UK100) has now breached its January 26 low of 5767 and is expected to drift to the January 21 low of 5660 over the coming days ahead.
  
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• LiteForex wishes a happy New Year to the clients!

  08-02-2016 11:34 via liteforex.com
  
  Dear clients, We wish you from the bottom of our hearts a happy Chinese New Year, the Year of the Red Fire Monkey! We believe sincerely that the arrival of the Spring Holiday will start up a new life cycle and bring peace, well-being, and long lives to your homes. In honour of this bright event, LiteForex is offering its clients a holiday promo-code CNY. The CNY promo-code makes a client eligible ...
  
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• Gold Stalls Climb, Copper and Oil Recover in Thin Holiday Market

  08-02-2016 11:09
  Gold halted the climb as Non-farm Payrolls showed steady wage gains, while Oil rose after large rig drop counted by Baker Hughes, still no agreement on output cuts.
  
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• Analytical review of the currency pair USD/JPY

  08-02-2016 10:50 via liteforex.com
  Forex analytics: USD/JPY
  Technical performance of the currency pair:Previous closing: 116.89;Daily range: 116.38-117.53; Opening: 116.87; 52-week range: 115.96-125.86; Annual revenue: -1.64%; Change in % for the previous day: +0.11. Analytical review:
  29 January, the Bank of Japan puzzled market participants with the decision to reduce interest rate on deposit to the negative value. Due to this decision, (which ...
  
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• Market overview: Glencore jumps on reports of divestments

  08-02-2016 10:41
  LONDON (ShareCast) – (ShareCast News) – 0930: The Footsie has slid lower, led by falls in the likes of ARM Holdings(LSE: ARM.L – news) , Ashtead and WPP(Swiss: OXWPP.SW – news) , as investors reacted to the steep drops last Friday on Wall Street. Miners were doing best on the top flight index, with shares in Glencore (Xetra: A1JAGV – news) finding a bid following reports the commodities trading outfit was set to sell future precious metals production from a mine in
  
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• EUR/USD: review of this week

  08-02-2016 10:26 via liteforex.com
  Forex analytics: Despite that fact that the data on Non-FarmPayRolls was below the forecast (151 000 against the forecast of 190 000 and 262 000 new jobs in December), the USD has grown against the major currencies. The rise was caused by the other data on the US labor market in January.Unemployment rate fell by 0.1% (4.9% versus the forecast of 5.0% and 5.0% in December), hourly wages rose as well (0.5% versus ...
  
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• Why Earnings Are Set To Explode At Barclays PLC, ARM Holdings plc & Just Eat PLC

  08-02-2016 10:20
  
  View photo
  .Today I’m running the rule over three great growth stars. A delicious stocks starTakeaway specialist Just Eat (LSE: JE) lit up the market last week following acquisition activity on foreign shores.
  The London business paid ?125m to purchase the internet takeout businesses of Rocket Internet in Italy and Spain, plus the Brazilian and Mexican divisions of foodpanda. Just Eat puts the value of the takeaway markets in these countries at more that £8bn.
  Just Eat has been
  
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• February Seasonality Gives US Dollar Rebound Hope Next Few Weeks

  08-02-2016 10:00
  February has typically been one of the better months of the year for the US Dollar. The greenback has its work cut out ahead of it after a weak start to the second month of 2016.
  
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• UPDATE 2-Investors in Thai Big C cheer $3.5 bln stake sale, rival bid seen unlikely

  08-02-2016 09:49
  
  * Big C to help TCC to expand in retail business - analysts (Adds comments on Central in para 3-6; recasts)
  
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• BUZZ-Imagination Tech: CEO quits, Apple supplier warns on profit

  08-02-2016 09:47
  
  ** Imagination Technologies, supplier of graphics technology to Apple, down c. 8 pct, biggest FTSE All Share loser & languishing near 2009 lows
  
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• BUZZ-WPP: Investec downgrade keeps stock under pressure

  08-02-2016 09:28
  
  ** WPP, the world's largest advertising company, down c.1 pct, and on track for its 6th straight day of losses
  
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• Aussie Dollar Gains, Yen Drops as Market Sentiment Recovers

  08-02-2016 08:08
  The Australian Dollar traded higher while the Japanese Yen declined as market-wide risk appetite recovered having been bruised after last week’s US employment data.
  
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