Analyst news

• Wall Street extends Fed-fuelled rally; Nasdaq hits new high

  22-09-2016 22:31 via news.yahoo.com
  
  U.S. stocks climbed on Thursday, with big tech names leading broad gains, building on strength from a day earlier that was fuelled by the Federal Reserve's decision to stand pat on interest rates. The S&P 500 tallied its best two-day performance in more than two months, while the Nasdaq closed at a record high. Fed Chair Janet Yellen said on Wednesday that U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fuelling high inflation.
  
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• Wall Street extends Fed-fueled rally; Nasdaq hits new high

  22-09-2016 22:23 via news.yahoo.com
  
  The S&P 500 tallied its best two-day performance in more than two months, while the Nasdaq closed at a record high. Fed Chair Janet Yellen said on Wednesday that U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fuelling high inflation. The Dow Jones industrial average rose 98.76 points, or 0.54 percent, to 18,392.46, the S&P 500 gained 14.06 points, or 0.65 percent, to 2,177.18 and the Nasdaq Composite added 44.34 points, or 0.8
  
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• GBP/AUD at Risk for Key Reversal Above 1.6977

  22-09-2016 21:22
  GBP/AUD is responding to a critical daily support range heading into the close of the week. Here are the updated targets & invalidation levels that matter.
  
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• EUR/JPY Technical Analysis: BoJ Brings Range Support

  22-09-2016 20:48
  EUR/JPY has been confined to range-like conditions for the past seven weeks, and the Bank of Japan just helped to bring on support at a key Fibonacci level.
  
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• Wall Street builds on Fed-fuelled rally; Nasdaq hits new high

  22-09-2016 20:44 via news.yahoo.com
  
  U.S. stocks climbed on Thursday, led by big tech names, building on gains from a day earlier that were fuelled by the Federal Reserve's decision to stand pat on interest rates. The S&P 500 was on pace for its best two-day performance in more than two months, while the Nasdaq set a new intraday high. Fed Chair Janet Yellen said on Wednesday that U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fuelling high inflation.
  
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• Wall Street builds on Fed-fueled rally; Nasdaq hits new high

  22-09-2016 20:43 via news.yahoo.com
  
  The S&P 500 was on pace for its best two-day performance in more than two months, while the Nasdaq set a new intraday high. Fed Chair Janet Yellen said on Wednesday that U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fuelling high inflation. The Dow Jones industrial average rose 71.26 points, or 0.39 percent, to 18,364.96, the S&P 500 gained 9.78 points, or 0.45 percent, to 2,172.9 and the Nasdaq Composite added 32.97 points,
  
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• CAD Rally Looks to CPI, Retail Sales for Fuel

  22-09-2016 19:50
  A break of the weekly opening range shifts the focus lower ahead of key CAD data. Here are the updated targets & invalidation levels that matter heading into the release.
  
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• China’s Market News: FX Regulator Eyes on Overseas M&A, Stock Delisting

  22-09-2016 19:40
  China’s forex regulator has raised concerns on capital outflows driven by two types of moves.
  
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• Wall Street extends rally after Fed rate decision

  22-09-2016 19:38 via news.yahoo.com
  
  U.S. stocks marched higher on Thursday, with the Nasdaq hitting a record intraday high, as investors cheered the Federal Reserve's decision to not raise interest rates. While the Fed said the risks to economic outlook were roughly "balanced", it left rates unchanged for want of "further evidence of continued progress". The Fed also slowed the pace of future hikes and cut its longer run interest rate forecast, but sent a strong signal for a rate hike by the end of this year.
  
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• USD/JPY Outlook Turns Bearish as BoJ Endorses ’Yield Curve Control’

  22-09-2016 19:30
  USD/JPY remains at risk for further losses following the BoJ rate-decision as the pair breaks down from a near-term holding pattern.
  
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• US Fed holds rates but signals hike could come later this year

  22-09-2016 18:22 via rocketnews.com
  
  Stock market investors have piled in after the US Federal Reserve confirmed it would wait longer to lift interest rates.
  Financial markets, which were watching closely for any sign of a clear timing for rate increase in the world’s biggest economy, responded with the dollar losing value – standing at about $1.31 versus the pound.
  Stocks surged across the US, Asia and Europe.
  The FTSE 100 pushed past the 6,900 barrier to close 77 points, or 1.1%, up at 6911.
  London-lis
  
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• Wall Street rally continues after Fed rate decision

  22-09-2016 17:28 via news.yahoo.com
  
  While the Fed said the risks to economic outlook were roughly "balanced", it left rates unchanged as inflation continued to run below its 2 percent target and members saw room for improvement in the labor market. The Fed also slowed the pace of future hikes and cut its longer run interest rate forecast, but sent a strong signal for a move by the end of this year. The consensus among economists is for a hike in December as the Fed's November meeting comes right around the U.S. Presidential electi
  
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• Nasdaq hits record high after Fed leaves rates unchanged

  22-09-2016 16:16 via news.yahoo.com
  
  The Nasdaq hit a record intraday high on Thursday amid broad gains in U.S. stocks, a day after the Federal Reserve stood pat on interest rates. While the risks to economic outlook were roughly "balanced", the Fed maintained rates as inflation continued to run below its 2 percent target and members saw room for improvement in the labor market. The central bank slowed the pace of future hikes and cut its longer run interest rate forecast to 2.9 percent from 3 percent, but sent a strong signal for
  
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• Gold Prices Pop after Fed, But Remain in Bearish Channel

  22-09-2016 15:20
  Gold prices caught another quick and aggressive top-side move yesterday as USD sold off on the Fed, but this might not be a lasting move and Gold prices are still in the two-month old bull flag formation.
  
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• LT US Dollar Potential Damaged, Even as Fed Hints at Dec Hike

  22-09-2016 14:20
  The Fed slashed its 2016 GDP, long-run GDP, 2016 PCE, and 2017 Core PCE forecasts - none of which are good for the US Dollar's bullish potential over the next few months.
  
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• Soothing Fed lifts stocks, Wall Street eyes record highs

  22-09-2016 14:03 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - Wall Street had record highs back in its sights on Thursday as world shares and bonds rallied after the Federal Reserve signalled an increasingly cautious approach to future U.S. rate increases. European markets followed Asia's lead, with Britain’s FTSE 100 climbing 1.3 percent and Germany’s DAX and France’s CAC 40 both jumping almost 2 percent ahead of what was expected to be a third day of gains in New York. The yen also hit a four-week high o
  
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• Soothing Fed lifts world stocks, Wall Street eyes record highs

  22-09-2016 14:01 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - Wall Street had record highs back in its sights on Thursday as world shares and bonds rallied after the Federal Reserve signalled an increasingly cautious approach to future U.S. rate increases. European markets followed Asia's lead, with Britain’s FTSE 100 climbing 1.3 percent and Germany’s DAX and France’s CAC 40 both jumping almost 2 percent ahead of what was expected to be a third day of gains in New York. The yen also hit a four-week high o
  
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• Nasdaq Trades to New Record Highs, S&P 500 Looking to Follow

  22-09-2016 13:33
  Nasdaq leads the way, S&P 500 breaks decisively, pointed towards new highs.
  
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• UPDATE 1-UnitedHealth trims drug coverage, including Sanofi insulin

  22-09-2016 12:04
  
  Sept 22 (Reuters) - UnitedHealth Group, the largest
  U.S. health insurer, will stop covering several brand-name drugs
  as of next year, reinforcing a trend of payers steering
  prescriptions to...
  
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• Silver Prices Zip Higher to Trend-line Resistance

  22-09-2016 12:01
  Race higher from support is seeing the metal at important trend-line resistance.
  
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• The New War on Drugs: How to Fight Back When Big Pharma Goes Too Far

  22-09-2016 12:00 via news.yahoo.com
  
  When the Occupy Wall Street movement emerged as the voice of the “99 percent” of Americans who were hit hardest by the Great Recession, the protest put a spotlight on big banks and financial service companies. Some of the banks were dicing and splicing subprime mortgages into what were ersatz mortgages and selling them to other banks in the U.S. and globally. Today, except for the recent Wells Fargo mess, the banks have been swept off the front pages by another business sector &mdash
  
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• UPDATE 3-Rocket Internet trims losses, increases debt buyback

  22-09-2016 11:46
  
  * H1 aggregate revenue up 32 pct to 1.043 bln euros(Updates shares, adds comments from analyst call)
  
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• Gold Prices May Struggle After Largest Gain in 2 Weeks

  22-09-2016 11:40
  Gold prices posted the largest gain in two weeks following the FOMC policy announcement but the move may struggle for follow-through going forward.
  
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• USD/JPY Outlook Post Fed and BOJ as Skepticism Rises

  22-09-2016 11:29
  The USD/JPY is approaching the 100 level again after yesterday’s Fed and BOJ policy announcements as the market digests the implications going forward
  
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• Soothing Fed gives stocks their mojo

  22-09-2016 10:59 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - World shares and bonds rallied on Thursday, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of future hikes, weakening the dollar and lifting commodity prices. European markets followed Wall Street and Asia's lead with Britain’s FTSE 100 climbing 0.6 percent and Germany’s AX and France’s CAC 40 both rising a full 1 percent. Oil and commodities firms gained the most as oil and metal prices rose, while the weakened
  
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• FTSE 100 Tech Update: Trades at Crossroads

  22-09-2016 10:53
  The UK index is pitted up against a confluence of resistance, how it retraces, should it, will be our tell.
  
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• UPDATE 1-Danish transport giant Maersk to spin off energy operations

  22-09-2016 10:20
  
  COPENHAGEN, Sept 22 (Reuters) - Rocked by low freight and
  oil prices, Denmark's A.P. Moller-Maersk will split
  into separate transport and energy divisions under a
  keenly-anticipated revamp announced...
  
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• Britain's FTSE rises as Fed's update buoys mining stocks

  22-09-2016 10:14
  
  LONDON, Sept 22 (Reuters) - Britain's top shares index
  climbed on Thursday, heading for its highest level so far in
  2016, after the Federal Reserve's decision to keep U.S. interest
  rates on hold...
  
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• European shares rally as Fed keeps rates unchanged

  22-09-2016 09:40 via news.yahoo.com
  
  European shares climbed higher in early trading on Thursday, mirroring gains on Wall Street and Asia, after the U.S. Federal Reserve left interest rates unchanged and projected a less aggressive path for hikes next year and in 2018. The Fed, however, strongly signalled it could still tighten monetary policy by the end of this year as the labour market improved further. Fed Chair Janet Yellen said U.S. growth was looking stronger and rate increases would be needed to keep the economy from overhea
  
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• MIDEAST STOCKS-Gulf markets climb in line with global shares

  22-09-2016 09:34 via news.yahoo.com
  
  Stocks in the Gulf climbed in early trade on Thursday, taking their cue from Asian shares and Wall Street, after the Federal Reserve left U.S. interest rates unchanged and indicated a slower pace of future hikes. Dubai's main index was the top gainer among its regional peers, jumping 1.1 percent as nine-tenths of the traded shares rose. Emaar Properties, the largest listed developer, climbed 2.2 percent, and Dubai Investments gained 2.0 percent.
  
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• UPDATE 3-KDB to extend $45 mln credit line to help unload Hanjin cargo

  22-09-2016 09:23
  
  * KDB credit line comes after Korean Air agrees to provide
  funds
  
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• Euro, Pound May Fall on Brexit Fears as Post-FOMC Optimism Fades

  22-09-2016 08:32
  The Euro and British Pound may decline as comments from ECB and BOE officials stoke Brexit-related worries while the post-FOMC swell in risk appetite may falter.
  
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• Asian shares soar, dollar falters on slow-motion Fed

  22-09-2016 08:13 via news.yahoo.com
  
  By Nichola Saminather and Wayne Cole SINGAPORE/SYDNEY (Reuters) - Asian shares rallied on Thursday, taking their cue from Wall Street, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of future hikes, knocking the dollar and lifting commodity prices. MSCI's broadest index of Asia-Pacific shares outside Japan extended gains to 1.2 percent in its sixth straight session of increases, just 0.9 percent shy of its one-year high touched earlier this month. Asia's strong
  
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• US Fed decision to keep rates unchanged boosts Asian stock markets

  22-09-2016 08:08 via news.yahoo.com
  
  Asian stock market indices were trading higher on Thursday (22 September), with the Shanghai Composite up 0.75% at 3,048.61 as of 4.56am GMT, following the US Federal Reserve's decision to keep interest rates steady.
  
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• USD/CNH Technical Analysis: Pair Finding Support After Fed Decline

  22-09-2016 06:55
  The USD/CNH has found support around 6.6700 after losing ground following the Fed Rate Decision, but resistance looks significant
  
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• Asian shares surge, dollar falters on slow-motion Fed

  22-09-2016 05:43 via news.yahoo.com
  
  By Nichola Saminather and Wayne Cole SINGAPORE/SYDNEY (Reuters) - Asian shares rallied on Thursday, taking their cue from Wall Street, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of future hikes, knocking the dollar and lifting commodity prices. MSCI's broadest index of Asia-Pacific shares outside Japan extended gains to 1.3 percent in its sixth straight session of increases, just 1.1 percent shy of its one-year high touched earlier this month. Asia's strong
  
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• AUD/USD Technical Analysis: Eyeing Resistance Near 0.77 Again

  22-09-2016 04:05
  The Australian Dollar is setting its sights on a test of key resistance near 0.77 against its US namesake having found support at long-standing trend line.
  
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• Asian shares surge, dollar lags on slow-motion Fed

  22-09-2016 03:34 via rocketnews.com
  
  By Nichola Saminather and Wayne Cole
  SINGAPORE/SYDNEY (Reuters) – Asian shares surged on Thursday, taking their cue from Wall Street, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of future hikes, slugging the dollar and lifting commodity prices.
  MSCI’s broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> advanced 0.9 percent in its sixth straight session of gains, just 1.1 percent off its one-year high touched earlier this mon
  
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• Hanjin Shipping shares rally 28 pct after Korean Air approves lending

  22-09-2016 02:26
  
  SEOUL, Sept 22 (Reuters) - Hanjin Shippingshares surged as much as 28 percent in morning trade on Thursday
  after the board of Korean Air Lines, its biggest
  shareholder, approved lending 60 billion...
  
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• EUR/USD Technical Analysis: Near-Term Bias Remains Bearish

  22-09-2016 01:57
  Euro technical positioning seems to argue for a cautiously bearish trend bias against the US Dollar in the near term.
  
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• Crude Oil Prices Rose After EIA Reported Inventory Drop

  22-09-2016 01:51
  Crude oil prices rose following the release of the EIA’s weekly inventory report. Stockpiles fell by 6.2 million barrels versus expectations for a 3.3 million barrel gain.
  
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• New Zealand Dollar Falls as RBNZ Hints at Rate Cut on the Horizon

  22-09-2016 01:17
  The New Zealand Dollar declined as the RBNZ hinted that measures to cool the housing market may allow for a rate cut sooner than previously expected.
  
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• UPDATE 1-Brazil's Vale shares jump on talk of fertilizer unit sale

  22-09-2016 01:14
  
  SAO PAULO, Sept 21 (Reuters) - Shares in Brazil's Vale SA
  rose the most in almost 15 weeks on Wednesday on speculation the
  world's largest iron ore producer would announce the partial
  sale of a unit...
  
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