Analyst news

• Wall Street closes higher as crude steadies

  14-12-2015 23:14 via news.yahoo.com
  
  Concerns about high-yield bonds, oil price swings and the Fed made for a skittish market, said Peter Costa, president of Empire Executions Inc. While investors widely expect the Fed to announce its first rate hike in nearly a decade on Wednesday, they are also waiting for commentary from policymakers about what will happen next. Traders see an 83-percent chance that the Fed will lift rates by 25 basis points, according to the CME Group's FedWatch program.
  
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• WTI Crude Oil Price Forecast: Oil Sees Big Bounce Higher off Big Fibo Level

  14-12-2015 23:07
  
  The 2% rise on the day is enough for Oil bulls to feel good for now, but there are a few levels of resistance we should clear to see momentum carry Oil higher.
  
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• Vivendi Tycoon To Chair UK Media Vehicle Gloo

  14-12-2015 22:52 via news.yahoo.com
  
  Sky News has learnt that Arnaud de Puyfontaine, the chief executive of Universal Music’s parent company, Vivendi (Milan: VIV.MI - news) , is to join Gloo Networks (LSE: GLOO.L - news) , which floated on the junior AIM stock market in the summer. The recruitment of Mr de Puyfontaine is a major coup for Gloo, which was set up by Rebecca Miskin, a former executive at Hearst Magazines and NBC Universal. Vivendi is one of the biggest media companies in Europe, and has a market capitalisation of
  
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• Wall Street ends higher as oil prices bounce back

  14-12-2015 22:12 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks closed higher on Monday, bouncing back from last week's slump with help from a reversal in oil prices, while investors waited for the Federal Reserve's expected interest hike later in the week. Based on the latest available data, the Dow Jones industrial average rose 105.63 points, or 0.61 percent, to 17,370.84, the S&P 500 gained 9.76 points, or 0.48 percent, to 2,022.13 and the Nasdaq Composite added 18.76 points, or 0.38 percent, to 4,952.23. (Reporting by
  
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• China’s Central Bank Prepares Yuan for Fed Hike, Dollar De-Peg

  14-12-2015 20:25
  
  The People’s Bank of China has released new commentary on their Yuan index, and in doing so they’ve given clear hints at a shift in direction for the Yuan versus the Dollar.
  
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• USD/CHF Technical Analysis: If You Want to Get Long USD – Look at Swissy

  14-12-2015 20:04
  
  After an enthralling trend to end November, the Swissy has been offered hard.But with FOMC just three days away, a reversal may be afoot.
  
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• Wall Street little changed as crude steadies

  14-12-2015 19:19 via news.yahoo.com
  
  U.S. stocks were little changed in volatile trading on Monday, two days ahead of an expected interest rate hike, as oil prices steadied after falling to within touching distance of 11-year lows. "It's the (Fed) communiqué that's going to count, but the real problem here is the junk bond market, which is tied to oil prices," said Peter Cardillo, chief market economist at First Standard Financial in New York. "A lot of paper written to oil companies are in question, and so it ties in with t
  
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• Gold Prices: Don’t Get Caught Selling Bottoms

  14-12-2015 19:15
  
  Gold prices continue to hang around support and this leads many traders to chase the move. But be careful - nobody wants to sell a bottom.
  
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• Webinar: All Eyes on FOMC- US Dollar Hangs in the Balance

  14-12-2015 18:54
  
  Setups we’re tracking into Wednesday’s highly anticipated Fed rate decision. Here are the updated targets & invalidation levels that matter.
  
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• As oil plunges, traders generate record earnings

  14-12-2015 18:24 via news.yahoo.com
  
  Oil traders are profiting handsomely from a crude price crash to near an 11-year low, even as it forces energy companies around the globe to slash costs and postpone projects. From listed giant Glencore (Xetra: A1JAGV - news) through unlisted Swiss privately-held Trafigura, to the trading desks of majors BP and Shell (LSE: RDSB.L - news) , traders have often done well in times of oil price downturns, and markedly so this time around. On Monday, Trafigura, which trades roughly 3 percent of global
  
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• Price & Time: Gold – The Year Ahead

  14-12-2015 16:55
  
  Important timing tests await next year. Start of 2Q16 looks quite important for Gold.
  
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• Is the World Ready for a Rate Hike From the Fed?

  14-12-2015 16:12
  
  The well-awaited Federal Reserve decision is only three days away. Is there anything the Fed can do to assauge global concerns?
  
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• Wall Street little changed as oil prices weigh

  14-12-2015 16:11 via news.yahoo.com
  
  Wall Street was little changed on Monday, two days ahead of an expected U.S. interest rate hike, as crude oil prices hovered near 11-year lows. The Federal Reserve begins a two-day policy meeting on Tuesday at which it is expected to raise interest rates for the first time in nearly a decade. "Stocks are relatively quiet this morning, which is somewhat normal, after last week's shellacking," said Adam Sarhan, chief executive of Sarhan Capital in New York.
  
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• News of the day. 2:30 am Australia

  14-12-2015 15:59 via liteforex.com
  Forex analytics: RBA Meeting's Minutes are due at 2:30 (GMT +2) am in Australia. The minutes are published two weeks after the interest rate decision and give a full account of factors which influenced decision making.
  
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• EUR/USD: key data

  14-12-2015 15:14 via liteforex.com
  Forex analytics: Current trendToday the pair is falling despite quite strong data on Industrial Production in the eurozone that came out significantly better than forecasts.This week, key data is expected from the US that can determine future movement in the pair. Attention needs to be paid to data on the Consumer Price Index, Industrial Production, construction sector and the labour market, and the Fed ...
  
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• Wall Street set to open little changed as Fed meet eyed

  14-12-2015 14:59 via rocketnews.com
  By Abhiram Nandakumar(Reuters) – U.S. stocks were set to open little changed on Monday as investors brace for a widely expected rate hike and crude prices flirted with their 11-year lows.
  Traders expect an 85 percent chance the Federal Reservewill lift its target rate range to 0.25 percent to 0.50 percent from the current zero to 0.25 percent, according to CME Group’s FedWatch program.
  The central bank kicks off a two-day policy meeting on Dec. 15 to decide on interest rates.
  Global
  
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• XAU/USD: price resumed decline

  14-12-2015 14:28 via liteforex.com
  Forex analytics: Current trendToday, the XAU/USD pair resumed its decline.The market of precious metals is under pressure from a decline in commodity prices and expectations of a hike in US interest rates. Strengthening in the US Dollar makes precious metals a less appealing investment as costs of borrowings to buy and store them are growing. On the other hand, the price of gold gains support from ...
  
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• Wall Street expects single-digit S&P 500 gain in 2016: poll

  14-12-2015 14:27 via news.yahoo.com
  
  A weak ending to 2015 and the expectation of improving profit growth in 2016 will set the stage for a single-digit gain in U.S. stocks next year, a modest forecast at least by recent standards, according to strategists polled by Reuters. The S&P 500 is forecast to end 2016 at 2,207, up 10 percent from Friday's close of 2,012.37 and 5 percent higher than where it is expected to round off this year, according to the median forecast of 46 strategists polled by Reuters in the past week. Strategi
  
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• USD/JPY Weakness Pre-FOMC Foreboding for USD-pairs

  14-12-2015 13:52
  
  When the Japanese Yen does well, the US Dollar and risk assets alike tend to suffer.
  
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• USD/JPY: moving in range

  14-12-2015 13:52 via liteforex.com
  Forex analytics: Current trendThis week, key data that can determine the pair’s further movement is due. On Wednesday, the US Fed is holding the meeting, where, as expected, the regulator will raise its interest rates. And on Friday, the Bank of Japan will announce its decision on interest rates and monetary policy in the country.Today’s data from Japan showed Industrial Production growth of 1.4%, while ...
  
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• Asia Index launches four new S&P BSE India indexes

  14-12-2015 12:51 via news.yahoo.com
  
  MUMBAI (Reuters) - Asia Index Pvt Ltd, a joint venture between S&P Dow Jones and BSE Ltd, launched four new indexes, including a low volatility one, just days ahead of the U.S. Federal Reserve's policy meeting later in the week. The four S&P BSE indexes will be the enhanced value index, low volatility index, momentum index, and quality index, the company said in a statement. (Reporting by Karen Rebelo in Mumbai)
  
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• DAX 30: Key Levels Define Landscape, FOMC Looms

  14-12-2015 11:53
  
  Downtrend in DAX 30 well in place, price levels provide traders solid reference points.
  
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• Currency Markets Gyrate Amid Pre-Positioning for Fed Rate Hike

  14-12-2015 10:25
  
  Currency markets are gyrating amid pre-positioning for the FOMC monetary policy announcement, where the first post-QE interest rate hike is widely expected.
  
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• AstraZeneca chases Acerta to secure next cancer drug winner

  14-12-2015 10:21 via news.yahoo.com
  
  By Ben Hirschler LONDON (Reuters) - AstraZeneca said on Monday it was in talks that might lead to the acquisition of privately held biotech firm Acerta Pharma, a potential $5 billion-plus (3.29 billion pounds) deal designed to build up its cancer drug portfolio. "AstraZeneca confirms that it is exploring potential strategic options with Acerta Pharma BV. The Wall Street Journal had reported on Friday that the British drugmaker was looking to buy Acerta for more than $5 billion to gain access to
  
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• GBP/USD: modest growth

  14-12-2015 09:32 via liteforex.com
  Forex analytics: Current trendLast week, the British Pound managed to strengthen against the US Dollar. At the same time, dynamics in the pair was quite modest, and the main rise was seen on Wednesday when the American currency came under pressure.BoE Committee held the meeting on Thursday. The British currency slightly declined despite the results of the meeting fully met analysts’ expectations. MPC ...
  
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• Gift New Year promo-code from LiteForex

  14-12-2015 09:19 via liteforex.com
  
  Dear clients, LiteForex is happy to offer you an exceptional promo-code “NEWYEAR” in the run-up to the New Year. Make a deposit of at least $1,000 and have it doubled with the help of the promo-code! Just activate the holiday promo-code NEWYEAR when depositing at least $1,000 and the 100% bonus will be paid instantaneously into your account! Pay less, trade more! Best regards, Your broker ...
  
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• AstraZeneca confirms talks with cancer drug firm Acerta

  14-12-2015 09:19 via news.yahoo.com
  
  LONDON (Reuters) - AstraZeneca said on Monday it was in talks with privately held cancer drug developer Acerta Pharma, after the Wall Street Journal reported on Friday it was looking to ...
  
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• Brent: 7-year lows

  14-12-2015 09:10 via liteforex.com
  Forex analytics: Current trendLast week the price of Brent crude oil fell to its 7-year lows.The fall was the result of the OPEC decision not to limit production quotas for countries in the cartel that increased worries on the market. Investors fear that excess of supply will worsen in the next year when exports from Iran can also hit the markets. According to the IEA report that came out last week, excess of ...
  
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• Oil plunge fuels run on energy firms as Asia stocks tumble

  14-12-2015 08:24 via news.yahoo.com
  
  Energy firms led another stock market sell-off Monday, but analysts said a fall in oil prices to seven-year lows was driven more by fears over demand and a supply glut than the Paris climate deal. Among energy firms Sydney-based BHP Billiton shed 3.5 percent, Rio Tinto was two percent lower and Santos lost almost five percent. Inpex dived 2.9 percent in Tokyo while JX Holdings was 2.5 percent off.
  
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• News of the day. Monday 14.12.2015

  14-12-2015 07:58 via liteforex.com
  Forex analytics: No important publications are expected on Monday and markets can have a rest before the key event of the week – the Federal Open Market Committee meeting that will be held on Tuesday and Wednesday. Nevertheless, today attention needs to be paid to October data on Industrial Production for the eurozone that is due at 12 pm (all times stated in GMT+2). It is worth noting that Industrial ...
  
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• Cheniere votes to replace CEO Souki, appoints Shear as interim head

  14-12-2015 05:38 via news.yahoo.com
  
  Cheniere Energy Inc said on Sunday it would replace Chief Executive Charif Souki months after activist investor Carl Icahn took a big stake in the company as it prepared to become the first exporter of natural gas from the United States. The board decided on the change over the weekend at a meeting where directors reevaluated Souki's plans of building the company beyond exporting liquefied natural gas, the Wall Street Journal reported. Souki will be replaced by board director Neal Shear on an in
  
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• Asian stocks fall as investors await Fed rate hike decision

  14-12-2015 05:07 via news.yahoo.com
  
  BEIJING (AP) — Asian stock markets were mostly lower Monday following Wall Street's losses as investors awaited the U.S. Federal Reserve's decision this week on raising interest rates for the first time the financial crisis.
  
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• USD/JPY Steady After Tankan Data as Markets Await FOMC

  14-12-2015 04:11
  
  The Japanese Yen was little-changed after the Tankan survey put large manufacturers’ sentiment at the lowest since 2013 as traders nervously await the FOMC rate decision.
  
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• Third Avenue parts with CEO after collapse of junk bond fund: WSJ

  14-12-2015 02:29 via news.yahoo.com
  
  (Reuters) - Third Avenue Management LLC has parted ways with Chief Executive Officer David Barse after the collapse of the company's junk bond fund last week, the Wall Street Journal reported on Sunday, citing sources familiar with the matter. The collapse of Third Avenue's Focused Credit Fund jolted Wall Street and renewed worries about the difficulty of trading securities on the U.S. bond market. New York-based Third Avenue is a relatively small investment manager with fund assets that totaled
  
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• Third Point's Loeb calls for removal of Dow Chemical chief Liveris: WSJ

  14-12-2015 01:51 via news.yahoo.com
  
  Activist investor Daniel Loeb of hedge fund Third Point has called for the removal of Dow Chemical Co. Chief Executive Officer Andrew Liveris after the company's agreement to merge with DuPont Co, the Wall Street Journal reported on Sunday. Loeb sent a private letter to Dow's board on Saturday raising questions about the timing of the deal, the WSJ reported, without disclosing how it knew the contents of the letter. A Dow Chemical representative was not immediately available for comment to Reute
  
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• Stocks drop as oil rout keeps markets on edge before Fed

  14-12-2015 01:49 via news.yahoo.com
  
  By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks slipped on Monday after Wall Street sank amid plunging crude oil prices, keeping investors on edge ahead of an expected U.S. rate ris...
  
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