Analyst news

• Wall Street ends volatile week on high note as tech leads

  20-05-2016 22:33 via news.yahoo.com
  
  The S&P 500 eked out gains for the week after three straight weeks of losses, while the Nasdaq snapped a four-week losing streak. "The tech sector, which is pretty big, is having a pretty good day, led by the Applied Materials earnings," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. The Federal Reserve surprised investors when the central bank's minutes, released on Wednesday, opened the door to a rate increase in June, roiling financial markets.
  
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• Wall Street ends week on high note as tech leads

  20-05-2016 22:05 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street rallied on Friday, led by tech stocks on the back of Applied Materials' profit forecast, ending a volatile week on a positive note.
  
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• GBP/USD Successful Re-Test of Former Resistance Line

  20-05-2016 20:44
  GBP/USD support registered this week near the neckline of a head and shoulders pattern. The re-test sets the stage for another leg higher.
  
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• S&P, Dow look set to snap four-week losing streak

  20-05-2016 19:10 via news.yahoo.com
  
  The tech-heavy Nasdaq Composite index was up 1.13 percent and was on track to end five straight weeks of losses boosted by gains in Microsoft and Apple . The S&P financial sector index rose 0.91 percent as a flurry of comments from U.S. Federal Reserve officials, suggested a possibility of an interest rate hike as early as June. The index has risen about 2 percent since the Fed released minutes of its April meeting on Wednesday.
  
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• Little for U.S. stock investors to cheer on anniversary of S&P record high

  20-05-2016 19:07 via news.yahoo.com
  
  A year ago the U.S. stock market minted new all-time highs, but you could excuse investors for not celebrating the anniversary. The benchmark S&P 500 has failed to close higher since ending at 2,130.82 on May 21, 2015, and now trades some 4 percent below that peak. Just this week, heightened expectations that the Federal Reserve will raise interest rates in the near-term roiled the stock market.
  
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• USD/JPY Rally at Risk as G7 Opposes FX Intervention, Lacks Action

  20-05-2016 18:33
  Mixed language coming out of the Group of Seven (G7) meeting may derail the near-term advance in USD/JPY should it drag on risk appetite.
  
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• Rules for 'too big to fail' insurance firms coming soon: Fed official

  20-05-2016 18:31 via news.yahoo.com
  
  The Federal Reserve will soon take up rules for insurance companies deemed "too big to fail" intended to head off risks to U.S. financial stability, as well as requirements on how much capital firms across the industry should hold, Fed Governor Daniel Tarullo said on Friday. The capital requirements to be unveiled in the coming weeks will follow two tracks: one for the handful of insurance companies designated as "systemically important" and one for smaller holding companies that own banks. Unde
  
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• Analysis - Where can you get a 5 percent yield? At Macy's

  20-05-2016 18:14 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - Some of the best deals at big retailers like Macy's, Staples and Gap are not in their stores but on the stock market: their dividends are through the roof. For example, Staples pays a dividend equal to about 6 percent of the company's $8.15 share price, an all-time high for the company and more than double its 10-year average dividend yield of 2.5 percent.
  
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• Where can you get a 5 percent yield? At Macy's

  20-05-2016 18:13 via news.yahoo.com
  
  Some of the best deals at big retailers like Macy's, Staples and Gap are not in their stores but on the stock market: their dividends are through the roof. For example, Staples pays a dividend equal to about 6 percent of the company's $8.15 share price, an all-time high for the company and more than double its 10-year average dividend yield of 2.5 percent.
  
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• USD/JPY: Wave analysis and forecast for 20.05 – 27.05

  20-05-2016 17:56 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 109.67. Our opinion: In the short-term:sell the pair below the level of 109.67 with the target of 108.20. In the medium-term: wait for the completion of the correction and buy the pair above the level of 105.46 with the target of 112.50. Alternative scenario: Breakout and consolidation of the price below the level of 105.46 will trigger the ...
  
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• GBP/USD: Wave analysis and forecast for 20.05 – 27.05

  20-05-2016 17:49 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.4767. Our opinion: Sell the pair from correction below the level of 1.4767 with the target of 1.4320 - 1.40.Alternative scenario: Breakout and consolidation of the price above the level of 1.4767 will enable the pair to continue the rise up to the level of 1.50. Analysis: Presumably, the formation of the upward correction is nearing completion ...
  
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• EUR/USD: Wave analysis and forecast for 20.05 – 27.05

  20-05-2016 17:43 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.1284. Our opinion: Sell the pair from correction below the level of 1.1284 with the target of 1.1060.Alternative scenario: Breakout and consolidation of the price above the level of 1.1284 will allow the pair to continue the rise up to 1.1350 – 1.1450 as part of correction in the wave (b). Analysis: The decline in the pair continues and it is ...
  
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• USD/CHF: Wave analysis and forecast for 20.05 – 27.05

  20-05-2016 17:35 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 0.9760. Our opinion: Buy the pair from correction above the level of 0.9760 with the target of 1.00. Alternative scenario: Breakout and consolidation of the price below the level of 0.9760 will allow the pair to continue to decline to 0.96 – 0.95. Analysis: Presumably, the formation of the upward correction continues as the second wave ii, which ...
  
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• Tech, financial stocks prop up Wall Street

  20-05-2016 17:35 via news.yahoo.com
  
  The tech-heavy Nasdaq Composite index was up 1.13 percent, also boosted by Microsoft and Apple . The stock was also the most traded on the Nasdaq. The S&P financial sector index also rose 0.98 percent as a flurry of comments from the U.S. Federal Reserve officials, suggested a possibility of an interest rate hike as early as June.
  
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• USD/СAD: Wave analysis and forecast for 20.05 – 27.05

  20-05-2016 17:27 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.2966. Our opinion: Buy the pair from correction above the level of 1.2966 with the target of1.3294 – 1.3540.Alternative scenario: Breakdown and consolidation of the price below the level of 1.2966 will enable the pair to continue decline to 1.2750 - 1.2450.Analysis: Presumably, the formation of the upward correction continues in the wave B ...
  
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• Wall Street opens higher as tech, financial stocks rise

  20-05-2016 16:14 via news.yahoo.com
  
  (Reuters) - Wall Street opened higher on Friday, boosted by technology and financial stocks.
  
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• Fed official: rules for 'too big to fail' insurance firms coming soon

  20-05-2016 16:08 via news.yahoo.com
  
  The Federal Reserve will soon take up rules covering prudential standards and liquidity for insurance companies deemed "too big to fail" in hopes of heading off risks to financial stability, Fed Governor Daniel Tarullo said on Friday. In the coming weeks, it will also propose capital requirements for insurance firms it regulates, with separate tracks for the handful of companies designated as "systemically important" and for smaller holding companies that own banks. Under the Dodd-Frank Wall Str
  
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• USD/CAD Prices Stall After CPI Release

  20-05-2016 15:45
  The USD/CAD trades flat on the day, despite CPI Core data beating expectations.
  
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• USD Strength Remains Predominant Theme as we Near G-7, BOC

  20-05-2016 15:43
  This weekend brings yet another meeting of finance ministers from the G-7 group of nations as the US Dollar holds on to recent gains. Will we see some type of coordinated action?
  
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• Analytical review of the stocks Apple Inc. of 20.05.2016

  20-05-2016 15:40 via liteforex.com
  Forex analytics: Apple Inc., #AAPL [NASD] Consumer goods, Electronic equipment, USA Financial performance of the company:Index – DJIA, S&P 500; Beta – 0.93;Capitalization – 534.66 В;Return on asset – 19.20%; Income - 75.9 B; Average volume – 47.64 М;P/E - 10.25; ATR – 3.09.Analytical review:The company ranks ...
  
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• Deutsche Bank investigates deal that may have profited staff

  20-05-2016 15:34 via news.yahoo.com
  
  FRANKFURT (Reuters) - Deutsche Bank is investigating staff involvement in a transaction suspected of causing a conflict of interest and has suspended bonus payments of the staff while the probe is ongoing, the bank said on Friday. The Wall Street Journal reported on Thursday that six current and former employees had made about $37 million by chipping in their own money to trades between Deutsche Bank and a hedge fund in 2009 that were meant to remove some of the risk the bank had taken on f
  
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• Wall Street higher at open

  20-05-2016 15:33 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened higher on Friday as investors digested the possibility of a June rate hike, a day after the S&P 500 fell to its lowest in two months.
  
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• Tarullo: standards for 'too big to fail' insurance firms coming soon

  20-05-2016 15:30 via news.yahoo.com
  
  The Federal Reserve will soon take up prudential standards and liquidity requirements for insurance companies deemed "too big to fail" that are intended to head off risks to financial stability, Fed Governor Daniel Tarullo said in a speech to the National Association of Insurance Commissioners on Friday. It will also propose capital requirements for insurance firms it regulates, with separate tracks for the handful of those companies designated "systemically important" and for smaller holding co
  
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• The Slide in Silver Prices Slows Following Support

  20-05-2016 14:05
  Silver prices remain in a clear downtrend below the intraday high of $17.14 formed in the afternoon of May 18. and the nearest strong resistance level is the March 25 low of $16.78.
  
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• 3 Things Need to Happen for US Dollar to Cement Breakout

  20-05-2016 14:00
  The USDOLLAR Index is holding just south of the trend resistance that has guided price lower since January.
  
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• XAU/USD: correction is possible amid profit taking in short positions. Fundamental analysis of 20.05.2016

  20-05-2016 13:47 via liteforex.com
  Forex analytics: After the release of minutes on Wednesday and indication by the US Fed authorities of the possibility of the interest rates increase in June, the dollar has strengthened in the foreign exchange market.The minutes said that if in Q2 economic data will show economic growth and improvements in the labour market, and if inflation will approach the target of 2%, it is be possible to increase ...
  
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• Futures higher a day after S&P touches two-month low

  20-05-2016 13:41 via news.yahoo.com
  
  (Reuters) - U.S. stock index futures were higher on Friday, a day after the S&P 500 fell to its lowest since March as investors fretted about a rate hike as early as June.
  
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• Unsold U.S. retail inventory a challenge after dismal earnings season

  20-05-2016 13:38 via news.yahoo.com
  
  A pile-up of unsold inventory across U.S. retail chains is likely to squeeze profits further as stores struggle to make up for a weak first quarter marred by weak sales and share declines. Target's shares fell to a 52-week low on Wednesday after its sales missed estimates. Target Chief Executive Brian Cornell, speaking after the company released its earnings, cautioned investors about the impact of the stock build-up.
  
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• US pre-open: Stocks set for rebound

  20-05-2016 13:36 via news.yahoo.com
  (ShareCast News) - US futures pointed to a slightly firmer open on Wall Street following the recent Fed-fuelled losses.
  
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• DAX 30 Treads Water As No Strong Trend Is In Place

  20-05-2016 12:23
  The DAX 30 (CFD: GER30) was up by 0.60% at the time of writing, gains which were led by the Material and Industrial Sectors.
  
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• XAU/USD: Further decline in the pair was stopped by support level of 1248.00 Technical analysis of 20.05.2016

  20-05-2016 11:52 via liteforex.com
  Forex analytics: Review and dynamics Since the beginning of this year the price of gold has been growing. Currently the price of gold has approached the level of 1300.00 USD per ounce due to uncertainty in the global financial market and decline in the economic growth in the world. The rise in price has been the highest in the past 30 years.However, since the beginning of this month the price started to ...
  
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• EUR/USD: Breakout of the level 1.1180 is required. Technical analysis of 20/05/2016

  20-05-2016 11:07 via liteforex.com
  Forex analytics: Review and dynamics This week the USD is strengthening in the currency market. Since opening of today’s trading session the market is experiencing correction and the USD is going down. The only exception is the pair GBP/USD, which, despite general downtrend, has grown this week due to ORB public poll organized by “The Telegraph”, which showed that 55% of respondents supported membership of ...
  
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• FTSE 100: Status Quo Maintained As 6054-6195 Range Dominates

  20-05-2016 10:44
  With a boost to commodities, the FTSE 100 (CFD: UK100) has managed to gap higher today and the move higher means that the 6054-6195 range remains intact.
  
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• Analytical review of the currency pair AUD/USD of 20.05.2016

  20-05-2016 10:22 via liteforex.com
  Forex analytics: Technical data of the currency pair: Previous closing: 0.7228; Daily range: 0.7221-0.7246; Opening: 0.7228; 52 - week range: 0.6824-0.7933;Annual revenue: -8.18%;Change in % for the previous day: +0.01. Analytical review:Over the past week the AUD fell by over 150 points against the USD. Currently, the currency ...
  
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• USD/CAD Advance at Risk on Sticky Canada Consumer Price Index (CPI)

  20-05-2016 10:00
  Stickiness in Canada’s Consumer Price Index (CPI) may derail the near-term advance in USD/CAD as it puts pressure on the BoC to normalize policy sooner rather than later.
  
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• EUR/USD: The pair is under pressure due to the statements made by the US Fed authorities Fundamental analysis of 20/05/2016

  20-05-2016 09:59 via liteforex.com
  Forex analytics: The minutes of the US Fed meeting of 26-27 April shows that the interest rate increase in June is quite possible. Financial markets responded to this news by the rapid rise in the USD.It seems that Fed authorities intend to convince market participants that the rates will be raised in June.Fed president in New York Mr. William Dudley said on Thursday at the press-conference that monetary ...
  
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• Fiat Chrysler shares hit by squabble with Germany over meeting

  20-05-2016 09:56 via news.yahoo.com
  MILAN (Reuters) - Shares in Fiat Chrysler Automobiles fell more than 2 percent in early trade in a higher Milan stock market after the car maker drew criticism from Germany's transport minister for not showing up at a meeting over emissions. Fiat Chrysler was due to attend the meeting in Germany on Thursday over possible emissions irregularities of its diesel vehicles. It canceled the appointment by sending a lawyer's letter. Transport Minister Alexander Dobrindt slammed the group's "uncooperati
  
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• Mauritius raises its 2016 tourism earnings forecast by 2 pct

  20-05-2016 09:27 via news.yahoo.com
  Mauritius said on Friday that tourism revenue in 2016 will be 1.9 percent higher than it had previously forecast, after a surge in visitors during the first quarter. Tourism is a valuable source of foreign exchange for Mauritius, an Indian Ocean country known for its luxury spas and beaches. Tourism earnings are now expected to reach 55 billion rupees ($1.56 billion) this year, up from earlier forecast of 54 billion rupees, according to Statistics Mauritius, the government's statistics office.
  
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• AUD/USD Technical Analysis: Rebound Hinted Above 0.72

  20-05-2016 09:06
  The Australian Dollar technical positioning hints prices may correct higher after finding support above the 0.72 figure against the currency’s US counterpart.
  
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• G7 Comments May Help Aussie, NZ Dollar Rebound as Yen Falls

  20-05-2016 08:36
  Commentary from a meeting of G7 officials may help power a rebound in risk appetite, boosting the Aussie and New Zealand Dollars while the Yen declines.
  
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• Amsterdam IPO market gains as London holds breath for Brexit vote

  20-05-2016 08:00 via news.yahoo.com
  LONDON/AMSTERDAM, May 20 (Reuters) - A slowdown in company listings in London due to uncertainty around the upcoming Brexit referendum could be helping European rival Amsterdam's stock market, which has seen a rise in activity this year. London - traditionally Europe's busiest stock exchange - has seen just over $2 billion raised from listings so far this year, a fraction of the almost $18 billion gathered over all of 2015, according to Thomson Reuters (Dusseldorf: TOC.DU - news) data. Industry
  
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• Nikkei 225 Technical Analysis: Price Contained Below 16,776

  20-05-2016 07:44
  The Nikkei 225 appears to be treading water as price remains contained below 16,776 and the 16,500 level remains in play
  
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• Crude Oil and Gold Prices May Diverge on G7 Commentary

  20-05-2016 07:16
  Crude oil and gold prices may carve out divergent paths into the week-end if comments from G7 officials hint fiscal policy may be readying to help central banks boost growth.
  
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• S&P downgrades Alberta rating; cites fiscal uncertainty, debt

  20-05-2016 00:32 via news.yahoo.com
  By Eric M. Johnson CALGARY, Alberta (Reuters) - S&P lowered its debt rating for Alberta To 'AA' From 'AA+' on Thursday, the latest ratings agency to downgrade the Canadian province that has struggled with the impact of tumbling oil prices. The agency, which kept its negative outlook on Alberta, said the downgrade reflects the province's very weak budgetary performance and high debt burden, which it expects to "increase rapidly" over the next three fiscal years. "The negative outlook reflects
  
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• Deutsche Bank internally probes dubious trades: WSJ

  20-05-2016 00:18 via news.yahoo.com
  
  Deutsche Bank AG  is investigating a series of trades that may have improperly generated millions of dollars in personal profits, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Among those who internal auditors believe profited from the trades is Colin Fan, who was co-head of Deutsche Bank's investment bank when he left as part of a shake-up in October, the newspaper reported. Altogether, internal auditors estimate that the six current a
  
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