Analyst news

• Gold Sinks as USD Soars- FOMC to Setup Bigger Picture Advance?

  23-10-2015 23:26
  
  Gold prices are weaker this week with the precious metal down 1.3% to trade at 1161 ahead of the New York close on Friday- its largest weekly decline since August.
  
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• Drooping Milk Prices Drive NZD/USD Lower Ahead of RBNZ

  23-10-2015 22:56
  
  It was one of those good news/bad news weeks for the New Zealand economy.
  
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• Techs lead Wall St. higher; S&P 500 erases 2015 loss

  23-10-2015 22:46 via rocketnews.com
  By Caroline Valetkevitch(Reuters) – A tech share rally drove U.S. stocks up sharply for a second day on Friday as earnings from companies including Microsoft beat analysts’ expectations, while healthcare shares rebounded from recent losses. The gains left the S&P 500 in positive territory for the year and above its 200-day moving average for the first time since Aug. 19.An unexpected rate cut in China added to the positive tone for U.S. stocks, which also registered gains for the
  
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• GBP/USD Searches for Support as Rebound Unravels- GDP, Fed in Focus

  23-10-2015 22:42
  
  GBP/USD stands at risk of facing increased volatility in the week ahead as market attention turns to the Federal Reserve’s October 28 interest rate decision, while the U.S. & U.K. are scheduled to release their Gross Domestic Product (GDP) reports for the third-quarter of 2015.
  
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• US Dollar Made Gains On Favorable Flash US Manufacturing PMI Figures

  23-10-2015 22:07
  
  The US dollar extended its climb following October’s preliminary Markit US Manufacturing PMI figure reporting a five-month high as US factory activity grew.
  
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• Wall Street closes up on tech rally, healthcare rebound

  23-10-2015 22:04 via news.yahoo.com
  
  (Reuters) - A tech share rally drove U.S. stocks up sharply for a second day on Friday as earnings from companies including Microsoft Corp beat analysts' expectations, while healthcare shares rebounded from recent losses. The S&P 500 erased its loss for the year and ended above its 200-day moving average for the first time since Aug. 19. The Dow Jones industrial average rose 160.68 points, or 0.92 percent, to 17,649.84, the S&P 500 gained 22.69 points, or 1.11 percent, to 2,075.2 and the
  
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• How Turing’s Controversial $750 Pill Could be Eclipsed by a $1 Rival

  23-10-2015 19:41 via news.yahoo.com
  
  Democratic presidential frontrunner Hillary Clinton called him an outrageous drug “price gouger.” GOP frontrunner Donald Trump dismissed him as “a spoiled brat.” And Sen. Bernie Sanders rejected his campaign contribution as soiled money. Martin Shkreli, the cocky, 32-year-old former Wall Street hedge fund manager and owner of Turing Pharmaceuticals, caused a national furor recently after he acquired the rights to a drug called Daraprim for treating parasitic infections an
  
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• Valeant share price meltdown wipes $1.5 billion from CEO's wealth

  23-10-2015 19:34 via news.yahoo.com
  
  By Euan Rocha TORONTO (Reuters) - The plunge in the stock price of Valeant Pharmaceuticals International Inc has not only cost some of Wall Street's titans billions of dollars this week, it also wiped $1.5 billion from the personal wealth of its head Mike Pearson. The former McKinsey & Co consultant, who has steered Valeant since 2008, does not currently draw any salary from the company. Valeant and its external advisors did not immediately returns calls and emails seeking comment on the hit
  
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• Thomson Reuters third-quarter sales dip; shares down

  23-10-2015 18:26 via news.yahoo.com
  
  Thomson Reuters Corp on Friday reported third-quarter sales that missed estimates due in part to the strong dollar, but the news and information company's profit beat Wall Street expectations. Thomson Reuters, the parent of Reuters News, competes for financial customers with Bloomberg LP, as well as News Corp's Dow Jones unit. Continued uncertainty about global growth has put pressure on sell-side financial services firms, the core customers of the company's Financial & Risk business.
  
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• Tech stocks lead a rally; S&P 500 turns positive for year

  23-10-2015 18:08 via news.yahoo.com
  
  Strong quarterly earnings from several big-name technology companies helped push U.S. stocks higher in midday trading Friday. The market pulled back somewhat from a sharp rise earlier in the day, but the gains were sufficient to put the Standard & Poor's 500 index back into positive territory for the year following a market swoon in August and September.
  
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• Alphabet, Microsoft, Amazon give Wall Street reason to cheer

  23-10-2015 18:04 via news.yahoo.com
  
  Google parent Alphabet Inc, Microsoft Corp and Amazon.com Inc made headway in the latest quarter in the areas that will be their main engines of growth for years to come, driving up shares across the tech sector on Friday. For Alphabet, search traffic on mobiles surpassed desktop traffic worldwide for the first time, while Amazon was able to boost margins, an area of concern, as its cloud business boomed. Microsoft's growing emphasis on cloud computing under Chief Executive Satya Nadella also pu
  
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• What’s Really Driving the Stock Market’s Big Rebound Rally?

  23-10-2015 18:00 via news.yahoo.com
  
  A combination of solid earnings (especially in tech) — as well as a fresh interest rate cut by the People’s Bank of China and hints of more cheap money stimulus from the European Central Bank — have reignited animal spirits in a big way. As a result, the Nasdaq Composite Index has powered back above 5,000, the Dow Jones Industrial Average is nearing 17,600 and the S&P 500 is hovering around 2,070, a level last seen before the market tumbled in August.
  
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• Global stocks soar on surprise China rate cut

  23-10-2015 17:28 via news.yahoo.com
  
  By David Gaffen NEW YORK (Reuters) - Stock markets worldwide soared on Friday after China cut interest rates for the fourth time this year, just a day after the European Central Bank signaled that it is ready to increase the scale of its stimulus measures. Shares across Asia, Europe and the Americas climbed, having already been boosted by Thursday's message from ECB chief Mario Draghi that the central bank was ready to adjust "the size, composition and duration" of its QE program. Wall Street ra
  
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• World stocks soar on surprise China rate cut

  23-10-2015 17:23 via news.yahoo.com
  
  By David Gaffen NEW YORK (Reuters) - Stock markets worldwide soared on Friday after China cut interest rates for the fourth time this year, just a day after the European Central Bank signaled that it is ready to increase the scale of its stimulus measures. Shares across Asia, Europe and the Americas climbed, having already been boosted by Thursday's message from ECB chief Mario Draghi that the central bank was ready to adjust "the size, composition and duration" of its QE programme. Wall Street
  
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• Stocks soar on surprise China rate cut

  23-10-2015 17:22 via news.yahoo.com
  
  By David Gaffen NEW YORK (Reuters) - Stock markets worldwide soared on Friday after China cut interest rates for the fourth time this year, just a day after the European Central Bank signalled that it is ready to increase the scale of its stimulus measures. Shares across Asia, Europe and the Americas climbed, having already been boosted by Thursday's message from ECB chief Mario Draghi that the central bank was ready to adjust "the size, composition and duration" of its QE programme. Wall Street
  
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• US open: Equities rally on strong earnings and PBoC's decision

  23-10-2015 17:01 via news.yahoo.com
  
  (ShareCast News) - US stocks rallied early on Friday, boosted by a series of positive earnings and by news the People Bank of China has opted to cut its interest rates.
  
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• Thomson Reuters third-quarter sales dip on strong dollar

  23-10-2015 16:42 via news.yahoo.com
  
  Thomson Reuters Corp on Friday reported third-quarter sales that missed estimates due in part to the strong dollar, but the news and information company's profits beat Wall Street expectations. Third-quarter net earnings were $293 million, or 36 cents per share, compared with $250 million, or 28 cents per share, a year ago. Analysts, on average, were looking for 49 cents per share, according to Thomson Reuters I/B/E/S. Thomson Reuters, which is the parent of Reuters News, competes for financial
  
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• Valeant’s looming M&A hiatus deals blow to investment banks

  23-10-2015 16:25 via rocketnews.com
  By Carl O’DonnellNEW YORK (Reuters) – The controversy surrounding Valeant Pharmaceuticals’strategy and its market slide this week are bad news for Wall Street investment banks that stand to lose one of their best clients. The specialty drug company has emerged as the fifth largest payer of investment banker fees over the past three years thanks to its rapid acquisition-driven and debt-financed expansion that has made it a darling of investors. But its business model, which has
  
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• Forex Trader Sentiment Suggests Euro Breakdown is the Real Deal

  23-10-2015 16:10
  
  A substantial shift in retail forex trader positions warns that the Euro may continue to hit further lows versus the resurgent US Dollar.
  
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• US Dollar in Position to Gain versus Canadian Dollar

  23-10-2015 16:05
  
  The majority of retail forex traders recently turned net-short the US Dollar versus the Canadian Dollar, and a contrarian view of crowd sentiment leaves us in favor of further USD/CAD gains.
  
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• Gold Forecast to Gain Further versus US Dollar

  23-10-2015 16:05
  
  Retail FX traders have sold aggressively into recent Gold Price rallies, and a contrarian view of crowd sentiment points to further XAU/USD appreciation.
  
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• Euro Breakdown is the Real Deal

  23-10-2015 16:05
  
  A substantial shift in retail forex positioning warns that the Euro may have made a lasting turn lower versus the US Dollar.
  
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• British Pound Forecast to Fall Further versus Dollar

  23-10-2015 16:05
  
  Our retail forex trader data shows that the majority remain long the British Pound versus the US Dollar, and a contrarian view of crowd sentiment points to further GBP/USD weakness.
  
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• Australian Dollar Likely to Fall Further

  23-10-2015 16:05
  
  The majority of retail forex traders remains long the Australian Dollar versus its US namesake, and a contrarian view of crowd sentiment leaves us steadily in favor of selling into AUD/USD gains.
  
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• Malaysia still on fiscal consolidation path: S&P's

  23-10-2015 15:57 via news.yahoo.com
  
  KUALA LUMPUR: International credit rating agency Standard & Poor's said Budget 2016 supports its view that the government will not depart from its fiscal consolidation plans. It said the A- stable outlook for Malaysia has not been affected. "This trend is in line with our expectation of a gradual fiscal consolidation over the medium term," said its analysts Phua Yee Farn and Kyran A Curry.
  
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• Malaysia still on fiscal consolidation path: S&P’s

  23-10-2015 15:57 via rocketnews.com
  KUALA LUMPUR:International credit rating agency Standard & Poor’s said Budget 2016 supports its view that the government will not depart from its fiscal consolidation plans.It said the A- stable outlook for Malaysia has not been affected.
  The budget targets a deficit of 3.1 per cent of GDP for 2016, down from 3.2 per cent in 2015.
  “This trend is in line with our expectation of a gradual fiscal consolidation over the medium term,” said its analysts Phua Yee Farn and Kyran A
  
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• Shire says still pursuing Baxalta; Q3 earnings rise

  23-10-2015 15:51 via news.yahoo.com
  
  LONDON, Oct (HKSE: 3366-OL.HK - news) 23 (Reuters) - Pharmaceutical firm Shire (Amsterdam: QB8.AS - news) said it was still pursuing its attempt to buy U.S (Other OTC: UBGXF - news) . Shire (Xetra: S7E.DE - news) went public with its proposal to buy Baxalta, recently spun out of Baxter, in August, after it failed to generate much excitement among Baxalta's board for its plan to forge a global specialist in rare diseases. Since then, a 24 percent drop in Shire's share price has made its all-share
  
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• EUR/USD Post-ECB Support

  23-10-2015 15:50
  
  The EURUSD is consolidating this morning after yesterday’s 252 pip decline. Learn today’s trading values with the Chart of the Day!
  
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• Truck maker Volvo sees earnings rise but new orders fall

  23-10-2015 15:45 via news.yahoo.com
  
  STOCKHOLM (AP) — Swedish truck maker AB Volvo says a weaker currency boosted its third quarter earnings but noted that intake for new truck orders fell 15 percent, mainly due to a slowdown in North and South America.
  
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• Italian post office sell-off to raise more than 3 billion euros

  23-10-2015 14:56 via news.yahoo.com
  
  By Giuseppe Fonte and Francesca Landini ROME/MILAN (Reuters) - Italy will raise nearly 3.4 billion euros (2.47 billion pound) from the sale of a minority stake in its post office in a stock market listing welcomed by the government as a vote of confidence for its business reforms. The sale of up to 38 percent of Poste Italiane is the biggest privatisation in a decade in the euro zone's third-largest economy. Demand from investors bodes well for Prime Minister Matteo Renzi's efforts to revive sta
  
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• The Juice is Loose: Central Banks Catapult Stock Prices Higher (Again)

  23-10-2015 14:45
  
  After the ECB's announcement to re-examine their QE program in December, China cuts interest rates and RRR. But will the Fed and BOJ follow suit?
  
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• World stocks soar again as China rate cut dovetails Draghi

  23-10-2015 14:31 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - World stocks soared again on Friday after China cut interest rates for the fourth time this year, just a day after the European Central Bank signalled that it is ready to increase the scale of its stimulus measures. China's surprise out of hours move saw it cut it benchmark one-year lending rate by 25 basis points to 4.35 percent and lower big banks' reserve requirement ratio by 50 basis points to 17.5 percent. European shares and Wall Street futures kept climbin
  
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• Global stocks soar again as China rate cut dovetails Draghi

  23-10-2015 14:28 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - World stocks soared again on Friday after China cut interest rates for the fourth time this year, just a day after the European Central Bank signaled that it is ready to increase the scale of its stimulus measures. China's surprise out of hours move saw it cut it benchmark one-year lending rate by 25 basis points to 4.35 percent and lower big banks' reserve requirement ratio by 50 basis points to 17.5 percent. European shares and Wall Street futures kept climbing
  
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• AUD/USD: pair correcting within upward channel

  23-10-2015 14:06 via liteforex.com
  Forex analytics: Current trendAfter a significant growth in the pair in the beginning of the month amid strong macroeconomic data from Australia, the pair entered a downward correction.Due to empty Australian economic calendar this week, the pair was mainly affected by data from the US. On Thursday as majority of currencies were falling against the USD, the AUD/USD pair was trading in a narrow sideways ...
  
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• Post-ECB Charts Reveal Significant Damage to EUR-crosses

  23-10-2015 13:21
  
  Significant technical damage may have been done to several EUR-crosses, including EUR/AUD, EUR/CAD, and EUR/USD.
  
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• Shire says remains in Baxalta hunt after rise in Q3 earnings

  23-10-2015 13:17 via news.yahoo.com
  
  Pharmaceutical firm Shire said it was still pursuing its attempt to buy U.S. company Baxalta as it posted a 11 percent rise in third-quarter earnings on Friday. Shire went public with its proposal to buy ...
  
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• Euro Slightly Higher after Upbeat Markit Eurozone PMI

  23-10-2015 11:40
  
  The Euro rose slightly versus the US Dollar after today’s better than expected Markit PMI; Draghi’s dovish rhetoric still in focus
  
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• BoJ meeting, earnings season in focus for Tokyo investors

  23-10-2015 11:35 via news.yahoo.com
  
  A central bank meeting and the start of Japan's latest earnings season will be among the key trading cues for Tokyo investors next week amid speculation policymakers could pull the trigger on more stimulus. The Bank of Japan meets Friday for a policy-setting meeting that could also see it cut its growth and inflation outlook for the world's number three economy after a string of weak data. If the BoJ expands its 80 trillion yen ($665 billion) annual asset-buying scheme -- similar to the Federal
  
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• Oil rises on upbeat economic data, ECB stimulus moves

  23-10-2015 11:27 via news.yahoo.com
  
  By Christopher Johnson LONDON (Reuters) - Oil prices rose on Friday, finding support from brighter economic data and a global stock market rally after the European Central Bank signalled more stimulus. Benchmark Brent crude oil was 20 cents higher at $48.28 a barrel by 0905 GMT after settling up 23 cents in the previous session. The gains followed a raft of positive economic data and a statement by ECB President Mario Draghi on Thursday that new euro zone initiatives could be unveiled as soon as
  
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• USD/JPY: correction started

  23-10-2015 11:12 via liteforex.com
  Forex analytics: Current trendOn Friday, the USD/JPY pair started declining after a yesterday's growth, when it gained support from Jobless Claims statistics, released in the US, and the results of the ECB meeting. The European Regulator is likely to expand its quantitative easing programme in the short term.Today, the JPY is strengthening amid the publication of Nomura/ JMMA Manufacturing Purchasing Manager ...
  
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• Oil up on upbeat economic data, ECB stimulus moves

  23-10-2015 10:34 via news.yahoo.com
  
  Oil prices rose on Friday, finding support from brighter economic data and a global stock market rally after the European Central Bank signaled more stimulus measures. Benchmark Brent crude oil was up 25 cents at $48.33 a barrel by 4.10 a.m. ET after settling up 23 cents in the previous session. The gains followed a statement by ECB president Mario Draghi on Thursday that new euro zone initiatives could be unveiled as soon as December.
  
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• XAU/USD: pair is growing

  23-10-2015 10:27 via liteforex.com
  Forex analytics: Current trendToday the XAU/USD pair is strengthening after a fall in the middle of the week.Pressure on the pair comes from strengthening US dollar that grew after the ECB meeting yesterday. The regulator decided not to change its current monetary policy measures but maintained soft rhetoric as was predicted by nearly all experts. Amongst other things, ECB President Mario Draghi mentioned a ...
  
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• USD/CAD: correction at the end of the week

  23-10-2015 10:15 via liteforex.com
  Forex analytics: Current trendAt the end of the week, the Canadian dollar is growing slightly, gaining back the losses of the beginning and middle of the week, when the currency was under pressure from news releases. The most notable decline came on Wednesday when the results of the Bank of Canada meeting were published.The Regulator predictably kept its monetary policy unchanged, and the interest rate ...
  
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• Strong Canada Core CPI to Undermine USD/CAD Rebound

  23-10-2015 10:00
  
  A pickup in Canada’s core CPI may heighten the appeal of the loonie and undermine the near-term rebound in USD/CAD as it boosts interest rate expectations.
  
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• Euro May Extend Decline as Soft PMI Data Bolsters ECB Easing Bets

  23-10-2015 08:36
  
  The Euro may continue to move lower after yesterday’s sharp drop as soft PMI figures keep ECB easing speculation building.
  
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• Gold in Favor as ECB Sparks Easing Cycle; Oil, Copper Steady with Stocks

  23-10-2015 08:27
  
  ECB set expectations for easing across central banks, which boost gold and risk assets including oil, copper, equities. Strong USD an offset
  
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• News of the day. Friday 23.10.2015

  23-10-2015 08:23 via liteforex.com
  Forex analytics: The main publication on Friday is going to be October data on Markit Manufacturing and Services PMI’s for Germany, the US and the eurozone. The PMI represents opinions of purchasing managers from the biggest companies in manufacturing and services sectors regarding current state of the economy and its prospects. The threshold in the index is 50 points, below which these sectors are thought to ...
  
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• Nasdaq To Net Share Surge On Earnings Growth

  23-10-2015 08:02 via news.yahoo.com
  
  Google's new holding company - Amazon and Microsoft have soared in after-hours trading after they reported stronger-than-expected earnings. Analysts said the performances had lifted concerns about a weak quarter after some disappointing early results and the Nasdaq and wider markets were likely to see the benefit during Friday's trading. Google's third-quarter report showed profits surging 45% to nearly $4bn - boosted by mobile search advertising and slowing growth in operating expenses.
  
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• Valeant's looming M&A hiatus deals blow to investment banks

  23-10-2015 07:21 via news.yahoo.com
  
  By Carl O'Donnell NEW YORK (Reuters) - The controversy surrounding Valeant Pharmaceuticals' strategy and its market slide this week are bad news for Wall Street investment banks that stand to lose one of their best clients. The specialty drug company has emerged as the fifth largest payer of investment banker fees over the past three years thanks to its rapid acquisition-driven and debt-financed expansion that has made it a darling of investors. The company said earlier this week it would now fo
  
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• NZD/USD Technical Analysis: Trying to Renew Upside Push

  23-10-2015 07:18
  
  The New Zealand Dollar is attempting to launch a recovery after finding support near the 0.67 figure against its US namesake.
  
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