Analyst news

• USD/CAD Technical Analysis: Resuming Test of Resistance

  14-02-2017 23:45
  While PM Trudeau & President Trump failed to spark volatility in the exchange rate, Yellen’s Testimony on Tuesday helped bring USD/CAD Back To Channel Resistance.
  
  Read more

• Fed's Yellen defends 'stress test' of Wall Street

  14-02-2017 22:59 via rocketnews.com
  
  WASHINGTON (Reuters) – A yearly checkup on leading Wall Street banks helps regulators protect the U.S. financial system and the reviews should be preserved, the Federal Reserve chair said on Tuesday.
  The largest 44 banks in the United States must satisfy regulators that they could weather a serious economic downturn in the annual ‘stress test’ administered by the Federal Reserve.
  “It’s been a cornerstone of our effort to improve supervision,” Fed Chair Janet
  
  Read more

• Trump rally pushes Goldman Sachs to record high as Buffett shares smash through $250,000 mark

  14-02-2017 22:52 via news.yahoo.com
  
  Goldman Sachs shares closed at a record high last night as expectations of higher interest rates and optimism about Donald Trump’s pledge to reverse costly regulation lifted bank stocks. Shares in the Wall Street giant finished up 1.3pc, at $249.46, eclipsing the pre-crisis record of $247.92 set in October 2007. The rise followed comments by Janet Yellen, the chairman of the Federal Reserve, that the strength of the world’s biggest economy was likely to prompt further interest rate r
  
  Read more

• Trump rally pushes Goldman Sachs to record high

  14-02-2017 22:52 via rocketnews.com
  Goldman Sachs shares closed at a record high last night as expectations of higher interest rates and optimism about Donald Trump’s pledge to reverse costly regulation lifted bank stocks.
  Shares in the Wall Street giant finished up 1.3pc, at $249.46, eclipsing the pre-crisis record of $247.92 set in October 2007.
  The rise followed comments by Janet Yellen, the chairman of the Federal Reserve, that the strength of the world’s biggest economy was likely to prompt further interest rate
  
  Read more

• Advertisement

• USD/JPY Technical Analysis: The Breakout Many Have Been Awaiting

  14-02-2017 22:35
  Yellen Gave USD The Boost Many Have Been Awaiting, And The Strong USD Shined Brightly Against the JPY Breaking Above Multiple Layers of Chart Resistance.
  
  Read more

• Apple, banks push Wall Street to all-time high

  14-02-2017 22:34 via news.yahoo.com
  
  (Reuters) - Major U.S. stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates.
  
  Read more

• Wall Street hits record, dollar climbs after Yellen remarks

  14-02-2017 22:31 via news.yahoo.com
  
  NEW YORK (Reuters) - Financial stocks lifted the S&P 500 to a record closing high for a fourth consecutive session on Tuesday and the dollar strengthened as U.S. Federal Reserve Chair Janet Yellen struck a hawkish tone on the timing of an interest rate hike.
  
  Read more

• This Wall Street veteran is changing the conversation about women, and men, investing

  14-02-2017 21:48 via news.yahoo.com
  
  Women should own it . It's a sentence up for interpretation. For Sallie Krawcheck, one of the most powerful women in finance and now CEO of women-focused investment platform Ellevest, it should definitely apply to stock, and it should also apply to behavior in the workplace.  SEE ALSO: Why this tech CEO is hopeful about the future of online publishing That's why Krawcheck titled her new book "Own It: The Power of Women at Work." It's a mix of personal anecdotes of her time on Wall Street an
  
  Read more

• Advertisement

• EDF shrinks dividends as weak energy markets drag on earnings

  14-02-2017 21:32 via news.yahoo.com
  
  EDF, the French energy giant building the new nuclear plant at Hinkley Point, plans to shrink its dividends for next year as it wrestles with the spiralling costs of maintaining its ageing nuclear fleet in France . The company issued three profit warnings last year following a string of unplanned nuclear plant shutdowns ahead of its €55bn nuclear upgrade programme. In the clearest sign that the financial pressure facing the group will continue EDF said it will cut its dividend ratio by over
  
  Read more

• Facebook launches app for watching its videos on TV

  14-02-2017 21:13 via news.yahoo.com
  
  (Reuters) - Facebook Inc is launching an app for smart TVs that will help the social network's users enjoy its videos on a bigger screen. The app will roll out soon from app stores for Apple TV, Samsung Smart TV and Amazon Fire TV, the company said in a blogpost on Tuesday. The Wall Street Journal reported last month that Facebook was creating an app for TV set-top boxes that would bring the company closer to live video and video advertisements.
  
  Read more

• Bats Global Markets Remained #1 European Stock Market in January; Reports 11.5% in U.S. Options, Nears Closing of CBOE Transaction

  14-02-2017 21:12 via news.yahoo.com
  
  KANSAS CITY, Mo. & NEW YORK & LONDON--(BUSINESSWIRE)-- Hotspot reports ADNV of $29.6 billion in January, Best in 11 Months Bats Global Markets, Inc. (Bats: BATS) today reported January volume and highlights, ...
  
  Read more

• Wall Street at record, dollar gains in wake of Yellen comments

  14-02-2017 20:25 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - Financial stocks propelled Wall Street to a record on Tuesday and the dollar strengthened as U.S. Federal Reserve Chair Janet Yellen struck a hawkish tone on the timing of an interest rate hike. Yellen told the U.S. Senate Banking Committee the central bank will likely need to raise interest rates at an upcoming meeting, although she expressed caution about the considerable economic policy uncertainty under the Trump administration. Financial stocks move
  
  Read more

• Apple and banks propel Wall Street to record high

  14-02-2017 20:24 via news.yahoo.com
  
  (Reuters) - Major U.S. stock indexes hit record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates.
  
  Read more

• Wall St. at record, dollar gains in wake of Yellen comments

  14-02-2017 20:20 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - Financial stocks propelled Wall Street to a record on Tuesday and the dollar strengthened as U.S. Federal Reserve Chair Janet Yellen struck a hawkish tone on the timing of an interest rate hike. Yellen told the U.S. Senate Banking Committee the central bank will likely need to raise interest rates at an upcoming meeting, although she expressed caution about the considerable economic policy uncertainty under the Trump administration. Financial stocks move
  
  Read more

• Apple hits intraday record high for first time since 2015

  14-02-2017 20:19 via news.yahoo.com
  
  Apple Inc shares hit an intraday record high on Tuesday for the first time almost two years as investors raised bets that a 10th anniversary iPhone will boost lackluster sales. The S&P 500's largest component has climbed 50 percent from lows in the first half of last year and is up 16 percent so far in 2017, with many investors betting that Apple will mark the iPhone's 10th anniversary with a dramatically improved model. Many on Wall Street also believe that strong sales of the iPhone 6S two
  
  Read more

• USD/JPY Clears Monthly Range, Trendline Resistance Ahead of U.S. CPI

  14-02-2017 20:11
  A near-term breakout has the focus on upcoming resistance levels. Here are the updated targets & invalidation levels that matter heading into tomorrow's data release.
  
  Read more

• Bank of Spain backs its officials over doomed Bankia listing

  14-02-2017 19:00 via news.yahoo.com
  
  The Bank of Spain said on Tuesday its staff had acted correctly in their oversight of Bankia and its ill-fated stock market listing, after a court said it would investigate several former officials at the central bank. A casualty of Spain's real estate crash, state-controlled Bankia had to be bailed out in 2012, less than a year after it was floated, causing losses for many ordinary Spaniards. Spain's High Court, which has been looking into who knew what about Bankia's troubled state before it w
  
  Read more

• NZD/USD Slides on Yellen’s Testimony

  14-02-2017 18:35
  The NZD/USD is trading to new February lows as the US Dollar firms on Fed Chair Yellen's testimony.
  
  Read more

• USD/CAD Snaps Back on Hawkish Yellen; Bearish Series at Risk

  14-02-2017 18:34
  USD/CAD may snap the recent series of lower highs & lows as Fed Chair Janet Yellen warns it ‘would be unwise’ to further delay the normalization cycle.
  
  Read more

• Wall Street slips on Yellen's rate hike comments

  14-02-2017 18:07 via news.yahoo.com
  
  Wall Street edged lower on Tuesday after Federal Reserve Chair Janet Yellen said the central bank will likely need to raise interest rates at an upcoming meeting, but expressed uncertainty over economic policy under the Trump administration. While President Donald Trump's pro-business stance sparked a record-setting rally in equities, he has given scant detail on his policies, giving the Fed limited visibility on the direction of the economy. "It is too early to know what policy changes will be
  
  Read more

• Forex Education: Trading Elliott Wave Zigzags

  14-02-2017 17:55
  Elliott Wave Theory can be difficult for newer traders to grasp. This webinar recording is the first of a multi-part series on learning to trade with EW.
  
  Read more

• US Dollar May Trend Lower versus Japanese Yen

  14-02-2017 17:30
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the USDJPY may continue lower.
  
  Read more

• S&P 500 Likely to Hit Fresh Record Highs

  14-02-2017 17:30
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the SPX500 may continue higher.
  
  Read more

• Retail FX Traders Buy into Euro Weakness - Contrarian Sell Signal

  14-02-2017 17:30
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the EURUSD may continue lower.
  
  Read more

• Gold Prices Forecast to Fall Further

  14-02-2017 17:30
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the XAUUSD may continue lower.
  
  Read more

• British Pound Likely to Trade Lower versus US Dollar

  14-02-2017 17:30
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the GBPUSD may continue lower.
  
  Read more

• Australian Dollar Expected to Appreciate further versus US Dollar

  14-02-2017 17:30
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the AUDUSD may continue higher.
  
  Read more

• US Dollar Rallies as Traders See a Hawkish Yellen at Senate Banking Panel

  14-02-2017 17:14
  The Fed Chair didn’t speak specifically to President Trump’s fiscal stimulus promises, but she didn’t have to in order to life the greenback.
  
  Read more

• Presidents’ Day US public holiday

  14-02-2017 16:26 via liteforex.com
  
  LiteForex trading hours amended on Presidents’ Day, 20.02.2017
  
  Read more

• Brexit Briefing: Politics Take a Back Seat to Economic Data

  14-02-2017 16:23
  The British Pound weakened Tuesday on economic data, rather than political noise for once, as the House of Lords Brexit debate on February 20 edges nearer.
  
  Read more

• Reuters poll - Chances of 4 percent U.S. economic growth this year low: economists

  14-02-2017 16:19 via news.yahoo.com
  
  The U.S. economy will get a small boost in 2017 from President Donald Trump's planned deregulation and fiscal stimulus, a Reuters poll showed, but economists said the probability of achieving 4 percent growth was low. The latest results showed a wide gap between economists, who were criticized for being too optimistic late in the last economic cycle, and market expectations that have sent bond yields and the U.S. dollar soaring and pushed Wall Street to record highs. Trump has promised sweeping
  
  Read more

• Wall Street flat ahead of Yellen testimony

  14-02-2017 15:51 via news.yahoo.com
  
  While President Donald Trump's pro-business stance sparked a record-setting rally in equities, he has given scant detail on his policies, giving the Fed limited visibility on the direction of the economy. Richmond Fed President Jeffrey Lacker said the central bank will likely have to raise rates more rapidly than the markets currently expect given that any new policies by the Trump administration, while uncertain, will force the Fed's hand. The Fed in December projected three rate hikes this yea
  
  Read more

• Tata Motors stock falls over 7 percent over weak Q3 earnings

  14-02-2017 15:49 via news.yahoo.com
  
  The stock which opened at Rs 503 level fell to intra-day low of Rs 468.30 after the earnings were announced around 3 pm. Before the earnings came out, the stock was trading at Rs 503 level.
  
  Read more

• Wall Street opens lower ahead of Yellen's testimony

  14-02-2017 15:36 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened slightly lower on Tuesday, with the "Trump rally" pausing ahead of a testimony by Federal Reserve Chair Janet Yellen that will be scrutinized for clues on the timing of the next interest rate hike.
  
  Read more

• Chances of 4 percent U.S. growth this year low: Economists via Reuters poll

  14-02-2017 15:35 via news.yahoo.com
  
  The latest results showed a wide gap between economists, who were criticized for being too optimistic late in the last economic cycle, and market expectations that have sent bond yields and the U.S. dollar soaring and pushed Wall Street to record highs. Trump has promised sweeping tax cuts for individuals and businesses, infrastructure spending, and deregulation to boost growth, which in the long recovery from the financial crisis has been weaker than in past expansions. Investors have taken tho
  
  Read more

• U.S. Dollar (DXY) Remains in Bear Flag as Yellen Takes Center Stage

  14-02-2017 15:28
  After a strong run-higher to finish 2016, the U.S. Dollar started 2017 on a very bearish note. February has seen a return of strength, but will Chair Yellen provide enough ammunition for bulls to continue driving?
  
  Read more

• MIDEAST STOCKS-Company earnings, news support UAE; Saudi, Egypt underperform

  14-02-2017 15:13 via news.yahoo.com
  
  * Dubai's DSI rises despite wider Q4 net loss * DXB Entertainments rises on first yearly revenue * Arabtec slides for second day * Dana Gas up on award in dispute with Kurdistan * Kuwait rises in heavy trade DUBAI, Feb 14 (Reuters) - Corporate earnings and other news from companies in Dubai helped that market rise on Tuesday, while Abu Dhabi was supported by earnings at Union National Bank and an arbitration judgement in favour of Dana Gas. The builder reported a net loss in the fourth quarter o
  
  Read more

• Donald Trump's US Treasury Secretary: Things you may not know about ex-Goldman banker Steven Mnuchin

  14-02-2017 14:47 via news.yahoo.com
  
  Donald Trump has just sworn in his new Treasury Secretary. Mr Mnuchin (pronounced min-new-chin) was on Monday night confirmed by the Senate as Treasury secretary with 53 to 77 votes. Mr Mnuchin spent more than a decade and a half at Wall Street bellweather Goldman Sachs, following in the footsteps of his father who was reportedly spent around three decades working for the bank.
  
  Read more

• CAC 40 Little Changed on Missed GDP Data

  14-02-2017 14:40
  The CAC 40 remains flat for the session, despite Euro-Zone GDP figures missing expectations.
  
  Read more

• DXY Peeks Over the Wall, but Yet to Clear Key Level

  14-02-2017 13:57
  The US Dollar continues to make strides towards establishing a bottom, but it's not quite there just yet.
  
  Read more

• EUR/USD Shrugs Off Weak Euro-Zone Economic Data

  14-02-2017 12:42
  Euro-Zone economic growth in the last quarter of 2016 has been revised downwards, industry output in December recorded its worst fall in more than four years and Germany’s ZEW index has dropped.
  
  Read more

• Silver Price Putting Up a Fight at the 200-Day

  14-02-2017 11:52
  Silver is holding up well against the widely-watched moving average, technical posturing points to higher prices.
  
  Read more

• EUR/GBP Recovers After UK Inflation Misses Expectations

  14-02-2017 11:20
  After nearing a fresh 2017 low pre-data release, EURGBP recovers as the latest UK inflation data fall short of market expectations.
  
  Read more

• Putting Wall Street First: GOP Attacks Plan to Help Millions Save for Retirement

  14-02-2017 11:15 via news.yahoo.com
  
  Republicans profess to believe in state’s rights. In fact, congressional Republicans are moving to stop California from a potential solution to one of the biggest challenges of the century: the retirement crisis. Golden State lawmakers asked a simple question: How can we stop the epidemic of people entering retirement with no savings, forced to live off meager Social Security benefits?
  
  Read more

• Credit Suisse to cut up to 6,500 jobs in 2017

  14-02-2017 11:07 via news.yahoo.com
  
  By Joshua Franklin ZURICH (Reuters) - Credit Suisse is to cut up to 6,500 jobs this year after reporting a 2.44 billion Swiss franc (2 billion pound) net loss for 2016, and said it was examining alternatives to a planned stock market listing of its Swiss business. Chief Executive Tidjane Thiam, who took over at Switzerland's second biggest bank just over 18 months ago, is shifting the group more towards wealth management and putting less emphasis on investment banking. "We're setting a target no
  
  Read more

• Toshiba chairman resigns amid mounting crisis as company delays earnings report

  14-02-2017 10:28 via news.yahoo.com
  
  Shares in Toshiba plunged 8%, after the Japanese conglomerate shocked investors by delaying a long-awaited financial update as it investigates its purchase of the US-based Westinghouse nuclear business. Toshiba's chairman Shigenori Shiga was expected to address investors after the update, but instead he offered his resignation after the company released a short statement saying it was "not ready" to publish its quarterly figures. "The delay shows that the company is in a mess," said Makoto Kikuc
  
  Read more

• FTSE 100 Tech Update: Bullish Pattern Remains in Play

  14-02-2017 10:17
  The UK index is still bullishly postured as long as it maintains outside of recently triggered formation.
  
  Read more

• Asian Markets Fade on US Dollar Weakness, Flynn Departure

  14-02-2017 09:29
  Asian markets found Thursday’s going tough thanks to a weaker US Dollar and worries about the stability of the Trump administration as a key aide steps down after less than a month on post.
  
  Read more

• Sensex, Nifty trade flat amid positive global cues

  14-02-2017 09:20 via news.yahoo.com
  
  While the Asian market edged to a 19-month high on Tuesday and Wall street hitting fresh a high in Monday's trade, the Indian stock market opened on the lower end.
  
  Read more

• Toshiba shares plunge 8 pct after audit woes delay earnings

  14-02-2017 09:07 via news.yahoo.com
  
  Japanese electronics and energy giant Toshiba Corp. delayed reporting its financial results by a month Tuesday, citing problems with its auditing. Toshiba stock tumbled 8 percent in Tokyo trading after ...
  
  Read more

Follow @news_analyst on Twitter!