Analyst news

• Federal regulators investigating Wall St Journal's 'living wills' story

  13-04-2016 23:36 via news.yahoo.com
  The Federal Reserve and Federal Deposit Insurance Corporation are investigating how The Wall Street Journal came to report that the two agencies were giving failing grades to some U.S. banks' "living wills" the day before the regulators officially announced their determinations. A spokesman for the Federal Reserve, Eric Kollig, confirmed on Wednesday the Fed has asked its inspector general, the central bank's internal watchdog, to check how the news outlet was able to report on Tuesday that at l
  
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• Key Crude Oil Price Break a Durable Trend Change Going into Doha?

  13-04-2016 23:35
  Oil spot prices this week closed above the 200-day moving average for the first time in 445 trading days – breaking a record ‘bear trend’. Is this the cue for a systemic trend change?
  
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• China trade data boosts dollar, banks lead stocks higher

  13-04-2016 22:55 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - The U.S. dollar rallied and major stock markets rose on Wednesday after JPMorgan's results beat lowered expectations and upbeat Chinese trade data offered hope Asia's biggest economy is stabilizing. Wall Street gained after JPMorgan Chase's first quarter earnings fell nearly 7 percent but beat expectations. "It's a positive that (JPMorgan) earnings were well received," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.
  
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• How China’s Premier Focasts GDP Ahead of Friday’s Official 1Q Print

  13-04-2016 22:51
  The Li Keqiang Index, named after China’s Premier, is an increasingly popular compliment and contrast to tracking China’s growth.
  
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• Banks lead Wall Street to second straight gain

  13-04-2016 22:06 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street rallied for a second straight day on Wednesday, led by gains in beaten-down financial shares after JPMorgan's quarterly results.
  
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• USDOLLAR Rebound at Risk Ahead of CPI- 11905 Resistance

  13-04-2016 21:39
  The index is eyeing near-term resistance head of tomorrow’s key U.S. inflation report. Here are the updated targets & invalidation levels.
  
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• USD/CAD Technical Analysis: Bank of Canada Provides Breather For Bears

  13-04-2016 21:35
  The Bank of Canada further supported the strength of the Canadian Dollar with today’s statement.
  
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• USD/CHF Technical Analysis: Daily Marubozu into the Selling Zone

  13-04-2016 21:00
  Swissy finally put in a rally today, but today's candlestick might just be too strong to fade.
  
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• Financial shares lead Wall Street up after JPMorgan earnings

  13-04-2016 21:00 via news.yahoo.com
  
  The S&P 500 and Nasdaq touched their highest point of the year, while the Dow Industrials reached a nearly five-month high. JPMorgan , the No. 1 U.S. bank by assets, reported a quarterly profit that topped low market expectations. Its shares climbed more than 4 percent and gave the biggest boost to the S&P 500.
  
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• U.S. regulators fail 'living wills' at five of eight big banks

  13-04-2016 20:12 via news.yahoo.com
  
  By Lisa Lambert WASHINGTON (Reuters) - U.S. regulators failed five big banks on Wednesday, including JP Morgan and Wells Fargo, on their plans for a bankruptcy that would not rely on taxpayer money, giving them until Oct. 1 to make amends or risk sanctions. Nearly a decade after the financial crisis, it underscored how the debate about banks being “too big to fail” continues to rage in Washington and exasperate on Wall Street. Wednesday's announcement was the first time the two major
  
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• Are Stock Market Bears About to Get Clobbered Yet Again?

  13-04-2016 20:10 via news.yahoo.com
  
  Or are they about to get smashed, once again, as the seven-year Fed-fueled bull market rages on? On a GAAP basis, which removes much of the accounting shenanigans, earnings per share were just $16 million, or less than a penny per share.
  
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• March’s $10,000 Challenge Winner

  13-04-2016 20:00
  FXCM and DailyFX are happy to announce our $10,000 Monthly Challenge winners for the month of March. Learn more about the contest here!
  
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• GBP/USD Technical Analysis: Coagulated Price Action

  13-04-2016 19:46
  After Brexit fears ravaged GBP/USD, the pair spent much of March rallying and holding support. But are we seeing a higher-low, or the next leg of the down-trend?
  
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• Chinas Market News: More Liquidity and Lower Prices?

  13-04-2016 19:35
  China is in the processing of addressing multiple targets right now. Some of which require delicate balance.
  
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• Wall Street rallies as JPMorgan drives bank stocks

  13-04-2016 19:11 via news.yahoo.com
  
  (Reuters) - Wall Street rallied on Wednesday, boosted by JPMorgan's first-quarter results, and unexpectedly strong Chinese trade data raised hopes that the world's second-largest economy was recovering.
  
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• JPMorgan beats Wall Street expectations in tough quarter for banks

  13-04-2016 18:57 via news.yahoo.com
  
  JPMorgan Chase & Co , the No. 1 U.S. bank by assets, reported a quarterly profit that topped low market expectations as lower costs and better-than-expected trading revenue helped soften the blow from a fall in investment banking fees. JPMorgan is the first U.S. bank to report results for what has generally been seen as the banking industry's worst start to a new year since the 2007-2008 financial crisis. Banks around the world have been hit by a slide in commodity and oil prices, a slowdown
  
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• AUD/JPY Rebound Eyes Key Near-term Resistance- Bearish Sub-84.72

  13-04-2016 18:52
  The AUDJPY rebound off key support last week is nearing resistance with the immediate long-bias at risk. Here are the updated targets & invalidation levels that matter.
  
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• U.S. regulators fail 'living wills' at 5 of 8 big banks

  13-04-2016 18:28 via news.yahoo.com
  
  By Lisa Lambert WASHINGTON (Reuters) - U.S. regulators failed five big banks on Wednesday, including JP Morgan and Wells Fargo, on their plans for a bankruptcy that would not rely on taxpayer money, giving them until Oct. 1 to make amends or risk sanctions. Nearly a decade after the financial crisis, it underscored how the debate about banks being “too big to fail” continues to rage in Washington and exasperate on Wall Street. Wednesday's announcement was the first time the two major
  
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• Gold Prices: Evening Star Urges Caution to Bulls

  13-04-2016 18:22
  Gold put in an aggressive break out of the previous bull flag formation, but is seeing two days of pullback. Is the top-side re-entry ready yet?
  
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• EUR/USD – Shaken, Not Stirred

  13-04-2016 17:55
  EUR/USD breaks lower from week-long consolidation, 1.1220/50 zone now key pivot.
  
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• Analytical review of the stocks of Alcoa Inc.

  13-04-2016 17:44 via liteforex.com
  Forex analytics: Alcoa Inc., #AA [NYSE] Industrial goods, Aluminum, USA Financial performance of the company: Index – S&P 500; Beta – 1.14;Capitalization – 10.35 В; Return on asset: -0.50%; Income: -322.00 М; Average volume – 34.20 М; P/E: - ; ATR – 0.50. Analytical review: The company ranks the first on capitalization in the sector of “Aluminum” among the issuers traded in the American stock ...
  
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• Banks drive Wall Street gains after JPMorgan results

  13-04-2016 17:33 via news.yahoo.com
  
  Shares of JPMorgan were up 3.5 percent at $61.33 after the bank reported higher-than-expected quarterly earnings and revenue. Bank of America rose 3.5 percent and Citigroup 4.5 percent. "The recovery in oil has given the market a little bit of a positive tone this week and today we have a case of both JPMorgan and China's trade data beating down expectations," said John Brady, managing director at R.J. O’Brien & Associates in Chicago.
  
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• USD/CAD: correction has reached the level of 50%

  13-04-2016 17:14 via liteforex.com
  Forex analytics: Since last July the pair USD/CAD has grown by 4000 points, from the level of 1.0650 to 1.4680. However, starting from 20 January the pair began to fall, which was caused by the decline in oil prices. At that time oil prices approached the level of 27 USD per a barrel of crude oil Brent. Now, the pair USD/CAD has won back most of the losses, trading at the level of 1.2800. On all time frames ...
  
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• China sends global stocks on rally

  13-04-2016 16:29 via news.yahoo.com
  
  Asian and European stocks churned higher Wednesday on strong Chinese trade data, building on the previous day's solid gains driven by soaring oil prices, while US stocks rose on upbeat bank earnings. "A sparkle returned to European trading on Tuesday with major indices buoyed by strong trade data from China and oil prices trading at fresh 2016 highs," said CMC Markets analyst Jasper Lawler. In afternoon deals, the resources-heavy London stock market won 1.6 percent, while Frankfurt rose 2.0 perc
  
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• Banks, China data drive Wall Street gains

  13-04-2016 16:21 via news.yahoo.com
  
  Wall Street was higher on Wednesday as bank earnings kicked off on an upbeat note, with JPMorgan topping profit estimates, and China's strong trade data raised hopes that the world's second largest economy was on the road to recovery. Shares of JPMorgan, which kicked off Wall Street bank earnings, were up 3.1 percent at $61.13. Other bank stocks were also trading up, with Bank of America rising 2.8 percent and Citigroup gaining 3 percent.
  
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• Dubai's Emaar Properties says to split with India JV partner

  13-04-2016 16:03 via news.yahoo.com
  * Dubai developer to split Emaar MGF Land Limited JV - statement * India JV struggled in recent years * Delays to projects, failed IPO, among issues (Adds context) By Hadeel Al Sayegh and Aditi Shah DUBAI/DELHI, April 13 (Reuters) - Dubai's Emaar Properties plans to split with its Indian joint venture partner through a demerger process, the emirate's biggest property developer said on Wednesday. The move ends a decade-long relationship between Emaar and MGF Developments through Emaar MGF Land Li
  
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• Brent: Will the price go above the level of 45.00?

  13-04-2016 16:00 via liteforex.com
  Forex analytics: Yesterday’s mixed economic statistics prevented the rise in price of crude oil Brent up to the level of 44.78 USD per barrel. After yesterday’s release (22:30 (GMT+2) of the data by US API on oil inventories, the price rebounded from the highs near the level of 44.78 and went back down to 44.18 USD per barrel, which is slightly above resistance level of 43.90 (ЕМА200 on the daily chart). ...
  
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• CAC 40 Tests Channel Resistance

  13-04-2016 15:55
  The CAC 40 is trading up 2.5% this morning, to test channel resistance at 4,478.
  
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• USD Bounces off of Confluent Support, Equities Rally on Chinese Trade Data

  13-04-2016 15:10
  Global equities are rallying along with the US Dollar after a better than expected set of Chinese trade figures. Is this a true reversal, or just a retracement in the down-trend?
  
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• Wall Street set to open higher on China data, bank earnings

  13-04-2016 15:02 via news.yahoo.com
  
  Wall Street was set to open higher on Wednesday, helped by strong Chinese trade data and JPMorgan Chase & Co's higher-than-expected quarterly profit. Shares of JPMorgan, which kicked off Wall Street bank earnings, were up 2.3 percent at $60.65 in premarket trading. Other bank stocks also rose, with Bank of America rising 2.6 percent and Citigroup gaining 2 percent.
  
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• Wall St. set to open higher on China data, bank earnings

  13-04-2016 15:00 via news.yahoo.com
  
  Shares of JPMorgan , which kicked off Wall Street bank earnings, were up 2.3 percent at $60.65 in premarket trading. Other bank stocks also rose, with Bank of America rising 2.6 percent and Citigroup gaining 2 percent.
  
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• 'Living wills' for five out of eight big banks fail U.S. regulators' test

  13-04-2016 14:08 via news.yahoo.com
  
  Five out of eight of the country's biggest banks do not have credible plans for winding down operations during a crisis without the help of public money, federal regulators said on Wednesday. The "living wills" that the Federal Reserve and Federal Deposit Insurance Corporation jointly agreed were not credible came from Bank of America , Bank of New York Mellon , J.P. Morgan Chase , State Street , Wells Fargo . The requirement for a living will was part of the Dodd-Frank Wall Street reform legisl
  
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• "Living wills" for 5 out of 8 big banks fail U.S. regulators' test

  13-04-2016 14:07 via news.yahoo.com
  Five out of eight of the country's biggest banks do not have credible plans for winding down operations during a crisis without the help of public money, federal regulators said on Wednesday. The "living wills" that the Federal Reserve and Federal Deposit Insurance Corporation jointly agreed were not credible came from Bank of America (Swiss: BAC.SW - news) , Bank of New York Mellon , J.P. Morgan Chase, State Street, Wells Fargo. The requirement for a living will was part of the Dodd-Frank Wall
  
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• The Silver Price Rally Takes A Breather

  13-04-2016 13:59
  Silver prices have traded lower following lower demand for haven assets.
  
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• US pre-open: Stocks seen higher on encouraging China data; JPM earnings eyed

  13-04-2016 13:53 via news.yahoo.com
  (ShareCast News) - US futures pointed to a firmer open on Wall Street following encouraging Chinese export data, as investors looked to results from banking bellwether JPMorgan Chase.
  
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• Now Fueled by Weaker EUR & JPY, Global Equities Run Higher

  13-04-2016 13:48
  Price action between FX and equity markets today feels reminiscent of the portfolio channel rebalancing effect at work.
  
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• USD/CAD: interest rate decision by the Bank of Canada will become known today

  13-04-2016 13:40 via liteforex.com
  Forex analytics: It is expected that market volatility will increase today from 14:30 to 20:00 (GMT+2). At 14:30 important US inflation indicators for March will become known including producer price index and retail sale volume. According to the forecast the indices will rise against the previous month and in this case the USD will grow. Later, at 16:00 interest rate decision by the Bank of Canada will become ...
  
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• DAX 30 Gains As Chinese Exports Return To Growth

  13-04-2016 11:58
  German stocks rose in line with European ones as Chinese exports returned to growth.
  
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• Tighter supply, tougher rules rattle key U.S. funding market

  13-04-2016 11:09 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - Last month's spike in failed trades in Wall Street's key funding market sparked fears that it could be a sign of trouble brewing in the U.S. financial system, but the disruptions appear more likely to mark the "new normal" of the post-crisis era. Wall Street institutions, hedge funds and real estate investment trusts rely on the $5 trillion repurchase agreement market to finance their daily trades and any disruption is worrying because it could force them to
  
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• Global stocks lifted by optimism on oil prices, Wall Street

  13-04-2016 11:01 via news.yahoo.com
  
  TOKYO (AP) — Global stocks logged solid gains Wednesday, cheered by a rally on Wall Street, despite a lapses in oil prices from recent advances that had reassured global investors.
  
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• Solid China Exports Boost Copper Price; Gold, Oil Prices Steady

  13-04-2016 10:51
  Better-than-expected China’s March exports data revived risk appetite and dampened gold. Oil receded on large US stock build
  
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• China trade surprise gives stocks a lift

  13-04-2016 10:19 via news.yahoo.com
  
  By Jamie McGeever LONDON (Reuters) - Global stocks rose on Wednesday after surprisingly upbeat Chinese trade data offered hope Asia's biggest economy is finally stabilising, fuelling risk appetite. Europe's main indices rose as much as 2 percent in early trade, Asian stocks extended their winning streak to the longest in six months, and U.S. futures pointed to a positive open on Wall Street. "Given the latest rebound in equity markets and the dollar, markets are likely to trade with a more risk-
  
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• Asian markets track global surge on oil deal hopes

  13-04-2016 09:57 via news.yahoo.com
  
  Energy firms led an Asian stock market rally on Wednesday as strong trade data from China and news of a deal between Russia and Saudi Arabia to limit oil output injected much-needed optimism. US and European equities provided a perfect lead with healthy gains, after Russian news agency Interfax said Moscow and Riyadh had reached "consensus" on freezing oil output before a key producers' meeting. Major players from inside and outside the OPEC producers' club are due to meet in Doha Sunday to disc
  
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• FCA wants more competition among banks, market listing process

  13-04-2016 09:36 via news.yahoo.com
  
  Investment banks should do more to encourage competition and fairer treatment of customers, Britain's financial watchdog said, proposing changes to help firms to make informed choices about the banks they use. In an interim market study published on Wednesday, the Financial Conduct Authority called for an end to certain contractual clauses that could limit clients' choice of financial services providers in future transactions, such as initial public offerings on the stock market. "These markets
  
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• The FTSE 100 Has Cracked Its March High

  13-04-2016 09:27
  The FTSE 100 has at the time of writing finally breached the March 18 high of 6237, a resistance level which had capped price for more than a month.
  
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• USD/CNH Technical Analysis: Edging to Monthly Range Floor

  13-04-2016 09:26
  The US Dollar has slipped toward the bottom of its monthly range after edging below trend line support against the Chinese Yuan in offshore trade.
  
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• BUZZ-Saudi banks surge on Q1 earnings beats

  13-04-2016 09:12 via news.yahoo.com
  ** Shares in several Saudi banks rise sharply after two major institutions reported first-quarter profits that beat forecasts ** National Commercial Bank, the biggest lender, climbs 2.7 percent after posting 1 percent rise in profit to 2.63 billion riyals ($701.5 million); SICO Bahrain had forecast 2.30 billion riyals and Deutsche Bank, 2.23 billion riyals ** Saudi British Bank gains 3.2 percent after posting 2.4 percent rise in profit to 1.14 billion riyals; three analysts surveyed by Reuters h
  
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• NZD/USD Technical Analysis: Key Resistance in the Crosshairs

  13-04-2016 09:04
  The New Zealand Dollar continues to accelerate upward against its US counterpart, with prices putting in the third consecutive day of gains.
  
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• AUD/USD Technical Analysis: March Swing High Under Fire

  13-04-2016 08:35
  The Australian Dollar secured a third consecutive day of gain versus its US counterpart, putting in the largest advance in a month.
  
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• Monsoon forecast sends India's benchmark equity indices soaring

  13-04-2016 07:34 via news.yahoo.com
  Mumbai, April 13 (IANS) Key Indian stock market indices soared on Wednesday morning, cheered by the official forecast that rains this monsoon season will be bountiful, as also on account of a rise in factory output after three months of contraction and a notable fall in retail inflation. The sensitive index (Sensex) of the BSE, which has closed at 25,145.59 points on Tuesday, opened on the next day at 25,358.42 points. At the National Stock Exchange, the story was no different.
  
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