Analyst news

• USD/CAD Technical Analysis: CAD Slips On Oil Breakdown, Sentiment Keeps Eyes Up

  07-12-2015 22:55
  
  Trader sentiment and intermarket factors seem to argue that the trend that brought us new 11-year highs in USD/CAD on Monday could continue.
  
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• Oil plunges to seven-year low, Wall St. down

  07-12-2015 22:39 via news.yahoo.com
  
  NEW YORK (Reuters) - Oil prices skidded to their lowest level in nearly seven years on Monday, knocking down shares of major oil companies on Wall Street as a global glut showed no signs of abating.
  
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• Oil plunges to seven-year low, Wall Street down

  07-12-2015 22:38 via rocketnews.com
  By Sam ForgioneNEW YORK (Reuters) – Oil prices skidded to their lowest level in nearly seven years on Monday, knocking down shares of major oil companies on Wall Street as a global glut showed no signs of abating.Brent crude pricesfell to $40.60, the lowest since February 2009, after a meeting of members of the Organization of the Petroleum Exporting Countries Friday ended in disagreement over production cuts and without a reference to its output ceiling.Exxon , down 2.6 percent, and Chevr
  
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• Oil price drops to lowest since 2009, sinking energy stocks

  07-12-2015 22:08 via rocketnews.com
  NEW YORK (AP) — Energy companies are closing sharply lower, leading a broad decline on the stock market, after the price of oil dropped to its lowest point in nearly seven years.
  U.S. crude plunged almost 6 percent to close below $38 a barrel Monday. That’s the lowest level since February 2009, at the height of the financial crisis.
  Exxon Mobil and Chevron each fell 3 percent, the biggest declines in the Dow Jones industrial average.
  Airline stocks rose on the prospect of lower fuel
  
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• Wall Street slides as oil prices tumble to near seven-year low

  07-12-2015 21:37 via news.yahoo.com
  
  U.S. stocks fell on Monday with energy stocks suffering their worst day since August as oil prices fell to their lowest point in nearly seven years and materials stocks also falling sharply. The S&P energy sector energy index fell 4.4 percent and oil majors Exxon and Chevron were the biggest drags on the S&P, with roughly 3-percent declines. "The biggest watch is what's going to happen in oil today, are we going to double-bottom," said Matt Lloyd, chief investment strategist at Advisors
  
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• WTI Crude Oil Price Forecast: New Lows on No Production Cut & Strong USD

  07-12-2015 21:35
  
  Oil Pushes Below August 24th Low as Intermarket Analysis Favors Continuous Price Pressure on US Dollar Strength.
  
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• GBP/USD Technical Analysis: One-Fifty is at it Again

  07-12-2015 20:57
  
  A heavy week of data awaits the British Pound, and continued support north of 1.5000 could make this an attractive setup for the coming week.
  
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• Webinar: USD Setups in Focus as NFP Clears the Way for Fed Hike

  07-12-2015 20:41
  
  Setups we’re tracking on the heels of Friday’s blowout NFP release. Here are the updated targets & invalidation levels that matter.
  
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• Why the Best Gifts Don’t Come in a Box

  07-12-2015 20:18 via news.yahoo.com
  
  Researchers have concluded that materialistic people aren’t as happy as their peers, as The Wall Street Journal reported last year. One 1992 study found that “more-materialistic people feel less satisfied both with their lives as a whole and with the amount of fun and enjoyment they get out of day-to-day life,” as The Journal put it.
  
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• Wall Street drops with oil near seven-year low; Europe stocks up

  07-12-2015 20:07 via news.yahoo.com
  
  By Sam Forgione NEW YORK (Reuters) - Oil prices skidded to their lowest level in nearly seven years on Monday, hurting the shares of major oil companies on Wall Street as a global glut showed no signs of abating, while European stocks benefited from a weaker euro. Oil majors Exxon , down 3 percent, and Chevron , which fell 2.9 percent, were the biggest drags on the U.S. Dow and benchmark S&P 500 indexes. "As a result of the collapse in oil and gas prices today, the market is worried that you
  
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• China’s Government Plans Major Changes in Policy - What to Watch

  07-12-2015 20:05
  
  China is preparing to make major changes to fiscal policy, and the effects on its economy and markets could be significant. Here’s what we’re watching.
  
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• Wall St. drops with oil near seven-year low; Europe stocks up

  07-12-2015 19:55 via news.yahoo.com
  
  NEW YORK (Reuters) - Oil prices skidded to their lowest level in nearly seven years on Monday, hurting the shares of major oil companies on Wall Street as a global glut showed no signs of abating, while European stocks benefited from a weaker euro.
  
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• Gold Prices: Short Setup Available off of a Key Fibonacci Level

  07-12-2015 19:39
  
  After a jaw-dropping run that saw Gold prices drop bymore than 11.5% in less than six weeks, a post-ECB retracement may presents an attractive short setup.
  
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• Wall St slides as oil prices near seven-year low

  07-12-2015 19:01 via rocketnews.com
  By Tanya Agrawal(Reuters) – Wall Street fell on Monday as energy and raw material stocks took a hit, with oil prices falling to their lowest in nearly seven years. Brent crude and U.S. crude extended their decline and fell as much as 5 percent, after OPEC’s meeting last week failed to address a growing supply glut. A stronger dollar also made it more expensive to hold crude positions. The dollar rose for a second day and was up 0.3 percent at 98.66 against a basket of major currencie
  
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• COT-Small British Pound Traders are Most Short Since April Low

  07-12-2015 17:37
  
  Small British Pound traders hold their largest short position since the April low.In fact, this absolute level of positioning has coincided with a number of price lows in recent years.
  
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• Price & Time: EUR/USD - Seasonal Tendencies Taking Over?

  07-12-2015 16:55
  
  EUR/USD rebounds aggressively from key time zone, 1.1000 area remains critical.
  
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• EasyProperty To Sell Big Stake To Toscafund

  07-12-2015 16:40 via news.yahoo.com
  
  The online estate agent backed by Sir Stelios Haji-Iaonnou, the easyJet founder, is to raise nearly £15m from a top City investor in a deal that will take the company's value through the £100m milestone. Sky News has learnt that Toscafund, which has made a string of successful investments in innovative consumer-facing companies such as esure, the motor insurer, is investing about £14m in return for a stake of roughly 15% in easyProperty. It (Other OTC: ITGL - news) will co
  
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• Plunging oil prices drag down Wall Street

  07-12-2015 16:02 via news.yahoo.com
  
  Wall Street was lower at the open on Monday as Brent crude prices fell to their lowest in nearly seven years after OPEC's meeting ended last week without a reference to its output ceiling. Brent crude prices fell to $38.80, while a stronger dollar made it more expensive to hold crude positions. Oil majors Exxon and Chevron fell about 3 percent and were the biggest drags on the Dow and the S&P. A fall in oil prices erased earlier advances in stock futures that looked to build on Friday's gain
  
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• US Dollar and Commodities Setting Up Ahead of the Fed

  07-12-2015 15:44
  
  Last week brought significant tumult to markets. But December is far from over.This is how you can prepare.
  
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• UPDATE 3-Electrolux's U.S. plans in tatters as GE deal falls through

  07-12-2015 15:30
  * Electrolux shares fall as much as 15 percent (Adds more analyst quotes, background, updates shares)
  
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• USD/JPY: pair consolidates within sideways channel

  07-12-2015 14:02 via liteforex.com
  Forex analytics: Current trendFrom the end of October to the beginning on November, the USD/JPY pair was strengthening notably. The pair gained support from favorable US macroeconomic data and growing demand for the American currency amid expectations of a hike in US interest rates.This week, a series of important macroeconomic statistics might influence the price dynamics. Japan’s final GDP for the third ...
  
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• Silver Prices: Narrow Range Makes Trading A Breakout Enticing

  07-12-2015 13:55
  
  Price is trading in a narrow range making it interesting for short-term breakout traders.
  
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• New Year presents from LiteForex!

  07-12-2015 13:49 via liteforex.com
  
  LiteForex's News: Dear clients! We are pleased to congratulate you on the approaching New Year holidays and traditionally invite you to take part in the New Year raffle prizes organized by LiteForex - New Year Promo 2016! Hurry up and participate in the annual New Year event! Top up your trading account for $500 or more for the period of the promotion, receive a unique membership number and follow the changes on ...
  
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• As Markets Digest ECB and NFPs, Time to Turn to EUR/NZD & NZD/USD

  07-12-2015 13:30
  
  Traders should pay attention to secondary and tertiary US economic data in the run-up to the December 16 FOMC meeting. Before then, all eyes on the RBNZ on Wednesday.
  
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• Brent: OPEC keeps production unchanged

  07-12-2015 13:10 via liteforex.com
  Forex analytics: Current trendOPEC has decided to leave crude oil production unchanged at 31.5 million barrels per day. Though this decision was an expected one, the price of Brent crude oil has declined by about $1.5 per barrel since Friday.Oversupply of the oil market continues pushing the price down. Moreover, the other factors of pressure are geopolitical tensions, China’s and global economic slowdown ...
  
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• DAX 30: To Remain Supported on Dips

  07-12-2015 12:31
  
  DAX is nearing my target of 11k and I would expect it to rally further in the days ahead following Friday’s good NFP print
  
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• Why Dow 18,000 Is a Critical Test for the Stock Market

  07-12-2015 12:30 via rocketnews.com
  
  Stocks closed out last week with their best one-day gain since October on the heels of a November non-farm payroll report that came in slightly better than expected.
  To be fair, though, stocks have blasted higher on payroll Fridays regardless of the result: They did it back in September (big miss) and October (huge beat). And Friday’s gains stood in stark contrast to the weakness seen on Thursday. Again, this follows a pattern: Pre-jobs report stock market weakness was seen in September an
  
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• Malaysia's anti-graft agency met donor of funds in PM Najib's account - report

  07-12-2015 12:10 via news.yahoo.com
  
  Malaysia's anti-graft agency has interviewed the donor behind deposits of 2.6 billion ringgit (409.24 million pound) that were placed in Prime Minister Najib Razak's bank account, the New Straits Times reported on its website on Monday, citing an agency official. The report comes after the Malaysian Anti-Corruption Commission (MACC) questioned Najib for two-and-a-half hours on Saturday, in a case that has prompted calls for the prime minister's resignation. A graft scandal erupted around Najib i
  
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• NZD/USD: decline at the beginning of the week

  07-12-2015 12:06 via liteforex.com
  Forex analytics: Current trendOn Monday, the US Dollar is strengthening, against the NZ Dollar as well.ANZ Commodity Price, released on Friday in New Zealand, fell by 5.6% in November after a 7.1% growth in October. This data is considered as an early indicator of export price changes; therefore, as long as New Zealand has an export-oriented economy, ANZ Commodity Price directly influences exchange rates of ...
  
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• UPDATE 2-Electrolux's U.S. plans in tatters as GE deal falls through

  07-12-2015 11:32
  
  * Electrolux shares down 12 percent (Adds Electrolux CEO, market reaction)
  
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• ECB’s Policy Measures Kick In, Eurozone Outperforms Says Sentix

  07-12-2015 11:31
  
  Sentix Investor Confidence Index rose to 15.7, with the report signaling an upbeat tone on Euro-zone’s economy
  
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• Britain's FTSE rises after rough end to week

  07-12-2015 10:41
  LONDON, Dec 7 (Reuters) - Britain's main share index rose on Monday, recouping part of a sharp drop at the end of last week, helped by strength in insurance companies.
  
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• UPDATE 2-Serco shares tumble after it warns on 2016 revenue, profit

  07-12-2015 10:24
  * Shares fall more than 10 percent (Adds analyst comment, share price)
  
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• Europe shares rise as firm dollar takes shine off euro

  07-12-2015 10:16 via news.yahoo.com
  
  LONDON (Reuters) - European shares started the week strongly on Monday, buoyed by gains on Wall Street and a weaker euro, while the dollar rose after upbeat jobs data on Friday bolstered investor confidence in the strength of the U.S. economy.
  
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• UPDATE 2-Merck KGaA, Threshold drug fails in late-stage cancer trials

  07-12-2015 10:11
  * Setback leaves CEO-designate with narrow pipeline (Adds analysts, shares, background)
  
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• FTSE 100: To Reach 6400 As Long As 6195 Holds As Support

  07-12-2015 09:57
  
  U.S. Non-farm payrolls printing 210k vs. the 200k expected lifts the FTSE 100 and should keep it buoyant over the coming days ahead
  
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• XAU/USD: pair grew

  07-12-2015 09:23 via liteforex.com
  Forex analytics: Current trendIn the end of the last week, the price of gold significantly grew that was the result of a fall in the USD after the ECB meeting.The European regulator cut its deposit rate by 0.1% and left the interest rate unchanged at 0.05% as markets expected. In addition, the ECB extended its QE program until March 2017 but contrary to expectations did not expand it thus causing a growth in ...
  
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• USD/CHF: US Dollar weakened

  07-12-2015 09:14 via liteforex.com
  Forex analytics: Current trendThe USD/CHF pair has declined notably, stepping away from its record highs. The Swiss Franc was strengthening during last week, but the strongest rise was seen on Thursday, when the US Dollar was under pressure amid the publication of ECB meeting results and the Fed’s Chair Janet Yellen speech.On Friday, the American currency managed to gain back some of its losses, but ...
  
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• Gold Surges after U.S. Jobs Data, Oil below $40 as OPEC Retains Output

  07-12-2015 08:47
  
  Gold spikes with USD on prospect of a slow rate path. Oil glut endures as OPEC did not cut output. Copper is elevated before China trade data
  
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• USD/CAD: general review

  07-12-2015 08:42 via liteforex.com
  Forex analytics: Current trendLast week the pair was trading within the range 1.3293-1.3415 while volatility in the pair was low.Fed Chair Janet Yellen commentaries last week raised the chances of an interest rate increase in December despite mixed data from the US. Initial Jobless Claims came out at 269 thousands that was 1 thousand above forecasted figure, while the ISM Non-Manufacturing PMI fell to 55.9 ...
  
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• News of the day. Monday 07.12.2015

  07-12-2015 07:39 via liteforex.com
  Forex analytics: There are not many important publications on Monday as markets are resting after the hectic last week. Nevertheless, attention needs to be paid to the publication of October data on the Industrial Production in Germany, due at 9 am (all times stated in GMT+2). On a month-to-month basis the index is expected to grow from -1.1% to 0.7%. It is likely that it will grow against the previous year as ...
  
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• India's key stock market indices open higher on Monday

  07-12-2015 05:26 via news.yahoo.com
  
  Mumbai, Dec 7 (IANS) Key Indian equity market indices opened in the green on Monday, tracking the Asian peers, as the sentiments were boosted by the likely movement forward in the passage of the long-awaited bill to introduce a pan-India goods and services regime. At the National Stock Exchange (NSE), the broader 50-share Nifty was ruling at 7,806.90 points with a gain of 25 points, or 0.32 percent. During the week ended last Friday, the 30-share Sensex declined 1.87 percent, while the Nifty was
  
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• Asia markets rally after US jobs report

  07-12-2015 05:03 via news.yahoo.com
  
  Asian stock markets climbed in early trade on Monday, after another strong reading on US jobs creation last week provided fresh evidence the economy is recovering and reinforced expectations of a December interest rate hike. Dealers tracked a surge on Wall Street to return to buying after Friday's sharp sell-off in Asia that was fuelled by disappointment with the European Central Bank's (ECB) revised stimulus programme. The US Labor Department said on Friday that 211,000 jobs were created in Nov
  
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• ASX 200 Technical Analysis: Range-Bound ahead of China Trade Data

  07-12-2015 04:43
  
  The index stays in range amid weak downside bias. China trade data may send it to test either bound where speculative trades could emerge
  
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• Asia stocks up but wary of China data, oil pressured

  07-12-2015 04:09 via news.yahoo.com
  
  By Wayne Cole SYDNEY (Reuters) - Asian share markets bounced on Monday after Wall Street welcomed an upbeat U.S. jobs report that suggested the world's biggest economy was well placed to handle an expected first increase in interest rates in almost a decade. Oil prices were near their lowest since 2009 in the wake of the Organization of the Petroleum Exporting Countries' decision to keep production high despite depressed demand. Equity investors in Asia were also wary ahead of a bevy of Chinese
  
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• ECB Post-Mortem: Higher in ST before Lower in MT for EUR/USD

  07-12-2015 01:57
  
  The European Central Bank may have met our expectations, but with markets broadly disappointed, EUR/USD has laid the groundwork for a significant short-term low.
  
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• Asia stocks bounce on bright U.S. jobs data, oil pressured

  07-12-2015 01:40 via news.yahoo.com
  
  By Wayne Cole SYDNEY (Reuters) - Asian share markets bounced on Monday after Wall Street welcomed an upbeat U.S. jobs report that suggested the world's biggest economy was well placed to handle an expected first increase in interest rates in almost a decade. Oil prices were near their lowest since 2009 in the wake of the Organization of the Petroleum Exporting Countries' decision to keep production high despite depressed demand. Brent was last down 15 cents at $42.85 a barrel, while U.S. crude l
  
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