Analyst news

• Technical Weekly: Dollar Does Damage

  18-11-2016 22:49
  The US Dollar Index is trading at its best level since April 2003. USD/JPY tells the story though. The cross has rallied over 7.5% in the last 2 weeks. The only other comparable 2 week advance was in January 1988.
  
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• Wall Street slips, led by healthcare decline

  18-11-2016 22:46 via news.yahoo.com
  
  By Sinead Carew NEW YORK (Reuters) - U.S. stocks ended lower on Friday, with healthcare stocks leading the declines, as investors cashed in on a post-election rally and waited for clarity on the next administration's policies. Wall Street equities took a breather after rising dramatically since Donald Trump's surprise victory in the presidential election last week. While the three major indexes closed higher for the second week in a row, the rally lost some steam this week as investors awaited m
  
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• Dollar strongest in 13 years; bond yields rise

  18-11-2016 22:28 via news.yahoo.com
  
  A growing perception that the economic policies of U.S. President-elect Donald Trump will lift consumer prices pushed the dollar higher. On Wall Street, the tech- and biotech-heavy Nasdaq Composite hit a record intraday high before slipping lower. "The economy does still have to catch up to valuation, considering yields are higher and they're continuing to rise." The Dow Jones industrial average fell 35.89 points, or 0.19 percent, to 18,867.93, the S&P 500 lost 5.22 points, or 0.24 percent,
  
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• Crude Oil Prices Close Weekly Trading Higher

  18-11-2016 20:59
  Crude Oil prices are set to close the week higher despite being sold off initially on statements from Janet Yellen.
  
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• CAC 40 Closes Slow Trading Week Unchanged

  18-11-2016 19:32
  The CAC 40 closes trading for the week relatively unchanged.As prices consolidate, traders await the Index's next breakout.
  
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• Gold Prices Run Towards Big Support at $1,200; Is a Break Imminent?

  18-11-2016 18:55
  The U.S. Dollar's rampage has dented many markets, sending Gold prices towards long-term support values. And with so much interest around such a level, there are likely a plethora of stops just below.
  
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• South Africa's rand recoups losses, market eyes local rates decision

  18-11-2016 18:39 via news.yahoo.com
  
  South Africa's rand recouped earlier losses against the dollar on Friday, with investors opting to head into the weekend on neutral ground ahead of next week's domestic rates decision. Traders and analysts say the rand is looking oversold after slumping from last week's high of 13.1725 in an emerging market sell-off triggered by Donald Trump's surprise victory in the U.S. presidential election on Nov. 8. Gold stocks were the weakest performers on South Africa's stock market, with Harmony Gold fa
  
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• Dollar strongest since 2003; bond selloff resumes

  18-11-2016 18:39 via news.yahoo.com
  
  A growing perception that the economic policies of U.S. President-elect Donald Trump will lift consumer prices pushed the dollar higher, weighing on crude and other commodities. On Wall Street, the tech- and biotech-heavy Nasdaq Composite hit a record intraday high before slipping lower. "Equities are generally expected to move sideways until we get a little more of visibility into what some of the policies are going to be with the new administration." The Dow Jones industrial average fell 39.48
  
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• Gazprom's London trading unit lays off 20 pct of workforce - WSJ

  18-11-2016 18:28 via news.yahoo.com
  
  The London-based trading unit of Russia's Gazprom Pao has laid off about 20 percent of its workforce, including at least six directors, the Wall Street Journal reported on Friday. The job cuts by Gazprom Marketing & Trading include 170 people in London and followed a cost savings review by consultancy Oliver Wyman, the WSJ said, citing two people familiar with the matter. Gazprom, which had about 462,400 employees as of Dec. 31, and other oil and gas companies have been hit by a 60 percent s
  
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• Gazprom's London trading unit lays off 20 pct of workforce – WSJ

  18-11-2016 18:28 via rocketnews.com
  
  A general view shows the headquarters of Gazprom in Moscow, Russia, June 30, 2016. REUTERS/Maxim Shemetov/File Photo
  MoreREUTERS – The London-based trading unit of Russia’s Gazprom Pao has laid off about 20 percent of its workforce, including at least six directors, the Wall Street Journal reported on Friday.
  The job cuts by Gazprom Marketing & Trading include 170 people in London and followed a cost savings review by consultancy Oliver Wyman, the WSJ said, citing two people fami
  
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• Wall Street slips; indexes still near record highs

  18-11-2016 17:20 via news.yahoo.com
  
  The Nasdaq hit a record high earlier in the session, helped by a rise in Microsoft and other big tech stocks. U.S. stocks had been on a tear since Donald Trump's surprise victory in the presidential election last week as his proposals to increase infrastructure spending and reduce taxes are seen benefiting the economy. The rally lost steam this week as investors took to the sidelines, awaiting more clarity regarding Trump's policies.
  
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• GBP/USD Eyes ’Flash Crash’ Low Ahead of U.K. Budget Statement

  18-11-2016 17:00
  GBP/USD may continue to give back the rebound from the ‘Flash Crash’ as it threatens the upward trending channel carried over from the previous month.
  
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• Canadian Dollar Falls on In-Line Consumer Price Index

  18-11-2016 15:51
  Canadian inflation data came in mostly in-line with expectations, with some slight misses.
  
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• Bats Reports New Record in U.S. Options Trading in October

  18-11-2016 15:40 via rocketnews.com
  
  KANSAS CITY, Mo., NEW YORK & LONDON–(BUSINESSWIRE)–
  Remains #1 in U.S. ETF Trading; #1 Pan-European Stock Market
  Bats Global Markets, Inc. (Bats: BATS) today reported October data and highlights, including a new record month for U.S. options trading at 11.8% and strong single-leg equity options market share at 18.2%.
  During the month, Bats also announced the successful migration of BZX Options to Bats’ next generation matching engine. Both Bats’ options markets now o
  
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• Wall Street opens flat, indexes near record highs

  18-11-2016 15:34 via rocketnews.com
  
  The Snapchat logo is seen on a banner outside the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2016. REUTERS/Brendan McDermid
  MoreREUTERS – U.S. stocks opened little changed on Friday, with all three major indexes near record highs, a day after Federal Reserve Chair Janet Yellen sent a strong signal that interest rates would be increased next month.
  The Dow Jones industrial average rose 4.11 points, or 0.02 percent, to 18,907.93, the S&P 500 gained 0.77 points, o
  
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• European Central Bankers and German FinMin Steer Clear of Brexit, Trump Controversy

  18-11-2016 15:30
  Germany’s Finance Minister, the head of Germany’s Bundesbank and the President of the European Central Bank all avoid commenting on the twin market concerns about Brexit and the policies of US President-Elect Donald Trump.
  
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• EUR/USD Testing Bear Flag Support

  18-11-2016 15:16
  As the U.S. Dollar rampage has continued this week, long-term support levels have come back into play on EUR/USD. With a batch of GDP numbers on deck for next week, we'll likely see some continued interest around the pair in this upcoming holiday-shortened week.
  
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• Wall Street closes in on record high

  18-11-2016 14:58 via news.yahoo.com
  
  U.S. stocks looked set to open little changed on Friday, with all three major indexes near record highs, a day after Federal Reserve Chair Janet Yellen sent a strong signal that interest rates would be increased next month. The Fed could raise rates "relatively soon", Yellen said in a congressional testimony on Thursday, adding that she would serve out her term. Traders are pricing in an 83 percent chance of a December move, according to Thomson Reuters data.
  
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• Euro Under Pressure as ECB’s Draghi says More is Needed

  18-11-2016 14:55
  The Euro continues to fall against the US Dollar on Draghi‘s call for continued monetary support as inflation proves elusive
  
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• The S&P 500 Looking to Join the Dow, Russell 2k to New Highs

  18-11-2016 14:07
  The path of least resistance is higher, the S&P and Nasdaq are making up lost ground.
  
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• Global Markets - Dollar charges to 14-year high, bond tantrum in full swing

  18-11-2016 14:05 via news.yahoo.com
  
  By Dhara Ranasinghe LONDON (Reuters) - The dollar climbed to its highest level in almost 14 years against a basket of currencies on Friday, while U.S. bond yields were set for their biggest fortnightly rise in 13 years on bets U.S. inflation and interest rates are headed higher. A growing perception that the economic policies of U.S. President-elect Donald Trump will push up consumer prices helped put the dollar on track for its biggest two-week rise against Japan's yen in almost 30 years. Europ
  
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• Dollar charges to 14-year high, bond tantrum in full swing

  18-11-2016 14:03 via news.yahoo.com
  
  By Dhara Ranasinghe LONDON (Reuters) - The dollar climbed to its highest level in almost 14 years against a basket of currencies on Friday, while U.S. bond yields were set for their biggest fortnightly rise in 13 years on bets U.S. inflation and interest rates are headed higher. A growing perception that the economic policies of U.S. President-elect Donald Trump will push up consumer prices helped put the dollar on track for its biggest two-week rise against Japan's yen in almost 30 years. Europ
  
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• EUR/USD Extends Losses on Yellen’s Commentary

  18-11-2016 13:49
  The EUR/USD trades to new monthly lows on Commentary from Janet Yellen. As the trend extends, traders continue to look for price support.
  
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• EUR/GBP Technical Analysis: Trying to Clear Path Below 0.84

  18-11-2016 11:13
  The Euro has dropped to the lowest level in two months against the British Pound, with prices attempting to clear a path below the 0.84 figure.
  
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• Crude Oil Prices Drop as Yellen Comments Outweigh OPEC Optimism

  18-11-2016 10:16
  Crude oil prices fell as Saudi optimism about the viability of an OPEC output cut accord was overshadowed by hawkish comments from Fed Chair Janet Yellen.
  
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• FTSE 100 Trading Heavy at Support

  18-11-2016 10:02
  The UK index is lagging severly behind other global indices, has support, but buyers not responding...
  
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• BRIEF-Monte dei Paschi shares volatile in early trade

  18-11-2016 09:07
  
  * Banca Monte dei Paschi di Siena shares rise 2.8 percent in
  early trade; later the stock pares its gains and up 0.4 percent
  by 0806 GMT
  
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• Sticky Canada CPI to Foster Larger USD/CAD Pullback

  18-11-2016 09:00
  Signs of sticky price growth in Canada may foster a larger pullback in USD/CAD as it limits the Bank of Canada’s (BoC) scope to further embark on its easing-cycle.
  
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• Yellen Inspires US Dollar to Push Higher, Hit 13-Year High

  18-11-2016 08:40
  The US Dollar rose to the highest level in 13 years against an average of its top counterparts after comments from Fed Chair Janet Yellen struck a hawkish tone.
  
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• UPDATE 1-South Africa's Dis-Chem Pharmacies dips on market debut

  18-11-2016 08:27
  
  JOHANNESBURG, Nov 18 (Reuters) - South African drug store
  chain Dis-Chem made its debut on the Johannesburg
  bourse on Friday, with its shares opening at 23.26 rand and
  valuing it at around 20 billion...
  
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• HK-Shenzhen stock link to start in days as China opens up markets more

  18-11-2016 07:06 via news.yahoo.com
  
  * Shenzhen scheme to start in a few days: HKEX CEO * Shenzhen offers world's largest untapped opportunity: HSBC * Investment flows into HK from China may continue to outpace (Adds investor comments, Shenzhen market size) Nov 18 (Reuters) - A long-awaited stock trading link between Hong Kong and Shenzhen will go live in coming days, the CEO of Hong Kong's bourse said, further opening up China's capital markets to global investors and giving them access to some of its fastest growing companies. Wi
  
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• Asian markets mixed following Janet Yellen saying rates could be increased 'relatively soon'

  18-11-2016 06:57 via news.yahoo.com
  
  Asian stock market indices were trading mixed on Friday (18 November) with the Shanghai Composite down 0.25% at 3,200.50 as of 4.49am GMT. This followed Janet Yellen, chairwoman at the US Federal Reserve, speaking in favour of raising interest rates.
  
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• Rising U.S. yields help dollar to 13-1/2 year high, Asian shares slip

  18-11-2016 04:58 via rocketnews.com
  
  By Hideyuki Sano
  TOKYO (Reuters) – Asian share markets weakened on Friday as rising U.S. bond yields carried the dollar to a more than 13-1/2 year high against a basket of major currencies, fuelled by expectations that President-elect Donald Trump’s policies will lead to higher interest rates.
  The post-election shift in expectations has left Asian stocks vulnerable to investors potentially rotating funds out of emerging markets to the United States.
  MSCI’s broadest index of As
  
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• Rising U.S. yields help dollar to thirteen-and-half year high, Asian shares slip

  18-11-2016 04:55 via rocketnews.com
  
  By Hideyuki Sano
  TOKYO (Reuters) – Asian share markets weakened on Friday as rising U.S. bond yields carried the dollar to a more than 13-1/2 year high against a basket of major currencies, fuelled by expectations that President-elect Donald Trump’s policies will lead to higher interest rates.
  The post-election shift in expectations has left Asian stocks vulnerable to investors potentially rotating funds out of emerging markets to the United States.
  MSCI’s broadest index of As
  
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• NZD/USD Technical Analysis: Eyeing Key Support Above 0.69 Figure

  18-11-2016 04:34
  The New Zealand Dollar continued to push lower against its US namesake as expected after breaking rising trend line support in play since the beginning of the year.
  
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• HKEx CEO Li says trading link with Shenzhen to go live in days

  18-11-2016 03:46 via news.yahoo.com
  
  (Adds HKEx CEO comments, last year's China stock market tumble) Nov 18 (Reuters) - A long-awaited stock trading link between Hong Kong and Shenzhen will go live "in a few more days," Charles Li, the chief executive of Hong Kong Exchanges and Clearing Ltd, said on Friday, further opening capital markets in the world's second-largest economy to international investors. The launch will extend an existing trading link between Hong Kong and Shanghai, allowing foreign investors to trade stocks in Shen
  
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• UPDATE 3-Salesforce's revenue forecast beats estimates, shares rise

  18-11-2016 03:34
  
  SAN FRANCISCO, Nov 17 (Reuters) - Salesforce.com Incon Thursday forecast current-quarter revenue above analysts'
  estimates as it closed deals for itscloud-based sales and
  marketing software with...
  
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• REFILE-UPDATE 2-Salesforce's revenue forecast beats estimates, shares rise

  18-11-2016 03:18
  
  Nov 17 (Reuters) - Salesforce.com Inc on Thursday
  forecast current-quarter revenue above analysts' estimates as
  more businesses adopted its cloud-based sales and marketing
  software, sending its...
  
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