Analyst news

• US Dollar Remains in Control, but Can it Really Hold its Gains?

  13-11-2015 23:50
  
  The US Dollar rallied to fresh multi-month highs versus the Euro and other major counterparts as investors bought into the previous week’s breakout.
  
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• UPDATE 1-KaloBios to wind down operations, liquidate assets

  13-11-2015 23:45
  Nov 13 (Reuters) - KaloBios Pharmaceuticals Inc is winding down its operations, a week after the drug developer said it was looking at strategic options.
  
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• Wall Street drops, posts worst week since August

  13-11-2015 23:37 via news.yahoo.com
  
  "The geopolitical aspect is always out there, and anything that brings that back into the headlines will pull the buy orders fairly quickly," said Alan Lancz, president, Alan B. Lancz & Associates Inc, a Toledo, Ohio-based investment advisory firm. It was the second-biggest drag on the S&P 500 and the Nasdaq, weighing on shares of tech heavyweights, including Apple and Facebook . Nordstrom lowered its full-year forecast on Thursday, spooking investors already on edge after Macy's cut its
  
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• Nasdaq in talks to buy Chi-X Canada for about $100 million: Report

  13-11-2015 23:22 via news.yahoo.com
  
  (Reuters) - Nasdaq Inc is in talks to buy the Canadian unit of alternative equities trading platform, Chi-X Global Holdings, according to a Bloomberg report that appeared on The Globe and Mail. A deal would value Chi-X Canada at about $100 million, the report said, citing people familiar with the matter. Chi-X Canada declined to comment.
  
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• Investors face quagmire of falling earnings, higher rates

  13-11-2015 23:08 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Investors may wade into unknown territory next month as the Federal Reserve readies the first rate hike in nearly a decade amid a corporate earnings recession. S&P 500 earnings are on track to close their first reporting season of negative growth since the Great Recession and estimates call for sub-zero growth in the current quarter as well. "We can't think of any instances when the Fed was hiking during an (earnings) recession," said Joseph Zidle, port
  
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• Retail gets slammed as stocks have second-worst week of year

  13-11-2015 23:05 via news.yahoo.com
  
  NEW YORK (AP) — The stock market slumped to its second-biggest weekly loss of the year Friday, breaking a streak of six consecutive weeks of gains. Fears that the holiday shopping season will be a dud tanked retail stocks.
  
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• Wall Street drops, ends worst week since August

  13-11-2015 22:37 via news.yahoo.com
  
  It was the second-biggest drag on the S&P and the Nasdaq and pulled down shares of tech heavyweights including Apple and Facebook. Nordstrom lowered its full-year forecast on Thursday, spooking investors already on edge after Macy's cut its forecast on Wednesday.
  
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• EUR/USD Traders Keep Long Positions as Price Nears 7 Month Lows

  13-11-2015 21:47
  
  The number of EUR-USD long traders remain near 2015 yearly highs. Elliott Wave patterns suggest higher probability of continued selling medium term.
  
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• EUR/USD Indecision (Weekly Doji) at 30 Year Trendline

  13-11-2015 21:35
  
  In line with the broader trend, 9 months of sideways trade in GBP/USD has resolved to the downside. Focus is on the lower parallel supports that cross lows over the last several years
  
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• GM to import Chinese-made Buick Envision to U.S.

  13-11-2015 21:13 via news.yahoo.com
  
  General Motors Co. plans to start importing Chinese-made Buick Envision SUVs to the U.S., starting in 2016, according to a report in the Wall Street Journal. It would be the first automaker to import cars made in China to the U.S. About 30,000 cars would be imported next year. The Envision is made in GM's plant in Shandong, a joint venture with a Chinese partner that until now has made vehicles for the domestic market.
  
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• Tech and retailers pull Wall Street sharply lower

  13-11-2015 21:09 via news.yahoo.com
  
  U.S. stock indexes fell sharply on Friday, weighed down by a selloff in technology companies after a disappointing forecast from Cisco, while department stores dropped on concerns about the key holiday shopping season. Dow component Cisco fell 6.4 percent after it gave a weak forecast, citing a slowdown in orders and weak spending outside the United States. It was the second-biggest drag on the S&P and the Nasdaq and pulled down shares of tech heavyweights including Apple and Oracle.
  
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• Higher spend on essentials, online bargains hit U.S. dept stores

  13-11-2015 21:03 via news.yahoo.com
  
  Trouble at Nordstrom - seen as head-and-shoulder above rivals such as Macy's Inc and cheaper retailers including Kohl's Corp in terms of style, quality and customer service - may indicate a permanent shift in the way people shop and what they buy, analysts said. "The confusing disconnect between the seemingly strong health of the high-end U.S. consumer on paper and actual retailer results is much more a reflection of the tectonic shifts across the retail landscape," Evercore analysts said in a n
  
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• October’s $10,000 Challenge Winner

  13-11-2015 20:19
  
  FXCM and DailyFX are happy to announce our $10,000 Monthly Challenge winners for the month of October. Learn more about October’s contest here!
  
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• UPDATE 3-Perrigo shareholders snub drugmaker Mylan's $26 bln hostile bid

  13-11-2015 19:23
  * Perrigo shares fall as much as 10 pct (Adds analysts comments, background; updates shares)
  
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• AUD/USD Preserves Descending Channel Formation Ahead of RBA Minutes

  13-11-2015 19:05
  
  AUD/USD may continue to give back the advance from earlier this week should the RBA show a greater willingness to further embark on its easing cycle.
  
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• FTSE hits six-week low as G4S and Rolls-Royce fall

  13-11-2015 17:50
  LONDON Nov 13 (Reuters) - Britain's top share index slid to a six-week low on Friday as Rolls-Royce stayed on a losing streak and security group G4S was hit by a broker's target-price cut.
  
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• FTSE reaches six-week low as G4S and Rolls-Royce fall

  13-11-2015 16:11
  LONDON Nov 13 (Reuters) - Britain's top share index slid to a six-week low on Friday as Rolls-Royce stayed on a losing streak and security group G4S was hit by a broker's target-price cut.
  
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• GDP/USD Tests Resistance on Disappointing U.S. Data

  13-11-2015 15:45
  
  U.S. Advanced Retail Sales printed worse than expected this morning. Learn what this means for the GBP/USD with the Chart of the Day!
  
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• GBP/USD Tests Resistance on Disappointing U.S. Data

  13-11-2015 15:45
  
  U.S. Advanced Retail Sales printed worse than expected this morning. Learn what this means for the GBP/USD with the Chart of the Day!
  
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• What in the World is the Fed Doing, and How Can an Investor Respond?

  13-11-2015 15:32
  
  With all of the banter about 'lift-off,' the Fed is trying to change the conversation to 'pace of tightening.' But does that even matter anymore?
  
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• Price & Time: EUR/JPY - Flirting With Cyclical Breakdown

  13-11-2015 15:25
  
  The EUR/JPY is currently meandering around key Fibonacci levels. Last week's low levels represent a key level in the cross.
  
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• Stock futures drop ahead of consumer sentiment data

  13-11-2015 14:57 via rocketnews.com
  By Abhiram Nandakumar(Reuters) – U.S. stock indexes were set to open lower on Friday as weaker-than-expected October retail sales data and department store chains lowering forecasts fueled fears of a slowdown in demand ahead of the key holiday selling season.
  Data showed U.S. retail sales rose 0.1 percent in October, missing the 0.3 percent forecast, suggesting a slowdown in consumer spending that could temper expectations of a strong pickup in fourth-quarter economic growth.
  Department st
  
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• AUD/USD: rise in demand for the USD expected

  13-11-2015 14:32 via liteforex.com
  Forex analytics: Current trendThe AUD/USD pair was declining significantly. The pair was under pressure from favorable US labour market statistics and growing demand for the American currency amid expectations of a hike in the US interest rates.This week, when Australia released strong labour market and Home Loans statistics, the pair turned up and started growing. Negative US Initial Jobless Claims indicator ...
  
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• Make or Break Day for the USDOLLAR Index?

  13-11-2015 13:45
  
  Data today carries significant weight for the US Dollar's near-term prospects.
  
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• Stock futures drop ahead of retail sales, consumer sentiment data

  13-11-2015 13:36 via news.yahoo.com
  
  * Wall Street suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike. * The Dow and S&P 500 closed below their 200-day moving averages, which some traders believe portends additional declines. * Concerns of a global economic slowdown continued to weigh on commodity prices on Friday, but crude prices recovered slightly from a sharp drop on
  
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• Low industrial growth, rising inflation drag Indian equities

  13-11-2015 13:26 via news.yahoo.com
  
  New Delhi, Nov 13 (IANS) The double whammy of a fall in the industrial output growth and rising retail inflation dragged key Indian stock market indices on Friday to their lowest level in six weeks. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened lower at 25,724.09 points, against the previous close at 25,866.95. The situation was similar at the National Stock Exchange.
  
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• Higher spend on essentials, online bargains hit U.S. department stores

  13-11-2015 13:11 via news.yahoo.com
  
  Trouble at Nordstrom - seen as head-and-shoulder above rivals such as Macy's Inc and cheaper retailers including Kohl's Corp in terms of style, quality and customer service - may indicate a permanent shift in the way people shop and what they buy, analysts said. "The confusing disconnect between the seemingly strong health of the high-end U.S. consumer on paper and actual retailer results is much more a reflection of the tectonic shifts across the retail landscape," Evercore analysts said in a n
  
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• XAG/USD: precious metals fell

  13-11-2015 13:07 via liteforex.com
  Forex analytics: Current trendThe price of silver keeps falling and remains near its 6-year lows.At the same time, after the publication of strong NFPR data for October last week the possibility of an interest rates hike in the US in December significantly increased. That also led to a fall in the US stock market indices, as well as in commodities and precious metals prices, while the USD strengthened.The ...
  
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• The DAX 30 Tries to Levitate, Whilst the FTSE 100 and S&P 500 Sink

  13-11-2015 12:56
  
  Keep an eye on the October 27 low at 10,687. Break to this level and the DAX turns bearish.
  
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• China to double deposit for stock margin trading: exchange

  13-11-2015 12:40 via news.yahoo.com
  
  China will double the deposit required for investors to borrow funds to trade stocks –- known as margin trading -- the Shanghai stock exchange said Friday, as authorities seek to limit a practice that created a massive market bubble. Both the Shanghai and Shenzhen stock exchanges will increase the minimum requirement for margin trading to 100 percent from 50 percent, the Shanghai bourse said on its official microblog. Margin trading was behind a stock market rally that sent the Shanghai in
  
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• US pre-open: Wall Street poised for flat open ahead of retail sales data

  13-11-2015 12:15 via news.yahoo.com
  
  (ShareCast News) - US stock futures pointed to a flat open on Friday, as investors awaited data on retail sales and consumer confidence.
  
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• EUR/USD Little Changed on Limited Impact From Mixed GDP

  13-11-2015 12:11
  
  The Euro was little changed versus the US Dollar after Mixed GDP figures didn’t seem to impact monetary policy bets.
  
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• Low industrial growth, higher inflation drag Indian equities

  13-11-2015 12:04 via news.yahoo.com
  
  New Delhi, Nov 13 (IANS) The double whammy of a fall in the industrial output growth and rising retail inflation dragged key Indian stock market indices on Friday. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened lower on Friday at 25724.09 points, against the previous close at 25866.95. The situation was similar at the National Stock Exchange.
  
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• Britain's FTSE retreats on Rolls-Royce repercussions

  13-11-2015 11:05
  LONDON Nov 13 (Reuters) - UK shares edged lower on Friday, pulled down by Rolls-Royce's continued losing streak and security group G4S, hit by a broker target price cut.
  
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• Will HSBC Holdings plc’s China Partnership Help Supercharge The Bank’s Earnings?

  13-11-2015 11:03 via rocketnews.com
  
  View photo
  .HSBC Holdings (LSE: HSBA) is moving into uncharted waters as the bank pursues a joint venture with Chinese partner, Shenzhen Qianhai Financial Holdings.
  Although, while the waters are uncharted, some of the HSBC’s peers have been here before, but almost all other east-west tie-ups have ended in tears. Morgan Stanley was one of the last western banks to try and make a name for itself in Asia by tying up with a local partner, but the bank left in a hurry five years ago.
  
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• NZD/USD Technical Analysis: Waiting for Spark Near 0.65 Figure

  13-11-2015 10:14
  
  The New Zealand Dollar continues to tread water against its US namesake, with prices waiting for new direction cues above near a familiar horizontal pivot near the 0.65 figure.
  
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• FTSE 100 May Bounce as Traders Book Profits Ahead of U.S. Retail Sales

  13-11-2015 10:10
  
  The FTSE 100 has stabilized after yesterday�s steep decline, but still stands to meet our second target of 6100 over the next 1 to 2 trading sessions. A profit target level for bearish traders beyond 6100 is the October 2 low of 6047.
  
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• UPDATE 1-Softcat surges over 20 pct in London debut

  13-11-2015 10:08
  Nov 13 (Reuters) - Shares in Softcat Plc surged more than 20 percent in their trading debut in London on Friday, after the IT infrastructure provider's initial public offering (IPO) was priced at 240...
  
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• EUR/GBP Technical Analysis: Profit Booked on Short Trade

  13-11-2015 10:02
  
  The Euro looks like it may be readying a move higher against the British Pound after prices broke above falling trend line resistance set from mid-October.
  
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• USD/CHF: US dollar stopped growing

  13-11-2015 09:45 via liteforex.com
  Forex analytics: Current trendOn Thursday, the US dollar declined against the majority of its counterparts, and the Swiss franc managed to step away from its local lows, hit earlier on Tuesday.The American currency was under pressure from recent statements, made by the Federal Reserve officials. Thus, William Dudley, the New York Fed president, noted that inflation is still too low and a fast growth of the US ...
  
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• Euro Little Changed as German Economy Continues Moderate Growth

  13-11-2015 09:28
  
  The Euro was little changed versus the US Dollar as German GDP came in line with expectations, as the market awaits Eurozone’s data.
  
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• Why Earnings Are About To Surge At Vodafone Group plc, Hikma Pharmaceuticals Plc And Dixons Carphone PLC

  13-11-2015 09:22 via news.yahoo.com
  
  Royston Wild takes a look at the growth picture over at Vodafone Group plc (LON: VOD), Hikma Pharmaceuticals Plc (LON: HIK) and Dixons Carphone PLC (LON: DC).
  
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• EUR/JPY: pair strengthened

  13-11-2015 09:11 via liteforex.com
  Forex analytics: Current trendOn Thursday, the EUR/JPY pair slightly strengthened as it was supported by positive macroeconomic statistics from the eurozone and by the falling USD.September data on Industrial Production showed an increase against the previous year by 1.7% that came out substantially better expectations of economists that predicted a 1.3% growth. At the same time, the index fell against the ...
  
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• AUD/USD to Preserve Bearish Channel on Upbeat U.S. Retail Sales

  13-11-2015 09:00
  
  A pickup in U.S. Retail Sales may undermine the near-term rebound in AUD/USD as the pair continues to carve a bearish formation.
  
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• London pre-open: Stocks to start lower ahead of busy data schedule

  13-11-2015 08:57 via news.yahoo.com
  
  (ShareCast News) - Stocks were being called to start lower as selling on Wall Street on the previous night night carried over into Friday's session and ahead of a busy schedule on the macroeconomic front, ...
  
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• XAU/USD: gold renews lows

  13-11-2015 08:39 via liteforex.com
  Forex analytics: Current trendOn Thursday, the price of gold fell to its 5-year lows. The Bearish trend accelerated amid macroeconomic statistics form the US than strengthened expectations of an interest rates hike on the US in December.The number of Jobs Openings in September grew from 5.377 to 5.526 million against a forecasted fall to 5.370 million. However, the number of Initial Jobless Claims for the ...
  
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• Gold, Copper Collapse under Rate Hike Prospect and China Credit Slump

  13-11-2015 08:06
  
  Metals plunge after a slump in China’s new loans threatens demand. Gold sinks as Fedspeak supports lift-off. Oil dives to stock build report
  
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• Euro May Overlook 3Q GDP Data, US Dollar Eyes Retail Sales Report

  13-11-2015 07:43
  
  The Euro may overlook improved third-quarter GDP figures as ECB easing speculation looms large. The US Dollar may rise if Retail Sales data tops estimates.
  
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• UPDATE 1-Thailand's AIS, True shares rise after winning 4G spectrum auction

  13-11-2015 07:42
  * Citigroup cuts target prices, UBS underweight on sector (Adds analysts, company comments)
  
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• News of the day. Friday 13.11.2015

  13-11-2015 07:26 via liteforex.com
  Forex analytics: For market participants the day will start with the news from Germany where at 9 am (all times stated in GMT +2) preliminary GDP data for the third quarter is due. According to forecasts, the GDP growth can slow from 0.4% to 0.3%. Preliminary data on the GDP for the eurozone is due at 11 am. Against the previous quarter, the index is expected to remain unchanged at 0.4%, and to grow from 1.5% to ...
  
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