Analyst news

• AUD/USD Technical Analysis: A Top in Place Below 0.73?

  23-11-2015 23:58
  
  The Australian Dollar ran into resistance below the 0.73 figure after recovering to the highest level in a month against its US namesake.
  
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• WTI Crude Oil Price Forecast: Saudi Statement Give Bulls Hope

  23-11-2015 22:56
  
  RSI & Saudi Arabia come together to bring an encouraging developement for Crude bulls.
  
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• Wall Street falls after strong week; Pfizer and Allergan drag

  23-11-2015 22:45 via news.yahoo.com
  
  Pfizer's announcement of what is expected to be the biggest-ever healthcare deal pushed its shares down 2.6 percent making it one of the biggest drags on the S&P. Target company Allergan closed 3.4-percent lower after the $160 billion deal announcement. "Today was a dull day unless you're involved in Pfizer or Allergan. Away from that, it's kind of aimless," said Brian Fenske, head of sales trading at ITG in New York.
  
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• China Shakes things Over the Weekend - What you Need to Know

  23-11-2015 22:35
  
  Recent announcements from the People’s Banks of China (PBOC) have fairly important implications for Chinese markets and global FX traders. Here’s what you need to know.
  
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• US STOCKS-Wall Street falls after strong week, Pfizer and Allergan drag

  23-11-2015 21:41 via rocketnews.com
  * Pfizer(NYSE: PFE – news) , Allergan (NYSE: AGN – news) drop after biggest-ever healthcare deal* Energy stocks helped by Saudi move to stabilize prices
  * Alcoa (NYSE: AA – news) up as Elliott takes stake
  * Indexes down: Dow 0.15 pct, S&P 0.12 pct, Nasdaq (NasdaqGS: NDAQ – news) 0.02 pct (Updates to afternoon, adds commentary changes byline)
  By Sinead Carew
  Nov 23 (Reuters) – U.S(Other OTC: UBGXF – news) . stock indexes turn negative inafternoon trading on
  
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• Webinar: Dollar Crosses at Key Juncture Ahead of US Holiday

  23-11-2015 20:40
  
  Setups we’re tracking into the shortened holiday week with the USD poised for its next big move. Here are the updated targets & invalidation levels that matter.
  
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• U.S. Federal Reserve awards $144.6 billion reverse repos

  23-11-2015 20:21 via news.yahoo.com
  
  The Federal Reserve on Monday awarded $144.6 billion of overnight fixed-rate reverse repurchase agreements to 50 bidders at an interest rate of 0.05 percent, the New York Fed said on its website. This was the biggest award since Oct. 30, when the Fed awarded $225.33 billion to 79 bidders at the same rate. On Friday, the Fed had allotted $122.99 billion in three-day reverse repos to 50 bidders, including Wall Street dealers, money market mutual funds and mortgage finance agencies, also at an inte
  
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• Fed to meet on Dodd-Frank emergency lending changes on Nov. 30

  23-11-2015 19:51 via news.yahoo.com
  
  WASHINGTON (Reuters) - The U.S. Federal Reserve said on Monday it would meet on Nov. 30 to discuss implementation of amendments to its emergency lending authority under the Dodd-Frank Wall Street reform law. The Fed said in a statement on its website that the public meeting would be held at 8:30 a.m. EST (1330 GMT). (Reporting by Timothy Ahmann, editing by G Crosse)
  
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• GBP/USD November Rebound at Risk on Dovish BoE Testimony

  23-11-2015 18:55
  
  GBP/USD may continue to give back the rebound from earlier this month should the Bank of England (BoE) look to further delay its normalization cycle.
  
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• Wall Street edges up, helped by material and energy stocks

  23-11-2015 17:58 via news.yahoo.com
  
  Wall Street edged higher in late morning trading on Monday, helped by gains in materials and energy stocks, but trading was subdued in the run-up to Thursday's Thanksgiving holiday. Crude oil prices recovered from earlier losses after Saudi Arabia agreed to cooperate with other producers to stabilize prices. Pfizer's shares fell 3 percent to $31.20, after the company said it would buy Allergan in a deal valued at about $160 billion, the biggest ever in the healthcare sector.
  
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• Waste Giant Biffa Invites £1bn Takeover Bids

  23-11-2015 17:55 via news.yahoo.com
  
  One of Britain's biggest waste management groups is running a secret process to sell itself for as much as £1bn as it prepares to unveil an improved set of half-year results. Sky News has learnt that shareholders in Biffa, one of the industry's most prominent names, have asked prospective bidders for the company to table offers by the end of Tuesday as they continue to monitor market conditions for a stock market flotation. A number of industry rivals - including Suez - and leading private
  
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• U.S. home sales fall; prices push higher

  23-11-2015 17:53 via news.yahoo.com
  
  U.S. home resales fell more than expected in October, with large declines in regions which have experienced the biggest price gains, suggesting some softening in the pace of the housing market recovery after strong gains early this year. The National Association of Realtors said on Monday existing home sales declined 3.4 percent to an annual rate of5.36 million units. The housing index rose 0.61 percent, outperforming the overall stock market.
  
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• Wall St. edges up, helped by material and energy stocks

  23-11-2015 17:34 via news.yahoo.com
  
  Wall Street edged higher in late morning trading on Monday, helped by gains in materials and energy stocks, but trading was subdued in the run-up to Thursday's Thanksgiving holiday. Crude oil prices recovered from earlier losses after Saudi Arabia agreed to cooperate with other producers to stabilize prices. Pfizer's shares fell 3 percent to $31.20, after the company said it would buy Allergan in a deal valued at about $160 billion, the biggest ever in the healthcare sector.
  
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• Pressured by dollar gains, commodities hit 13-year low

  23-11-2015 17:34 via news.yahoo.com
  
  A measure of commodity prices hit its lowest in 13 years before bouncing back as the expectation of higher interest rates in the United States lifted the dollar to its highest in eight months. Stocks in major markets ticked lower after five days of gains and the euro fell as low as $1.0599, a seven-month low as the prospect of more policy easing by the European Central Bank was compounded by a security lockdown in Brussels. Wall Street opened higher, led by gains in cyclical sectors and consumer
  
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• Pressured by dollar gains, commodities hit thirteen-year low

  23-11-2015 17:33 via news.yahoo.com
  
  A measure of commodity prices hit its lowest in 13 years before bouncing back as the expectation of higher interest rates in the United States lifted the dollar to its highest in eight months. Stocks in major markets ticked lower after five days of gains and the euro fell as low as $1.0599, a seven-month low as the prospect of more policy easing by the European Central Bank was compounded by a security lockdown in Brussels. Wall Street opened higher, led by gains in cyclical sectors and consumer
  
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• USD Setting Up While Oil, Copper Continue to Bleed

  23-11-2015 15:51
  
  Thursday is a holiday in the United States, but heavy data on Tuesday and Wednesday could bring USD-volatility ahead of ECB and NFP.
  
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• COT - Largest AUD Net Spec Short Position Since March

  23-11-2015 15:46
  
  Speculators may have turned too bearish too quickly on commodity currencies. For example, the net short position for AUD is the largest since near the March low.
  
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• Brent: growth expected

  23-11-2015 14:02 via liteforex.com
  Forex analytics: Current trendLast week the price of Brent crude oil was trading along a sideways channel.Oil is pressured by growing output in the OPEC countries and in Iraq, while main oil consumers reduce their imports, and strengthening US Dollar that since the middle of October grew against the basket of major currencies by 4%. Furthermore, the number of functioning oil pumps in the US keeps falling ...
  
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• Silver Prices Are Now Eying $13.80, PMI On Tap

  23-11-2015 13:39
  
  Silver prices fell to new yearly lows as trading opened for the new week. The reason for the last price decline is said to be comments by San Francisco Fed President John Williams
  
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• Futures flat as S&P comes off best week in nearly a year

  23-11-2015 13:38 via rocketnews.com
  By Abhiram Nandakumar(Reuters) – U.S. stock index futures were little changed on Monday, coming off strong gains last week, with the S&P 500 posting its biggest gains in almost a year and the Dow Jones industrial average turning positive for the year. ** Commodities prices tumbled on Monday on worries about oversupply and tepid demand. Brent crude prices fell more than 2 percent, while copper and metal prices languished at multi-year lows. [O/R] [MET/L] * The dollar index <.DXY>
  
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• Sliding commodity prices hit stock markets

  23-11-2015 12:45 via news.yahoo.com
  
  London's stock market dropped Monday, as sliding metals and oil prices hurt heavyweight mining and energy companies. Meanwhile growing confidence that the US will raise interest rates next month boosted the dollar, in turn hurting the euro which struck a seven-month low also on speculation of more stimulus from the European Central Bank (ECB). "After a very positive stretch for equity markets last week, a sharp fall in commodity prices has sent the UK market lower," said Rebecca O'Keeffe, head o
  
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• FTSE 100 Trades Lower On Soft Commodities

  23-11-2015 11:54
  
  With the DAX 30 taking a breather after last week's strong rally and commodity prices like copper trading lower in the overnight session, the FTSE 100 is back under pressure.
  
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• EUR/USD Little Changed After Positive November Markit Eurozone PMI

  23-11-2015 10:57
  
  The Euro was little changed versus the US Dollar after an upbeat Markit PMI, as Markit say PMI will not dissuade ECB
  
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• MIDEAST STOCKS-Saudi slips on weak oil; Egypt drops on corporate news

  23-11-2015 10:54 via rocketnews.com
  DUBAI, Nov 23 (Reuters) – Saudi Arabia’s stock marketslipped early on Monday because of weak oil prices, whileEgypt’s bourse also fell on negative corporate news. Brent crude oil dropped 2.1 percent in Asian tradeto below $44 a barrel. The Saudi stock index, which hadsurged 2.1 percent on Sunday, fell back 0.4 percent in the first90 minutes of trade. Real estate developer Dar Al Arkan dropped 0.8percent. Banks fell with Al Rajhi losing 1.5 percent. But top petrochemical produc
  
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• USD/JPY: pair weakened

  23-11-2015 10:49 via liteforex.com
  Forex analytics: Current trendIn the end of the last week, the USD/JPY pair declined from its local highs but today the growth resumed.The fall in the pair was the result of the Bank of Japan decision to leave current monetary policy unchanged maintaining the asset-purchasing program at 80 trillion Yen. In the accompanying commentaries, the regulator stated that inflationary expectations demonstrate stable ...
  
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• DJIA: growth is possible

  23-11-2015 10:35 via liteforex.com
  Forex analytics: Current trendPrior to Christmas and the New Year amid growing expectations of investors of an interest rates hike in the US in December, American stock indices keep strengthening.Last Friday the S&P 500 grew by 0.4%, Nasdaq Composite by 0.6% and Dow Jones Industrial Average by 0.5% that was the strongest weekly growth after the world markets slump in August.Today attention needs to be paid ...
  
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• Global stocks edge lower after series of gains

  23-11-2015 10:26 via rocketnews.com
  BEIJING (AP) — Global stocks were mostly lower Monday as momentum faded from a week of strong gains on Wall Street.
  KEEPING SCORE: In early trading, France’s CAC-40 shed 0.7 percent to 4,877.43 and Germany’s DAX declined 0.3 percent to 11,089.22. Britain’s FTSE 100 fell 0.5 percent to 6,301.90. Futures pointed to losses on Wall Street. Dow futures fell 0.1 percent to 17,780.00 and S&P 500 futures shed 0.1 percent to 2,085.60. Last week, U.S. stocks recorded their bes
  
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• Copper and Oil Flip over Tumbling Demand while Production Is Aplenty

  23-11-2015 09:45
  
  Copper falls past 2009 low, oil tackles $40 as demand slumps all around while production persists. Gold loses out to US rate hike bets
  
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• GBP/USD: pair lost most of its positions

  23-11-2015 09:13 via liteforex.com
  Forex analytics: Current trendAt the end of trading session on Friday, the British currency lost most of its positions as risk appetite is quite low ahead of Fed December meeting.Moreover, the GBP/USD pair is under pressure from not so favorable Retail Sales statistics for October, released in the UK last Thursday. On a monthly basis, Retail Sales declined by 0.6% against a 1.7% growth in the previous month. ...
  
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• DAX 30: Break of 11,154 May trigger Further Gains, PMIs on Tap

  23-11-2015 09:12
  
  he DAX 30 remains in a short-term upward trend and a sustained break to Thursday's high of 11,154 may open for a rally towards the psychological level of 11,250
  
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• Asian shares, dollar rise on expectations of US rate increase

  23-11-2015 08:35 via news.yahoo.com
  
  Growing confidence that the US will raise interest rates next month boosted the dollar in Asia on Monday, where shares took heart from a rally on Wall Street. US stocks capped their best week this year on Friday as investors digested growing signs the Federal Reserve thinks the world's top economy is srong enough to handle a rate rise next month. The euro, meanwhile, fell after European Central Bank chief Mario Draghi on Friday hinted the lender could unleash further stimulus to boost stubbornly
  
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• US close: S&P closes out best week in 2015

  23-11-2015 08:33 via news.yahoo.com
  
  (ShareCast News) - A benchmark for US shares finished the week with its largest gain in a year, bolstered by so-called consumer discretionary and healthcare stocks, as investors continued to react positively ...
  
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• EUR/USD: pair resumed fall

  23-11-2015 08:33 via liteforex.com
  Forex analytics: Current trendIn the end of the last week, the EUR/USD pair continued falling and returned to its local lows.The decline in the pair came as the result of commentaries by ECB President Mario Draghi who stated that the regulator is ready to apply additional stimulus measures to battle low inflation in the eurozone. Further easing could start at the nearest ECB meeting in December and include ...
  
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• News of the day. Monday 23.11.2015

  23-11-2015 07:30 via liteforex.com
  Forex analytics: On Monday, there are no many important publications, which could significantly affect dynamics in currencies. Nevertheless, attention needs to be paid to publications in Germany, the eurozone and the US. Preliminary data on Markit Manufacturing and Services PMI’s for November is due in Germany at 10:30 am (all times stated in GMT +2). The indices are calculated based on surveys of purchasing ...
  
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• Euro May Rise as PMI Data Triggers Short-Covering

  23-11-2015 05:59
  
  The Euro may rise if the preliminary set of November’s Eurozone PMI data tops expectations, triggering the unwinding of short positions.
  
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• Asia stocks rise on momentum from Wall Street, ECB

  23-11-2015 05:41 via news.yahoo.com
  
  BEIJING (AP) — Asian stock markets mostly rose Monday following Wall Street's strong gains last week and the chief European central banker's comment that the ECB will consider more stimulus.
  
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• Ten Chinese firms look to raise nearly $500 million through IPOs

  23-11-2015 03:21 via news.yahoo.com
  
  SHANGHAI (Reuters) - Ten Chinese firms on Monday applied for approval to raise over three billion yuan ($469.96 million) through mainland listings, as regulators restart initial public offerings (IPO) after a near five-month hiatus. Among the companies that filed their plans to the Shanghai and Shenzhen stock exchanges were toy building block maker BanBao and outdoor power equipment firm Topsun. China's securities regulator said last Friday that 10 companies had completed their IPO preparations.
  
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• Amid Holiday, EUR/USD Prepares for Huge First Week of December

  23-11-2015 02:45
  
  Markets are looking right through to the end of the first week of December, and for good reason: the ECB has its last policy meeting of 2015; Federal Reserve Chair Janet Yellen gives testimony in front of Congress; and the November US Nonfarm Payrolls report will be released. It’s going to be a very important few days.
  
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• Report: Pfizer, Allergan close to $150 billion merger deal

  23-11-2015 00:51 via news.yahoo.com
  
  NEW YORK (AP) — Pfizer Inc. and Allergan PLC are on the cusp of reaching a $150 billion deal that would create the world's largest drugmaker by sales, The Wall Street Journal reported Sunday, citing unnamed people familiar with the matter.
  
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