Analyst news

• Energy stocks, beaten down all week, help push market higher

  10-12-2015 23:22 via news.yahoo.com
  
  NEW YORK (AP) — Investors took a chance on some beaten-down shares on Thursday, helping the U.S. stock market to its first gain in four days.
  
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• USD/CAD Technical Analysis: Oil’s Bearish Momentum Could Bring 1.3700

  10-12-2015 23:20
  
  The 2004 high of 139.08 is not far away, and a further breakdown in Oil could put more pressure on the weak CAD.
  
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• Wall Street closes higher but pares gains with oil slide

  10-12-2015 22:58 via news.yahoo.com
  
  U.S. stocks closed higher on Thursday after a three-day decline but sharply pared gains late in the session as oil dropped to near seven-year lows and the strong dollar weighed on sentiment. Major U.S. indexes have had a bruising week as a rout in oil prices made investors worry about economic growth. Oil futures fell to fresh lows since 2009 as traders looked beyond a drop in U.S. crude stockpiles to focus on a global supply glut, while a stronger dollar weighed on commodities.
  
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• USD/JPY Technical Analysis: Sitting Near Range Support, Cautiously Bullish

  10-12-2015 22:15
  
  USD/JPY Technical Strategy: Recent Break Below 121.75 Turns ST Focus on a Correction; USD/JPY Unable To Gain Momentum on the Downside even with Volume Surge.
  
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• Wall Street advances to snap skid, but oil woes weigh

  10-12-2015 22:09 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks closed higher on Thursday after a three-day decline but oil's drop to near seven-year lows still weighed on investors ahead of an expected U.S. interest rate hike. The Dow Jones industrial average rose 82.85 points, or 0.47 percent, to 17,575.15, the S&P 500 gained 4.6 points, or 0.22 percent, to 2,052.22 and the Nasdaq Composite added 22.31 points, or 0.44 percent, to 5,045.17. (Reporting by Chuck Mikolajczak)
  
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• WTI Crude Oil Price Forecast: Momentum Pushes US Oil To New 6-Yr Lows

  10-12-2015 21:30
  
  Crude Oil Technical Strategy: Oil Focus Turned to February ’09 Extremes; Intermarket Analysis Favors Continuous Price Pressure From US Dollar Strength.
  
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• US DOLLAR Technical Analysis: Correction Lower Running Out of Steam?

  10-12-2015 21:00
  
  US Dollar Technical Strategy: Bullish Against November Opening Range low of 12,013; US Dollar has been pushed around in December, as seasonality suggests.
  
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• Wall Street up, other markets steady ahead of Fed; oil slips

  10-12-2015 20:36 via news.yahoo.com
  
  By Sam Forgione NEW YORK (Reuters) - U.S. stocks climbed but other major world equity markets were little changed on Thursday ahead of a widely expected interest rate hike by the U.S. Federal Reserve next week, while the dollar rebounded from the previous day's losses. Oil prices fell to near seven-year lows and overall markets were more subdued as investors looked ahead to the Fed's Dec. 15-16 policy meeting. Brent crude was last down 0.8 percent at $39.81 a barrel.
  
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• 'Carol,' 'The Big Short' lead varied field in Golden Globe film race

  10-12-2015 19:31 via news.yahoo.com
  
  By Piya Sinha-Roy BEVERLY HILLS, Calif. (Reuters) - Lesbian romance drama "Carol" and Wall Street misdeeds comedy "The Big Short" led a diverse range of films honored with Golden Globe nominations on Thursday, with genres spanning indie thrillers to big budget sci-fi action adventures. "Carol," the story of a married older woman who falls in love with a young shopgirl in the 1950s, garnered five nominations including best drama film, director, score and acting nods for Cate Blanchett and Rooney
  
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• NZD/USD Eyes October High Following RBNZ Rate Cut

  10-12-2015 19:25
  
  NZD/USD may continue to retrace the decline from the October high (0.6896) as the RBNZ appears to be nearing the end of its easing cycle.
  
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• Wall Street pares gains as oil prices fall

  10-12-2015 18:57 via news.yahoo.com
  
  Major U.S. stock indexes have had a bruising week as a rout in oil prices took a toll on the energy sector. "The market is on a pause mode till we get some direction from the Fed," said Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh.
  
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• US household wealth in Q3 fell for first time in 4 years

  10-12-2015 18:40 via rocketnews.com
  WASHINGTON (AP) — The stock market’s sharp decline in August and September took its toll on Americans’ finances in the third quarter. Household net worth fell for the first time in four years.
  The Federal Reserve said Thursday that Americans’ stock and mutual fund portfolios plunged $2.3 trillion in the July-September quarter. That far outweighed a $482 billion increase in home values. Overall, household net worth fell to $85.2 trillion from $86.4 trillion in the second
  
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• FTSE falls for sixth day as Sports Direct slumps

  10-12-2015 18:02 via news.yahoo.com
  
  By Sudip Kar-Gupta LONDON (Reuters) - Britain's stock market fell for the sixth session in a row on Thursday as a slump in Sports Direct and financial services group Old Mutual weighed on the market. The blue-chip FTSE 100 index closed down 0.6 percent at 6,088.05 points - its lowest closing level since early October. Sports Direct was the worst-performing FTSE stock in percentage terms, slumping 11 percent after its first-half earnings missed market expectations.
  
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• Wall Street up as investors seek bargains

  10-12-2015 17:55 via news.yahoo.com
  
  Wall Street was higher on Thursday, after three straight days of losses, as investors scoured for bargains ahead of a widely expected U.S. interest rate hike next week. "The market is on a pause mode till we get some direction from the Fed," said Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh. "There is some amount of bargain hunting too as investors are price sensitive and we're going to see some sloppy trading today, because there is no major economic data o
  
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• US Dollar Likely to Hit Fresh Highs versus Canadian Dollar

  10-12-2015 17:40
  
  Retail forex traders continue selling aggressively into US Dollar gains versus the Canadian Dollar, and heavily one-sided sentiment warns that the USD/CAD exchange rate may continue onto fresh highs.
  
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• New Zealand Dollar Forecast to Continue Higher

  10-12-2015 17:40
  
  The majority of retail FX traders in our sample remain short the New Zealand Dollar versus the US Dollar, and a contrarian view of crowd sentiment leaves us in favor of buying into NZD/USD gains. The ratio of open short positions to those long is a notable 1.8 to 1—matching the largest extreme we’ve seen since the NZD traded near $0.85 in July, 2014.
  
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• Gold Prices in Position for Continued Weakness

  10-12-2015 17:40
  
  Retail FX traders remain steadily long Gold versus the US Dollar, and a contrarian view of crowd sentiment favors continued weakness.
  
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• Forex Sentiment Warns that US Dollar Likely to Continue Lower

  10-12-2015 17:40
  
  A major turn in retail FX positions warns that the US Dollar may lose further against these major counterparts.
  
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• Euro Forecast to Continue Rallying versus US Dollar

  10-12-2015 17:40
  
  Aggressively one-sided retail FX trader positions continue to act as a contrarian signal that the Euro may rally further versus the US Dollar. And indeed it was last week we warned that a violent post-ECB Euro surge and shift in trader sentiment pointed to further EUR/USD gains.
  
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• British Pound Rally May Represent Key Turning Point

  10-12-2015 17:40
  
  Retail FX traders have remained long the British Pound versus the US Dollar as the GBP/USD has traded into fresh lows. Yet a recent reversal in price has led to a similar shift in sentiment, and we are wary of calling for continued GBP/USD weakness.
  
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• Australian Dollar Remains a Buy until this Changes

  10-12-2015 17:40
  
  Our retail FX trader data shows that the majority of traders continue to sell into Australian Dollar gains versus the US Dollar, and a contrarian view of crowd sentiment leaves us watching for further AUD/USD gains.
  
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• Software maker Atlassian pops in debut, brings light to IPO market

  10-12-2015 17:39 via news.yahoo.com
  
  By Heather Somerville (Reuters) - Atlassian Corp Plc brought some cheer at the end of a dour year for technology public offerings on Thursday with a 33-percent pop on its Wall Street de...
  
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• The CAC40 Tests Trendline Resistance at 4,650

  10-12-2015 16:00
  
  The CAC40 is trading higher on the day. As prices rise traders will continue to monitor this declining trendline.
  
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• Wall Street opens higher after three days of losses

  10-12-2015 15:56 via news.yahoo.com
  
  U.S. stocks were higher at the open on Thursday, after three straight days of losses, even as oil prices continued to hover around 7-year lows and investors await a rate hike decision by the U.S. Federal Reserve. Markets have had a bruising week so far as equities tracked oil prices. "The market will continue to watch oil carefully and we can expect a mixed to positive session if we don't see any wild swings in oil prices like we did yesterday," said Peter Cardillo, chief market economist at Fir
  
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• Price & Time: Crude – So Important Here

  10-12-2015 15:50
  
  Crude falls to 6-year lows, timing questions remain for the commodity.
  
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• Kenyan shilling flat; main stock index falls

  10-12-2015 15:13 via news.yahoo.com
  
  Kenya's shilling was unchanged on Thursday, with corporate demand for dollars subdued ahead of the Christmas holidays. At the 1330 GMT market close, the shilling was quoted at 101.80/101.90 to the dollar, unchanged from Wednesday's close. "It's been fairly stable, not much activity," said one Nairobi-based trader." Holiday mood is kicking in so people are mostly staying out of the markets." In the stock market, the benchmark NSE20 share index declined, losing 16.35 points, or 0.4 percent, to clo
  
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• The British Pound Lower After the BoE Keeps Interest Rate Unchanged

  10-12-2015 14:08
  
  The British Pound dropped versus its major currency counterparts after the BoE kept the benchmark rate unchanged on subdued inflation
  
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• British Pound Lower After the BoE Keeps Interest Rate Unchanged

  10-12-2015 14:08
  
  The British Pound dropped versus its major currency counterparts after the BoE kept the benchmark rate unchanged on subdued inflation
  
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• JPY Well-Positioned as Latest Flurry of Central Bank Activity Disappoints

  10-12-2015 13:52
  
  With the RBNZ, SNB, and BoE all disappointing market expectations, market sentiment is looking increasingly fragile.
  
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• Futures higher ahead of raft of economic data

  10-12-2015 13:37 via rocketnews.com
  By Tanya Agrawal(Reuters) – U.S. futures were higher even as oil prices continued to hover around 7-year lows and investors await a rate hike decision by the U.S. Federal Reserve.
  Markets have had a bruising week so far as equities tracked oil prices. Brent futures are down more than 6 percent this week and having dipped below $40 per barrel there are renewed expectations it might test 2008’s low.
  U.S. stocks closed lower on Wednesday in a choppy session as oil resumed its decline, f
  
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• FTSE slips as Sports Direct slumps

  10-12-2015 13:37 via news.yahoo.com
  
  By Sudip Kar-Gupta LONDON (Reuters) - Britain's stock market fell for the sixth session in a row on Thursday as a slump in Sports Direct and financial services group Old Mutual weighed on the market. The blue-chip FTSE 100 index was down by 0.4 percent at 6,104.49 points by the middle of the trading session. Sports Direct was the worst-performing FTSE stock in percentage terms, slumping 12.8 percent after its first-half earnings missed market expectations.
  
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• Global stocks slip, oil prices resume decline

  10-12-2015 13:17 via rocketnews.com
  SEOUL, South Korea (AP) — Global stock markets mostly fell on Thursday after consecutive losses on Wall Street, while oil prices dropped further below their lowest level since the global financial crisis.
  KEEPING SCORE: Britain’s FTSE 100 fell 0.4 percent to 6,100.37, while France’s CAC 40 fell 0.1 percent to 4,633.74. Germany’s DAX dropped 0.1 percent to 10,581.10. Futures suggested Wall Street would rise after three straight days of losses. Dow futures rose 0.2 percent
  
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• AUD/USD: pair remains under pressure

  10-12-2015 13:13 via liteforex.com
  Forex analytics: Current trendToday the pair strengthened after the publication of strong labour market data from Australia.At the same time, in the medium term the pair will remain under pressure amid monetary policy tightening in the US, falling commodities prices, weak GDP growth in Australia, slowing Chinese economy and falling Chinese imports from Australia.In addition, investors expect further ...
  
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• FTSE 100 – Relative Weakness Makes It Preferred Target for Short-sellers

  10-12-2015 12:26
  
  The FTSE 100 has been one of the more weakly postured global markets for some time, making it a solid short candidate.
  
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• EUR/GBP Technical Analysis: Euro Extends to 7-Week High

  10-12-2015 11:37
  
  The Euro paused to consolidate the advance against the British Pound after prices extended last week’s surge to hit the highest level in seven weeks.
  
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• Ocado keeps investors waiting for overseas deal

  10-12-2015 11:24 via news.yahoo.com
  
  By James Davey LONDON (Reuters) - Online grocer Ocado expects to sign its first technology deal with an overseas retailer shortly although the company conceded it might miss its target of getting an agreement this year. Analysts see securing international deals in north America and western Europe as the key driver of Ocado's stock market valuation and the company said back in February that it hoped to secure one in 2015. "We remain as confident today as we were the last time we talked to the mar
  
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• Brent: short-term upward correction

  10-12-2015 11:19 via liteforex.com
  Forex analytics: Current trendThe price of Brent crude oil fell after the OPEC meeting at which it was decided to keep oil production unchanged at the level of 31.5 million barrels per day.Oil market participants are getting ready for a hike in US interest rates and pricing gradual strengthening in the USD into the market. Moreover, the price of oil, in the medium term, will remain under pressure from ...
  
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• EUR/USD Technical Analysis: Resistance Now Above 1.11

  10-12-2015 10:52
  
  The Euro continues to push upward having rebounded against the US Dollar as expected, hitting the highest level in a month and establishing a foothold above the 1.10 figure.
  
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• Swiss Franc Little Changed After SNB Opts For Status Quo

  10-12-2015 10:35
  
  The Swiss Franc was little changed versus its major currency counterparts after the SNB kept rates unchanged, as expected
  
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• USD/JPY: Yen started growing

  10-12-2015 09:46 via liteforex.com
  Forex analytics: Current trendOn Wednesday, the USD/JPY pair fell and reached new local lows. The US Dollar is unlikely to gain back most of its losses at the end of the week.Uncertainty around future monetary policy in the US is growing. Though most analysts expect a rate hike at the upcoming Fed meeting, some traders are taking profits on the USD long positions since they suggest such a decision has already ...
  
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• Centrica says full year earnings will hit target

  10-12-2015 09:31 via rocketnews.com
  LONDON (ShareCast) – (ShareCast News) – Centrica (LSE: CNA.L – news) said its full year earnings would in-line with forecasts in a pre-close statement at the end of a what the British Gas owner admitted was a difficult year.British Gas’ residential energy supply margins will be squeezed in the second half by the second 5% tariff cut, which left account volumes largely unchanged since the half-year, will remain “within the range of recent years”.
  British Gas b
  
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• Sports Direct International on track for earnings goal

  10-12-2015 08:21 via news.yahoo.com
  
  LONDON (Reuters) - Retailer Sports Direct Intl reported a 7.6 percent rise in underlying earnings for the first half, helped by the roll-out of large format city centre stores, and said ...
  
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• Sports Direct Intl on track for earnings goal

  10-12-2015 08:17 via news.yahoo.com
  
  Retailer Sports Direct Intl reported a 7.6 percent rise in underlying earnings for the first half, helped by the roll-out of large format city centre stores, and said it was confident of meeting its target for the year. The company, which trades from 455 sports stores in Britain, posted underlying earnings of 218.5 million pounds ($332 million), and said it was on track to achieve its full-year ambition of 420 million pounds.
  
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• TUI Group annual earnings beat guidance

  10-12-2015 08:14 via news.yahoo.com
  
  TUI Group , the world's largest leisure tourism group, reported a 15.4 percent rise in annual profit, beating the top-end of its own guidance, and said it was on track to deliver growth of at least 10 percent this year. European demand for leisure travel has remained strong, despite a series of militant attacks and related security concerns which earlier this year forced TUI to alter its holiday programme, costing it up to 40 million euros (29 million pounds)in cancelled trips. TUI reported unde
  
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• UAE insurers facing more earnings pressure in 2015

  10-12-2015 08:06 via news.yahoo.com
  
  Despite good premium growth, listed insurance companies in the UAE are showing further earnings strain amid new regulatory demands, increasing the likelihood of business cessations, Standard & Poor's said in its latest report. Gross premiums grew nine per cent year-on-year basis to Dh13.5 billion in the first nine months of 2015, in line with expectations set earlier this year, the ratings agency said. For instance, Abu Dhabi and Dubai are sustaining capital spending on housing, schools, and
  
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• Broadening BoE Dissent to Spark Larger GBP/USD Recovery

  10-12-2015 08:00
  
  Even though the BoE is expected to sit pat in December, a wider dissent within the committee may spark a near-term recovery in GBP/USD as it boosts rate expectations.
  
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• News of the day. Thursday 10.12.2015

  10-12-2015 07:19 via liteforex.com
  Forex analytics: The most important events on Thursday are going to be the meetings by the central banks of Switzerland and the UK. The SNB Interest Rate Decision is due at 10:30 am (all times stated in GMT+2). The rate is expected to remain unchanged at the current level of -0.75%. The main issue for the Swiss economy, as well as for other economies in the eurozone remains low inflation. The Swiss Consumer Price ...
  
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• How Will SNB, BOE Respond to ECB Stimulus Boost?

  10-12-2015 06:52
  
  How will the SNB and BOE respond as ECB stimulus efforts amplify imported disinflation? Traders await the answer as key policy announcements loom ahead.
  
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• Asia stocks down as central banks close chapter on easing

  10-12-2015 05:16 via news.yahoo.com
  
  SEOUL, South Korea (AP) — Asian stock markets were mostly weaker on Thursday after Wall Street fell for a third day and New Zealand's central bank signaled it had finished cutting interest rates.
  
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• Asia stocks track Wall Street as oil rout hits confidence

  10-12-2015 04:19 via news.yahoo.com
  
  A sense of unease spread across Asian stock exchanges on Thursday with investors spooked by the sharp sell-off in oil sending most regional markets lower.
  
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