Analyst news

• Oil slide pulls Wall Street back from record levels

  10-08-2016 22:38 via news.yahoo.com
  
  Wall Street retreated from record levels on Wednesday after a drop in oil prices pressured energy stocks, while shares of Walt Disney surged on its results and an acquisition. A rally since late June has pushed the S&P 500 up more than 6 percent in 2016 as low interest rates encourage investors to buy U.S. equities, although high valuations are of concern to many. The energy index fell 1.41 percent, hurt by a drop in oil prices after the U.S. government reported a surprise crude stockpile bu
  
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• Oil fizzles on crude build; Wall Street ends lower

  10-08-2016 22:25 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - Oil prices fell on Wednesday on a surprise build in U.S. crude inventories, dragging on energy shares, and U.S. stock indexes receded from record highs. With bond yields low in developed economies as central banks maintain accommodative monetary policies, investors have sought out equities for yield. "The markets were extended, not only price-wise but psychologically (they) have been extended," said Steve Massocca, chief investment officer with Wedbush Equ
  
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• Wall St. ends down on oil price drop

  10-08-2016 22:05 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street ended lower on Wednesday, retreating from record levels after a drop in oil prices pressured energy stocks and overshadowed a surge in Walt Disney.
  
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• Gold Prices Wedging into Consolidation Near Resistance

  10-08-2016 21:38
  Gold prices have been taken for a ride of recent by a volatile U.S. Dollar. But bigger picture, this is creating a wedge formation that's consolidating gains after a 26% move on the year.
  
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• Wall Street falters as oil slide drags on energy shares

  10-08-2016 21:07 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - Oil prices fell on Wednesday on a surprise build in U.S. crude inventories, dragging on energy shares, and Wall Street stocks receded from record highs. U.S. crude fell 3 percent to $41.49 per barrel, while benchmark Brent dropped 2.5 percent to $43.85.
  
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• Weak oil pulls Wall Street back from record levels

  10-08-2016 21:06 via news.yahoo.com
  
  Wall Street retreated from record levels on Wednesday as a drop in oil prices pressured energy stocks and weighed more heavily than a surge in Walt Disney. A rally since late June has taken the S&P 500 up over 6 percent in 2016, as continued low interest rates encourage investors to buy U.S. equities, although many investors are concerned about high valuations. The energy index fell 1.04 percent, hurt by a drop in oil prices after the U.S. government reported a surprise crude stockpile build
  
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• Wall St. falters as oil slide drags on energy shares

  10-08-2016 20:52 via news.yahoo.com
  
  NEW YORK (Reuters) - Oil prices fell on Wednesday on a surprise build in U.S. crude inventories, dragging on energy shares, and Wall Street stocks receded from record highs.
  
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• GBP/USD Technical Analysis: Clinging to the Big Figure at 1.3000

  10-08-2016 20:32
  The Bank of England unleashed a bazooka and this merely brought the Cable down to support. But after a follow-thru move on NFP, GBP/USD price action finds itselfat a key psychological level.
  
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• WTI Crude Oil Price Forecast: Here Comes the Flood of Supply

  10-08-2016 20:15
  Crude Oil (CFD: US Oil) Has Fallen Hard As More Oil Is Getting Produced & Shipped Than Consumed. Now, Bulls are Scared.
  
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• China’s Market News: CSRC Widely Cut Ratings of Securities Firms

  10-08-2016 20:03
  The securities regulator (CSRC) launched the second round of tightening in the equity market: This time securities companies have taken the hit.
  
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• NZD/USD Risks Near-Term Selloff on Prolonged RBNZ Easing-Cycle

  10-08-2016 19:45
  NZD/USD stands at risk of giving back the advance from earlier this year as the RBNZ is widely expected to further embark on its easing-cycle.
  
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• USD/CHF Technical Analysis: Lower-High Caution for Longs

  10-08-2016 19:36
  USD-Volatility is bringing messy price action to the Swissy, but the longer-term bullish posture remains as the longer-term higher-lows remain unfettered.
  
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• Wall Street bonuses expected to decline for bankers, traders: report

  10-08-2016 19:27 via news.yahoo.com
  
  (Reuters) - Wall Street bonuses are expected to decline this year for both bankers and traders, compensation consulting firm Johnson Associates Inc. said on Wednesday.
  
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• NZD/USD to Face-Off as Wheeler Deals Rate Cut

  10-08-2016 19:11
  Kiwi is currently holding near resistance despite expectations for a rate cut tonight. Here are the updated targets & invalidation levels that matter into the release.
  
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• UPDATE 1-Perrigo slashes full-year forecast again, shares plunge

  10-08-2016 18:53
  
  Aug 10 (Reuters) - Perrigo Co Plc slashed its
  full-year earnings forecast for the second time, citing pricing
  pressure in its generic drugs business, sending its shares down
  as much as 13 percent and...
  
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• Weak oil prices pull Wall Street away from record levels

  10-08-2016 18:48 via news.yahoo.com
  
  U.S. stock indexes retreated from record levels as a drop in oil prices pressured energy stocks. Oil prices fell 1.6 percent in choppy trading after the U.S. government reported a surprise crude stockpile build. The S&P 500 energy index fell 0.9 percent.
  
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• FTSE notches up fifth day of gains on firm financials

  10-08-2016 18:17 via news.yahoo.com
  
  By Sudip Kar-Gupta LONDON (Reuters) - Britain's top equity index rose on Wednesday in its fifth straight day of gains as stronger financial stocks offset weaker energy shares which tracked a pullback in oil prices. The blue-chip FTSE 100 index rose 0.2 percent to 6,866.42 points, near its highest level in 14 months. Financial stocks added the most points to the UK stock market, as insurer Prudential Plc advanced 2.2 percent, helping lift rivals such as Legal & General and Admiral , with Admi
  
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• Perrigo slashes full-year forecast again, shares plunge

  10-08-2016 18:13
  
  Aug 10 (Reuters) - Perrigo Co Plc slashed its
  full-year earnings forecast for the second time, citing pricing
  pressure in its generic drugs business, sending its shares down
  as much as 13 percent and...
  
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• Oil slides, drags on energy shares; dollar weakens

  10-08-2016 18:12 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - Oil prices fell on Wednesday after a surprise build in U.S. crude inventories, while the dollar gave up recent gains as investors awaited direction on a potential interest rate hike. Wall Street weakened in morning trading after oil turned lower, as energy shares dropped, with stocks losing steam after the Nasdaq and S&P 500 again set record highs on Tuesday. The Dow Jones industrial average fell 40.95 points, or 0.22 percent, to 18,492.1, the S&P
  
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• UK's FTSE notches up fifth day of gains on firm financials

  10-08-2016 18:11
  
  LONDON, Aug 10 (Reuters) - Britain's top equity index rose
  on Wednesday in its fifth straight day of gains as stronger
  financial stocks offset weaker energy shares which tracked a
  pullback in oil...
  
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• Nasdaq to launch incentives to spur trading in low-volume ETFs

  10-08-2016 17:50 via news.yahoo.com
  
  Nasdaq Inc NDAQ.O on Wednesday said it plans to increase the amount it pays to trading firms that support exchange-traded funds in an effort to make thinly traded ETFs easier to buy and sell. While there is ample trading liquidity in the most popular ETFs and other exchange-traded products (ETPs), many lesser-known names can be difficult to trade. Nasdaq plans to pay more to firms that support trading in lower-volume ETPs while reducing rebates for higher-volume ETPs, the exchange operator said
  
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• Wall Street drops as weak oil weighs on energy shares

  10-08-2016 17:42 via news.yahoo.com
  
  Wall Street was down on Wednesday as weak oil prices weighed on energy stocks, a day after the S&P 500 and the Nasdaq hit record highs. Oil prices fell 1.36 percent in choppy trading after the U.S. government reported a surprise crude stockpile build. The S&P 500 energy index fell 0.78 percent.
  
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• AUD/USD Reaches Highest Price Level in 3 Months

  10-08-2016 17:25
  AUD/USD has spurted higher reaching the highest price level seen in the past 3 months. The current price juncture is important as the pair tests a 5 year trend line.
  
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• UPDATE 4-Michael Kors comparable sales drop more than expected

  10-08-2016 17:18
  
  * To further reduce promotions next year - CEO(Adds details, CEO comments; updates shares)
  
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• NZD/USD Retail Sentiment Approaches 2016 Extreme Ahead of RBNZ

  10-08-2016 16:45
  Retail NZD/USD sentiment is approaching the most extreme reading for 2016, with the RBNZ widely anticipated to reduce the official cash rate in August.
  
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• Saudi to open stock market wider to foreigners on Sept. 4

  10-08-2016 16:27 via news.yahoo.com
  Saudi Arabia will ease restrictions on foreign investment in its securities markets next month, sooner than previously indicated, in an effort to attract more institutional money into its bourse, the regulator said on Wednesday. With oil prices sagging and the economy slowing, Saudi authorities are keen to attract more foreign capital into the kingdom. The stock market opened to direct investment by foreign institutions in June last year, but all types of foreign investor still own only 1.03 per
  
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• Bats Reports Strong Market Share Across All Markets in July; Remains #1 in U.S. ETF Trading, #1 Pan-European Stock Market

  10-08-2016 16:23 via news.yahoo.com
  KANSAS CITY, Mo. & NEW YORK & LONDON--(BUSINESSWIRE)-- Welcomes Three New ETF Issuers to the Bats ETF Marketplace in July Bats Global Markets, Inc. (Bats: BATS), a leading global exchange operator and ...
  
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• Wall Street flat as investors pause after record-setting day

  10-08-2016 15:56 via news.yahoo.com
  
  (Reuters) - Wall Street opened little changed on Wednesday as investors paused after a day when the S&P 500 and the Nasdaq hit record highs and the Dow closed 0.4 percent shy of its all-time high.
  
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• And it’s Gone: NFP-Bump Erased from the US Dollar

  10-08-2016 15:31
  While many markets are displaying typical 'summer trading' price action, the US Dollar continues to fall after the NFP-driven gains of last week.
  
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• Dow Jones Industrial Average Volatility Drops to 17 Month Lows

  10-08-2016 15:30
  Volatility in Dow Jones Industrial Average as measured through ATR is at its lowest level since March 2015.Previous periods of low volatility often led to dips in prices.
  
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• S&P 500: Go with the Flow and Take it Slow

  10-08-2016 14:49
  Market is trading in low gear, likely to continue for a while.
  
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• Analytical review of the stocks of JPMorgan Chase&Co. for 10.08.2016

  10-08-2016 14:38 via liteforex.com
  Forex analytics: JPMorgan Chase&Co., #JPM [NYSE] Finance, Banks, USAFinancial 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 - 11.16; ATR – 1.86.Analytical review:​The company ranks the fourth on capitalization in the sector of finance among the issuers ...
  
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• World stocks hit one-year high as U.S. data saps dollar, bond yields

  10-08-2016 14:27 via news.yahoo.com
  
  By John Geddie LONDON (Reuters) - World stocks hit a new one-year high on Wednesday, while the dollar and benchmark government bond yields sank and precious metals rose after weak U.S. productivity data again pushed back expectations of a Federal Reserve rate hike. Wall Street [.N] was expected to grind fractionally higher when it resumes, with jobs and housing market data on the agenda. Europe's main bourses were struggling with modest 0.3-0.4 percent losses due to weak company results [.EU], a
  
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• World stocks hit 1-year high as U.S. data saps dollar, bond yields

  10-08-2016 14:26 via news.yahoo.com
  
  By John Geddie LONDON (Reuters) - World stocks hit a new one-year high on Wednesday, while the dollar and benchmark government bond yields sank and precious metals rose after weak U.S. productivity data again pushed back expectations of a Federal Reserve rate hike. Wall Street[.N] was expected to grind fractionally higher when it resumes, with jobs and housing market data on the agenda. Europe's main bourses were struggling with modest 0.3-0.4 percent losses due to weak company results [.EU], al
  
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• USDOLLAR Falls Back after Bearish Key Reversal Yesterday

  10-08-2016 14:22
  The USDOLLAR Index is relatively flat, but that doesn't mean the individual components aren't moving. Two pique our interest at present time.
  
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• Pakistan shares close higher; rupee steady, o/n rates fall

  10-08-2016 14:15
  
  KARACHI, Aug 10 (Reuters) - Pakistan stocks edged up to a
  fresh record high on Wednesday led by foreign portfolio flows,
  dealers said.
  
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• EUR/USD: the USD is declining in the market Fundamental analysis for 10.08.2016

  10-08-2016 13:39 via liteforex.com
  Forex analytics: Traders are not in a hurry to close short positions on the USD, as strong labor market data cannot be the leading cause for the increase in rate in September, especially before the first debate between presidential candidates Hillary Clinton and Donald Trump, which is scheduled for September 26. According to the data released last Friday, the number of jobs outside agriculture sector in the USA ...
  
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• Futures tread water after S&P, Nasdaq hit record highs

  10-08-2016 13:26 via news.yahoo.com
  
  The Nasdaq marked a new closing high on Tuesday, while the S&P notched its fourth record intraday high for the month. Of the 447 S&P 500 companies that have reported results so far, 70 percent have beaten earnings expectations, according to Thomson Reuters I/B/E/S.
  
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• Global stocks ease back after earnings-driven gains

  10-08-2016 13:23 via news.yahoo.com
  
  SEOUL, South Korea (AP) — Global stocks mostly fell Wednesday, amid quiet summer trading and questions about the sustainability of some indexes' rise to record highs.
  
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• Silver Prices: Buy Low, Sell High, Do Nothing in the Middle

  10-08-2016 12:52
  Silver is range-bound, and as such traders must be selective in where to initiate trades.
  
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• EUR/USD: key level is 1.1170. Technical analysis for 10/08/2016

  10-08-2016 11:42 via liteforex.com
  Forex analytics: Review and dynamics The pair EUR/USD has been grown since the beginning of this week. Within three days the pair returned to resistance levels of 1.1155 (ЕМА144) and 1.1170 (ЕМА200 on the daily chart) due to strong US labor market data. Our opinion With the opening of today's trading the pair EUR/USD has gown due to weakening in the USD in the currency market. However, further growth ...
  
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• NZD/USD In the Spotlight With the RBNZ Rate Decision Ahead

  10-08-2016 11:41
  The NZD/USD push higher continues after finding support below 0.71 as the RBNZ rate decision puts the pair in focus
  
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• NZD/USD: breakout of the levels of 0.7240 is required Technical analysis for 10/08/2016

  10-08-2016 11:26 via liteforex.com
  Forex analytics: Review and dynamics At the beginning of August, the NZD/USD had broken out resistance level at 0.7240 (Fibonacci 38.2% of the upward correction to the decrease in pair from the level of 0.8800, since July 2014) but then declined, on the strong US labor market data released last Friday. Breakdown of the level 0.7240 was false. Earlier in July, the NZD/USD reached the level of 0.7300, which is ...
  
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• UPDATE 2-Interserve to exit energy-from-waste business after 70 mln stg charge

  10-08-2016 11:25
  
  * Shares up as much as 17.5 pct(Adds CEO comments, details, share movement)
  
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• NZD/USD: In anticipation of the meeting of RBNZ. Fundamental analysis for 10.08.2016

  10-08-2016 11:08 via liteforex.com
  Forex analytics: With the opening of today's trading day the USD fell against major currencies. Probability of the interest rate increase in the USA in September is now 18%. However, investors are not in a hurry to close short positions on the USD. Large-scale decline of the USD has triggered the rise in the pair NZD/USD since the opening of today's trading session. However, since the beginning of European ...
  
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• The DAX Erupts, Opens Path for Further Gains

  10-08-2016 10:37
  Big rally yesterday put the index above all major resistance, still looking for a weekly close above, but things shaping up positively big picture.
  
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• Analytical review of the currency pair AUD/USD for 10.08.2016

  10-08-2016 10:34 via liteforex.com
  Forex analytics: Technical data of the currency pair:Previous closing: 0.7672; Daily range: 0.7662-0.7708;Opening: 0.7672; 52- week range: 0.6824-0.7836;Annual revenue: +3.71%; Change in % for the previous day: +0.27.Analytical review:​Over the past two weeks the AUD has grown by over 200 points against the USD. Resistance and support levels for the pair are ...
  
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• Gold Prices Attempt Recovery, Crude Oil Eyes EIA Inventory Data

  10-08-2016 09:45
  Gold prices are attempting to stage a recovery amid broad-based US Dollar weakness while crude oil looks to weekly EIA inventory data for direction cues.
  
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• Asian markets slide following decline in US productivity for third straight quarter

  10-08-2016 09:43 via news.yahoo.com
  
  All Asian stock market indices were trading lower on 10 August. The Shanghai Composite was down 0.22% at 3,018.96 as of 6.02am GMT. This followed an unexpected drop in the US productivity figures for the April-June period.
  
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• US Dollar Under Fire, NZ Dollar Extends Gains into RBNZ Meeting

  10-08-2016 09:26
  The US Dollar is facing broad-based selling pressure while its New Zealand counterpart continues to rise despite calls for a rate cut at the looming RBNZ meeting.
  
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