Analyst news

• UPDATE 2-Intuitive Surgical 2nd-quarter profit jumps, shares rise

  19-07-2016 23:41
  
  July 19 (Reuters) - Intuitive Surgical Inc on
  Tuesday reported much higher than expected second-quarter
  profit, driven by an increase in sales of its da Vinci surgical
  robots and procedures using the...
  
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• S&P pulls back from record; Dow notches eighth day of gains

  19-07-2016 22:33 via news.yahoo.com
  
  Netflix’s disappointing quarterly results weighed on the S&P 500 and the Nasdaq, while Johnson & Johnson’s strong earnings and forecast helped prop up the Dow. The International Monetary Fund cut its global growth forecasts for the next two years, citing uncertainty over Britain’s looming exit from the European Union.
  
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• S&P pulls back from record; Dow notches eight day of gains

  19-07-2016 22:30 via news.yahoo.com
  
  The S&P 500 pulled back from record highs on Tuesday, while the Dow industrials edged up for an eighth straight day of gains, as investors digested mixed earnings reports amid lowered expectations for global economic growth. Netflix's disappointing quarterly results weighed on the S&P 500 and the Nasdaq, while Johnson & Johnson's strong earnings and forecast helped prop up the Dow. The International Monetary Fund cut its global growth forecasts for the next two years, citing uncertai
  
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• Wall St. mixed as earnings, economy weigh

  19-07-2016 22:10 via news.yahoo.com
  
  NEW YORK (Reuters) - The S&P 500 pulled back from its record high on Tuesday, while the Dow industrials edged higher to mark an eighth straight session of gains, as investors digested mixed earnings reports as well as lowered expectations for global economic growth.
  
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• Netflix subscriber miss stirs doubts about growth plan

  19-07-2016 21:37 via news.yahoo.com
  
  By Lisa Richwine LOS ANGELES (Reuters) - Netflix Inc's disappointing second-quarter subscriber growth and forecast raised questions about whether the streaming video pioneer can pick up the pace of its global expansion, Wall Street analysts said. At least 20 brokerages cut their Netflix stock price targets by as much as $30 on Tuesday, a day after the company reported it failed to sign up as many new customers as it expected from April to June. "This suggests the loyalty of Netflix subscribers i
  
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• Stocks dip on earnings and growth worries; dollar rises

  19-07-2016 21:03 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - The recent rally in global equity prices faltered on Tuesday as investors pondered some disappointing earnings reports and signs that Britain's decision to leave the EU could hurt other economies, while the U.S. dollar climbed to a four-month high. Oil prices slipped, pressured by the stronger U.S. dollar. The dollar index , which tracks the greenback against six major currencies, rose to its highest level since March 10 to 97.148.
  
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• Global stocks dip on earnings and growth worries; dollar rises

  19-07-2016 21:03 via news.yahoo.com
  
  The recent rally in global equity prices faltered on Tuesday as investors pondered some disappointing earnings reports and signs that Britain's decision to leave the EU could hurt other economies, while the U.S. dollar climbed to a four-month high. Oil prices slipped, pressured by the stronger U.S. dollar. The dollar index , which tracks the greenback against six major currencies, rose to its highest level since March 10 to 97.148.
  
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• IBM's full-year earnings forecast greeted with scepticism

  19-07-2016 20:49 via news.yahoo.com
  
  IBM Corp has given itself a tall order - a full-year profit target many analysts think it will have trouble meeting. Big Blue has made solid progress as it shifts into high-growth areas such as cloud-based services, and both profit and revenue beat analysts' expectations in the second quarter. In order to meet the target, IBM would need to turn in its best sequential improvement in profit in nine years in the fourth quarter, according to Bernstein analyst Toni Sacconaghi.
  
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• IMF Lowers Global Growth Expections; UK Growth Hit Hardest Post-Brexit

  19-07-2016 20:40
  The International Monetary Fund (IMF) released its updated World Economic Outlook, cutting forecasts for global growth.
  
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• IBM's full-year earnings forecast greeted with skepticism

  19-07-2016 20:15 via news.yahoo.com
  
  IBM Corp has given itself a tall order - a full-year profit target many analysts think it will have trouble meeting. Big Blue has made solid progress as it shifts into high-growth areas such as cloud-based services, and both profit and revenue beat analysts' expectations in the second quarter. In order to meet the target, IBM would need to turn in its best sequential improvement in profit in nine years in the fourth quarter, according to Bernstein analyst Toni Sacconaghi.
  
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• Wall Street moves lower on mixed earnings reports

  19-07-2016 19:31 via news.yahoo.com
  
  The S&P and the Nasdaq were pulled down by Netflix and health stocks, while the Dow's fall was cushioned by Johnson & Johnson's strong results. Strong economic data had sent stocks on a record-setting run through most of last week, and second-quarter earnings reports are expected to justify higher valuations. J&J , UnitedHealth , Goldman Sachs and Lockheed Martin all beat profit estimates for the quarter, but only J&J's stock stayed up after rising 2.1 percent to a record high of
  
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• GBP/JPY at Brexit Levels- Elevated Risk for Declines on UK Employment

  19-07-2016 19:19
  GBPJPY has continued to straddle the Brexit close with the pair at risk for losses ahead of UK jobs data. Here are the updated targets & invalidation levels that matter.
  
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• European shares dented by weak earnings outlooks, but Zalando soars

  19-07-2016 18:55 via news.yahoo.com
  European shares touched a one-week low on Tuesday as weak earnings updates from the likes of Ericsson and AkzoNobel weighed on markets, although online fashion retailer Zalando
  
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• BUZZ-Nasdaq Composite nears year-long pattern resistance

  19-07-2016 18:54 via news.yahoo.com
  ** Nasdaq Composite nearing upper boundary of near year-long rectangular pattern; suggests risk for pullback building ** And action in semiconductor sector vs Composite can provide early warning of potential ...
  
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• China’s Market News: Yuan Prices Pause while Real Estate Prices Soar

  19-07-2016 18:50
  The PBOC held the onshore Yuan rate below 6.70 on Tuesday. Housing prices, on the other hand, continued to rise in June.
  
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• WTI Crude Oil Prices Consolidate for 5th Day

  19-07-2016 18:40
  WTI Crude Oil prices are consolidating between daily values of support and resistance. Focus should be placed on price momentum to identify a breakout.
  
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• Rally fatigue saps stocks but Goldman provides hope

  19-07-2016 18:14 via news.yahoo.com
  
  World shares dipped for only the second time in nine days on Tuesday, sapped by a drop in oil prices and data that showed Britain's vote to quit the European Union has done some serious damage to German economic confidence. European stocks fell 1 percent as a slide back below $47 a barrel for oil sent commodity firms down 1.5 percent. Wall Street, which is in the thick of the second-quarter earnings season, was expected to ease back from Monday's latest record high when it reopens.
  
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• Global stocks slip on earnings and global growth worries, dollar rises

  19-07-2016 18:10 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - Global equity prices ticked lower on Tuesday as investors took stock of some disappointing U.S. earnings reports and signs that Britain's decision to leave the EU could hurt other economies, while the U.S. dollar rallied to a four-month high. Oil prices steadied, helped by a new Libyan supply disruption. The dollar index , which tracks the greenback against six major currencies, rose to its highest level since mid-March at to 97.126.
  
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• Exclusive - Silver Run buys into U.S. shale producer Centennial: source

  19-07-2016 18:08 via news.yahoo.com
  By Ernest Scheyder HOUSTON (Reuters) - Silver Run Acquisition Corp , run by energy industry veteran Mark Papa, has taken a stake in privately held Centennial Resource Development LLC and plans to develop the crude producer's Texas shale acreage, according to a source familiar with the matter. The move by Silver Run, which went public in February with the aim of investing in U.S. energy companies, is the latest sign that major investors are moving more quickly to secure assets and acreage at depr
  
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• S&P, Nasdaq dragged down by Netflix; J&J props up Dow

  19-07-2016 17:47 via news.yahoo.com
  
  Also weighing on sentiment was the International Monetary Fund's move to cut its global growth forecasts for the next two years due to uncertainty over Britain's looming exit from the European Union. Health stocks , which were higher at the open on J&J's results, dropped 0.3 percent, led by health insurers after a report said U.S. antitrust officials would file lawsuits to block Anthem's acquisition of Cigna and Aetna's takeover of Humana . Netflix slumped 14 percent to $85.09 after its quar
  
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• AUD/USD Bullish RSI Formation Falters Despite Wait-and-See RBA

  19-07-2016 17:12
  AUD/USD may threaten the upward trend carried over from the end of May as the RSI fails to preserve the bullish formation from the same period.
  
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• MIDEAST STOCKS-Qatar outperforms again in sluggish region

  19-07-2016 16:47 via news.yahoo.com
  * Qatar bullish after technical breakout * Qatar Islamic Bank surges on Q2 earnings * Saudi's Ma'aden sinks on earnings * Emaar Properties outperforms in Dubai * Dollar shortage weighs on Egypt By Andrew Torchia DUBAI, July 19 (Reuters) - Qatar's stock market rose on Tuesday after breaking major technical resistance, but other markets in the region were sluggish, held back by soft oil prices and mixed corporate earnings. The Qatari index climbed 0.6 percent to 10,649 points in a broad-based rise
  
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• European stocks falter as Brexit fears weigh

  19-07-2016 16:45 via news.yahoo.com
  
  European stock markets mostly slid Tuesday as data showed Brexit fears weighing on the German economy and British inflation rising, while Wall Street eased lower to break a record run.
  
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• Goldman details cost savings plan after "challenging" quarter

  19-07-2016 16:39 via news.yahoo.com
  
  Goldman Sachs Group Inc reported a higher second-quarter profit on Tuesday, as it benefited from a sharp decline in expenses and more activity in some parts of the fixed-income markets, but most of its businesses came under pressure. In response to a "challenging backdrop" for revenue, the Wall Street bank embarked on a cost-cutting plan in the first half of the year that will save $700 million a year, Chief Financial Officer Harvey Schwartz said on a conference call. The Wall Street bank's prof
  
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• Wall Street drops with tech stocks; Netflix weighs

  19-07-2016 16:16 via news.yahoo.com
  
  Also weighing on sentiment was the International Monetary Fund's move to cut its global growth forecasts for the next two years due to uncertainty over Britain's looming exit from the European Union. J&J rose 2.1 percent to a record high of $125.75, while UnitedHealth was up 0.5 percent. The two stocks helped make the healthcare sector the only gainer, with a 0.1 percent rise, among the 10 major S&P sectors.
  
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• Johnson & Johnson tops 2Q forecasts despite profit drop

  19-07-2016 15:50 via news.yahoo.com
  
  Johnson & Johnson's second-quarter profit fell 11.5 percent, mainly due to a sizeable gain a year ago, but it easily beat Wall Street's expectations. The company also raised its full-year financial forecasts.
  
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• Wall Street opens lower, weighed by tech and bank stocks

  19-07-2016 15:36 via news.yahoo.com
  
  (Reuters) - Wall Street opened lower on Tuesday, as Netflix's weak report weighed on technology stocks and as Goldman Sachs led financials down. The Dow Jones Industrial Average was down 16.84 points, or 0.09 percent, at 18,516.21. The S&P 500 was down 5.97 points, or 0.28 percent, at 2,160.92. The Nasdaq Composite was down 14.04 points, or 0.28 percent, at 5,041.74. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D'Souza)
  
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• Factbox: Wall Street and commodity risk - Goldman measure jumps in second quarter

  19-07-2016 15:22 via news.yahoo.com
  (Reuters) - Goldman Sachs Group Inc'S commodity market trading risk measure, known as Value-at-Risk (VaR), rose to its highest in 18 months in the three months through June, the bank said on Tuesday, as the Wall Street bank reported higher revenue from trading industrial and raw materials from oil to copper. The VaR is a risk-reward indicator that measures the commodities exposure of Wall Street banks. The news came as Goldman reported better-than-expected quarterly results.
  
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• Goldman 2Q earnings jump, helped by lower legal expenses

  19-07-2016 15:20 via news.yahoo.com
  
  NEW YORK (AP) — Goldman Sachs' earnings jumped 78 percent from a year ago as the bank's legal expenses declined and its trading desks saw a surge of activity during Britain's vote to leave the European Union.
  
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• S&P and Nasdaq set to open lower, Dow little changed

  19-07-2016 15:07 via news.yahoo.com
  
  J&J's stock gained 1.9 percent to $125.50 premarket, set to hit a record high, after the Dow component posted second-quarter earnings that handily beat expectations. Goldman Sachs' results continued the market-beating streak for financials that JPMorgan kicked off last week. "Goldman is not that big of a factor, because all the other financials, except for Wells Fargo have been better-than-expectations," said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.
  
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• Does the U.S. Dollar Breakout Have Staying Power?

  19-07-2016 15:06
  In a world in which most major economies want weaker currencies, capital has to flow somewhere: If the Fed doesn't make a dovish move next week, we could see capital continuing to flow into the U.S. Dollar.
  
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• All Time Highs are Hard Work; DJIA Takes a Breather

  19-07-2016 14:50
  Dow Jones Industrial Average has closed up 12 of the past 14 trading days with the last 2 days consolidating in a tight range. We anticipate an eventual break higher above 18,575.
  
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• Goldman's second-quarter profit soars on strong bond trading revenue

  19-07-2016 14:44 via rocketnews.com
  By Sweta Singh and Olivia Oran
  (Reuters) – Goldman Sachs Group Inc’s quarterly profit soared 78 percent, handily beating expectations, as the Wall Street bank earned more from bond trading and debt underwriting.
  Revenue from trading fixed income, commodities and currencies jumped 20 percent to $1.93 billion (£1.4 billion) in the second quarter while total revenue from trading rose 2 percent to $3.68 billion.
  Investors have been watching Goldman’s fixed income unit closely
  
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• Oil steady above $47, latest Libya hitch supports

  19-07-2016 14:42 via rocketnews.com
  By Dmitry Zhdannikov
  LONDON (Reuters) – Oil prices steadied above $47 a barrel on Tuesday helped by a new Libyan supply disruption but concerns over a global glut of crude and refined fuel capped gains.
  A protest over wages that shut the eastern Libyan oil terminal of Hariga forced the operator of the Sarir field to suspend production of 100,000 barrels per day.
  Libyan news and a rebound in stocks on the back of better than expected results by Wall Street Bank Goldman Sachs <GS.N> he
  
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• Philip Morris Int'l 2Q results miss Street, boosts outlook

  19-07-2016 14:28 via rocketnews.com
  FILE – In this Feb. 5, 2015, file photo, a man smokes a cigarette as he walks past a shop displaying a Marlboro sign at a market in Jakarta, Indonesia. Philip Morris International reports financial results Tuesday, July 19, 2016. (AP Photo/Dita Alangkara, File)
  MoreNEW YORK (AP) — Philip Morris International Inc.’s second-quarter results missed Wall Street’s expectations as cigarette shipment volume declined.
  But the seller of Marlboro and other cigarette brands outside t
  
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• J&J raises 2016 forecast; shares on track for record high

  19-07-2016 14:21 via rocketnews.com
  (Reuters) – Johnson & Johnson raised its 2016 sales and earnings forecast and reported quarterly results that beat Wall Street estimates, helped by strength in its prescription drugs business.
  Shares of the diversified healthcare company were up about 3 percent at $127 in premarket trading on Tuesday, on track to hit a record high at open.
  J&J, which is the first major U.S. drugmaker to announce quarterly earnings, raised its 2016 sales forecast to a range of $71.5 billion to $72.2
  
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• Rally fatigue saps global stocks but Goldman provides hope

  19-07-2016 14:17 via rocketnews.com
  LONDON (Reuters) – World shares dipped for only the second time in nine days on Tuesday, sapped by a drop in oil prices and data that showed Britain’s vote to quit the European Union has done some serious damage to German economic confidence.
  European stocks <.FTEU3> fell 1 percent as a slide back below $47 a barrel for oil sent commodity firms down 1.5 percent. <.SXPP> [O/R]
  Investors winced as the closely followed ZEW German sentiment indicator plunged to its lowest lev
  
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• Goldman's profit jumps as bond trading revenue rises

  19-07-2016 14:04 via news.yahoo.com
  
  (Reuters) - Goldman Sachs Group Inc's quarterly profit jumped 78 percent, handily beating market expectations, as the Wall Street bank earned more from bond trading and its expenses fell. Revenue from trading fixed income, commodities and currencies (FICC) rose 20 percent to $1.93 billion in the second quarter. Total revenue from trading rose 2 percent to $3.68 billion. Revenue from fixed income rose 35 percent at JPMorgan Chase & Co , 14 percent at Citigroup Inc and 22 percent at Bank of Am
  
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• USD/CAD: In the contracting triangle. Technical analysis for 19.07.2016

  19-07-2016 14:03 via liteforex.com
  Forex analytics: Review and dynamicsAfter reaching the lows at the level of 1.2525 at the end of April, the pair USD/CAD has been moving in the range of 1.2635 levels (Fibonacci 50% to the rise since the beginning of July 2014 from the level of1.0650) and 1.3100 (Fibonacci 38.2%). Ascending triangle has been formed on the daily chart with thelower limit near the level of 1.2845, and the upper just above the ...
  
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• USD/CAD: Oil prices are going down. Fundamental analysis for 19.07.16

  19-07-2016 13:59 via liteforex.com
  Forex analytics: Last week the Bank of Canada left interest rate unchanged at the level of 0.5%, reasoning this decision by the fact that economic growth in Canada varies from quarter to quarter. The Bank has lowered the forecast for GDP growth in 2016 from 1.7% to 1.3% and from 2.3% to 2.2% in 2017. At today’s, Asian session the pair USD/CAD rose by 40 points, and the rise continued at the European session. ...
  
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• Goldman Sachs quarterly profit jumps 78 pct

  19-07-2016 13:59 via news.yahoo.com
  
  (Reuters) - Goldman Sachs Group Inc reported a 78 percent jump in quarterly profit as the Wall Street bank earned more from bond trading and its expenses fell. Net income applicable to Goldman's common shareholders rose to $1.63 billion, or $3.72 per share, in the second quarter ended June 30 from $916 million, or $1.98 per share, a year earlier, when Goldman set aside $1.45 billion for regulatory and mortgage-related legal settlements. Analysts on average had expected earnings of $3.00 per shar
  
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• USDOLLAR Index Breaking 3-Week Range on Back of AUD/USD

  19-07-2016 13:52
  Long resilient to US Dollar strength post-Brexit, the Australian Dollar has lost its footing.
  
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• Analytical review of the stocks of International Business Machines Corporation for 19.07.2016

  19-07-2016 13:52 via liteforex.com
  Forex analytics: International Business Machines Corporation, #IBM [NYSE] Technologies, Information Technologies, USA Financial performance of the company:Index – DJIA, S&P 500;Beta – 0.62; Capitalization – 177.42 В;Return on asset - 11.90%;Income - 13.19 B;Average volume – 5.23 М;P/E - 11.52; ATR – 3.21. Analytical review:The company ranks the first on capitalization among the issuers in the ...
  
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• CAC 40 Declines for Third Session

  19-07-2016 13:13
  The CAC 40 is poised to close lower for the third consecutive session.
  
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• European stocks falter on economic data

  19-07-2016 12:44 via news.yahoo.com
  
  Europe's main stock markets slid on Tuesday in the wake of regional economic data including news of higher British inflation -- and as widespread Asian losses offset record-highs on Wall Street.
  
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• Euro-Zone ZEW Sentiment Survey Plunges After The Brexit Vote

  19-07-2016 12:25
  Euro-Zone ZEW Survey plunged as concerns mount on exports, stability of the banking and financial system post Brexit
  
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• NZD/USD: The pair continues to decline. Technical analysis for 19.07.2016

  19-07-2016 11:46 via liteforex.com
  Forex analytics: Review and dynamicsToday, after the announcement that the RBNZ will soon toughen mortgage conditions, the pair NZD/USD fell by 90 points. On Thursday the RBNZ will present assessment of the current economic situation in the country. Some economists believe that the Bank is taking this measure in order to find grounds for lowering interest rate at the next meeting. After reaching new annual ...
  
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• GBP/USD Little Changed After the UK CPI Beat Expectations

  19-07-2016 11:40
  The British Pound was unfazed versus the US Dollar after today's inflation figures beat expectations as the market waits for new data
  
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• Global stocks slip as rally fatigue sets in

  19-07-2016 11:13 via news.yahoo.com
  
  World shares dipped for only the second time in nine days on Tuesday, sapped by a drop in oil prices and data that showed Britain's vote to quit the European Union dented German business confidence. Stocks failed to build on the latest record high for Wall Street while the safe-haven yen , government bonds and gold all made ground.
  
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• EUR/USD Technical Analysis: Waiting for Range Breakout

  19-07-2016 10:47
  The Euro continues to wait for new direction cues as prices tread water in a now-familiar range above the 1.10 figure against the US Dollar.
  
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