Analyst news

• Dollar index hits highest since April; S&P 500 up slightly

  10-11-2015 23:18 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - The U.S. dollar index touched its highest since April on Tuesday on growing expectations the Federal Reserve will raise interest rates next month, while U.S. stocks ended up after a late-session bounce. Oil prices ended higher, rebounding after the International Energy Agency estimated investment in oil would slump more than 20 percent this year, a trend it saw continuing into 2016. Consumer discretionary shares including Amazon.com bolstered the S&a
  
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• Small gain on Wall Street as investors eye rate hike

  10-11-2015 22:38 via news.yahoo.com
  
  Wall Street ended modestly higher after a choppy session on Tuesday as gains in consumer discretionary stocks offset a drop in Apple and investors hunkered down for a potential interest rate hike next month. Apple's shares fell 3.15 percent after Credit Suisse said the iPhone maker had cut component orders by as much as 10 percent, indicating weakening demand for its newest smartphones. "Over next couple weeks, it could be a little sloppy before we head into Thanksgiving." The report on Apple in
  
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• Small gain on Wall St. as investors eye rate hike

  10-11-2015 22:38 via news.yahoo.com
  
  (Reuters) - Wall Street ended modestly higher after a choppy session on Tuesday as gains in consumer discretionary stocks offset a drop in Apple and investors hunkered down for a potential interest rate hike next month.
  
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• A late gain leaves stocks mostly higher after a 4-day slump

  10-11-2015 22:12 via rocketnews.com
  NEW YORK (AP) — The stock market turned mostly higher in late trading, leaving indexes with modest gains after a sluggish day.
  Technology shares were held back Tuesday by weakness in Apple.
  Apple dropped 3 percent after analysts at Credit Suisse said a slowdown in the company’s orders for components suggested weak demand for the new iPhone 6s.
  Homebuilders were among the day’s gainers after D.R. Horton reported earnings that were stronger than analysts were expecting.
  The Dow
  
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• AUD/JPY Flirting with Pivotal Support

  10-11-2015 21:17
  
  AUDJPY is trading within a well-defined descending channel formation with the pair now testing near-term support. Here are the updated targets & invalidation levels that matter.
  
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• Drugmaker Valeant to feel sting of closing controversial pharmacy

  10-11-2015 20:48 via news.yahoo.com
  
  By Euan Rocha and Rod Nickel TORONTO/WINNIPEG (Reuters) - Valeant Pharmaceuticals International Inc said on Tuesday its dermatology business would be hurt in the short term as it moves rapidly to sever ties with a controversial specialty pharmacy. As of last week, Philidor Rx Services has stopped handling insurance claims for drugs and it will cease operations by the end of January, Valeant Chief Executive Officer Mike Pearson told investors and analysts on a conference call on Tuesday. The call
  
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• Molson Coors nears deal to buy rest of Miller Coors: WSJ

  10-11-2015 20:46 via news.yahoo.com
  
  (Reuters) - Molson Coors Brewing Co is nearing a deal to buy the rest of its U.S. joint venture with SABMiller Plc , MillerCoors LLC, for more than $10 billion, the Wall Street Journal reported on Tuesday.
  
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• Wall Street mixed as Apple weighs and investors eye rate hike

  10-11-2015 20:25 via news.yahoo.com
  
  U.S. stocks were mixed on Tuesday afternoon, as gains in healthcare stocks were offset by a drop in Apple and investors hunkered down for a potential interest rate hike next month. Apple's shares fell 3.23 percent to $116.67 after Credit Suisse said Apple had cut component orders by as much as 10 percent, indicating weakening demand for its new iPhones. Companies will also be hit with higher borrowing costs if the U.S. Federal Reserve raises interest rates from near-zero levels next month, as is
  
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• Valeant options bet sours as shares continue to slide

  10-11-2015 20:11
  NEW YORK, Nov 10 (Reuters) - A large bet on Valeant Pharmaceuticals International Inc's options looks like it will leave a $95 million hole in the wallet for the trader who took the position last...
  
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• UPDATE 4-Drugmaker Valeant to feel sting of closing controversial pharmacy

  10-11-2015 19:58
  TORONTO/WINNIPEG, Nov 10 (Reuters) - Valeant Pharmaceuticals International Inc said on Tuesday its dermatology business would be hurt in the short term as it moves rapidly to sever ties with a...
  
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• U.S. charges three in huge cyberfraud targeting JPMorgan, others

  10-11-2015 19:29 via news.yahoo.com
  
  By Jonathan Stempel and Nate Raymond NEW YORK (Reuters) - U.S. prosecutors on Tuesday unveiled criminal charges accusing three men of running a sprawling array of hacking and fraud schemes, including a huge 2014 attack against JPMorgan Chase & Co , that generated hundreds of millions of dollars of illegal profit. Gery Shalon, Joshua Samuel Aaron and Ziv Orenstein were charged in a 23-count indictment over alleged crimes targeting 12 companies, including nine financial services companies as w
  
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• Wall Street slips as rate hike looms, Apple weighs

  10-11-2015 19:13 via rocketnews.com
  By Abhiram Nandakumar(Reuters) – U.S. stocks were lower early on Tuesday afternoon, dragged down by Apple, as investors braced for an interest rate hike by the Federal Reserve next month and fretted about weakening demand in China. Apple’s sharesfell 2.8 percent to $117.22 after Credit Suisse said the company had cut component orders by as much as 10 percent, indicating weakening demand for its new iPhones. The stock was the biggest drag on the three major indexes. The S&P 500 wa
  
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• EUR/USD Continues to Chip Away April Rebound Ahead of Draghi Comments

  10-11-2015 18:45
  
  EUR/USD may continue to give back the advance from back in April should ECB President Mario Draghi fuel bets for a further reduction in the deposit-rate.
  
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• UPDATE 2-Dell-EMC deal threatened by possible $9 bln tax bill-Re/code

  10-11-2015 18:27
  Nov 10 (Reuters) - Dell Inc's $67 billion offer to buy data storage company EMC Corp could be derailed by a tax bill of up to $9 billion, technology news website Re/code reported, citing sources...
  
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• UPDATE 3-Drugmaker Valeant to feel sting of closing controversial pharmacy

  10-11-2015 18:24
  Nov 10 (Reuters) - Cutting ties with a controversial specialty pharmacy will hurt the dermatology business of Valeant Pharmaceuticals International Inc in the short term, the company's chief...
  
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• Monsanto cuts quarterly earnings guidance, shares drop

  10-11-2015 18:16 via news.yahoo.com
  
  Monsanto Co expects to lose 23 to 33 cents a share in its fiscal first quarter of 2016, dragged by restructuring costs, pricing pressures on its herbicide glyphosate, slower-than-expected U.S. corn seed sales and a weak currency in Brazil, a top executive said on Tuesday. Monsanto shares slid more than 1 percent. Monsanto now expects to earn $4.00 to $4.66 a share for fiscal 2016 which ends next August, Kerry Preete, executive vice president of global strategy, told investors at the Morgan Stanl
  
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• Scottrade, E*Trade, WSJ among victims in U.S. hacking case: source

  10-11-2015 17:39 via news.yahoo.com
  
  NEW YORK (Reuters) - The victims of three men charged on Tuesday with hacking into JPMorgan Chase & Co and several other companies also include the Wall Street Journal, Scottrade Inc and E*Trade Financial Corp , a law enforcement source said.
  
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• Price & Time: USD/CAD: Second Half of November Is What Really Matters

  10-11-2015 17:15
  
  The USD/CAD is stalled at Fibonacci retracement levels while the pair is also approximating an important time zone by the end of November.
  
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• We like this Trend-following Strategy on US Dollar Pairs

  10-11-2015 16:40
  
  The US Dollar has broken sharply higher versus the Euro, and strong trending markets keep our focus on this key strategy.
  
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• Monsanto cuts first-quarter earnings guidance

  10-11-2015 16:23 via rocketnews.com
  CHICAGO (Reuters) – Monsanto Co <MON.N> on Tuesday confirmed earlier guidance that its fiscal first quarter 2016 is expected to show an earnings-per-share loss in the 23-to-33 cent range, amid continued pricing weakness in glyphosate, fewer South American corn acres being planted and restructuring costs.
  Market consensus has been for the company’s fiscal quarter ending Nov. 30 to have an earnings-per-share (EPS) gain of 6-cents, according to market analysts.
  Monsanto said Kerr
  
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• Britain's FTSE falls again as miners slip

  10-11-2015 16:13
  * Vodafone and Experian gain after updates (Adds quote and detail, updates prices)
  
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• COT - Silver Over Owned

  10-11-2015 15:36
  
  COT changes for the release dated 11/3 were minimal. This release doesn’t include changes that took place from 11/4 to 11/6 (USD rally) however. Then next report will be far more interesting.
  
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• UPDATE 2-Closing controversial pharmacy to hurt drugmaker Valeant: CEO

  10-11-2015 15:32
  Nov 10 (Reuters) - Cutting ties with a controversial specialty pharmacy will hurt the dermatology business of Valeant Pharmaceuticals International Inc in the short term, the company's chief...
  
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• USD/JPY Technical Analysis: A Hold Above Support Favors Liftoff

  10-11-2015 15:03
  
  Clear targets on the upside are worth considering if USDJPY can hold above key 11-months support.
  
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• GBP/USD Retraces to Resistance at 1.5136

  10-11-2015 15:00
  
  The GBPUSD has retraced to resistance in its current downtrend. Learn today’s trading values with the Chart of the Day!
  
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• Global shares dip, dollar back on track

  10-11-2015 14:52 via rocketnews.com
  By Patrick GrahamLONDON (Reuters) – Mixed signals on corporate earnings and global growth pushed European and Asian stock markets lower on Tuesday while the dollar made more progress, driving below $1.07 per euro for the first time since April.European stock exchanges started with some cautious gains before inching back into the red, and Wall Street looked set to open lower <ESc1><1YMc1> as investors bet the U.S. Federal Reserve would raise interest rates next month.
  More than
  
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• S&P Downward Channel: Bull-Flag, or is a Top in Place?

  10-11-2015 14:51
  
  With December firmly on the table for that first US rate hike in over nine years, risk assets are beginning to show signs of weakness.
  
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• Shares dip, dollar back on track

  10-11-2015 14:50 via rocketnews.com
  By Patrick GrahamLONDON (Reuters) – Mixed signals on corporate earnings and global growth pushed European and Asian stock markets lower on Tuesday while the dollar made more progress, driving below $1.07 per euro for the first time since April.European stock exchanges started with some cautious gains before inching back into the red, and Wall Street looked set to open lower as investors bet the U.S. Federal Reserve would raise interest rates next month. More than 1 percent falls in Hong Ko
  
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• GBP/TRY: Fibonacci analysis

  10-11-2015 14:29 via liteforex.com
  Forex analytics: An upward correction can continue.On the 4-hour chart, the price is testing the level of 4.4083 (38.2% Fibonacci correction), a breakout of which would allow the pair to grow to 4.4314 (50% correction) and 4.4550 (61.8% correction). The key level for Bears seems to be at 4.3923, a breakdown of which could send the price along the 38.2% arc towards the levels of 4.3560 and 4.3340. On the daily ...
  
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• Controversial pharmacy to close, drugmaker Valeant says

  10-11-2015 14:22
  Nov 10 (Reuters) - A controversial specialty pharmacy used by Valeant Pharmaceuticals International Inc will cease operations by the end of January, Valeant's chief executive said on Tuesday.
  
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• Brent: global oil production will not be cut

  10-11-2015 13:51 via liteforex.com
  Forex analytics: Current trendDespite an expected growth in world oil consumption, the oil market continues being oversupplied. OPEC Secretary-General stated that non-OPEC oil producers refused to cooperate with OPEC in cutting the global oil output. Moreover, the price of oil is under pressure from expectations of a rise in US interest rates.This week, attention should be paid to EIA Crude Oil Stocks change, ...
  
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• Risk/Reward of USD/JPY Long Not Appealing as Short EUR/USD

  10-11-2015 13:50
  
  Recent moves aside, it's time to look forward and size up what the market has to offer next. USD/JPY bulls may not like it.
  
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• Exclusive: Deutsche Bank poised to name investment banking leaders - sources

  10-11-2015 13:44 via news.yahoo.com
  
  By Olivia Oran and Anjuli Davies NEW YORK/LONDON (Reuters) - Deutsche Bank could announce a new executive structure at its investment bank as soon as this week, as part of chief executive John Cryan's shake-up of Germany's largest lender, sources familiar with the matter told Reuters. The German bank, which has a big presence on Wall Street, announced in October that it would split its investment bank in two after mounting shareholder pressure for reform, with one part focusing on corporate and
  
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• Stock futures lower as rate hike looms, China fears linger

  10-11-2015 13:35 via news.yahoo.com
  
  (Reuters) - U.S. stock index futures were lower on Tuesday, a day after Wall Street suffered its steepest drop in six weeks as investors braced for an interest-rate hike and fretted about China's economic health.
  
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• Silver Prices Are Down for 9 Consecutive Days and the Trend Remains Bearish

  10-11-2015 13:25
  
  In the very short-term, price is trapped in the $14.42 and $14.58 range. Wait for a break to this range.
  
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• USD/JPY: pair consolidating

  10-11-2015 13:11 via liteforex.com
  Forex analytics: Current trendAt the beginning of this week, the pair is consolidating in a narrow sideways channel after a sharp growth in the end of last week.Pair’s growth was the result of strong data on the US labour market for October that exceeded forecasts of economists. The Unemployment Rate fell to 5%, while the Nonfarm Payrolls amounted to 271 thousands, instead of forecasted 180 thousands. The ...
  
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• Vodafone first-half earnings rise after four lean years

  10-11-2015 13:07 via news.yahoo.com
  
  By Paul Sandle LONDON (Reuters) - Vodafone's first-half earnings rose for the first time in four years after investment in faster 4G networks started to pay off and full-year results may be better than forecast, the company said on Tuesday. The world's second biggest mobile phone company has spent billions of pounds on its networks over the past two years and can now offer faster 4G services to 80 percent of its customers in Europe when the economic climate is steadily improving. Chief Executive
  
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• USD/CAD: short-term correction is possible

  10-11-2015 12:25 via liteforex.com
  Forex analytics: Current trendDespite favorable Chinese macroeconomic statistics and a decline in the US drilling rig count, the global oil market will continue being oversupplied in the medium term. The Canadian dollar is a commodity currency, and the correlation between the USD/CAD pair and the price of oil is about 92%.Given a decline in oil prices coupled with expectations of a rise in US interest rates ...
  
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• 'Brexit' would not undermine Britain as financial hub, says UBS chairman

  10-11-2015 12:24 via news.yahoo.com
  
  By Anjuli Davies LONDON (Reuters) - If Britain were to opt out of the European Union its position as a global financial hub would not be undermined, Axel Weber, the chairman of Zurich-based UBS said on Tuesday. "It won't undermine the UK as a financial centre but it would be more challenging to get market access," the former head of the German Bundesbank told delegates at a Wall Street Journal Pro event. Prime Minister David Cameron wants to renegotiate Britain's relationship with the EU and the
  
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• European shares led lower by commodities, mixed earnings

  10-11-2015 12:22 via news.yahoo.com
  
  European shares were lower on Tuesday for a second straight day as losses among commodity stocks and political uncertainty in Portugal weighed, while Vodafone shone in an otherwise mixed picture for corporate earnings. The pan-European FTSEurofirst 300 was down 0.4 percent, giving up initial gains, and the euro zone's blue-chip Euro STOXX 50 index was down 0.5 percent.
  
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• UPDATE 1-Ericsson cuts market growth view, looks beyond networks

  10-11-2015 11:48
  * Gives figures for target growth areas for first time (Adds CEO quote, detail, share, background)
  
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• FTSE 100: Commodity Slide Pressures the FTSE 100

  10-11-2015 11:13
  
  FTSE 100 Is Challenging Support As Commodities Slide
  
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• Britain's FTSE extends losses as miners slip

  10-11-2015 10:58
  LONDON, Nov 10 (Reuters) - Britain's top share index extended the previous session's losses on Tuesday, with weaker miners hit by a sharp decline in metals prices outweighing encouraging updates from...
  
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• London open: Equity markets nudge higher as earnings lend support

  10-11-2015 10:25 via rocketnews.com
  LONDON (ShareCast) – (ShareCast News) – Stocks in London nudged a touch higher in early trade following losses in the previous session, as investors took heart from some encouraging earnings.”Despite falls in US and Asian markets the FTSE is trying to push higher thanks largely to Vodafone and National Grid (LSE: NG.L – news) beating estimates,” said Mike McCudden, head of derivatives at Interactive Investor.
  “Furthermore, talk of a special dividend from Nati
  
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• MIDEAST STOCKS-Egypt continues tumbling on FX worries, Saudi almost flat

  10-11-2015 10:24 via rocketnews.com
  DUBAI, Nov 10 (Reuters) – Egypt’s stock market continued totumble early on Tuesday because of speculation about a possiblecurrency devaluation or a rise in local interest rates. MostSaudi Arabian stocks opened barely changed. The Egyptian index skidded 2.9 percent to 6,929points, adding to a 2.8 percent drop on Monday and a 2.6 percentslide on Sunday. On Monday, it broke technical support on itsOctober low; its next support is at the September low of 6,921points. Strong U.S. economi
  
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• EU poised to delay securities reform by a year

  10-11-2015 10:03 via rocketnews.com
  LONDON (Reuters) – The European Union’s landmark reform of securities markets to apply lessons from the financial crisis may need to be delayed by a year to January 2018, a European Commission official said on Tuesday.MiFID II introduces reforms that were agreed at the global level during the 2007-09 financial crisis, such as trading derivatives on electronic platforms to improve transparency. The United States has already introduced such changes under its reform of Wall Street know
  
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• DAX 30 Is Expected to Rise From Current Levels

  10-11-2015 09:19
  
  Given that we are still trading above the 10,770 support level, the DAX index may bounce back to the 11k mark. U.S. NFIB Small Business Optimism and U.S. Wholesale Inventories on tap
  
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• USD/CHF: USD correcting

  10-11-2015 09:15 via liteforex.com
  Forex analytics: Current trendSince the beginning of this week, the USD/CHF pair is in correction after it significantly grew last week. The pair managed to break out a psychologically important level of 1.0000 that was last overcome in the middle of March.Strengthening in the USD was the result of unexpectedly strong NFPR data for October from the US that substantially increased a possibility of an interest ...
  
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• XAU/USD: at local lows

  10-11-2015 09:08 via liteforex.com
  Forex analytics: Current trendOn Monday, the price of gold managed to strengthen slightly and step away from 3-month lows hit on Friday, when strong labor market statistics were released in the US.After the USD rally, an upward correction is expected. However, the price of gold has been declining for more than a week already that suggests a growing appeal of the US currency.Support and resistanceBollinger ...
  
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• Vodafone nudges up guidance after returning to earnings growth

  10-11-2015 08:54 via rocketnews.com
  LONDON (Reuters) – Britain’s Vodafonereported a better-than-expected acceleration in revenue growth in the second quarter, helping it return to earnings growth for the first half and nudge its annual expectations towards the top of its guidance.The world’s second largest mobile operator posted second quarter organic service revenue growth of 1.2 percent, an improvement on the 0.8 percent it saw in the first quarter and ahead of the 0.9 percent analysts were expecting. Core earn
  
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