Analyst news

• Short interest piled on Valeant ahead of scathing report

  26-10-2015 23:37 via rocketnews.com
  NEW YORK (Reuters) – Short interest in U.S.-traded Valeant Pharmaceuticals International Inc shares <VRX.N> stood at its highest in nearly a year in the first half of October, exchange data showed on Monday, indicating bearish investors were stacking up against the stock even before a negative report torpedoed the shares last week.Short interest in Valeant shot up to 10.54 million shares, or about 3.1 percent of the stock available for trading, in the period to Oct. 14, according to
  
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• Dow, S&P 500 end down slightly as Apple, energy weigh

  26-10-2015 22:37 via news.yahoo.com
  
  The Dow and the S&P 500 edged lower on Monday as energy shares dropped with oil prices and Apple retreated a day before its quarterly results. Apple shares fell 3.2 percent to $115.28, making it the biggest drag on all three major indexes, while a weak outlook from one of its suppliers, Dialog Semiconductor , led a fall in other semiconductors. "With Apple, it's more about their forecast and China news and any upgrades they may want to announce," said Rick Meckler, president of LibertyView C
  
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• US STOCKS-Dow, S&P 500 end down slightly as Apple, energy weigh

  26-10-2015 21:43 via rocketnews.com
  * Fed meeting, more earnings reports awaited* Apple (LSE: 0R2V.L – news) biggest drag on indexes
  * Exxon, Chevron (Swiss: CVX.SW – news) fall as crude prices slip
  * Pep Boys up after agreeing to be bought by Bridgestone(Other OTC: BRDCF – news)* Dow down 0.1 pct, S&P down 0.2 pct, Nasdaq (NasdaqGS: NDAQ – news) up 0.1 pct (Updates to close)
  By Caroline Valetkevitch
  Oct (HKSE: 3366-OL.HK – news) 26 (Reuters) – The Dow and the S&P 500 edged lower onMonda
  
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• US stocks slip as earnings reports fail to impress

  26-10-2015 21:37 via rocketnews.com
  NEW YORK (AP) — Stocks edged lower Monday as investors began another big week of company earnings and looked ahead to a policy meeting of the Federal Reserve.Companies from Apple to Xerox are reporting earnings this week. About one-third the way through the quarterly earnings season, the results so far have been “nothing spectacular,” says investment strategist Kristina Hooper of Allianz Global Investors.
  More troubling than the middling income reports, Hooper says, is the fact
  
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• TREASURIES OUTLOOK-U.S. bond prices gain as softer stocks revive bids

  26-10-2015 20:45 via news.yahoo.com
  
  NEW YORK, Oct (HKSE: 3366-OL.HK - news) 26 (Reuters) - U.S. Treasuries prices rose on Monday, with benchmark yields retreating from two-week highs as stock market losses and disappointing data on domestic new home sales rekindled demand for low-risk government bonds. Bonds' gains were limited by typical investor caution ahead of a two-day Federal Reserve policy meeting and sales of existing holdings to make room for supplies of five-year and seven-year notes later this week. The yield reached a
  
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• Dow, S&P 500 inch down with Apple, energy stocks

  26-10-2015 20:36 via news.yahoo.com
  
  The Dow and the S&P 500 edged lower on Monday after recent gains as energy shares fell with oil prices and Apple retreated a day before its quarterly results. Apple was down 3.2 percent at $115.22, making it the biggest drag on the three major indexes, after a weak outlook from one of its suppliers, Dialog Semiconductor . Investors are also awaiting the Federal Reserve's two-day policy meeting, which begins on Tuesday.
  
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• US STOCKS-Dow, S&P 500 inch down with Apple, energy stocks

  26-10-2015 20:33 via news.yahoo.com
  
  The Dow and the S&P 500 edged lower on Monday after recent gains as energy shares fell with oil prices and Apple retreated a day before its quarterly results. Apple was down 3.2 percent at $115.22, making ...
  
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• COT - Smallest JPY Speculative Short Position in 3 Years

  26-10-2015 20:24
  
  Large speculators in Japanese Yen hold their smallest short position since October 2012! This data is ‘as of’ 10/20 (doesn’t include the 10/22 move) but specs aren’t positioned for a BoJ surprise. If something happens, there’s a lot of dry powder out there.
  
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• TREASURIES-U.S. bond prices gain as softer stocks revive bids

  26-10-2015 20:23 via news.yahoo.com
  
  NEW YORK, Oct (HKSE: 3366-OL.HK - news) 26 (Reuters) - U.S. Treasuries prices rose on Monday, with benchmark yields retreating from two-week highs as stock market losses and disappointing data on domestic new home sales rekindled demand for low-risk government bonds. Bonds' gains were limited by typical investor caution ahead of a two-day Federal Reserve policy meeting and sales of existing holdings to make room for supplies of five-year and seven-year notes later this week. The yield reached a
  
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• EUR/JPY Technical Analysis: Bottom-Side of Wedge is Broken

  26-10-2015 20:14
  
  In our previous piece, we looked at a long setup in EUR/JPY after continued support in the 135-zone had provided a baseline for prices for three consecutive days.
  
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• CAC40 Prepares for an Inside Bar Breakout

  26-10-2015 19:45
  
  After breaking out to a new monthly high, the CAC40 is consolidating today with an inside bar. Learn to trade this pattern with the Chart of the Day!
  
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• Gold Price Outlook: $1,155 is the Line-in-the-Sand

  26-10-2015 19:17
  
  In our last article, we looked a long setup in Gold after prices had come down from a new near-term high was set in $1,190 region.
  
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• TREASURIES-U.S. bond prices rise as weaker stocks revive bids

  26-10-2015 18:35 via rocketnews.com
  * Benchmark U.S(Other OTC: UBGXF – news) . bond yields scale back from 2-week peak* Traders see miniscule chance of Fed rate hike Wednesday
  * U.S. to sell 5-year, 7-year fixed-rate notes
  By Richard Leong
  NEW YORK, Oct (HKSE: 3366-OL.HK – news) 26 (Reuters) – U.S. Treasuries prices rose onMonday, with benchmark yields retreating from two-week highs asstock market losses and disappointing data on domestic new homesales rekindled demand for low-risk government bonds.
  Bonds’
  
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• S&P 500 Technical Outlook: Long or Short, Pick Your Poison

  26-10-2015 18:31
  
  In our last article, we looked at a short setup as the S&P 500 was hitting resistance in a very familiar price area.
  
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• USD/JPY Retail Positioning Narrows- Outlook Hinges on FOMC/BoJ

  26-10-2015 18:15
  
  Retail positioning in USD/JPY narrows going into month-end, but the Fed/BoJ meetings may spur increased volatility in the dollar-yen amid the diverting paths for policy.
  
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• Crude oil down, extending two-week slide on product glut worry

  26-10-2015 17:30 via rocketnews.com
  By Barani KrishnanNEW YORK (Reuters) – Crude prices edged lower on Monday, staying under pressure after two straight weeks of losses, on worries that the oversupply in oil products could swell from unseasonably warm weather and the waning maintenance cycle for U.S. refineries. Influential Wall Street trading house Goldman Sachs warned of downside risk for oil prices through spring 2016 as U.S. and European storage utilization for distillates, which include diesel, neared historic highs. Tr
  
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• Forex Volatility Prices Spike - We Like These Trading Strategies

  26-10-2015 16:15
  
  It’s shaping up to be a big week for FX markets as key central bank meetings set the stage for big currency volatility. Here’s what we’re watching.
  
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• Price & Time: NZD/USD - Timing Tests Ahead

  26-10-2015 15:00
  
  The NZD/USD is at a important time retracement this week while the month-to-date high remains at key pivot level.
  
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• Wall Street opens little changed, Fed in focus

  26-10-2015 14:40 via rocketnews.com
  REUTERS – U.S. stocks were little changed on Monday ahead of this week’s Federal Reserve policy meeting and quarterly earnings reports from key companies including Apple. The Dow Jones industrial average rose 5.28 points, or 0.03 percent, to 17,651.98, the S&P 500 lost 0.7 points, or 0.03 percent, to 2,074.45 and the Nasdaq composite index dropped 1.02 points, or 0.02 percent, to 5,030.84.(Reporting by Tanvi Mehta in Bengaluru; Editing by Saumyadeb Chakrabarty)
  Finance
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• Wall Street set to open flat ahead of Fed meeting, results

  26-10-2015 14:08 via rocketnews.com
  By Abhiram Nandakumar(Reuters) – U.S. stocks were set to open little changed on Monday as investors paused ahead of a Federal Reserve policy meeting and key earnings reports later this week. The Fed will issue a statement on Wednesday, after a two-day meeting, which will scrutinized by investors for a bearing on when the central bank could raise interest rates. While Fed Chair Janet Yellen has said the central bank could raise rates this year, it will do so only if there are clear signs of
  
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• Dish to test automated TV ad sales

  26-10-2015 14:02 via rocketnews.com
  By Malathi NayakNEW YORK (Reuters) – Dish Network Corpwill begin experimenting with automated ad sales, moving away from the pay-TV industry’s years-old way of selling ads through phone calls, paperwork and in-person deal-making. Dish will open up a digital ad market to let advertisers buy linear television ads as a beta test before officially launching at a later date, the company said in a statement on Monday.“We’re bringing the ease of digital ad buying to the TV marke
  
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• GBP/USD: within downward channel

  26-10-2015 13:53 via liteforex.com
  Forex analytics: Current trendLast week, the GBP/USD pair was supported by favorable UK Retail Sales data and growing demand for the GBP due to a sharp fall of the EUR/GBP cross-pair. However, the price failed to consolidate above the key resistance level of 1.5500 and started declining amid positive US labor market statistics. The pressure on the pair grew when the US released strong Manufacturing PMI.No ...
  
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• Risk Trends Vulnerable Ahead of Heavy Data Week

  26-10-2015 13:49
  
  Last week's news from the ECB could continue to drive Euro trends, but what will this week's Central Bank announcements hold for markets?
  
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• USD/TRY: general review

  26-10-2015 13:37 via liteforex.com
  Forex analytics: Current trendThe US Dollar continues falling against the Turkish Lira.At the same time, if any commentaries regarding an interest rate increase are given at the Fed meeting this Wednesday, the USD could significantly strengthen against the Lira. Furthermore, last week the Turkish stock market index BIST 100 lost about 1.18% and reached its 6-month lows that indicates some problems in the ...
  
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• Corporate deals set to rise despite global economy jitters

  26-10-2015 13:13 via rocketnews.com
  LONDON (AP) — There is no let-up in executives’ appetite for corporate takeovers despite volatility in the stock market and mounting concerns over the global economy, particularly China.According to a survey released Monday by consulting firm EY, the recent wave of mergers and acquisitions, or M&A, is set to continue over the coming year. It found that 59 percent of global companies are planning to secure at least one deal over the next 12 months, partly as a means of cushioning
  
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• XAU/USD: general review

  26-10-2015 13:06 via liteforex.com
  Forex analytics: Current trendDue to the absence of important macroeconomic publications today, no strong one-way movements are expected.The key event during this week is going to be the Fed meeting. Most investors do not expect the regulator to tighten its monetary policy just yet but commentaries from Fed Chair Janet Yellen regarding a possibility of the rate increase in December could significantly ...
  
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• Goldman Enters Race To Buy £320m Notemachine

  26-10-2015 12:37 via rocketnews.com
  Its vast profits mean it is often described as Wall Street’s equivalent of a cash machine. Now, Goldman Sachs is looking to go into the business of owning ATMs by tabling a £300m offer to buy a company behind thousands of them.Sky News understands that Goldman’s private equity division has joined forces with an unnamed Asian party to bid for Notemachine, which owns more than 8000 cash machines across the UK and Germany.Goldman’s proposal was one of a number submitted
  
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• Shire slumps after Credit Suisse cuts price target, earnings forecast

  26-10-2015 12:22 via rocketnews.com
  LONDON (ShareCast) – (ShareCast News) – Shire Pharmaceuticals declined on Monday after Credit Suisse(LSE: 0QP5.L – news)cut its price target and forecasts for 2016 earnings.Analysts at the Swiss broker said while Shire (Xetra: S7E.DE – news) has leading positions in pricing power and top line growth, there are “multiple overhangs” including the proposed Baxalta (Berlin: 9BX.BE – news) acquisition, the hold-up in receiving regulatory approval of lifitegr
  
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• Planned stock market listings in Abu Dhabi held back by conditions

  26-10-2015 12:22 via news.yahoo.com
  
  New listings on the Abu Dhabi Securities Exchange may take a while until market conditions improve, its chief executive said on Monday. Low oil prices and regional turmoil are keeping volumes low on Abu Dhabi's stock market. "These companies are waiting for the right time, right conditions." He did not say how many companies want to issue shares or when they expect market conditions to get better.
  
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• Next Leg Lower in EUR-crosses May Have Started

  26-10-2015 12:17
  
  Recent ECB policy developments have provoked significant technical shifts in EUR/AUD, EUR/GBP, and EUR/USD.
  
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• Brent: decline continues

  26-10-2015 11:57 via liteforex.com
  Forex analytics: Current trendLast week, the price of Brent crude oil continued declining and reached new local lows of the month. The price is being pushed down by a growth of the USD, which gains support from macroeconomic indicators and statements of the US officials, which reiterate hopes of a rate increase before year-end.At the forthcoming Fed meeting, due this week, the Regulator may give some hints, ...
  
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• AUD/USD: probability of flat

  26-10-2015 11:14 via liteforex.com
  Forex analytics: Current trendAt the end of last week, the AUD/USD pair declined slightly. Despite a steady growth of the USD amid US rate rise expectations, the AUD was a worthy counterpart.On Tuesday, the Australian dollar was supported by RBA Meeting's Minutes indicating that interest rates still remain unchanged. Moreover, the Regulator noted that both the labor market and the industry are improving and ...
  
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• EUR/USD: Euro remains under pressure

  26-10-2015 10:45 via liteforex.com
  Forex analytics: Current trendLast week the EUR/USD pair significantly fell after the ECB meeting.As was expected, the ECB did not change its current monetary policy measures. However, its President Draghi stated that the regulator is ready to apply additional stimulus measures, a need for which is going to be considered at the next meeting in December. In particular, its current QE program may be ...
  
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• Oilpatch earnings expected to be worst since financial crisis

  26-10-2015 10:00 via news.yahoo.com
  
  The oilpatch will be singing the blues this week, as a large number of energy companies prepare to release earnings for the summer quarter, a period when the price of crude plumbed multi-year lows. "We had oil go up to $60 and back down to $40 and most of that drop happened during the quarter," said Martin Pelletier, a portfolio manager with TriVest Wealth Counsel. As has been the case all year, there will be a divide between the integrated companies such as Suncor Energy, Imperial Oil and
  
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• MIDEAST STOCKS-Saudi consolidates; Egypt still dominated by Amer Group

  26-10-2015 09:50 via rocketnews.com
  DUBAI, Oct 26 (Reuters) – Saudi Arabia’s stock market wasbroadly stable early on Monday as petrochemical shares steadiedfollowing sharp falls, while trade in Amer Group and itsaffiliate Porto continued to dominate volumes in Egypt. The Saudi stock index was almost flat as Saudi BasicIndustries added 0.6 percent. Most of the 10 mostheavily traded stocks moved narrowly though City Cement slid a further 1.5 percent to a 31-month low,continuing a decline that has taken it down about 10
  
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• MEDIA-Suez to focus on waste treatment in China -Les Echos

  26-10-2015 09:24 via news.yahoo.com
  
  (Repeats to include company stock market code) PARIS, Oct 26 (Reuters) - ** French waste and water group Suez plans to focus more on waste treatment and industrial clients in China as its traditional water business faces stronger competition from local players like Beijing Enterprise, Les Echos reports. ** "We are now at 80/20 between water and waste, our target is to reach 50/50," Suez China chief Steve Clark tells the paper. ** Suez has a turnover of 754 million euros ($832 mln) in the Greater
  
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• News of the day. Monday 26.10.2015

  26-10-2015 07:31 via liteforex.com
  Forex analytics: There will not be plenty of macroeconomic publications on Monday. During the day, attention needs to be paid to the German Buba Monthly Report for September that describes current and future states of the German economy, due at 1 pm (GMT +3), and September data on New Home Sales from the US, due at 5 pm. Let us remind that the construction sector is one of the leading in the American economy. ...
  
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• Asian stocks rise on China rate cut, U.S. tech earnings

  26-10-2015 07:25 via news.yahoo.com
  
  By Hideyuki Sano TOKYO (Reuters) - Asian stocks on Monday were close to wiping out all their losses since China's shock currency devaluation in August, as global equities rallied after the Chinese central bank cut rates and U.S. tech giants provided upbeat earnings guidance. MSCI's index of Asia-Pacific shares outside Japan rose as much as 0.5 percent to hit its highest since Aug. 12 and last stood up 0.1 percent. Japan's Nikkei jumped 1.1 percent to a two-month high.
  
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• Commodities Tumble and Dollar Rises as China Rate Cuts Signal Slowdown

  26-10-2015 07:16
  
  Commodities steady momentarily after a knee-jerk crash on Friday as China’s easing measure raised demand concerns and lifted USD
  
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• Australian and New Zealand Dollars Rise as China Cuts Interest Rates

  26-10-2015 05:23
  
  The Australian and New Zealand Dollars rose after China issued an unexpected round of interest rate cuts over the weekend, boosting market-wide risk appetite.
  
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• Asian stocks advance on China rate cut, U.S. tech earnings

  26-10-2015 04:40 via news.yahoo.com
  
  By Hideyuki Sano TOKYO (Reuters) - Asian stocks on Monday were close to wiping out all their losses since China's shock currency devaluation in August, as global equities rallied after the Chinese central bank cut rates and U.S. tech giants provided upbeat earnings guidance. MSCI's index of Asia-Pacific shares outside Japan rose 0.5 percent to hit its highest since Aug. 12, led by 1.2 percent gains in Honk Kong. Japan's Nikkei rose 1.1 percent to a two-month high.
  
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• China Plenum in Focus After Surprise PBOC Interest Rate Cut

  26-10-2015 03:40
  
  The outcome of China’s fifth plenum is in focus after a surprise PBOC interest rate cut, with traders keen to see the government’s updated GDP growth estimate.
  
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• China Re shares make modest debut in Hong Kong after $2 bln IPO

  26-10-2015 02:59 via news.yahoo.com
  
  * Strong demand from retail, institutional investors for IPO * HK stock rally this month helps fuel demand for new listings (Adds retail and institutional demand for IPO, CICC IPO launch) By Elzio Barreto HONG KONG, Oct 26 (Reuters) - Shares in China Reinsurance (Group) gained as much as 3 percent in their Hong Kong stock market debut on Monday after a $2 billion initial public offering that was the second-largest in the city this year. China Re's stock rose as high as HK$2.78, before paring gai
  
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• Legal tangle in California may shed light on specialty pharmacies

  26-10-2015 00:20 via news.yahoo.com
  
  By David Ingram NEW YORK (Reuters) - As Valeant Pharmaceuticals prepares to defend its drug sales practices to Wall Street on Monday, new details are emerging about the tangled relationships - and litigation - among Valeant’s specialty pharmacy partners. The court cases, which have drawn media attention in recent days, are expected to be addressed during Monday morning's investor call, a person familiar with the matter said.  Valeant lost more than 30 percent of its mar
  
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