Analyst news

• Euro off as ECB seen easing further; Wall Street ends flat

  25-11-2015 23:11 via news.yahoo.com
  
  By Rodrigo Campos and Dion Rabouin NEW YORK (Reuters) - The U.S. dollar gained and the euro briefly hit a seven-month low on Wednesday in a volatile session on views the European Central Bank will ease monetary policy further, including buying more debt and charging banks for hoarding cash. U.S. Treasury debt prices were supported by record low yields for German government bonds and data that underscored the view of muted domestic inflation.
  
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• CORRECTED-UPDATE 2-EPA asks court to withdraw registration of Dow herbicide

  25-11-2015 22:44
  CHICAGO, Nov 25 (Reuters) - The U.S. Environmental Protection Agency (EPA) is seeking court approval to withdraw registration of Dow Chemical Co's new herbicide Enlist Duo, as the agency studies new...
  
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• Wall Street indexes flat in pre-holiday lull; health, consumer up

  25-11-2015 22:30 via news.yahoo.com
  
  "The news this morning was a little better than worse, so the market went up," said Peter Costa, president of Empire Executions Inc, citing mixed economic data. The Dow Jones industrial average rose 1.2 points, or 0.01 percent, to 17,813.39, the S&P 500 lost 0.27 points, or 0.01 percent, to 2,088.87 and the Nasdaq Composite added 13.34 points, or 0.26 percent, to 5,116.14.
  
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• US Dollar Likely to Strengthen versus Canadian Dollar

  25-11-2015 21:00
  
  Retail forex traders remain aggressively short the US Dollar versus the Canadian Dollar, and a contrarian view of crowd sentiment keeps us focused on further USD/CAD gains.
  
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• S&P 500 Remains in Position to Rally

  25-11-2015 21:00
  
  Retail speculators continue selling aggressively into SPX500 gains—a CFD which tracks the fair value of the S&P E-mini futures contract. If the crowd is selling we typically look to buy, and a contrarian view of ‘the herd’ mentality keeps us focused on further near-term strength.
  
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• New Zealand Dollar Outlook Remains Positive

  25-11-2015 21:00
  
  Retail FX traders remain marginally net-short the New Zealand Dollar versus the US Dollar, and a contrarian view of crowd sentiment leaves us watching for further NZD/USD gains. It was last week that we noted a marked shift towards selling warned of a near-term turn higher in the NZD. And until we see the opposite—crowds buying—we see little reason to alter our near-term forecast.
  
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• Gold Price Forecast to Fall Further versus Dollar

  25-11-2015 21:00
  
  Retail forex traders remain aggressively long Gold versus the US Dollar, and a contrarian view of crowd sentiment warns of further near-term weakness.
  
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• Euro Forecast Turns Bearish as Crowds Buy

  25-11-2015 21:00
  
  One-sided retail FX trader sentiment warns that the Euro may continue lower against the US Dollar. The majority of traders in our sample remain long the EUR/USD, and a contrarian view of trader sentiment leaves us firmly bearish.
  
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• British Pound Expected to Trade Lower

  25-11-2015 21:00
  
  Aggressively one-sided retail forex trader sentiment warns that the British Pound may continue lower versus the US Dollar.
  
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• AUD/NZD Pullback Testing Pivotal Support

  25-11-2015 20:46
  
  A multi-year slope pivot appears to be providing interim support after hitting two-month highs this week. Here are the updated targets & invalidation levels that matter.
  
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• Deere sees weak equipment sales in 2016 as farm economy remains soft

  25-11-2015 20:38 via rocketnews.com
  By Meredith Davis(Reuters) – Deere & Coon Wednesday reported a drop in quarterly earnings that was not as steep as Wall Street expected and gave a less dire outlook than analysts had feared, saying it was well-positioned to weather a worsening slump in demand for its farm equipment. Shares of the maker of John Deere tractors were up 4 percent at $79.40 in afternoon trading.Chief Financial Officer Raj Kalathur told analysts on a conference call that while the company forecasts its third
  
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• UPDATE 2-EPA withdraws registration for Dow's Enlist Duo herbicide

  25-11-2015 19:48
  CHICAGO, Nov 25 (Reuters) - The U.S. Environmental Protection Agency (EPA) said on Wednesday it had pulled its approval of Dow Chemical Co's new herbicide Enlist Duo as the agency studies new...
  
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• USD/JPY Continues to Coil Ahead of Japan CPI, Month-End Flows

  25-11-2015 19:25
  
  Following the breakout from earlier this month, USD/JPY appears to be coiling for a move higher as it preserves the range from the previous week.
  
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• Wall Street clings to meagre gains ahead of Thanksgiving

  25-11-2015 19:13 via rocketnews.com
  By Abhiram NandakumarREUTERS – Wall Street was slightly higher in quiet trading on Wednesday morning, led by healthcare and consumer stocks after a flood of data that suggested that the U.S. economy was growing modestly.The data left intact expectations that the Federal Reserve will raise interest rates for the first time since 2006 when it meets for the last time this year on Dec. 15-16. Worries about the fallout from the downing of a Russian warplane by Turkey, which weighed on stocks on
  
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• Wall Street clings to meager gains ahead of Thanksgiving

  25-11-2015 19:03 via rocketnews.com
  By Abhiram Nandakumar(Reuters) – Wall Street held onto meager gains in subdued trading on Wednesday, underpinned by healthcare and consumer stocks after a flood of data suggested the U.S. economy was growing modestly.
  The data left intact expectations that the Federal Reserve will raise interest rates for the first time since 2006 when it meets for the last time this year on Dec. 15-16.
  Worries about the fallout from the downing of a Russian warplane by Turkey, which weighed on stocks on T
  
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• Euro falls; strong dollar weighs on oil

  25-11-2015 18:59 via rocketnews.com
  By Rodrigo CamposNEW YORK (Reuters) – The dollar gained and the euro fell as far as a seven-month low on Wednesday following a Reuters report that the European Central Bank is weighing further easing monetary policy soon, including buying more debt and charging banks for hoarding cash.The policy divergence between the ECB and the Federal Reserve, which is seen raising rates as soon as next month, helped propel the dollar index to its highest level since March, which pushed oil and commodit
  
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• UPDATE 3-Spain's Abengoa starts insolvency proceedings, shares dive

  25-11-2015 18:55
  * Abengoa's bankruptcy would be Spain's largest on record (Adds Abengoa removed from Ibex, details on company)
  
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• Wall Street inches higher as health, consumer stocks gain

  25-11-2015 17:58 via news.yahoo.com
  
  Wall Street was slightly higher in quiet trading on Wednesday morning, led by healthcare and consumer stocks after a flood of data that suggested that the U.S. economy was growing modestly.The data left intact expectations that the Federal Reserve will raise interest rates for the first time since 2006 when it meets for the last time this year on Dec. 15-16. "The data that's already come out is going to be the key and I think the markets are probably going to be fairly lackluster today," said Mi
  
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• UK housebuilders end below highs on stamp duty plan, FTSE gains

  25-11-2015 17:43
  LONDON, Nov 25 (Reuters) - British housebuilders surrendered part of their hefty gains on Wednesday after British finance minister George Osborne announced plans to raise property tax for those who...
  
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• Price & Time: USD/CAD – Big Test Upcoming

  25-11-2015 17:25
  
  Timing window coming to an end over next few days, 1.3460 area remains important pivot zone.
  
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• Silver Prices: To Trade Lower On Strong U.S. Data

  25-11-2015 17:03
  
  Silver prices pull back from resistance and maintain their downward trend on U.S. data beating economist consensus expectations. News of ECB frontloading their stimulus ahead of the Christmas holiday is also keeping silver prices soft.
  
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• GBP/USD Inside Bar Breakout

  25-11-2015 16:10
  
  The GBP/USD continues to trade inside of yesterday’s high and low. Learn to trade the potential breakout with the Chart of the Day!
  
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• UK housebuilders trim gains on stamp duty plan, FTSE up

  25-11-2015 15:29
  LONDON, Nov 25 (Reuters) - UK housebuilders surrendered part of their hefty gains in afternoon trade on Wednesday after British finance minister George Osborne announced plans to raise property tax...
  
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• Pre-Holiday Data Keeps USD on Track versus EUR

  25-11-2015 15:15
  
  After today's data, US-German yield spreads continued to suggest a weaker EUR/USD.
  
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• The ECB Fires a Warning Signal, but Will They Deliver in December?

  25-11-2015 15:09
  
  Much of the world is walking into the December ECB meeting expecting an increase to QE, but if history is any guide, we may just have to wait.
  
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• USD/JPY Technical Analysis: 21-DMA Support Key for Bulls

  25-11-2015 15:04
  
  The Japanese Yen is unlikely to gain a foothold in G10FX without a true risk-off event or shake-up of the current paradigm of central bank-led markets.
  
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• Nigeria stocks recover from 9-month low after rate cut

  25-11-2015 14:33 via news.yahoo.com
  
  LAGOS (Reuters) - Nigerian stocks recovered from a nine-month low on Wednesday to gain 0.24 percent after the central bank announced a surprise interest rate cut aimed at stimulating lending in Africa's biggest economy. The stock market, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, erased seven days of losses to climb to 27,662 points. The index is down 20.4 percent this year. The index shed 3.3 percent in the seven-days before the central bank's decisio
  
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• US DOLLAR Technical Analysis: The Buck Remains Above Key Support

  25-11-2015 14:09
  
  The US Dollar has a lot going for it fundamentally, but the technical picture may encourage traders to wait for clarity.
  
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• EUR/USD: demand for risky assets continues declining

  25-11-2015 13:58 via liteforex.com
  Forex analytics: Current trendIn the second half of November, the EUR/USD pair has been declining steadily.Though Germany, the key economy of the eurozone, has released quite favorable macroeconomic data, the European currency still remains under pressure. Ahead of the Fed meeting, due in December, the demand for the US dollar keeps growing despite doubts about whether the Regulator will raise its interest ...
  
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• GBP/USD: waiting for today’s news

  25-11-2015 13:34 via liteforex.com
  Forex analytics: Current trendUK’s Treasury will publish its Autumn Forecast Statement for the next year today at 2:30 pm (GMT+2).The last statement was released in June and predicted the third quarter GDP growth of 0.6%, when the actual growth came out at 0.5%. Therefore, slowing rates of inflation and GDP growth will delay the monetary policy tightening cycle in the UK.A bloc of important news is going ...
  
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• ECB Financial Stability Review Signals Concern About Emerging Markets

  25-11-2015 13:01
  
  The Euro area financial system resilient to occasional bouts of volatility but emerging markets may hurt global confidence
  
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• FTSE advances, housebuilders rally ahead of spending review

  25-11-2015 12:53
  LONDON, Nov 25 (Reuters) - Britain's top share index advanced on Wednesday, as investors warmed to housebuilders ahead of Finance Minister George Osborne's planned increase in spending on the housing...
  
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• China securities body finds $166 billion error in CITIC Sec reports

  25-11-2015 12:28 via rocketnews.com
  By Shu ZhangBEIJING (Reuters) – CITIC Securities Co <600030.SS>, China’s biggest brokerage, overstated some of its financial derivatives by more than 1 trillion yuan ($166 billion) in monthly reports from April to September, the country’s securities association said.The Securities Association of China (SAC) said that CITIC reported inaccurate numbers in statistical reports on over-the-counter equity swap deals partly carried out during the summer’s stock market rout
  
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• UPDATE 2-Swiss Life shares jump after increased dividend promise

  25-11-2015 11:58
  * Aims to boost fees and commissions by 400-450 mln Sfr by 2018
  
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• Britain's FTSE advances, housebuilders rally ahead of spending review

  25-11-2015 11:16
  LONDON Nov 25 (Reuters) - British shares advanced on Wednesday as investors warmed to housebuilders ahead of finance minister George Osborne's planned increase in spending on the housing...
  
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• US Takata employees warned of airbag issues: report

  25-11-2015 10:39 via news.yahoo.com
  
  Employees at crisis-hit Takata, which was fined earlier this month in the United States for providing inaccurate information on airbag safety devices, warned of evasive practices as early as 2000, the Wall Street Journal reported. The defect is responsible for the death of eight people -- seven in the United States -- and has injured hundreds. Now it appears employees in the United States had warned of company transgressions as early as 2000.
  
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• MIDEAST STOCKS-CIB helps Egypt rebound; Saudi market flat

  25-11-2015 10:19 via news.yahoo.com
  
  DUBAI, Nov 25 (Reuters) - A bounce in shares of Commercial International Bank (CIB) helped Egypt's stock market rebound from near technical support early on Wednesday, while Saudi Arabia's market was flat. CIB, a traditional favourite of foreign investors, is down 22 percent from its level three weeks ago, hit by concern that Egypt might soon devalue its currency. Tourism revenues there are sagging in the wake of last month's apparent bombing of a Russian pasenger jet over the Sinai. However, th
  
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• DAX 30 - The Tides Are Turning

  25-11-2015 10:11
  
  The overall DAX 30 trend is bullish above 10,864 and traders will probably use a pullback in the DAX to add to their long exposure
  
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• Fed Rate Hike Cycle Doesn’t Necessarily Bode Well for US Dollar

  25-11-2015 10:00
  
  Higher interest rates tend to support a stronger currency. For the US Dollar, gains after a December Fed rate hike are anything but certain.
  
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• USD/CHF: Dollar is weakening

  25-11-2015 09:56 via liteforex.com
  Forex analytics: Current trendSince the beginning of this week the USD/CHF pair is falling.The pair is declining amid weakening across the market US Dollar, as traders prefer to take some profit prior to Thanksgiving Day.Nonetheless, the US economy demonstrates strong signs of recovery that raise chances of an interest rate hike in December. On Tuesday, preliminary data showed that the US GDP grew by 2.1% ...
  
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• FTSE 100: Panic Has Settled, I Remain Bullish

  25-11-2015 09:48
  
  Yesterday's panic has settled and the 6219 low is the FTSE 100's new trend defining level, with traders not long probably seeking an entry on a pullback
  
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• Muted earnings for Daejan Holdings

  25-11-2015 09:30 via news.yahoo.com
  
  (ShareCast News) - A disappointing period for Daejan Holdings, as the property investment firm reported muted earnings in its half-year report on Wednesday.
  
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• US Dollar May Rise on PCE Data, Thin Trade May Boost Volatility

  25-11-2015 09:18
  
  The US Dollar may rise as the Fed’s favored inflation gauge hits a 10-month high. Kneejerk volatility may be amplified in thinning pre-holiday trade.
  
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• EUR/JPY: downward dynamics develops

  25-11-2015 09:04 via liteforex.com
  Forex analytics: Current trendAt the beginning of the week, the EUR/JPY pair continued declining. However, it should be noted that the dynamics in the pair has been quite mixed due to various macroeconomic statistics and active speculations on further actions of the world's central banks.On Tuesday, the European currency gained support from favorable Business Climate statistics, released in Germany. In ...
  
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• AUD/USD: pair strengthened

  25-11-2015 08:57 via liteforex.com
  Forex analytics: Current trendYesterday the AUD/USD pair grew amid a correctional fall in the US Dollar.However, the pair remains under strong pressure due to the increasing possibility of an interest rate hike in the US at the December Fed meeting.The pair was growing yesterday despite quite strong GDP data for the third quarter in the US and dovish statements by RBA Governor Glenn Stevens who noted that ...
  
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• EXCLUSIVE - Three Goldman bankers leave for Uber as tech world raids Wall Street talent

  25-11-2015 08:39 via news.yahoo.com
  
  By Olivia Oran and Heather Somerville NEW YORK/SAN FRANCISCO (Reuters) - Three mid-level bankers in Goldman Sachs Group Inc's technology investment banking group in San Francisco have left to take positions at ride service company Uber Technologies Inc in recent months, people familiar with the matter told Reuters. The bankers are the latest to leave Wall Street banks for Silicon Valley startups, where the lure of more flexible hours - and in some cases stock options and share grants - can be ha
  
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• S&P/ASX 200 Technical Analysis: Repeated Rejection at Triple Top

  25-11-2015 08:03
  
  The S&P/ASX 200 declined for a second day after last week’s swift rise stopped short of resistance at 5305 again, forming a triple top similar to those seen in August and October.
  
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• News of the day. Wednesday 25.11.2015

  25-11-2015 07:28 via liteforex.com
  Forex analytics: Out of macroeconomic statistics that can affect dynamics in currencies today, it is worth paying attention to publications from the UK, the US and New Zealand. The Autumn Forecast Statement is due at 2:30 pm (all times stated in GMT+2) in the UK. The report includes a review of current state of the economy and its future prospects, and preliminary budget forecast for the next year. October ...
  
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• Exclusive - Three Goldman bankers leave for Uber as tech world raids Wall St. talent

  25-11-2015 07:08 via news.yahoo.com
  
  By Olivia Oran and Heather Somerville NEW YORK/SAN FRANCISCO (Reuters) - Three mid-level bankers in Goldman Sachs Group Inc's technology investment banking group in San Francisco have left to take positions at ride service company Uber Technologies Inc in recent months, people familiar with the matter told Reuters. The bankers are the latest to leave Wall Street banks for Silicon Valley startups, where the lure of more flexible hours - and in some cases stock options and share grants - can be ha
  
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• MIDEAST STOCKS-Saudi may test chart barrier, most markets to consolidate

  25-11-2015 06:42 via news.yahoo.com
  
  Saudi Arabia's stock market may test technical resistance on Wednesday but most Middle Eastern bourses look set to consolidate in the absence of positive corporate news, and because of caution over Turkey-Russia tensions. The dinar's forwards market drop did not indicate any chance of depreciation in the spot market - Kuwait is better able to cope with cheap oil than most Gulf economies - but it underlined financial pressures being felt around the region.
  
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