Analyst news

• German business resilience buoys eurozone shares

  25-07-2016 23:58 via news.yahoo.com
  
  New York (AFP) - Eurozone stock markets scored small gains Monday buoyed by resilient German post-Brexit business sentiment, while London and Wall Street tumbled on profit-taking and the drag from another fall in oil prices.
  
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• Wall Street declines as earnings take centre stage

  25-07-2016 22:40 via news.yahoo.com
  
  U.S. stocks receded from record highs on Monday as oil weighed on energy shares and investors awaited an avalanche of quarterly reports. Shares fell almost across the board, with energy stocks leading declines across 10 S&P 500 sectors and the consumer discretionary sector the lone gainer, helped by a 1.84-percent gain in Target . The negative start to the week, which includes earnings from 190 S&P 500 companies as well as a Federal Reserve policy meeting, put the brakes on a 9-percent r
  
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• Wall St. declines as earnings take center stage

  25-07-2016 22:39 via news.yahoo.com
  
  Shares fell almost across the board, with energy stocks leading declines across 10 S&P 500 sectors and the consumer discretionary sector the lone gainer, helped by a 1.84-percent gain in Target . The negative start to the week, which includes earnings from 190 S&P 500 companies as well as a Federal Reserve policy meeting, put the brakes on a 9-percent rally that started on June 27. The S&P energy index fell 1.99 percent, its deepest percentage decline since late June.
  
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• CN Rail earnings slip as shipments fall

  25-07-2016 22:25
  TORONTO (Reuters) – Canadian National Railway Co reported slightly lower second quarter earnings on Monday as a decline in shipments cut into revenue, but said it expects volumes to improve in the months ahead.
  Chief Executive Luc Jobin said the railway faced a “very challenging volume environment” in the quarter, but sees business improving in the second half.
  “We expect the second quarter to be the volume trough for the year,” he said in a statement, noting that t
  
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• EUR/USD Technical Analysis: Smallest 20 Day Range in 2 Years

  25-07-2016 21:57
  Since the day after the Brexit vote, EUR/USD has been trading in a fairly tight trading range since August 2014 on low volume.This favors range strategies leading up to the FOMC meeting.
  
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• COT-British Pound Ownership Profile Warns of a Bottom

  25-07-2016 21:31
  The latest COT data indicates the 3rd largest speculative British Pound net short position and 2nd largest commercial hedger long position. This ownership profile warns of a major price bottom.
  
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• Post-Brexit NZDUSD Support Vulnerable to Weak NZ Trade Balance

  25-07-2016 20:58
  Kiwi is sitting at the post-Brexit low ahead of key economic data tomorrow. Here are the updated targets & invalidation levels that matter into the release.
  
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• Wall Street drops from highs as earnings take center stage

  25-07-2016 20:50 via news.yahoo.com
  
  Shares fell almost across the board, with energy stocks leading declines across 10 S&P 500 sectors and consumer discretionary a loan bright spot, helped by a 1.97-percent gain in Netflix. The negative start to the week, which includes earnings from 190 S&P 500 companies as well as a Federal Reserve policy meeting, put the brakes on a 9 percent rally that started on June 27. The S&P energy index fell 2 percent, its deepest percentage decline since late June.
  
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• China’s Market News: Chinese Officials Address on Yuan, SOEs at G20 Meeting

  25-07-2016 20:04
  Numerous announcements from top Chinese officials kicked off G-20 this week
  
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• Gold Prices Trying to Carve Support, But Will FOMC Cooperate?

  25-07-2016 19:26
  The year of 2016 has brought on quite a bit of change in the Gold market, and with another FOMC meeting this week, the bullish up-trend may face a deeper test before price action is set to advance.
  
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• Weak oil pulls Wall Street off record highs; Fed meet eyed

  25-07-2016 18:56 via news.yahoo.com
  
  Oil prices fell to two-and-a-half month lows amid worries that a global glut of crude and refined products would be a drag on markets for some time. The S&P energy index fell 2 percent, its biggest percentage decline since June 27 when Britain's vote to leave the European Union sparked a massive selloff in risk assets. "Second-quarter earnings have come in stronger than we had expected, but for some reason the markets have chosen to obsess about oil prices today," said Kim Forrest, senior eq
  
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• Webinar: USDOLLAR within Striking Distance of 2016 Open Ahead of FOMC

  25-07-2016 18:42
  Webinar highlighting featured setups we’re tracking on SB Trade Desk. Here are the updated targets & invalidation levels that matter this week.
  
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• AUD/USD Outlook Mired by Expectations for Slowing Australia Inflation

  25-07-2016 18:22
  AUD/USD stands at risk for further losses should Australia’s 2Q Consumer Price Index (CPI) report fuel speculation for an RBA rate-cut.
  
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• USD/CAD Technical Analysis: Breakout but How Far?

  25-07-2016 18:12
  USD/CAD has broken the range and has reached its highest level in 4 months.There is some confluence of resistance near 1.3304-1.3381.
  
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• Wall St slips from record levels on weak oil prices

  25-07-2016 17:24 via news.yahoo.com
  
  U.S. stocks slipped from their record levels on Monday as oil weighed on energy shares and as investors awaited this week's Federal Reserve monetary policy meeting. Oil prices fell to two and a half month lows amid worries that a global glut of crude and refined products would weigh on markets for some time. "Second-quarter earnings have come in stronger than we had expected, but for some reason the markets have chosen to obsess about oil prices today," said Kim Forrest, senior equity research a
  
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• Wall Street slips from record levels on weak oil prices

  25-07-2016 17:23 via news.yahoo.com
  
  Oil prices fell to two and a half month lows amid worries that a global glut of crude and refined products would weigh on markets for some time. "Second-quarter earnings have come in stronger than we had expected, but for some reason the markets have chosen to obsess about oil prices today," said Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh.
  
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• Wall St lower as earnings roll in; Fed meet eyed

  25-07-2016 16:03
  By Yashaswini Swamynathan
  REUTERS – Wall Street opened slightly lower on Monday as investors braced for another set of corporate earnings and awaited the Federal Reserve’s monetary policy meeting.
  The Federal Open Market Committee (FOMC), which has had to defer raising interest rates, will begin its two-day meeting on Tuesday to decide whether the U.S. economy could absorb a rate increase in the near term.
  The FOMC is scheduled to announce its decision on Wednesday at 2:00 p.m. ET (1
  
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• Wall Street lower as earnings roll in; Fed meet eyed

  25-07-2016 15:59 via news.yahoo.com
  
  The Federal Open Market Committee (FOMC), which has had to defer raising interest rates, will begin its two-day meeting on Tuesday to decide whether the U.S. economy could absorb a rate increase in the near term. The FOMC is scheduled to announce its decision on Wednesday at 2:00 p.m. ET (1800 GMT). Low expectations of rate hikes, robust economic data and higher-than-expected second-quarter earnings have fueled a record-setting rally on Wall Street in the past two weeks.
  
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• Wall Street slightly lower as earnings roll in

  25-07-2016 15:33 via news.yahoo.com
  
  (Reuters) - Wall Street was slightly lower on Monday as investors braced for another set of corporate earnings and ahead of the Federal Reserve's policy meeting.
  
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• Wall St slightly lower as earnings roll in

  25-07-2016 15:33 via news.yahoo.com
  
  REUTERS - Wall Street was slightly lower on Monday as investors braced for another set of corporate earnings and ahead of the Federal Reserve's policy meeting. The Dow Jones industrial average was down 39.13 points, or 0.21 percent, at 18,531.72, the S&P 500 was down 2.93 points, or 0.13 percent, at 2,172.1 and the Nasdaq composite was down 2.52 points, or 0.05 percent, at 5,097.64. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Anil D'Silva)
  
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• Price Action Preview: Another Week for the Central Banks

  25-07-2016 15:23
  This week brings a plethora of economic announcements to drive markets, with the highlights being Central Bank meetings from the Fed and BOJ.
  
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• Analytical review of the stocks of General Electric Company for 25.07.2016.

  25-07-2016 15:14 via liteforex.com
  Forex analytics: Financial performance of the company:Index – DJIA, S&P 500;Beta – 1.19; Capitalization – 302.06 В;Return on asset – 0.30%;Income - 1.68 B;Average volume – 50.82 М;P/E - 213.43;ATR – 0.64 Analytical review:The company ranks the first on capitalization in the sector of “Industrial goods” among the issuers traded in the American ...
  
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• EUR/USD: breakout of the level of 1.0970 is required. Technical analysis for 25/07/2016.

  25-07-2016 15:04 via liteforex.com
  Forex analytics: Review and dynamicsTrading is sluggish in the financial markets this Monday amid anticipation of the important decisions scheduled for this week. Trading volume is low. On the daily chart the pair EUR/USD is in the middle of the descending channel, on theweekly chartthe pair isat the lower line of the ascending channel, close to the level of 1.0970.Our opinion On the daily and weekly ...
  
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• EUR/USD: Monetary policy of the ECB was left unchanged. Fundamental analysis for 25.07.2016.

  25-07-2016 15:00 via liteforex.com
  Forex analytics: At the ECB meeting last Thursday, it was decided to leave monetary policy in the Euro area unchanged. The volume of asset purchase program was left at the level of 80 billion euro (88 billion USD) per month, while core interest rate was kept at 0% (the rate on deposits for commercial banks is -0.4%). The ECB President Mario Draghi did not give any indications of the monetary policy prospects in ...
  
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• Uneasy about U.S. election, rich investors eye selling stocks for cash - survey

  25-07-2016 14:25 via news.yahoo.com
  
  A quarter of rich U.S. investors are so concerned that the U.S. presidential race will hurt share prices that they are considering pulling out of the stock market entirely, according to a survey by UBS AG Wealth Management Americas. Five percent of the 2,300 mostly high net worth investors surveyed said they had already converted all of their U.S. stock holdings to cash, according to survey of investors in early June. "Investors really see this (election) as a watershed event," said Sameer Auror
  
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• Mauritius exporters see Brexit crimping textile export earnings to UK by 10 pct

  25-07-2016 14:22 via news.yahoo.com
  
  Revenues generated by Mauritius from textile exports to Britain will decline by about 10 percent this year as a result of the British vote to leave the European Union, the country's export association said on Monday. The EU is Mauritius' largest trading partner. Britain remains the largest buyer of Mauritian goods within the EU, accounting for 18 percent of total exports to the bloc.
  
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• USD/CAD Breakout Potential Persists as Crude Oil Breaks Down

  25-07-2016 14:20
  USD/CAD remains well-positioned for a topside breakout - and this week is not lacking catalysts.
  
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• Ooredoo Kuwait continues earnings slump with 28 pct Q2 profit drop

  25-07-2016 14:20 via news.yahoo.com
  DUBAI, July 25 (Reuters) - Mobile operator Ooredoo Kuwait reported a 28 percent fall in second-quarter net profit on Monday, continuing its earnings slump as revenue fell. The subsidiary of Qatar's Ooredoo competes domestically with Zain and Saudi Telecom Co (STC) affiliate Viva Kuwait. Ooredoo Kuwait made a net profit of 9.07 million dinars ($29.98 million) in the three months to June 30, it said in a statement. This compares with a profit of 12.6 million dinars in the year-earlier period. EFG
  
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• XAU/USD: the price of gold is remains under pressure. Technical analysis for 25.07.2016.

  25-07-2016 14:11 via liteforex.com
  Forex analytics: Review and dynamics The USD continues to strengthen in the currency market and investors’ concerns about Brexit are decreasing causing the decline in safe-haven assets, such as the yen and gold. With the opening of the trading day on Monday, the price of gold has been falling. The pair XAU/USD has broken down support level of 1323.00 (Fibonacci 38.2 and ЕМА144 on 4-hour chart) and fell to ...
  
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• G20 growth promise keeps global shares near nine-month high

  25-07-2016 14:01 via news.yahoo.com
  
  Backsliding oil prices held back commodity firms and some emerging markets, however, meaning MSCI's All World index failed to get over the peaks it scaled last week. Wall Street was expected to start the week flat too, with last week's record highs for the S&P 500 and Dow Jones likely to keep traders, still in the thick of earnings season, cautious for the next couple of days. While the weekend's signals from the G20 meeting in China were welcome, investors are anticipating a hectic week tha
  
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• XAU/USD: The rise in the USD continues. Fundamental analysis for 25.07.2016.

  25-07-2016 13:56 via liteforex.com
  Forex analytics: Last week the price of gold fell to three-week lows, as investors’ concerns about slowdown of the globaleconomic growth have decreased, while investors’ risk appetite has increased.The decline in gold prices is also associated with the take profit in the long positions on gold after the Brexit.However, the affect of Brexit on the world financial markets was not very strong and the ...
  
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• G20 growth promise keeps shares near 9-month high

  25-07-2016 13:38 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - World shares held near nine-month highs on Monday after G20 finance chiefs said over the weekend they would use "all policy tools" to lift global growth. Backsliding oil prices held back commodity firms and some emerging markets, however, meaning MSCI's All World index failed to get over the peaks it scaled last week. Wall Street was expected to start the week flat too, with last week's record highs for the S&P 500 and Dow Jones likely to keep traders, still
  
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• Weekly review for 25 - 31 July 2016.

  25-07-2016 13:20 via liteforex.com
  Forex analytics: Last week the USD went up in the currency market. Positive US macro-economic statistics has raised investors’ expectations of the interest rate hike before the end of this year, may be in September. Investors continue to withdraw money from safe-haven assets, such as gold and the Yen, oil prices also continue to decline despite the reduction in oil reserves in the USA. At the meeting last ...
  
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• China Vanke tussle is big test for new securities regulator

  25-07-2016 12:38 via news.yahoo.com
  
  A bitter shareholder row at China's largest property developer is a first big test for the country's new securities chief, appointed earlier this year to heal the wounds of last year's stock market meltdown and restore investor confidence. A high-profile takeover tussle at China Vanke Co Ltd has shone a light on risky shadow lending products known as Asset Management Plans (AMPs) used by Vanke's top investor Baoneng Group to finance its stakebuilding - fuelling investor concern over the more wid
  
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• NZD/USD Remains Offered Below 0.70 But Key Event Risk Lie Ahead

  25-07-2016 11:25
  The NZD/USD remains contained below 0.7000, but New Zealand Trade Balance figures and key US data lie ahead
  
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• Analytical review of the currency pair USD/CAD for 25.07.2016

  25-07-2016 10:29 via liteforex.com
  Forex analytics: Technical data of the currency pair:Previous closing: 1.3128; Daily range: 1.3124-1.3154; Opening: 1.3128; 52-week range: 1.2458-1.4692; Annual revenue: +0.67%; Change in % for the previous day: +0.29.Analytical review:​Since mid-July the CAD has dropped by over 250 points against the USD. During trading session last Friday the rally in the USD ...
  
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• BUZZ-Shares in several Saudi insurers surge on Q2 earnings

  25-07-2016 09:34 via news.yahoo.com
  ** Shares in several Saudi Arabian insurers rise sharply in unusually heavy trade after they report second-quarter earnings ** Saudi United Cooperative Insurance climbs 7.2 percent to 15.70 riyals after it swings to net profit before tax of 30.6 million riyals ($8.16 million) from loss of 40.4 million riyals in corresponding quarter of 2015 ** Al Rajhi Takaful gains 3.8 percent to 23.40 riyals after reporting 55 percent jump in quarterly net profit to 24.4 million riyals ** Alinma Tokio rises 1.
  
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• Asian markets drift as dealers await bank meetings

  25-07-2016 09:26 via news.yahoo.com
  
  Asian equity traders moved cautiously Monday as another record close on Wall Street was offset by wariness ahead of central bank meetings in Japan and the United States this week. The bank policymakers' gatherings are the first since last month's shock vote in Britain to leave the European Union, which led to promises around the world to provide support to financial markets. The pledges have fanned a surge across global markets, with the Dow and S&P 500 in New York both enjoying a series of
  
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• USD/CNH Technical Analysis: 6.6860 Support Turns Resistance

  25-07-2016 08:57
  The USD/CNH failed to hold above key support levels and 6.6860 now appears to act as short term resistance
  
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• Nintendo shares dive as company plays down Pokemon GO's earnings impact

  25-07-2016 08:31 via news.yahoo.com
  
  By Junko Fujita TOKYO (Reuters) - Shares in Nintendo Co tumbled as much as 18 percent on Monday after the company said Pokemon GO would have a limited impact on its earnings - their biggest setback so far after a huge run-up on the smash-hit game. The Kyoto-based gaming company, which is due to report first-quarter results this week, surprised markets with a statement on Friday that income garnered through its 32 percent stake in affiliate Pokemon Company, which owns the licensing rights, would
  
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• UPDATE 2-Nintendo shares dive as company plays down Pokemon GO's earnings impact

  25-07-2016 08:29
  
  * Stock cheap given potential for other franchises -fund
  manager(Recasts and adds comments from analyst and fund manager)
  
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• ASX 200 Technical Analysis: Rally Continues as 5,500 Provides Support

  25-07-2016 08:20
  The ASX 200 continues to push higher after a break above resistance turned support at 5,500 but further hurdles are ahead
  
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• Nikkei 225 Technical Analysis: Index Stalling Below 17,000

  25-07-2016 07:47
  The Nikkei 225 is treading water after seemingly losing momentum below the 17,000 level as volatility declines
  
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• Thai SCCC to buy Sri Lanka cement firm from LafargeHolcim unit for $374 mln

  25-07-2016 07:21
  
  BANGKOK, July 25 (Reuters) - Siam City Cement Pcl (SCCC)
  , Thailand's second-largest cement maker, said on
  Monday it has signed a deal to buy a Sri Lankan cement company
  from Holderfin B.V., a unit...
  
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• Asian traders wary ahead of bank meetings

  25-07-2016 05:09 via news.yahoo.com
  
  Japanese stocks rallied again on Monday following another Wall Street record as dealers look ahead to central bank meetings in Japan and the United States but other Asian markets struggled after racking up healthy recent gains. The bank policymakers' gatherings are the first since last month's shock vote in Britain to leave the European Union, which led to promises around the world to provide support to financial markets. The Bank of Japan is widely expected to ramp up its stimulus to kickstart
  
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• Asian shares cheered by Wall Street, dollar, Group of 20

  25-07-2016 04:05 via news.yahoo.com
  
  TOKYO (AP) — Asian shares were mostly higher Monday, cheered by upbeat signs from Wall Street, a strengthening U.S. dollar and promises from the Group of 20 nations over the weekend to support global growth.
  
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• CORRECTED-UPDATE 1-Nintendo shares plunge, company says Pokemon GO's earnings impact limited

  25-07-2016 03:52
  
  * Shares fall by as much as 18 pct, nearly down by daily
  limit
  
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• Nintendo shares plunge, company says Pokemon GO's earnings impact limited

  25-07-2016 03:42 via news.yahoo.com
  TOKYO (Reuters) - Shares of Nintendo Co <7974.T> tumbled as much as 18 percent early on Monday after the company said smash-hit mobile game Pokemon GO would have only a limited impact on its earnings.
  
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