Analyst news

• U.S. dollar strong, crude oil falls, global stocks hold up despite earnings

  19-10-2015 23:39 via news.yahoo.com
  
  By Sam Forgione NEW YORK (Reuters) - The U.S. dollar rose against the euro on Monday, ahead of a European Central Bank meeting later this week, while stocks on major world markets ended little changed despite further news of slowing Chinese economic growth. U.S. stocks ended little changed but investors concern about the poor quality of third quarter earnings reports. "People are waiting for an onslaught of earnings," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virg
  
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• U.S. dollar strong, crude oil falls, stocks hold up despite earnings

  19-10-2015 23:36 via news.yahoo.com
  
  NEW YORK (Reuters) - The U.S. dollar rose against the euro on Monday, ahead of a European Central Bank meeting later this week, while stocks on major world markets ended little changed despite further news of slowing Chinese economic growth.
  
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• WTI Crude Oil Price Forecast: Watching Symmetry with Q1 Breakout

  19-10-2015 21:37
  
  WTI Crude Oil price has recently respected resistance as shown via the 200-day moving average as well as the Ichimoku cloud.
  
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• Brakes Turns To Cooper To Lead £2bn Flotation

  19-10-2015 20:44 via news.yahoo.com
  
  Britain's biggest food distributor is turning to a former builder's merchant to spearhead a London stock market listing that will value it at more than £2bn. Sky News understands that Geoff Cooper, who previously ran Travis Perkins before taking on a number of non-executive roles, is in advanced talks about becoming non-executive chairman of Brakes Group. Mr Cooper's appointment, which could be confirmed as soon as this week, is the clearest sign to date that Brakes is planning a flotation
  
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• Webinar: ECB/BoE Playbook- EUR/GBP Shorts Target Key Support Zone

  19-10-2015 20:28
  
  With BoE testimony and the ECB meeting on tap, the EUR/GBP setup remains in focus. Here are the updated pairs, targets & invalidation levels that matter.
  
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• Gold Price Outlook: New Support at Old Resistance

  19-10-2015 20:06
  
  In our last article, we looked at the vigorous top-side price action being seen in Gold while the US Dollar melted down as a 2015 rate hike was getting priced further and further into the future (now it�s looking more like March-June 2016 for that first rate hike). As mentioned, traders should exercise caution as the five consecutive days of run higher had left near-term price action divorced from any nearby swing-lows; making it very difficult to line up risk management levels for bullis
  
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• COT - USD Smallest Speculative Long Position Since December

  19-10-2015 20:00
  
  Large US Dollar speculators hold their smallest long position since December. Is this a larger behavior change (topping process) or ‘just a dip’?
  
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• EUR/JPY Technical Analysis: Long Setup Available Off of Support

  19-10-2015 19:29
  
  In our previous piece, we looked at the move lower in EUR/JPY after two targets were met on a previous short-position. And since that writing, EUR/JPY has continued to trade around the support level that had furnished those targets, and this continued support could open the door for long positions.
  
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• GBP/USD Holds Range Ahead of BoE Testimony- RSI Trigger on Tap?

  19-10-2015 19:00
  
  Hawkish comments from the BoE may spark a further advance in GBP/USD as the pair threatens the bearish RSI momentum from earlier this year.
  
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• Dow, S&P 500 lower on oil prices; Morgan Stanley weighs

  19-10-2015 18:53 via news.yahoo.com
  
  A swathe of weak quarterly results led by Morgan Stanley and a slide in commodity prices weighed on the Dow and S&P 500 indexes, while a rebound in healthcare and biotech stocks sent the Nasdaq composite higher. Exxon and Chevron fell 2 percent and were the biggest drags on the S&P 500 and the Dow Jones industrial average. Morgan Stanley's shares fell as much as 6.9 percent to $31.60 after the bank's profit fell for the second straight quarter, capping mostly downbeat quarterly results f
  
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• Price & Time: S&P 500 At Time Resistance This Week

  19-10-2015 18:50
  
  Instruments covered today: S&P 500
  
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• GBP/USD Technical Analysis: Cable at Resistance, Again

  19-10-2015 18:29
  
  After last week's robust employment report out of the UK, GBP/USD finds itself trading at resistance yet again.Traders looking to buy Dollars may be able to pick on a strong Sterling.
  
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• S&P unlikely to change India's rating till at least 2016

  19-10-2015 17:57 via news.yahoo.com
  
  By Suvashree Choudhury and Rafael Nam MUMBAI (Reuters) - Standard & Poor's kept India's sovereign rating at the lowest investment grade of "BBB-minus" and a "stable" outlook, saying factors such as its sound external position were offset by low income and weak public finances. The decision is bound to disappoint Prime Minister Narendra Modi's government, which has argued that India deserves a stronger rating after efforts to keep historically high fiscal deficits in check and to improve econ
  
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• Dow, S&P 500 fall after Morgan Stanley results; oil slips

  19-10-2015 17:56 via news.yahoo.com
  
  The Dow and S&P 500 indexes were lower on Monday after a slide in oil prices and a swathe of weak quarterly results led by Morgan Stanley but a recovery in healthcare and biotech stocks pushed the Nasdaq Composite up. Exxon's 1.4 percent fall to $81.30 weighed the most on the S&P 500 while Chevron fell 1.7 percent to $89.71 to be the biggest drag on the Dow Jones industrial average. Morgan Stanley's shares fell as much as 6.9 percent to $31.60 after the bank's profit fell for the second
  
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• Morgan Stanley's weak results send its shares plunging

  19-10-2015 17:50 via news.yahoo.com
  
  Wall Street bank Morgan Stanley reported a quarterly profit that fell far short of market expectations and offered little hope that things would improve anytime soon, capping a generally gloomy quarter for big U.S. banks. Morgan Stanley's profit slumped for the second straight quarter, as uncertainty about the timing of a U.S. interest rate hike and worries about China's cooling economy sent shudders through global markets. Chief Financial Officer Jonathan Pruzan offered a subdued outlook for th
  
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• Factbox - Wall Street and commodity risk: Morgan Stanley risk rises

  19-10-2015 16:57 via news.yahoo.com
  
  Morgan Stanley's earnings from fixed-income and commodities fell sharply to $918 million in the third quarter, down 19 percent from a year ago, as the bank's quarterly profit dropped 42 percent. The results come after a slump in China's stock market and worries over sluggish growth in the world's second-biggest economy triggered a fresh rout across the industrial material sector. The VaR is often a key risk-reward indicator that can measure the commodities exposure of Wall Street banks, as they
  
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• S&P retains India rating, unlikely to change till at least 2016

  19-10-2015 16:29 via news.yahoo.com
  
  Indians' low incomes, high government debt and supply constraints are the key barriers to an improvement in the country's sovereign rating, said Standard & Poor's in a release on Monday. S&P retained its lowest investment grade BBB- rating with a 'stable' outlook on India and said it was unlikely to change the rating until at least next year. "The stable outlook balances India's sound external position and inclusive policymaking traditions against the vulnerabilities stemming from its lo
  
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• Chinese Growth Falls Below 7% for First Time Since Financial Collapse

  19-10-2015 15:53
  
  Chinese growth fell below the economy's 7% growth target for the first time since the Financial Collapse; but does this signify a 'hard landing' for China?
  
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• United says to release more details about CEO's hospitalization

  19-10-2015 15:51 via news.yahoo.com
  
  Munoz, 56, suffered a heart attack last Thursday less than two months after becoming CEO of United, the second largest U.S. airline by capacity, according to a source familiar with the matter. The company said on Monday it will finish the "corporate governance process" brought about by Munoz's hospitalization, but did not elaborate. United did not inform investors of Munoz's hospitalization until the Wall Street Journal reported it on Friday.
  
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• Energy stocks lead an early decline on Wall Street; Oil down

  19-10-2015 15:42 via news.yahoo.com
  
  NEW YORK (AP) — Energy stocks are leading an early decline on Wall Street as the price of oil turns lower.
  
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• Morgan Stanley quarterly profit drops 42 percent, shares plunge

  19-10-2015 15:36 via news.yahoo.com
  
  Wall Street bank Morgan Stanley reported a quarterly profit that fell far short of market expectations, capping a generally downbeat quarter for big U.S. banks after investors fled the bond, currency and commodity markets. Morgan Stanley's profit slumped for the second straight quarter, as uncertainty about the timing of a U.S. interest rate hike and concerns about China's cooling economy sent shudders through global markets. The bank, whose shares fell as 6.3 percent to $31.81 in early trading
  
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• Morgan Stanley results wipe gains off European stocks

  19-10-2015 15:07 via news.yahoo.com
  
  European stock markets struggled and Wall Street looked set to open lower on Monday after U.S. bank Morgan Stanley reported a slump in quarterly profit, adding to signs of woe among the world's biggest banks. The record third-quarter loss reported by Germany's Deutsche Bank earlier this month has refocused investors' minds on the big global banks after a decade of financial strife, regulation and technology-driven change. Morgan Stanley's profit plunged 42 percent , capping a generally downbeat
  
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• Fantasy fights and sham shoot-ups lure investors to E-sports stocks

  19-10-2015 14:44 via news.yahoo.com
  
  * London hosted "League of Legends" ESports event this weekend * Analysts, investors eye ways to play trend on the stock market * Tencent Holdings, Activision, Ubisoft among favoured stocks By Sudip Kar-Gupta LONDON, Oct 19 (Reuters) - Paying to watch people play computer games may seem curious to some, but it is catching on not only in sporting arenas but also on the stock market and business world. While many financiers have been glued to the Rugby World Cup, London has also hosted the equally
  
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• Morgan Stanley profit plunges 42 percent as trading revenue slumps

  19-10-2015 14:24 via news.yahoo.com
  
  Wall Street bank Morgan Stanley's profit slumped for the second straight quarter as investors fled the bond, currency and commodity markets amid uncertainty about the timing of a U.S. interest rate hike and concerns about China's cooling economy. Morgan Stanley, the last of the big U.S. banks to release third-quarter earnings, said on Monday its trading revenue fell 17.2 percent to $2.03 billion (1 billion pounds) in the period, contributing to a 42.4 percent drop in profit attributable to share
  
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• Morgan Stanley's earnings are hit by bond trading slump

  19-10-2015 14:19 via news.yahoo.com
  
  NEW YORK (AP) — Morgan Stanley's earnings dropped 42 percent in the third quarter, more than analysts forecast, as the bank's bond trading business weakened.
  
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• Insight - Wal-Mart puts the squeeze on suppliers to share its pain as earnings sag

  19-10-2015 13:22 via news.yahoo.com
  
  Suppliers of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart Stores . The discount store behemoth has always had a reputation for demanding lower prices from vendors but Reuters has learned from interviews with suppliers and consultants, as well as reviewing some contracts, that even by its standards Wal-Mart has been turning up the heat on them this year. "The ground is shaking here," said Cameron Smith, head of Cameron Smith
  
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• USDOLLAR Index Stalls, EUR/USD Falls as Traders Await ECB

  19-10-2015 13:12
  
  A light calendar today precludes USD-pairs from benefiting or suffering from significantly repriced Fed rate expectations.
  
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• Brothers Eye US Listing For Fuel Retail Giant

  19-10-2015 12:42 via news.yahoo.com
  
  Two brothers who set up a petrol retailing business by buying a single forecourt in Lancashire less than 15 years ago will this week clinch a £1.3bn deal that will be the prelude to a US stock market listing. Sky News has learnt that Mohsin and Zuber Issa, the principal shareholders in Euro Garages, are drawing up plans with TDR Capital, the owner of European Forecourt Retail Group (EFR), to merge the two companies and take the combined business public. The deal, which will initi
  
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• Today’s Stock Market Loser: Lgo Energy PLC Crashes By Almost Half On Funding Worries

  19-10-2015 11:42 via news.yahoo.com
  
  Lgo Energy plc (LON: LGO) dives on funding concerns.
  
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• MIDEAST STOCKS-Saudi hit by earnings disappointments, Egypt stabilises

  19-10-2015 11:31 via news.yahoo.com
  
  Saudi Arabia's stock market was hit early on Monday by disappointing third-quarter earnings at several companies, while Egypt stabilised after falling for two days because of worries about currency depreciation. The main Saudi index lost 0.4 percent as industrial materials maker National Industrialization Co (Tasnee) tumbled 8.4 percent after reporting a surprise quarterly loss, which it blamed on "lower average sales prices and lower sales volumes". Construction firm Abdullah Abdul Mohsin al-Kh
  
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• ValueCap’s first tranche of fund to be disbursed late November

  19-10-2015 11:04 via news.yahoo.com
  
  KUALA LUMPUR: ValueCap Sdn Bhd’s first tranche of RM6 billion to be invested to support the stock market should be disbursed by late November, said Retirement Fund Incorporated (KWAP) chief executive officer Wan Kamaruzaman Wan Ahmad today.The amount is part of the RM20 billion allocation that the government has set to support underperforming stocks when it reactivated the investment arm.ValueCap has three shareholders: Permodalan Nasional Bhd, KWAP and Khazanah Nasional Bhd, each having a
  
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• USD/CAD: downtrend develops

  19-10-2015 10:36 via liteforex.com
  Forex analytics: Current trendLast week, the USD/CAD pair developed its downward trend and hit new local lows at the level of 1.2831. At the same time, the due to the large number of controversial US macroeconomic releases, the pair dynamics was mixed.In particular, on Wednesday, the American currency was under significant pressure from Retail Sales statistics, but then, on Friday, the pair managed to ...
  
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• Wal-Mart bribery probe finds few major offenses in Mexico - WSJ

  19-10-2015 10:27 via news.yahoo.com
  
  A federal probe into allegations of corruption at Wal-Mart Stores Inc's Mexico operations has found few major offenses, and is likely to result in a much smaller case than investigators expected, the Wall Street Journal reported, citing people familiar with the situation. Wal-Mart is likely to face U.S. foreign-bribery charges under the Foreign Corrupt Practices Act over those payments, the newspaper said. Wal-Mart spokesman Greg Hitt said the company was cooperating with the government on the m
  
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• GBP/USD: Pound is trying to hold

  19-10-2015 10:27 via liteforex.com
  Forex analytics: Current trendLast week the GBP/USD pair strengthened amid plenty of macroeconomic publications.The pair was supported by strong data on the UK labour market, disappointing data on the US Retail Sales and by commentaries from the Bank of England officials that interest rates could be increased earlier than previously thought.At the same time, the pair was under pressure from strong Consumer ...
  
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• South Africa's rand close to 6-week highs as U.S. Fed hike in doubt

  19-10-2015 09:27 via news.yahoo.com
  
  South Africa's rand traded close to recent six-week highs against the dollar on Monday, supported by the possibility that the U.S. central bank might not raise interest rates this year. The local stock market looked set to open flat at 0700 GMT as indicated by the Top-40 futures index which was up only 0.01 percent. The local unit was within striking distance of last Thursday's high of 13.0300, its strongest level since Aug. 27 according to Thomson Reuters data.
  
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• XAU/USD: gold reached local highs

  19-10-2015 09:26 via liteforex.com
  Forex analytics: Current trendLast week the price of gold significantly grew.The pair remains under pressure amid concerns on the markets that the Fed will refrain from an interest rate increase before the end of the year.At the same time, the pair was supported by strong US data on the Initial Jobless Claims and Reuters/Michigan Consumer Sentiment Index for October. In addition, the USD found support after ...
  
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• MIDEAST STOCKS-Gulf trades narrowly, Qatar's CBQ falls on Q3 earnings

  19-10-2015 09:23 via news.yahoo.com
  
  DUBAI, Oct 19 (Reuters) - Gulf stock markets moved narrowly in thin early trade on Monday with very few fresh incentives to buy or sell stocks, though Commercial Bank of Qatar (CBQ) dropped after disappointing third-quarter earnings. Dubai's index edged down 0.5 percent to 3,689 points; it has repeatedly failed to make a decisive break of technical resistance above 3,700 points in recent weeks. The biggest Dubai bank, Emirates NBD, sank 2.3 percent in unusually heavy volumes. ...
  
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• News of the day. Monday 19.10.2015

  19-10-2015 08:36 via liteforex.com
  Forex analytics: In addition to GDP, Retail Sales and Industrial Production statistics, which have already been published in China, there will be a few fundamental events and macroeconomic releases on Monday. At 5:00 p.m. (GMT+3), attention should be paid to NAHB Housing Market Index, which evaluates the business activity of the housing market The indicator is expected to stop growing and remain at 62 points, ...
  
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• MIDEAST STOCKS-Global backdrop positive but earnings misses in Gulf

  19-10-2015 07:43 via news.yahoo.com
  
  The global market environment is modestly positive for Middle East stock markets on Monday but a few third-quarter earnings misses may weigh on individual Gulf shares. Egypt's index fell 0.7 percent on Sunday after the central bank allowed the pound to weaken slightly in the official market for a second straight trading day, which investors think is a signal that another round of managed depreciation may be starting.
  
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• Wal-Mart puts the squeeze on suppliers to share its pain as earnings sag

  19-10-2015 07:17 via news.yahoo.com
  
  Suppliers of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart Stores . The discount store behemoth has always had a reputation for demanding lower prices from vendors but Reuters has learned from interviews with suppliers and consultants, as well as reviewing some contracts, that even by its standards Wal-Mart has been turning up the heat on them this year. "The ground is shaking here," said Cameron Smith, head of Cameron Smith
  
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• Islamic finance growth subdued in 2016: S&P's

  19-10-2015 06:55 via news.yahoo.com
  
  KUALA LUMPUR: Islamic finance, with assets estimated at more than US$2 trillion globally, is likely to face a slower growth next year warns Standard & Poor's. Growth will drop to single digit from the double digit growth of between 10-15 per cent enjoyed over the past decade. "The industry faces challenges from the decline in oil prices, changes in the global regulatory framework for banks and insurance companies, and its own fragmented nature," commented its Global Head of Islamic Finance M
  
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• Better Chinese Q3 Growth Supports Commodities amid Dollar Strength

  19-10-2015 06:53
  
  Good Chinese Q3 GDP revived commodities from losses by strong USD. Gold slid further as safe haven waned while copper and oil found support
  
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• Aussie Dollar and Equities Rally after China 3Q GDP Beats Expectation

  19-10-2015 05:59
  
  Global shares and the Australian dollar rose Monday morning after China reported better than expected GDP data for the third quarter.
  
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• Wal-Mart bribery probe finds little major misconduct in Mexico: WSJ

  19-10-2015 03:33 via news.yahoo.com
  
  (Reuters) - A federal probe into allegations of corruption at Wal-Mart Stores Inc's operations in Mexico have found very little, and is likely to result in a much smaller case than investors expected, The Wall Street Journal reported citing people familiar with the situation. The three-year investigation, which is mostly completed, could be resolved with a fine and no criminal charges, according to the report. Wal-Mart spokesman Greg Hitt said the company was cooperating with the government on t
  
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• Despite slump, some Chinese stock investors tiptoe back into market

  19-10-2015 03:01 via news.yahoo.com
  
  By Samuel Shen and Pete Sweeney SHANGHAI (Reuters) - After months trying to convince investors to come back to China's battered stock markets, there are signs authorities may be getting their wish as money starts flowing back in. China's benchmark Shanghai stock index is still a third below its June peak, but there are unquestionable signs of life in the market. Money flowing into the stock market was greater than money flowing out for the first week in six.
  
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• EUR/USD Rallies May Be Capped with ECB Meeting This Week

  19-10-2015 01:26
  
  The European Central Bank isn’t too keen on a strong EUR/USD, and in light of recent economic data and financial market developments, may seek to enhance its dovish policy intentions.
  
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• It’s Not Just the Rich Who Would Be Hit by Sanders’ Tax Hikes

  19-10-2015 00:04 via news.yahoo.com
  
  Sen. Bernie Sanders of Vermont has repeatedly vowed to soak the rich with higher taxes to finance his cornucopia of proposals for helping the middle class, including free state college tuition for all, expanded Social Security benefits and a major surge in highway and bridge construction to create new jobs. The self-styled Democratic Socialist and chief rival to Hillary Rodham Clinton for the Democratic presidential nomination says he would finance trillions of dollars worth of government progra
  
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