Analyst news

• Less-Dovish Reserve Bank of Australia (RBA) to Fuel AUD/USD Rebound

  31-10-2016 22:30
  AUD/USD may stage a larger rebound over the next 24-hours of trade should the Reserve Bank of Australia (RBA) endorse a wait-and-see approach for monetary policy.
  
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• Oil dips on OPEC output-cut concerns, stocks shaky

  31-10-2016 21:48 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - Oil prices fell sharply on Monday to touch a one-month low on doubts about OPEC's ability to implement its planned production cut, while global equity prices were shaky as Wall Street struggled to build on a sentiment boost from a string of M&A deals. Month-end rebalancing and uncertainty over next week's U.S. presidential election helped demand for bonds even as they posted a weak monthly performance. Oil prices dropped more than 3 percent on skepti
  
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• Wall St. ends flat amid election doubts, M&A flurry

  31-10-2016 21:27 via news.yahoo.com
  
  Wall Street ended barely changed on Monday as investors digested the latest large-scale corporate mergers as well as the most recent twist in a tumultuous U.S. presidential election. Stocks were jolted Friday by disclosure that the FBI was investigating more emails as part of a probe into Hillary Clinton's use of a private email system, injecting fresh uncertainty over the Democratic candidate's presumed lead in the presidential election over Republican rival Donald Trump. Opinion polls have sho
  
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• COT-Spooked Euro Speculators Sell Euro for 4th Straight Week

  31-10-2016 20:58
  Euro speculators sold the single currency on a net basis for the 4th consecutive week. The speculative short position is the largest since late January.
  
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• Euro Under Pressure as Euro-Zone Data Fail to Continue ’Beat’ Streak

  31-10-2016 20:00
  Weak growth and sluggish inflation in the Euro-Zone will cement expectations that ECB will extend stimulus.
  
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• Tesco faces £100m claim from investors over accounting scandal

  31-10-2016 19:53 via news.yahoo.com
  
  Tesco is facing a claim of more than £100m in damages by a group of investors who say the supermarket made misleading statements to the stock market. The group of 124 British institutional funds, who say they lost millions of pounds after Tesco mis-stated profits two years ago, are involved in the claim filed by law firm Stewarts Law at the high court in London on Monday. The action is being funded by Bentham Europe, a group that specialises in funding litigation and is ultimately controll
  
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• China’s Market News: Yuan Tests Near-Term Resistance Amid PBOC’s Talks

  31-10-2016 19:30
  Remarks from Chinese top policymakers kicked off the week; the offshore Yuan pulled back from the all-time low.
  
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• USD/CHF Technical Analysis: Pin Bar at Range Resistance

  31-10-2016 19:18
  Swissy has been trading in a range for much of this year; and prices have just run into a zone of resistance that's proven hard to break on multiple occassions.
  
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• Dollar Technical Analysis: DXY Retreats Ahead of FOMC And NFP

  31-10-2016 19:10
  The Market is looking past this week’s FOMC toward the November 8 election, as well as Non-Farm Payroll numbers and ISM.
  
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• AUD/USD Remains Constructive Above 7511 Heading into RBA

  31-10-2016 18:38
  The short-side is at risk heading into the RBA interest rate decision tonight. Here are the updated targets & invalidation levels that matter into the start of November trade.
  
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• M&A flurry lifts S&P, Nasdaq; Nike drags Dow

  31-10-2016 18:22 via news.yahoo.com
  
  The S&P 500 and the Nasdaq were slightly higher on Monday as a raft of deals lifted sentiment, even as investors remained cautious ahead of the outcome of the U.S. election next week. The Dow Jones Industrial average was little changed, weighed down by a 3 percent fall in Nike following a BofA Merrill Lynch downgrade. While Clinton had opened a recent lead over her unpredictable Republican rival Donald Trump in national polls, it had been narrowing even before the email controversy resurface
  
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• Crude Oil Price Forecast: Exemption Seekers Produce Sellers

  31-10-2016 18:20
  WTI Crude Oil Resumed Its Decline on Monday Falling By Over 2% After Weekend Reports Show More and More Are Wanting Exemptions From the OPEC Supply Cut.
  
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• USD/JPY Outlook Hinges on BoJ/Fed Policy; 105.40 Hurdle in Focus

  31-10-2016 17:40
  Fresh rhetoric from the BoJ and FOMC may heavily influence the near-term outlook for USD/JPY as the exchange rate trades around a key area of interest.
  
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• Dollar rebounds after Clinton probe shock, stocks steady

  31-10-2016 16:57 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - The dollar rebounded on Monday, shaking off concerns linked to an investigation that could influence the U.S. presidential election, while global equity prices steadied, helped by a buoyant Wall Street following a string of merger deals. Oil prices slid after non-OPEC producers failed to make any specific commitment to join the Organization of the Petroleum Exporting Countries in limiting output to support prices. The U.S. dollar rose against a basket of
  
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• Dollar rebounds after Clinton probe shock, global stocks steady

  31-10-2016 16:55 via news.yahoo.com
  
  The dollar rebounded on Monday, shaking off concerns linked to an investigation that could influence the U.S. presidential election, while global equity prices steadied, helped by a buoyant Wall Street following a string of merger deals. Oil prices slid after non-OPEC producers failed to make any specific commitment to join the Organization of the Petroleum Exporting Countries in limiting output to support prices. The U.S. dollar rose against a basket of major currencies on reduced worries over
  
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• Webinar: Key Trade Setups For November- Central Banks, NFP on Tap

  31-10-2016 16:46
  Webinar highlighting featured setups we’re tracking into the start of November trade and key event risk this week. Here are the updated targets & invalidation levels that matter.
  
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• US vote twist spooks stock markets

  31-10-2016 16:43 via news.yahoo.com
  
  Hong Kong (AFP) - Wall Street joined European and Asian stocks heading gently south Monday as the US presidential election race took a dramatic late twist.
  
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• Wall Street flat as investors hold off ahead of election

  31-10-2016 16:35 via news.yahoo.com
  
  While Clinton had opened a recent lead over her unpredictable Republican rival Donald Trump in national polls, it had been narrowing even before the email controversy resurfaced. An ABC News/Washington Post poll released on Sunday showed Clinton with a statistically insignificant 1-point national lead. "The narrowing of the polls is making the market a little bit nervous because it had priced in a Clinton victory," said Thomas Wilson, senior investment manager at Brinker Capital, Berwyn, Pennsyl
  
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• Sterling Underpinned by Speculation Swirling Around BOE Governor Carney

  31-10-2016 16:10
  Governor Carney’s current contract runs until 2018 but he has an option to extend it to 2021, which would leave him as the central bank chief during the upcoming Brexit negotiations.
  
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• Institutional funds file 100 million pounds damages claim against Tesco

  31-10-2016 16:07 via news.yahoo.com
  
  Some 125 institutional funds have filed a damages claim for more than 100 million pounds against British supermarket Tesco relating to its 2014 profit overstatement, the group coordinating the legal action said on Monday. Bentham Europe, which provides financial backing for group claims, said the legal action would seek to prove that Britain's biggest retailer breached the law by making misleading statements to the stock market that omitted material information and which were relied on by invest
  
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• Institutional funds file 100 mln stg damages claim against Tesco

  31-10-2016 16:06 via news.yahoo.com
  
  LONDON, Oct (HKSE: 3366-OL.HK - news) 31 (Reuters) - Some 125 institutional funds have filed a damages claim for more than 100 million pounds ($122 million) against British supermarket Tesco (Frankfurt: 852647 - news) relating to its 2014 profit overstatement, the group coordinating the legal action said on Monday. Bentham Europe, which provides financial backing for group claims, said the legal action would seek to prove that Britain's biggest retailer breached the law by making misleading stat
  
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• Institutional funds group together to file 100 million pounds damages claim against Tesco

  31-10-2016 15:30 via news.yahoo.com
  
  Some 125 institutional funds have filed a damages claim for more than 100 million pounds against British supermarket Tesco in relation to its 2014 profit overstatement, the group coordinating the legal action said on Monday. Bentham Europe, which provides financial backing for group claims, said the legal action will seek to prove that Tesco breached the Financial Services & Markets Act by making misleading statements to the stock market that omitted material information and which were relie
  
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• S&P, Nasdaq higher, Dow dragged down by Nike

  31-10-2016 15:06 via news.yahoo.com
  
  The S&P 500 and the Nasdaq rose on Monday as a string of M&A deals lifted investor sentiment while the Dow Jones Industrial average was little changed, weighed down by a downgrade of Nike. The raft of deals helped offset some jitters caused by the FBI's review of newly discovered emails related to Hillary Clinton's private server. Dow component General Electric was up 0.56 percent at $29.38 after it said it would merge its oil and gas business with oilfield services provider Baker Hughes
  
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• Gold Prices Open Lower Ahead of Wednesdays Rate Decision

  31-10-2016 15:00
  Gold Prices are trading in a declining wedge ahead of important market data from the Fed.
  
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• Gold, Yen, Oil in the Spotlight for a Heavy Week of Headlines

  31-10-2016 14:12
  This week was already going to be packed with drivers but with political issues flaring in both the United States and the U.K., this could become a bumpy ride.
  
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• Dollar shakes off Clinton FBI probe, stocks stay shaky

  31-10-2016 14:01 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - The dollar steadied but stock markets remained wobbly on Monday after news the FBI was investigating more emails linked to Hillary Clinton's use of a private server while she was secretary of state. The weakest German retail sales in two years, a dip in oil prices and one of the toughest month in years for bond markets all made for a shaky session in Europe, where the STOXX 600 index dropped 0.4 percent. Wall Street looked set for a subdued restart too, having be
  
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• Dollar shakes off Clinton FBI probe, global stocks stay shaky

  31-10-2016 13:59 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - The dollar steadied but stock markets remained wobbly on Monday after news the FBI was investigating more emails linked to Hillary Clinton's use of a private server while she was secretary of state. The weakest German retail sales in two years, a dip in oil prices and one of the toughest month in years for bond markets all made for a shaky session in Europe, where the STOXX 600 index dropped 0.4 percent. Wall Street looked set for a subdued restart too, having be
  
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• S&P 500: Election Volatility and Short-term Trading Levels

  31-10-2016 12:34
  Friday election headlines took election uncertainty to new heights, short-term levels outlined to start the week.
  
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• GBP & USD Emerge after Weekend of Tumult on the Newswires

  31-10-2016 12:30
  You might be surprised by the lack of damage to the British Pound and the US Dollar after a weekend of intense political developments on both sides of the pond relating to Brexit and the US Presidential elections.
  
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• DAX: Short-term Trading Levels in Play

  31-10-2016 10:57
  Price action has been generally choppy, but there are still constructs and levels on the short-term chart to trade off of.
  
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• Euro Looks to 3Q GDP Data to Revive Recovery

  31-10-2016 10:45
  The Euro is looking to third-quarter GDP data to reboot upside momentum as prices retreat from last week’s highs in Asian trading hours.
  
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• Crude Oil Prices Drop as OPEC Discord Scuttles Output Cut Talks

  31-10-2016 09:05
  Crude oil prices declined as bickering among OPEC members scuttled an output management deal between the cartel and external producers including Brazil and Russia.
  
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• Asian stocks struggle on US election worries

  31-10-2016 08:31 via news.yahoo.com
  
  Asian traders moved cautiously on Monday as news that the FBI would further probe Hillary Clinton's emails fuelled fresh uncertainty about the outcome of the US presidential election just eight days before the vote. Traders globally had broadly expected Democratic candidate and Wall Street favourite Clinton to sweep to victory, with her rival Donald Trump considered a loose cannon. The sell-off filtered through to Asia, where dealers are also nervously awaiting a series of key events this week,
  
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• Asian markets mixed as FBI set to review more emails related to Hillary Clinton

  31-10-2016 08:31 via news.yahoo.com
  
  Asian stock market indices were trading mixed on Monday (31 October) with the Shanghai Composite down 0.19% at 3,098.34 as of 6.32am GMT. This followed concerns over the latest emails recovered related to Hillary Clinton and weak economic data released by Japan.
  
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• Are there more gains to come from October’s stock market flyers?

  31-10-2016 08:15 via news.yahoo.com
  
  Could these three October winners deliver further big returns for investors?
  
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• Newly formed Aker BP beats third-quarter earnings forecast, sets dividend

  31-10-2016 08:14 via news.yahoo.com
  
  Norwegian oil firm Aker BP reported inaugural earnings ahead of analysts' expectations for the third quarter on Monday and said it would initially pay a dividend of at least $250 million (205 million pounds) per year. Formed in September through the combination of BP's Norwegian unit and Det norske oljeselskap, a firm controlled by investment firm Aker ASA , the new entity is owned 30 percent by BP and 40 percent by Aker. "The integration process continues to be on track," Aker BP said in a stat
  
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• MIDEAST STOCKS-Gulf markets may have soft tone on oil, earnings

  31-10-2016 06:50 via news.yahoo.com
  
  Gulf stock markets may have a soft tone on Monday after oil prices slipped overnight and a few high-profile companies in the region posted third-quarter earnings that were below or at the low end of forecasts. Brent crude oil is down 0.4 percent to $49.47 a barrel, while Asian stocks are moving sideways amid concern that Donald Trump is making gains in U.S. presidential election polling.
  
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• UPDATE 3-Japan's top 3 shippers to merge container ops amid downturn

  31-10-2016 06:08
  
  * Firms expect 84 bln yen combined loss in the current FY(Adds earnings details, comments)
  
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• UPDATE 1-China meets foreign insurers as part of crackdown on illegal HK sales-report

  31-10-2016 05:09
  
  * Illegal Hong Kong insurance sales to Chinese disrupting
  mkt-CIRC
  
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• GE nears about $30 billion deal with Baker Hughes: WSJ

  31-10-2016 05:02 via news.yahoo.com
  
  (Reuters) - General Electric Co is nearing an about $30 billion deal to merge its oil and gas business with Baker Hughes Inc , the Wall Street Journal reported on Sunday.
  
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• Most Asia markets down on US election uncertainty

  31-10-2016 04:04 via news.yahoo.com
  
  Asian stocks retreated on Monday as news that the FBI would further probe Hillary Clinton's emails fuelled fresh uncertainty about the outcome of the US presidential election just eight days before the vote. Traders globally had broadly expected Democratic candidate and Wall Street favourite Clinton to sweep to victory, with her rival Donald Trump considered a loose cannon. The sell-off filtered through to Asia, where dealers are also nervously awaiting a series of key events this week, includin
  
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• Qantas flags lower interim earnings

  31-10-2016 03:34 via news.yahoo.com
  
  Australian carrier Qantas flagged on Monday a hit to first half earnings with falling international airfares offsetting a decline in fuel prices. Qantas shares initially slumped more than nine percent, but rebounded in early afternoon trade to be 3.7 percent higher at Aus$3.05. "Like most carriers globally, we are seeing international airfares below where they were 12 months ago," he said in a trading update.
  
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• New Zealand Dollar Slips after Business Confidence Retraces

  31-10-2016 03:17
  The New Zealand dollar has taken a knock after a business confidence survey which, although weaker than its predecessor, didn’t look that bad.
  
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• Australia shares tepid on Wall Street losses; NZ down

  31-10-2016 02:47 via news.yahoo.com
  
  Australian shares were flat with an upside bias on Monday, after losses in financials were offset by gains in material stocks, but overall trading was subdued with sentiment weakened by a lower close on ...
  
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• Japan's Nippon Yusen, Mitsui OSK, Kawasaki to hold news conference, shares jump

  31-10-2016 02:28
  
  TOKYO, Oct 31 (Reuters) - Shares of Japanese shippers Nippon
  Yusen KK, Mitsui OSK Lines Ltd and Kawasaki
  Kisen Kaisha Ltd jumped almost 10 percent on Monday
  after the three companies said their...
  
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• EUR/USD Technical Analysis: Larger Recovery Hinted Ahead

  31-10-2016 01:59
  The Euro turned higher against the US Dollar as expected after finding support having hit a seven-month low below the 1.09 figure.
  
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