SAO PAULO, Jan 25 (Reuters) - Brazil's Finance Minister Henrique Meirelles said on Thursday that recent statements by the U.S. Treasury Secretary about the dollar would impact its exchange rate over the short term. Many emerging currencies hit multi-year highs against the greenback Thursday, with the dollar index languishing at more than three-year lows after U.S. Treasury Secretary Steven Mnuchin...Read More

Earlier today, the greenback declined to the lowest level against the Swiss franc since mid-September 2017, which resulted in a small drop under the long-term support line. Is this a sign of bigger move to the downside or just a trap?EUR/USD The first thing that catches the eye on the daily chart is a tiny breakout above the upper border of the blue consolidation and a fresh 2018 high. Although th...Read More

Health technologies large and small were in focus on Thursday.Smith & Nephew PLC (LON:SN), the replacement hip and knee joints specialist, was up 3.9% at 1,290p, topping the Footsie, after JP Morgan Cazenove abandoned its neutral position on the stock and recommended its clients be overweight the stock.Cazenove has increased its price target to 1,411p from 1,369p.Somewhat further down the scal...Read More

Weight Watchers International, Inc. (NYSE:WTW) is trading lower today, after Oprah Winfrey clarified that she was not interested in a presidential run in 2020. Considering Winfrey holds a major stake in WTW, the stock is down 3.3% on the news to trade at $65.15 today, on track for its worst single-day session of the new year, and put traders are pouncing. WTW's struggles today may not be entirel...Read More

* Trump says wants to see a strong dollar* Mnuchin says U.S. does not want trade war* European finance ministers express concern about trade war (Adds market action following Trump's comment, dollar index movement and background)By Noah Barkinand Yara BayoumyDAVOS, Switzerland, Jan 25 (Reuters) - U.S. President Donald Trump said on Thursday he ultimately wants the dollar to be strong, lifting the...Read More

WASHINGTON (Reuters) - The United States would stay in the Trans-Pacific Partnership, also known as TPP, if American negotiators were able to create a better agreement, U.S. President Donald Trump said on Thursday.“I would do TPP if we made a much better deal than we had. We had a horrible deal,” Trump said in an interview with CNBC from the World Economic Forum in Davos, Switzerland.R...Read More

* Trumps says he wants strong dollar* U.S. 7-year note auction results show strong demand* ECB's Draghi says euro zone inflation to rise in medium term (Recasts, adds comment, 7-year note auction results, Trump's dollar remarks; updates table, prices in text)By Gertrude Chavez-DreyfussNEW YORK, Jan 25 (Reuters) - U.S. Treasury debt prices rose on Thursday, boosted by solid demand for 7-year notes...Read More

The U.S. stock market has carved out fresh all-time highs today on the back of some well-received blue-chip earnings. Among individual equities making big moves are biotech Summit Therapeutics PLC (NASDAQ:SMMT), cloud concern Nutanix Inc (NASDAQ:NTNX), and Rubbermaid parent Newell Brands Inc (NYSE:NWL). Here's a quick look at how shares of SMMT, NTNX, and NWL are trading.Summit Therapeutics Gaps A...Read More

Gold settled at a level not seen in more than a year on Thursday, as prices built on a steep rally a day earlier, fueled by weaker-dollar sentiment from the Trump administration. But prices for the precious metal moved lower in electronic trading Thursday afternoon as a leading index for the U.S. dollar clawed back up from their lowest levels in three years after President Donald Trump told CNBC...Read More

(Adds detail)LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday it was experiencing intermittent technology problems that are indirectly affecting its ability to process a limited number of transactions for wholesale counterparties."We have implemented workarounds to enable the Bank to operate as normal, including completing wholesale transactions in as timely a way as possible,...Read More

Cigarette stock Philip Morris International Inc. (NYSE:PM) is sinking today, on news a Food and Drug Administration (FDA) panel voted against the company's health claim for its electronic smoking devices. Sector peer Altria Group, Inc. (NYSE:MO) is getting pulled lower, too, as a result. Yet a closer look at PM and MO proves analysts and options traders are expecting the stocks to go higher. At la...Read More

(Kitco News)- Gold prices have fallen to session lows as President DonaldTrump showed his support for a strong U.S. dollar.In an interview with CNBC at the World Economic Forum inDavos Switzerland, Trump said that he wants to see a stronger U.S. dollar,adding that Wednesday’s comments from Treasury Secretary Steven Mnuchin weretaken out of context.“The dollar is going to get stronger a...Read More

(Kitco News) - Gold prices have fallen to session lows as President Donald Trump showed his support for a strong U.S. dollar.In an interview with CNBC at the World Economic Forum in Davos Switzerland, Trump said that he wants to see a stronger U.S. dollar, adding that Wednesday’s comments from Treasury Secretary Steven Mnuchin were taken out of context.“The dollar is going to get stron...Read More

With earnings season underway, we decided it would be beneficial to explore one way options traders can profit from a big stock move in either direction. Today, we will be looking into a strategy called the long straddle. A long straddle consists of buying a call option and a put option with the same strike and expiration date. This essentially takes direction out of the equation, so the position...Read More

Yesterday, gold won an influential supporter in the White House. Who is he? The Enemy of Gold’s Enemy Is Gold’s Friend As the ancient proverb goes, my enemy’s enemy is my friend. Although it is usually employed in foreign policy, this concept also applies to finance. Given the negative correlation between the greenback and gold, the enemies of the U.S. dollar are generally gold&...Read More

Cabot Energy Plc (LON:CAB) chief executive Keith Bush tells Proactive Investors their evolution into a significant producer has begun.Bush says production averaged 827 barrels of oil per day through the first half of January, and output for 2017 averaged 400 bopd.Cabot's now targeting between 1,600 bopd and 2,000 bopd by the end of 2018 - with guidance set at 1,000 bopd to 1,200 bopd on average fo...Read More

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday it was experiencing intermittent technology problems that are indirectly affecting its ability to process a limited number of transactions for wholesale counterparties."We have implemented workarounds to enable the Bank to operate as normal, including completing wholesale transactions in as timely a way as possible," the cen...Read More

(Kitco News)- Gold prices are starting the new year in stellar fashionand investors should see further gains throughout the year, according toanalysts at GFMS Thomson Reuters.In its fourth quarter 2017 Gold Survey, publishedThursday, the research team said that they could see prices rallying to $1,500an ounce at some point in 2018 with gold averaging the year at $1,360 an ounce. “We believe...Read More

(Kitco News) - Gold prices are starting the new year in stellar fashion and investors should see further gains throughout the year, according to analysts at GFMS Thomson Reuters.In its fourth quarter 2017 Gold Survey, published Thursday, the research team said that they could see prices rallying to $1,500 an ounce at some point in 2018 with gold averaging the year at $1,360 an ounce. “We bel...Read More

* No formal deal on Grasberg copper mine, but talks positive - CEO* Temporary permit extended to June* Freeport Q4 profit beats forecasts (Recasts; adds executive comments from conference call, details on potential permit deal)By Susan TaylorTORONTO, Jan 25 (Reuters) - Freeport-McMoRan Inc said it was edging closer to a permit deal with Indonesia for its massive Grasberg mine, but the world's seco...Read More