Analyst news

• Stocks shine on Trump tax cut pledge

  10-02-2017 23:45 via news.yahoo.com
  
  New York (AFP) - Wall Street stocks hit records again Friday after President Trump's promise to announce action soon on tax cuts revived hopes for US growth policies under the new president.
  
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• US stock indexes extend climb into record heights

  10-02-2017 23:27 via news.yahoo.com
  
  Wall Street capped a week of milestones Friday with a rally that pushed the major stock indexes to all-time highs for the second day in a row.
  
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• Trump tax cut talk, China data spur risk rally

  10-02-2017 22:45 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - A key index of global equity markets rose to a 20-month high on Friday, with Wall Street shares hitting records for a second straight day, as investors continued to bask in the afterglow of U.S. President Donald Trump's promise of tax reform. The dollar hovered near an 11-day high against a basket of major rivals, as Trump and Japanese Prime Minister Shinzo Abe opened two days of talks looking to cement a decades-old alliance. The MSCI's world index , wh
  
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• Wall Street hits records again, boosted by Trump economy hopes

  10-02-2017 22:23 via news.yahoo.com
  
  The S&P 500 tallied its fourth straight session of gains, a day after Trump vowed a major tax announcement in the next few weeks. The benchmark S&P 500 has surged 8.3 percent since Trump's Nov. 8 election, fueled by expectations he will lower corporate taxes, reduce regulations and increase infrastructure spending. The rally had stalled amid concerns over Trump's protectionist stance and lack of clarity on policy reforms.
  
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• Top U.S. Federal Reserve official resigns as bank deregulation looms

  10-02-2017 21:30 via news.yahoo.com
  
  By Jason Lange and Lisa Lambert WASHINGTON (Reuters) - The top Federal Reserve official charged with bank regulation said on Friday that he would resign, giving President Donald Trump the ability to reshape the powerful board governing the U.S. financial system just as he begins revamping and undoing reforms put in place after the 2007-09 financial crisis. Daniel Tarullo, at the Fed since 2009, said in his brief resignation letter to Trump that he would leave the central bank "on or around April
  
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• Top Federal Reserve official resigns as bank deregulation looms

  10-02-2017 21:28 via news.yahoo.com
  
  The top Federal Reserve official charged with bank regulation said on Friday that he would resign, giving President Donald Trump the ability to reshape the powerful board governing the U.S. financial system just as he begins revamping and undoing reforms put in place after the 2007-09 financial crisis. Much of Tarullo's legacy involves erecting safeguards after the crisis and accompanying recession, where big banks crumbled or were driven by the Fed and U.S. Treasury into shotgun mergers intende
  
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• Technical Weekly: AUD/USD Pressing Massive Decision Zone

  10-02-2017 21:22
  AUD/USD weekly RSI has peaked at/near 60 on every bounce since after the 2011 peak. RSI at the 2 most recent lows (January 2016 and January 2017) are near 40, which is a positive.
  
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• Wall Street rises to records, spurred by Trump economy hopes

  10-02-2017 21:11 via news.yahoo.com
  
  Wall Street's main stock indexes set fresh record highs for a second day as a spike in oil prices supported energy shares and investors renewed their optimism about President Donald Trump's economic policy agenda. The S&P 500 was on track for its fourth straight session of gains, a day after Trump vowed a major tax announcement in the next few weeks. The benchmark S&P has surged more than 8 percent since Trump's Nov. 8 election amid expectations he will usher in lower corporate taxes, re
  
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• Crude Oil Price Forecast: Possibly The Most Encouraging Move of 2017

  10-02-2017 20:30
  After An Encouraging OPEC Compliance Report, Oil Looks To Be Pivoting Higher From Our Zone Of Focus, The Price Polarity Zone.
  
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• Trump's tax talk drives Wall Street to record high

  10-02-2017 19:01 via news.yahoo.com
  
  U.S. stocks hit record highs for the second day on Friday as investors remained upbeat about a tax reform plan that President Donald Trump vowed to unveil in the coming weeks. Trump's promise of a "phenomenal" tax plan helped reignite a post-election rally, which had stalled in recent weeks on concerns over his protectionist stand and the lack of clarity on policy reforms. "The market is saying, 'Thank you for coming back to the very core of the reasons we have accepted your agenda'," said Quinc
  
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• How to Analyze Ranges with RSI

  10-02-2017 19:00
  Ranging markets occur as price oscillates between support and resistance. As the markets range, traders can utilize RSI to pinpoint entries.
  
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• U.S. consumer sentiment falls as election euphoria fizzles

  10-02-2017 18:44 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer sentiment eased off a 13-year high in early February likely as some of the jubilation over Donald Trump's election victory ebbed, but it remained strong enough to suggest that consumers will continue to drive the economy. The jump in sentiment tracked a stock market rally as both consumers and investors focussed on the business mogul-turned politician's promises to cut taxes and reduce regulations. At a meeting with airline executives on Thu
  
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• Trump tax cut talk, Chinese data spur risk rally

  10-02-2017 17:47 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - Wall Street hit records highs for a second day and the dollar rose on hopes of business-friendly tax cuts, as upbeat Chinese trade data buoyed commodity-related shares in Asia and Europe. The equities boost continued a day after U.S. President Donald Trump said that in coming weeks he would announce something "phenomenal" in terms of tax, although he offered no further details. Renewed speculation that Trump's policies will help boost economic growth and infla
  
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• TSX posts record high as oil prices climb

  10-02-2017 17:19 via news.yahoo.com
  
  TORONTO (Reuters) - Canada's main stock index rose on Friday to an all-time high on strengthening oil prices and hopes of business-friendly tax cuts in the United States, while a surge in domestic jobs suggested the country's economy was picking up. At 10:40 a.m. ET (1540 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 87.25 points, or 0.56 percent, to 15,704.55, having breached its 15,685.13 peak from September 2014. U.S. President Donald Trump's promise of a "phenomenal" ta
  
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• To regain advertiser trust, Facebook is tracking ads by the millisecond

  10-02-2017 16:29 via news.yahoo.com
  
  You may scroll through something so fast on Facebook that you don't notice it. But Facebook wants every moment to count — at least in what it presents to advertisers.  The company announced Friday they will provide millisecond-level data for ads on Facebook, Instagram and its online ad ecosystem Audience Network.  SEE ALSO: Legal action over boxing livestream highlights Facebook's piracy problem Now, for the first time through Facebook, advertisers can see how long their ads were
  
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• Wall Street hits record high on Trump tax talk

  10-02-2017 16:00 via news.yahoo.com
  
  U.S. stocks hit record highs shortly after the open on Friday, a day after President Donald Trump said he would release a major tax reform plan in the coming weeks. Trump's promise of a "phenomenal" tax plan helped reignite a post-election rally, which had stalled in recent weeks on concerns over his protectionist stand and the lack of clarity on his policies. The biggest theme for investors is that Trump's tax plan will move quickly and he has always maintained that it is going to be very aggre
  
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• Silver Eyes Key Resistance- Weakness to Be Viewed as Opportunity

  10-02-2017 16:00
  Although the broader outlook remains constructive, prices are vulnerable near-term while below critical resistance. Here are the updated targets & invalidation levels that matter.
  
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• CAC 40 Little Changed to Close Trading Week

  10-02-2017 15:54
  The CAC 40 is set to close Friday's trading flat, as European markets remain quiet.
  
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• Wall Street hits record high as bank stocks rise

  10-02-2017 15:34 via news.yahoo.com
  
  (Reuters) - Wall Street's main indexes hit record highs shortly after the open on Friday, a day after President Donald Trump said he would release a tax reform plan in the coming weeks. The Dow Jones industrial average was up 36.59 points, or 0.18 percent, at 20,208.99, the S&P 500 was up 3.63 points, or 0.157288 percent, at 2,311.5 and the Nasdaq composite was up 10.18 points, or 0.18 percent, at 5,725.36.
  
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• Wall St. hits record high as bank stocks rise

  10-02-2017 15:34 via news.yahoo.com
  
  (Reuters) - Wall Street's main indexes hit record highs shortly after the open on Friday, a day after President Donald Trump said he would release a tax reform plan in the coming weeks.
  
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• Deutsche Boerse warns against hasty changes to U.S. banking rules

  10-02-2017 15:32 via news.yahoo.com
  
  German exchange operator Deutsche Boerse warned on Friday the United States should be cautious in any revamp of banking regulations to ensure the lessons of the financial crisis are not forgotten. U.S. President Donald Trump has ordered reviews of major banking rules that were put in place after the 2008 financial crisis, drawing fire from Democrats who said his order lacked substance and squarely aligned him with Wall Street bankers. Deutsche Boerse said in a statement that "sustainable growth
  
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• Wall Street set to open higher after Trump tax cut talk

  10-02-2017 15:06 via news.yahoo.com
  
  Wall Street looked set to open slightly higher on Friday, a day after its major indexes hit record highs on President Donald Trump's promise to unveil a tax reform plan in the coming weeks. Trump called his tax plan as "phenomenal", but offered no details other than citing the need to lower tax burden on businesses. The news helped reignite a post-election rally, which had stalled in recent weeks on concerns over Trump's protectionist stance and the lack of clarity on his policies.
  
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• USD/CAD Turns Ahead of Employment Data

  10-02-2017 14:21
  The USD/CAD turns from weekly highs ahead of this mornings employment data.
  
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• Silver Price Technical Update: Treading Water, USD Not Helping

  10-02-2017 13:46
  Silver is above key technical levels, but struggling to pick up momentum with the US dollar not helping matters...
  
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• Futures trading temporarily unavailable

  10-02-2017 13:44 via liteforex.com
  Temporary changes in the list of trading tools atLiteforex Europe (ex. Mayzus)
  
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• Stock futures edge up after Wall St. hits record high

  10-02-2017 13:33 via rocketnews.com
  
  By Yashaswini Swamynathan
  (Reuters) – U.S. stock index futures were slightly higher on Friday, a day after Wall Street hit record high on President Donald Trump’s promise to unveil a tax reform plan in the coming weeks.
  Trump called the tax plan as “phenomenal”, but offered no specifics other than citing the need to lower tax burden on businesses.
  The news helped reignite a post-election rally, which had stalled in recent weeks on concerns over Trump’s protectionis
  
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• NZD/USD Technical Analysis: Kiwi Nearing Three-Week Low

  10-02-2017 13:09
  The New Zealand Dollar turned downward against its US cousin as expected retesting trend line support-turned-resistance set from January 2016.
  
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• Brexit Briefing: GBP Jumps as UK Economic Data Beat Forecasts

  10-02-2017 12:30
  The British Pound strengthened in European trade Friday as another set of positive economic statistics illustrated once again the robustness of the UK economy in the wake of the British vote to leave the EU.
  
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• EUR/GBP Technical Analysis: Back at Familiar Range Floor

  10-02-2017 12:18
  The Euro is struggling to build downside momentum after seemingly resuming its longer-term bearish trend against the British Pound in late January.
  
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• European shares set for weekly gain as good earnings offset political worries

  10-02-2017 12:11 via news.yahoo.com
  
  By Danilo Masoni MILAN (Reuters) - European shares were slightly higher on Friday, on track to end the week in positive territory as healthy corporate earnings, solid economic data and merger activity helped set aside worries over the region's political stability. "Sentiment today is supported by good economic data from China, Italy and the UK ... but the week has seen ups and downs as investors seek reassurance that Europe will hold together," said Carlo Alberto De Casa, Chief Analyst at ActivT
  
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• Turkish wealth fund more akin to national development bank - S&P

  10-02-2017 11:33 via news.yahoo.com
  
  * Turkey does not fit category of conventional wealth fund nations * Fund regarded as 'quasi-fiscal instrument' * Balance of payments shock is larger risk to public finances (Adds quotes, details) ISTANBUL, Feb 10 (Reuters) - Turkey's new sovereign wealth fund is more akin to a national development bank, with its design suggesting an effort to create a funding vehicle by leveraging up assets, S&P analyst Frank Gill said on Friday. Turkey has transferred government stakes worth billions of do
  
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• Turkish wealth fund more akin to national development bank – S&P

  10-02-2017 11:33 via rocketnews.com
  
  * Turkey does not fit category of conventional wealth fund nations
  * Fund regarded as ‘quasi-fiscal instrument’
  * Balance of payments shock is larger risk to public finances (Adds quotes, details)
  ISTANBUL, Feb 10 (Reuters) – Turkey’s new sovereign wealth fund is more akin to a national development bank, with its design suggesting an effort to create a funding vehicle by leveraging up assets, S&P analyst Frank Gill said on Friday.
  Turkey has transferred government st
  
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• AUD/USD Technical Analysis: Marking Time Near 3-Month High

  10-02-2017 11:24
  The Australian Dollaris locked in a narrow range, digesting gains after jumping to the highest level in three months against its US counterpart.
  
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• FTSE 100 Popping out of Pattern, Sterling Weakness Helps

  10-02-2017 10:22
  The UK index is rising out of a bullish inverse H&S pattern, GBPUSD sporting a pattern pointing to losses.
  
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• Renault sets new mid-term goals after record earnings

  10-02-2017 09:42 via news.yahoo.com
  
  By Laurence Frost and Gilles Guillaume PARIS (Reuters) - French carmaker Renault posted record full-year sales and profits on Friday and set itself ambitious new mid-term goals for both after earnings were boosted by a comprehensive revamp of its product range. Operating profit jumped 38 percent to 3.282 billion euros in 2016 on 51.2 billion euros in revenue, up 13.1 percent, Renault said. The results were achieved "in spite of the fact that some of our important markets are still significantly
  
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• US Dollar Rebound, Yen Selloff May Continue on US Tax Cut Hopes

  10-02-2017 09:19
  The US Dollar rebounded while the Japanese Yen slumped as hopes for US tax cuts rekindled the so-called “Trump trade”. More of the same looks likely ahead.
  
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• USD/CAD to Stage Larger Recovery on Feeble Canada Employment Report

  10-02-2017 09:00
  A decline in Canada Employment may spur a larger recovery in USD/CAD especially as the pair preserves the upward trending channel carried over from 2016.
  
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• Asian Stocks Surge Thanks to Wall Street, China Trade Data

  10-02-2017 08:38
  Asian stocks were feeling pretty good about themselves as their trading week bowed out, thanks to a winning combination of Wall Street gains and strong local numbers, notably from China.
  
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• Asian stock markets gain following Trump's tax reform comments and positive Chinese data

  10-02-2017 07:35 via news.yahoo.com
  
  Asian stock market indices were trading higher on Friday (10 Feb), with the Shanghai Composite up 0.57% at 3,201.46 as of 5.36am GMT following US President Donald Trump's tax reform comments and positive Chinese data.
  
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• Gold Prices Slump as Tax Cut Hopes Revive the Trump Trade

  10-02-2017 07:08
  Gold prices slumped as the US Dollar marched higher alongside Treasury bond yields after the White House hinted at ambitious tax reform in the works, reviving the “Trump trade”.
  
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• Rupert Murdoch's News Corp posts $219m loss on impairment charges

  10-02-2017 06:58 via news.yahoo.com
  
  US media giant News Corp has reported a net loss of $219m (£175m) in the second quarter, mainly as a result of impairment charges in its Australian newspaper business. It is the second consecutive quarter in which the company has posted a loss amid declining advertising revenue at its news and information business. News Corp publishes several newspapers in the UK, US and Australia, including the Wall Street Journal, the Times and the Sun.
  
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• Turkey - Factors to Watch on Feb 10

  10-02-2017 06:09 via news.yahoo.com
  
  ISTANBUL, Feb 10 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Friday. The lira stood at 3.6865 against the dollar at 0509 GMT, almost unchanged from 3.6826 at Thursday's close. The yield on the benchmark 10-year bond was at 10.91 percent in spot trade on Thursday and edged down to 10.90 percent in Friday-dated trade. The main share index rose 0.66 percent to 88,830.21 points on Thursday. GLOBAL MARKETS Asian shares rallied to an 18-month peak on Frid
  
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• Asian shares scale 1-1/2-year peak on China trade, Trump's tax cut talk

  10-02-2017 05:16 via news.yahoo.com
  
  Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data and strong gains on Wall Street after U.S. President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses. China's January exports rose 7.9 percent from a year earlier, while imports jumped 16.7 percent, beating expectations, preliminary data showed, getting the economy off to a strong start in 2017. MSCI's broadest index of Asia-Pacific shares outside Japan wa
  
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• Australian Dollar Surges as China Trade Smashes Forecasts

  10-02-2017 05:02
  The Australian Dollar picked up steam at the end of a torpid week after January’s Chinese trade statistics blew past forecasters’ estimates.
  
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• Aussie Dollar Steady as RBA Walks Tightrope with Policy Statement

  10-02-2017 04:19
  The Australian Dollar rose moderately but stayed well within its weekly range after the Reserve Bank of Australia released monetary policy statement with something for everyone.
  
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• Asian shares probe 18-month highs, cheered by Trump's tax cut talk

  10-02-2017 01:45 via news.yahoo.com
  
  Asian shares were close to 18-month highs on Friday, tracking a rally on Wall Street after U.S. President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, testing its loftiest level since July 2015 touched a day earlier, and was on track to gain 1.1 for the week. Japan's Nikkei stock index surged 1.8 percent as it got a tailwind from a weaker yen, poised to added 1.8 percent
  
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• Republican plan would ease Wall Street rules, as party embraces deregulation

  10-02-2017 01:20 via news.yahoo.com
  
  The Republican chairman of a key House of Representatives committee has laid out his plan to roll back Wall Street rules and consumer protections conceived after the 2008 financial crisis, a step that will largely define the financial deregulation debate in the Trump era. Jeb Hensarling, chairman of the Financial Services Committee, outlined his legislation to clear away many rules bankers say have hobbled investment and economic growth in a staff memo seen by Reuters on Thursday. The plan comes
  
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• News Corp's adjusted profit edges past analysts estimates

  10-02-2017 01:12 via news.yahoo.com
  
  (Reuters) - News Corp , the owner of Dow Jones Newswires and book publisher HarperCollins, posted an adjusted profit that edged past analysts' estimates for the first time in three quarters as the drop in ad sales in its news business was offset by growth in its other businesses. Shares of the media conglomerate were up 1.6 percent at $12.59 after the bell on Thursday as investors looked past the Rupert Murdoch-controlled company posting its second straight quarterly net loss, which was mainly d
  
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