Analyst news

• Strong Australia Employment Report to Fuel AUD/USD Advance

  13-07-2016 23:00
  A further improvement in Australia Employment may fuel the near-term advance in AUD/USD as market participants scale back bets for an RBA rate-cut.
  
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• CAD/JPY Bouncing From Key Support Zone

  13-07-2016 23:00
  BoC Kept Unchanged Its Interest Rate At 0.50%. CAD/JPY Short-Term Golden Cross, Important Long-Term Support Zone Level For CAD/JPY.
  
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• S&P 500, Dow end at record highs despite caution; oil falls

  13-07-2016 22:47 via news.yahoo.com
  
  By Sam Forgione NEW YORK (Reuters) - The S&P 500 and Dow U.S. stock indexes ended at fresh record highs on Wednesday even as a rally in U.S. and European shares lost much of its steam on a plunge in oil prices and caution ahead of corporate results. The S&P 500 ended at 2,152.43, a hair above Tuesday's close of 2.142.14, to notch its third consecutive record close. The Dow ended at 18,372.12, topping Tuesday's close of 18,347.67 to mark its second straight record close.
  
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• Yum China sales result matches Street view, shares up

  13-07-2016 22:44 via rocketnews.com
  By Lisa Baertlein
  LOS ANGELES (Reuters) – Yum Brands Inc on Wednesday reported second quarter China sales that matched Wall Street expectations, as the owner of the KFC, Taco Bell and Pizza Hut brands prepared to spin the division off around Oct. 31.
  Investors had worried about the fundamentals of Yum’s China business, which recently posted bumpy results due to food safety scares and company missteps.
  Yum shares jumped 3.7 percent to $85.74 in extended trading, after comments from Ch
  
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• Wall St ticks up to extend record streak

  13-07-2016 22:38 via news.yahoo.com
  
  U.S. stocks ticked up on Wednesday, just enough for the S&P 500 and Dow industrials to set record highs, with investors expecting upbeat earnings to keep the rally going. Following three days of strong gains on the back of economic data, focus has turned to Thursday's meeting at the Bank of England, expected to turn to quantitative easing as it tries to shield the economy from the fallout of Britain's vote last month to leave the European Union. Continued support from monetary policies acros
  
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• Wall Street ticks up to extend record streak

  13-07-2016 22:37 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks ticked up on Wednesday, just enough for the S&P 500 and Dow industrials to set record highs, with investors expecting upbeat earnings to keep the rally going. Following three days of strong gains on the back of economic data, focus has turned to Thursday's meeting at the Bank of England, expected to turn to quantitative easing as it tries to shield the economy from the fallout of Britain's vote last month to leave the European Union. Continu
  
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• Wall Street ends flat after three-day rally

  13-07-2016 22:12 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks were little changed on Wednesday after a three-day rally to record highs on the S&P 500, with investors expecting upbeat earnings to support further gains. Based on the latest available data, the Dow Jones industrial average ended up 23.9 points, or 0.13 percent, to 18,371.57, the S&P 500 was up 0.27 points, or 0.01 percent, to 2,152.41 and the Nasdaq Composite was down 17.09 points, or 0.34 percent, to 5,005.73. (Reporting by Caroline Valetkevitch; Editi
  
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• GBP/USD: Post Brexit Rebound at Risk Into Bank of England Meeting

  13-07-2016 21:26
  The Sterling advance is vulnerable heading into the BoE amid growing speculation for a rate-cut. Here are the updated targets & invalidation levels that matter.
  
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• Record-breaking S&P 500, Dow rally stalls on oil drop

  13-07-2016 19:27 via news.yahoo.com
  
  By Sam Forgione NEW YORK (Reuters) - Major U.S. stock indexes gave back gains on Wednesday after hitting record intraday highs and European shares slipped after a plunge in oil prices pushed energy stocks lower on both sides of the Atlantic. Oil prices plummeted more than 4 percent, crimping the record-breaking rally in U.S. shares, while European shares dipped after four straight days of gains. The S&P energy index was last down 1.2 percent and the STOXX Europe 600 Oil & Gas index ended
  
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• China’s Market News:Yuan Borrowing Rate Soars in Offshore Market

  13-07-2016 19:11
  The overnight HIBOR jumped in Hong Kong, raising concerns on tightened Yuan liquidity.
  
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• AUD/USD Testing Resistance Ahead of Jobs Report- Key Support 7522

  13-07-2016 19:06
  Aussie is responding to near-term resistance with our focus higher while above the weekly low. Here are the updated targets & invalidation levels that matter.
  
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• Wall Street record-setting rally peters out

  13-07-2016 19:04 via news.yahoo.com
  
  (Reuters) - U.S. stocks took a breather on Wednesday, with investors turning their focus to corporate earnings reports to justify valuations following a three-day record-setting rally.
  
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• Irish GDP revision leap won't impact rating - S&P

  13-07-2016 18:28 via news.yahoo.com
  This week's near 20 percentage point upward revision to Ireland's 2015 economic performance will have no impact on the country's sovereign credit rating, Standard and Poor's said on Wednesday. The Irish Central Statistics Office (CSO) said on Tuesday that the 7.8 percent GDP growth recorded in 2015 was wide of the mark and the true figure was 26.3 percent.
  
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• Irish GDP revision leap won't impact rating – S&P

  13-07-2016 18:28 via rocketnews.com
  LONDON (Reuters) – This week’s near 20 percentage point upward revision to Ireland’s 2015 economic performance will have no impact on the country’s sovereign credit rating, Standard and Poor’s said on Wednesday.
  The Irish Central Statistics Office (CSO) said on Tuesday that the 7.8 percent GDP growth recorded in 2015 was wide of the mark and the true figure was 26.3 percent.
  The huge revision was caused by a bunch of accounting oddities, the most striking of which w
  
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• U.S. SEC takes another step toward tighter swaps regulation

  13-07-2016 18:00 via news.yahoo.com
  
  The top U.S. securities regulator on Wednesday took another step toward tightening its oversight of security-based swaps by proposing new reporting requirements for transactions, nearly six years after Congress directed it to build a regulatory regime for the derivatives. "These provisions will result in increased transparency which should allow for a more efficient market, better price discovery, and increased competition," said Democratic Commissioner Kara Stein at a Securities and Exchange Co
  
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• Despite Dovish Tilt, USD/CAD Falls as BOC Keeps Rates Unchanged

  13-07-2016 17:45
  The Bank of Canada kept rates unchanged at 0.50% and grew more dovish on GDP, but failed to mention additional stimulus, and the Canadian Dollar has rallied as a result.
  
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• Wall St wavers after S&P and Dow hit new highs

  13-07-2016 17:40 via news.yahoo.com
  
  After a three-day record-setting rally, U.S. stocks took a breather on Wednesday, with investor focus now on corporate reports to see if the higher valuations are justifiable. A strong U.S. jobs report on Friday, easing political tension in Japan and Britain and increased prospects of central banks providing stimulus post Britain's vote to leave the European Union, calmed nerves and boosted faith in equities. The S&P hit a record high for the third consecutive day on Wednesday.
  
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• S&P 500, Dow stall after hitting record highs; oil falls

  13-07-2016 17:22 via news.yahoo.com
  
  By Sam Forgione NEW YORK (Reuters) - Major U.S. stock indexes eased back from record intraday highs on Wednesday and European shares gave back some gains to trade little changed as investors took a breather from recent rallies. The benchmark S&P 500 hit 2,156.45, topping Tuesday's intraday record of 2,155.40, while the Dow hit 18,390.16 to top Tuesday's record intraday peak of 18,371.95, the third straight day of such peaks for the S&P and the second for the Dow. The FTSEurofirst 300 ind
  
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• GLOBAL MARKETS-S&P 500, Dow stall after hitting record highs; oil falls

  13-07-2016 17:20 via news.yahoo.com
  Major U.S. stock indexes eased back from record intraday highs on Wednesday and European shares gave back some gains to trade little changed as investors took a breather from recent rallies. The benchmark S&P 500 hit 2,156.45, topping Tuesday's intraday record of 2,155.40, while the Dow hit 18,390.16 to top Tuesday's record intraday peak of 18,371.95, the third straight day of such peaks for the S&P and the second for the Dow. The FTSEurofirst 300 index of top regional shares earlier tou
  
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• Cyclical stocks eyed to extend the U.S. market's rally

  13-07-2016 17:02 via news.yahoo.com
  
  Wall Street's rally, fed primarily by defensive stocks embraced by worried investors, may be spreading to some of the growth companies that more typically lead a market forward. The move remains incipient - typical leaders like consumer discretionary companies, technology and financials continue to lag the utilities and staples that propelled the S&P 500 to record highs this week. "Our favored sectors looking into the second-half of 2016 are information technology, healthcare and consumer di
  
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• WTI Crude Oil Price Bounces on BOC News

  13-07-2016 16:35
  The price of WTI Crude Oil has bounced from daily lows on BOC news.
  
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• IHS Markit Rings Opening Bell at Nasdaq, Unveils New Logo

  13-07-2016 16:28 via news.yahoo.com
  
  NEW YORK--(BUSINESSWIRE)-- IHS Markit (Nasdaq: INFO), a global leader in critical information, analytics and solutions, today celebrated its first day of trading under the trading symbol “INFO” on the ...
  
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• S&P 500, Dow ease back after hitting new highs

  13-07-2016 16:15 via news.yahoo.com
  
  The S&P 500 and the Dow touched new intraday highs at the open on Wednesday before easing back, as investors took a breather after a three-day record-setting rally amid signs of a steadying global economy. Easing political tension in Japan and Britain and increased prospects of central banks providing stimulus post Britain's vote to leave the European Union have also helped reduce some uncertainty in global markets. At 9:46 a.m. ET the Dow Jones Industrial Average was up 9.17 points, or 0.05
  
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• The CAC 40 Trades to Resistance at 4,354.40

  13-07-2016 15:40
  The CAC 40 is trading higher for the fourth consecutive day, but is approaching resistance near 4,354.40.
  
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• Wall Street set to open flat after record-setting rally

  13-07-2016 14:45 via news.yahoo.com
  
  (Reuters) - U.S. stocks were set for a sedate open on Wednesday, a day after investors powered the S&P 500 and the Dow to record highs amid growing optimism about the economy.
  
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• Analytical review of the stocks of JPMorgan Chase&Co. for 13.07.2016

  13-07-2016 14:18 via liteforex.com
  Forex analytics: JPMorgan Chase&Co., #JPM [NYSE] Finance, Banks, USA Financial performance of the company: Index – DJIA, S&P 500; Beta – 1.65;Capitalization – 212.84 В; Return on asset – 0.90%;Income - 22.41 B; Average volume – 19.56 М;P/E - 10.67; ATR – 1.86 Analytical review:The price of the issuer has grown by 6% over the past week. It is expected that the rise will continue. The rise ...
  
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• GBP/USD in Flux as May Ascends to PM; USD/CAD Eyes BOC

  13-07-2016 14:10
  The Bank of Canada is likely to take a more dovish tilt to their statement today.
  
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• Burberry expects earnings boost from weak pound post Brexit

  13-07-2016 13:16 via news.yahoo.com
  
  By Paul Sandle LONDON (Reuters) - British luxury goods brand Burberry , which announced a management shake-up this week as it seeks to overturn falling profits, said on Wednesday it expects a post-Brexit drop in the pound to boost its earnings this year. The group known for its camel, red and black check design incurs about 40 percent of its costs in Britain, but makes only 10 percent of its sales in its home market and more than half of those come from foreign tourists in London, analysts estim
  
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• Many fear changes to U.S. SEC's in-house trials not enough

  13-07-2016 13:07 via news.yahoo.com
  
  By Lisa Lambert WASHINGTON (Reuters) - The top U.S. securities regulator on Wednesday will try to answer complaints it stacks the deck against defendants at in-house trials by approving its first major revisions to the administrative proceedings in two decades. The 13 comment letters it received after proposing the revisions in September all sent the same message: They do not go far enough. The 2010 Dodd-Frank Wall Street reform law allowed the SEC to pursue cases against a wider universe of def
  
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• USD/CAD Triangle/Wedge Formation at Risk on Wait-and-See BoC

  13-07-2016 12:00
  USD/CAD stands at risk of giving back the advance from the previous month should the Bank of Canada (BoC) talk down bets for additional monetary support.
  
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• USD/CHF: The pair is above the key support levels. Technical analysis for 13/07/2016

  13-07-2016 11:57 via liteforex.com
  Forex analytics: Review and dynamics The intervention conducted by SNB, prevented the rise in Franc after the announcement of the referendum results in the UK. The pair has been growing for the fourth consecutive week. The pair has broken down important levels of 0.9770 (ЕМА200, ЕМА144 on the daily chart), 0.9820 (Fibonacci 38.2% to the last wave of decline since December 2015 at the level of 1.0300). Now ...
  
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• USD/CAD In Focus Ahead of BoC Rate Decision, Crude Oil Inventories

  13-07-2016 11:50
  The USD/CAD is trading sideways in early London trading hours as the market waits for the event risk later today
  
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• USD/CHF: The pair has been growing for the fourth consecutive week. Fundamental analysis for 13.07.2016

  13-07-2016 11:47 via liteforex.com
  Forex analytics: Following the intervention conducted by Swiss National Bank straight after the announcement of referendum results in the UK, the pair USD/CHF has been growing for the fourth consecutive week. Although Swiss economy is in the relatively good condition, (unemployment rate in the country is one of the lowest in Europe and in the world (about to 3%)), some economists believe that GDP growth in ...
  
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• MIDEAST STOCKS-Gulf banking stocks rise after early Q2 earnings beat expectations

  13-07-2016 11:33 via news.yahoo.com
  DUBAI, July 13 (Reuters) - Gulf stocks edge higher on Wednesday as investors build up positions in banks as the first series of second-quarter results outperformed analyst expectations. Investors also took cues from global markets as central banks signal the possibility of further stimulus programmes. "The sentiment is positive today, markets are being driven by the global backdrop," said Saleem Khokhar, head of fund management and equities at the asset management group of National Bank of Abu D
  
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• USD/CAD: the pair is at the strong resistance level. Technical analysis of 13.07.2016

  13-07-2016 11:13 via liteforex.com
  Forex analytics: Review and dynamics At the end of April the pair USD/CAD reached the annual lows at the level of 1.2525. Since the beginning of June the price has been in the range of 1.2635 (Fibonacci 50% to the rise since July 2014 at the level of 1.0650) and 1.3100 (ЕМА200 and ЕМА144 on the daily chart and Fibonacci 38.2%). Our opinion On the daily, weekly and 4-hour charts the indicators OsMA and ...
  
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• Analytical review of the currency pair GBP/USD for 13.07.2016

  13-07-2016 10:59 via liteforex.com
  Forex analytics: Technical data of the currency pair:Previous closing: 1.3246; Daily range: 1.3225-1.3337;Opening: 1.3246; 52- week range: 1.2796-1.5820;Annual revenue: -14.18%; Change in % for the previous day: +2.12;Analytical review:Since the beginning of this week the currency pair GBP/USD has significantly grown (over 400 points) after Brexit. During ...
  
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• Crude Oil Prices at Risk on Souring Sentiment, Inventories Data

  13-07-2016 10:25
  Crude oil prices may decline after rising the most in three months as risk appetite sours while EIA inventories data disappoints drawdown expectations.
  
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• USD/CAD: Interest rate decision in Canada. Fundamental analysis for 13.07.16

  13-07-2016 10:09 via liteforex.com
  Forex analytics: Following the release of the US labor market data last Friday, including positive NFPR, the USD rose in the pair USD/CAD. It became known that NFPR in June increased by 287.000 against the forecast of 175.000. Unemployment rate rose to 4.9% against the forecast of 4.8% and 4.7% in May, Note, that unemployment rate in the USA has been below the level of 5.0% for a few consecutive months. At the ...
  
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• AUD/USD and Risk Assets Unfazed on Mixed China Trade Data

  13-07-2016 09:46
  The AUD/USD and correlated risk assets were little changed after China's trade balance printed figures below expectations, exports increased
  
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• Asian markets build on gains after new Wall St record

  13-07-2016 09:21 via news.yahoo.com
  
  Asian markets rallied again on Wednesday with investors taking heart from another record close on Wall Street and talk of central bank stimulus. Japan's Nikkei was once again the stand-out market, soaring on the back of a weaker yen and wiping out almost all the losses suffered after the shock of Britain's June 23 vote to leave the European Union. A landslide win for Japan's ruling party at the weekend and the sooner-than-expected choice of a replacement for Britain's David Cameron as prime mini
  
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• Japanese Yen May Extend Recovery as Risk Appetite Fizzles

  13-07-2016 08:28
  The Japanese Yen cautiously recovered in Asian trade having plunged amid yesterday’s swell in risk appetite. More of the same may be ahead as sentiment sours.
  
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• ASX 200 Technical Analysis: Index Near 2016 Highs

  13-07-2016 07:05
  The ASX 200 is trading near 2016 highs after moving above resistance and further positive momentum might have strong bullish implications
  
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• FXCM’s $10,000 Monthly Trading Contest Winners

  13-07-2016 06:09
  Each month, FXCM hosts a trading competition offering mini account holders the chance to compete for disbursements of a $10,000 prize pool. This page contains links to interviews of past winners.
  
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• Asian markets post fresh gains after Wall St record

  13-07-2016 04:52 via news.yahoo.com
  
  Asian markets rallied again on Wednesday with investors taking heart from another record close on Wall Street and talk of central bank stimulus.
  
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