Analyst news

• Wall Street rallies on gradual Fed tightening, improving economy

  16-12-2015 23:23 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks rallied on Wednesday after the Federal Reserve announced it is raising its key policy rate for the first time in nearly a decade in a sign of confidence in the U.S. economy. Markets judged the Fed's statement to be dovish, supportive of risk assets including equities. The Fed made clear that the 25-basis point rate hike was a tentative beginning to a "gradual" tightening cycle, and that in deciding its next move it would put a premium on monitor
  
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• Economists see next Fed rate increase in first quarter of 2016 - Reuters poll

  16-12-2015 23:08 via news.yahoo.com
  
  Wall Street's top banks expect the Federal Reserve to next raise U.S. interest rates in the first quarter of next year, according to a Reuters poll conducted on Wednesday, after the Fed raised rates for the first time in more than nine years. A total of 13 of 21 primary dealers, brokerages that deal directly with the Federal Reserve, say the Fed will next raise rates in the first quarter, after it raised the range of its benchmark interest rate by a quarter of a percentage point to between 0.25
  
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• Banks line up to advise Qatar on Valentino share offer - sources

  16-12-2015 22:43 via news.yahoo.com
  
  By Pamela Barbaglia LONDON (Reuters) - The Qatari owners of Italian fashion house Valentino have invited banks to pitch for the advisory roles on a stock market listing as they seek an exit from one of the world's most glamorous brands, sources familiar with the plan said. A decision on which bank will work on an initial public offering (IPO) in Milan is expected in January, the sources said. Mayhoola for Investments, an investment vehicle with close ties to Sheikha Mozah, the second wife of Qat
  
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• US Dollar Technical Analysis: Priced-In Rate Hike Keeps USD Steady

  16-12-2015 22:34
  
  Priced-In Rate Hike Keeps Dollar Steady, And Risk Supported. Here Are The Key Levels Now.
  
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• US Dollar Technical Analysis: Price-In Rate Hike Keeps USD Steady

  16-12-2015 22:34
  
  Priced-In Rate Hike Keeps Dollar Steady, And Risk Supported. Here Are The Key Levels Now.
  
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• 'Star Wars: The Force Awakens' among AFI's best films of 2015

  16-12-2015 22:20 via news.yahoo.com
  
  By Piya Sinha-Roy LOS ANGELES (Reuters) - "Star Wars: The Force Awakens" racked up its first award on Wednesday when the American Film Institute named it as one of the 10 best films of the year. "The Force Awakens," opening in theaters across the world this week, was included in a list alongside awards front-runners such as Wall Street misdeeds comedy "The Big Short" and lesbian romance drama "Carol." The American Film Institute's top films of the year are selected by critics, scholars, TV and f
  
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• People’s Bank of China Lowers GDP Forecast, Signs New Currency Deals

  16-12-2015 22:00
  
  PBOC published the forecast on China’s economy in 2016. At the same time, it signed new deals to further promote yuan’s global use.
  
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• Wall Street higher as Fed underscores gradual tightening

  16-12-2015 20:32 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks rose in volatile trading on Wednesday after the Federal Reserve announced it is raising its key policy rate for the first time in nearly a decade. Markets gave the Fed's statement a dovish slant, supportive of risk assets including equities. The Fed made clear that the 25-basis point rate hike was a tentative beginning to a "gradual" tightening cycle, and that in deciding its next move it would put a premium on monitoring inflation, which remain
  
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• Fed Hikes Rates for First Time Since 2006 - USD on Hold

  16-12-2015 20:30
  
  In what was perhaps the most telegraphed policy change of the past decade, the Federal Reserve raised rates for the first time since 2006. The US Dollar isn't holding onto its gains.
  
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• Wall Street higher 30 minutes ahead of Fed decision

  16-12-2015 19:38 via news.yahoo.com
  
  An increase in the Fed's benchmark rate, from near zero, would be the first since June 29, 2006. Traders see an 81.4 percent chance of a rate hike, according to the CME Group's FedWatch tool. Fed Chair Janet Yellen will hold a news conference by at 2:30 p.m. ET.
  
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• Rising U.S. interest rates likely to dent automakers' earnings

  16-12-2015 19:00 via news.yahoo.com
  
  The Federal Reserve is expected to raise its overnight lending rate on Wednesday for the first time since 2006, and economists predict another three to four hikes by the end of 2016. As soon as the central bank tightens, higher rates will make it more expensive for companies like Ford Motor Co and General Motors Co and their finance arms to fund themselves in the bond markets. To compete, auto makers will likely have to keep their rates similarly low, which will squeeze their margins on loans.
  
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• News of the day. 9:00 pm the USA

  16-12-2015 19:00 via liteforex.com
  Forex analytics: The Federal Reserve announces its interest rate decision at 9:00 pm (GMT +2). Analysts expect the Regulator to raise interest rates. If the forecast is confirmed, the US Dollar might strengthen significantly. Otherwise, if a hike is postponed to 2016, a sharp fall in the American currency would follow.
  
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• News of the day. 9:00 pm the US

  16-12-2015 19:00 via liteforex.com
  Forex analytics: The Federal Reserve announces its interest rate decision at 9:00 pm (GMT +2). Analysts expect the Regulator to raise interest rates. If the forecast is confirmed, the US Dollar might strengthen significantly. Otherwise, if a hike is postponed to 2016, a sharp fall in the American currency would follow.
  
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• Wall Street rises ahead of Fed rate-hike decision

  16-12-2015 18:54 via news.yahoo.com
  
  An increase in the Fed's benchmark rate from near zero would be the first since June 29, 2006. Traders see an 81.4 percent chance of a rate hike, according to the CME Group's FedWatch tool. The Fed is expected to move gradually on subsequent rate hikes after the initial liftoff, according to a Reuters poll.
  
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• Wall Street pares gains as oil slumps ahead of Fed decision

  16-12-2015 18:08 via news.yahoo.com
  
  Wall Street pared gains as oil prices tumbled on Wednesday and ahead of a widely expected interest rate hike by the Federal Reserve later in the day. Energy and material stocks were down as crude oil prices fell on fresh evidence of growing global oversupply. The Fed will announce the outcome of its policy meeting at 2 p.m. ET (1900 GMT), followed by a press conference by Chair Janet Yellen at 2:30 p.m. ET.
  
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• Post-ECB EUR/USD Rally to Benefit from Dovish Fed Rate-Hike

  16-12-2015 17:30
  
  With market participants largely pricing a Fed rate-hike, the fresh forecasts may play a greater role in driving volatility as FX traders weigh the outlook for policy.
  
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• European, US stocks move higher before Fed

  16-12-2015 17:11 via news.yahoo.com
  
  European stock markets rose in tandem with their US counterpart Wednesday, with the Federal Reserve poised to announce its first US interest rate hike in nearly a decade. At 1500 GMT, London's benchmark FTSE 100 index had risen 1.0 percent with Frankfurt and Paris boasting similar form while Wall Street was also up shortly after the opening bell. On Wall Street, the Dow Jones Industrial Average stood at 17,672.39, up 0.84 percent while the broad-based S&P 500 posted a 0.7 percent gain and th
  
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• Wall Street higher as Fed rate hike decision awaited

  16-12-2015 16:45 via rocketnews.com
  By Tanya AgrawalREUTERS – Wall Street rose for the third straight day on Wednesday as investors prepare for a widely anticipated interest rate hike by the Federal Reserve later in the day. The Fed will announce the outcome of its policy meeting at 2 p.m. ET (1900 GMT), followed by a press conference by Chair Janet Yellen at 2:30 p.m. ET. An increase in the Fed’s benchmark rate from near zero would be the first since June 29, 2006. After more than a year of posturing and a couple of f
  
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• Price & Time: S&P 500: Transparency Run Amok?

  16-12-2015 16:35
  
  S&P 500 respecting pitchfork symmetry, 2065 should prove pivotal level point.
  
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• Welcome to the Rate Hike Heard Around the World

  16-12-2015 15:46
  
  On December 16th, 2008, the Federal Reserve cut rates to zero. Seven years later, we're still there. But today, that is expected to change.
  
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• Wall Street opens higher ahead of Fed rate decision

  16-12-2015 15:43 via news.yahoo.com
  
  The Fed will announce the outcome of its policy meeting at 2 p.m. ET (1900 GMT), followed by a press conference by Chair Janet Yellen at 2:30 p.m. ET. An increase in the Fed's benchmark rate, from near zero, would be the first since June 29, 2006. Traders see an 81.4 percent chance of a rate hike, according to the CME Group's FedWatch tool.
  
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• Wall Street set to open higher ahead of Fed rate decision

  16-12-2015 14:51 via news.yahoo.com
  
  Wall Street looked set to open higher on Wednesday ahead of a widely expected hike in interest rates by the Federal Reserve later in the day. The Fed will announce the outcome of its policy meeting at 2 p.m. ET (1900 GMT), followed by a press conference by Chair Janet Yellen at 2:30 p.m. ET. An increase in the Fed's benchmark rate, from near zero, would be the first since June 29, 2006.
  
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• GBP/USD: Fed decision is key news of the day

  16-12-2015 14:43 via liteforex.com
  Forex analytics: Current trendThe British Pound against the US Dollar declined to the level of 1.5000, having lost more than 200 points since the beginning of the week. The pair is under pressure from growing demand for the American currency and negative macroeconomic statistics, released in the UK. On Tuesday, UK key indices were down; moreover, weak labor market data has been released today.The most ...
  
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• Valeant projects 30 percent growth in 2016 profit, shares jump

  16-12-2015 14:40 via news.yahoo.com
  
  (Reuters) - Drugmaker Valeant Pharmaceuticals International Inc on Wednesday forecast that earnings would grow 30 percent in 2016, just below Wall Street's highest expectations. Valeant and Chief Executive Officer Michael Pearson have been criticized for steep price increases on some drugs and for close ties to a specialty pharmacy that used aggressive methods to overcome insurer barriers to reimbursements. The company is under investigation by the government and lawmakers over the price increas
  
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• USD/CHF: flat until Fed decision

  16-12-2015 14:20 via liteforex.com
  Forex analytics: Current trendData on the ZEW Survey – Expectations for December that came out today in Switzerland showed a growth in the index from 0 to 16.6 points. At the same time, recent data on the Swiss GDP represented a zero economy growth in the third quarter.Today attention of the markets is focused on the Fed decision on interest rates in the US and the afterward commentaries regarding the ...
  
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• News of the day. 4:15 pm the USA

  16-12-2015 14:15 via liteforex.com
  Forex analytics: Industrial Production and Capacity Utilization statistics for November are due at 4:15 pm (GMT +2) in the US. According to the forecast, Industrial Production will come in at 0.1% from -0.2%, while Capacity Utilization will remain unchanged at 77.5%.
  
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• Trade Setups in USD-pairs Ahead of FOMC

  16-12-2015 14:00
  
  "Currency Wars: The Fed Awakens" is set to hit theaters this afternoon.
  
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• News of the day. 4:00 pm Switzerland

  16-12-2015 14:00 via liteforex.com
  Forex analytics: The Swiss National Bank releases its Quarterly Bulletin at 4:00 pm (GMT +2). It includes the ‘Monetary policy report’ and the report on ‘Business cycle trends’.
  
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• NZD/USD: pair holds its positions

  16-12-2015 12:35 via liteforex.com
  Forex analytics: Current trendThe NZD/USD pair has been holding its positions despite a decline in commodity prices and a recent cut in New Zealand interest rates. NZ inflation remains below the key range; therefore, to stimulate a sustainable economic growth, the country might need a cheaper national currency.According to recent data, NZ Current Account deficit grew to $4.750 billion in the third quarter ...
  
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• Silver Prices On a Collision Course With the Fed

  16-12-2015 12:30
  
  Silver could be carving out a major inflection point as the Fed arrives.
  
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• GBP/USD Little Changed After Jobless Rate Falls as Fed Looms Large

  16-12-2015 11:50
  
  The British Pound was little changed versus the US Dollar after today's employment data showed unemployment fell, Fed in focus
  
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• Euro Little Changed After Mixed December Markit Eurozone PMI

  16-12-2015 10:45
  
  The Euro was little changed versus its major currency counterparts after today’s Markit PMI, as manufacturing rose, but services declined
  
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• UK earnings growth slows sharply, even as unemployment falls again

  16-12-2015 10:39 via rocketnews.com
  LONDON, Dec 16 (Reuters) – The pay of workers in Britain grew at its slowest in pace since early 2015 in the three months to October, official data showed, even as strong job creation pushed down the unemployment rate.The mixed signals from the labour market underscored one of the reasons why the Bank of England is in no hurry to raise interest rates with inflation only just above zero and little sign of a pickup in price pressure from rising wages. Britain’s unemployment rate unexpe
  
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• News of the day. 12:00 pm the EU

  16-12-2015 10:00 via liteforex.com
  Forex analytics: At 12:00 pm (GMT +2) market participants will be following the inflation data for the eurozone. On monthly basis, analysts forecast Consumer Price Index to decline to -0.1% in November from 0.1% in October. On annual basis, no changes are expected, and the indicator will remain at 0.1%. In general, Consumer Price Index is close to deflation; therefore, new measures are needed to boost EU ...
  
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• XAG/USD: price in correction

  16-12-2015 09:20 via liteforex.com
  Forex analytics: Current trendOn Tuesday, the price of silver was moving slowly up from its lows, reached the day before. Despite the upcoming Fed meeting, traders were quite active.It should be noted the price managed to grow amid favorable statistics on US Consumer Price Index. The data strengthened expectations that the Fed will start raising interest rates today. In annual terms, Consumer Price Index grew ...
  
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• News of the day. 11:00 am the EU

  16-12-2015 09:00 via liteforex.com
  Forex analytics: December’s Markit Manufacturing PMI and Markit Services PMI for the eurozone are due at 11:00 am (GMT +2). Analysts expect Services PMI to decline from 54.2 to 54.1 points, while Manufacturing PMI to remain unchanged at 52.8 points. A result above 50 indicates favorable economic conditions.
  
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• NZD/USD Technical Analysis: Topping Near 0.68 Figure?

  16-12-2015 08:39
  
  The New Zealand Dollar put in a Shooting Star candlestick, hinting at indecision following an upswing that could mark the beginning of a bearish reversal.
  
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• News of the day. 10:30 am Germany

  16-12-2015 08:30 via liteforex.com
  Forex analytics: At 10:30 am (GMT +2) traders will turn their attention to Markit Manufacturing PMI and Markit Services PMI for December. Analysts expect the first indicator to grow slightly from 52.9 to 53.0 points, while the second one to decline from 55.6 to 55.5 points. Generally, a result above 50 indicates favorable economic conditions.
  
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• EUR/GBP Technical Analysis: Waiting to Enter Short Trade

  16-12-2015 08:05
  
  Euro technical positioning continues to warn of a possible top being formed against the British Pound as negative RSI divergence warns of ebbing upside momentum.
  
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• News of the day. 10:00 am the EU

  16-12-2015 08:00 via liteforex.com
  Forex analytics: Amid Non-monetary policy's ECB meeting, due at 10:00 am (GMT +2), the EUR volatility might increase.
  
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• USD/CNH Technical Analysis: Candle Pattern Warns of Top

  16-12-2015 07:50
  
  The US Dollar put in a bearish Dark Cloud Cover candlestick pattern, hinting a move lower against the Chinese Yuan in offshore trade may be ahead.
  
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• For some on Wall Street, energy stocks are back in favor for 2016

  16-12-2015 07:24 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - While many investors have been wary of taking chances on the battered energy space, a sizeable minority of Wall Street strategists are betting on a pickup in oil prices next year and recommending energy stocks. "I've been doing this for 33 years and virtually any time I've seen anything as hated as energy is today ... it tends to be a pretty good investment if you can hold it for six to 12 months," said Robert Phipps, a director at Per Stirling Capit
  
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• Asia surges as Wall Street gains lifts sentiment before Fed decision

  16-12-2015 06:20 via news.yahoo.com
  
  By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks rose briskly on Wednesday, with sentiment lifting as Wall Street rose before a likely hike in U.S. interest rates, while the dollar held to large gains made as Treasury yields picked up. The Federal Reserve is expected to announce a hike in interest rates when its two-day policy setting meeting ends later in the day. It would be the first U.S. rate hike in nearly a decade, signaling the beginning of an end to an expansionary monetary policy tha
  
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• Asia surges as Wall St gains lifts sentiment before Fed decision

  16-12-2015 06:15 via news.yahoo.com
  
  By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks rose briskly on Wednesday, with sentiment lifting as Wall Street rose before a likely hike in U.S. interest rates, while the dollar held to large gains made as Treasury yields picked up. The Federal Reserve is expected to announce a hike in interest rates when its two-day policy setting meeting ends later in the day. It would be the first U.S. rate hike in nearly a decade, signalling the beginning of an end to an expansionary monetary policy th
  
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• Malaysia's sovereign rating remains unchanged: S&P's

  16-12-2015 05:51 via news.yahoo.com
  
  KUALA LUMPUR: Malaysia rating outlook remains unchanged at A- and stable despite domestic and global developments says Standard and Poor's. Developments over the past year ranging from the controversy surrounding the state fund 1Malaysia Development Fund (1MDB), China's policy shift and oil prices have not affected Malaysia's economic prospects and fiscal balance sheet said S&P's sovereign & international public finance ratings senior director Kim Eng Tan. "Key risk is political risk and
  
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• Malaysia’s sovereign rating remains unchanged: S&P’s

  16-12-2015 05:51 via rocketnews.com
  KUALA LUMPUR: Malaysia rating outlook remains unchanged at A- and stable despite domestic and global developments says Standard and Poor’s.Developments over the past year ranging from the controversy surrounding the state fund 1Malaysia Development Fund (1MDB), China’s policy shift and oil prices have not affected Malaysia’s economic prospects and fiscal balance sheet said S&P’s sovereign & international public finance ratings senior director Kim Eng Tan.
  “K
  
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• Wipro flags flood hit to Q3 earnings

  16-12-2015 05:34 via news.yahoo.com
  
  Wipro, India's third-largest software services exporter, warned investors on Wednesday that heavy flooding in Chennai would hit revenues and operating margins for the quarter ending on Dec. 31. Wipro, which employs 22,000 people across Chennai, is the latest IT service provider to warn of the impact of the floods in a city that has become a hub for the industry along with other centres like Bangalore and Hyderabad. Floods ravaged Chennai after heavy rains began in November, killing some 280 peop
  
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• US Dollar Likely to Rise vs. Aussie, Kiwi on Fed Rate Hike

  16-12-2015 04:26
  
  The US Dollar seems likely to rise against its Australian and New Zealand counterparts after the Federal Reserve issues its first post-QE interest rate hike.
  
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• Asia stocks gain as Wall St. rises before Fed, dollar stands tall

  16-12-2015 04:21 via news.yahoo.com
  
  By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks gained on Wednesday, with sentiment lifting as Wall Street rose before a likely hike in U.S. interest rates, while the dollar held to large gains made as Treasury yields picked up. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.5 percent. Japan's Nikkei gained 1.9 percent and Shanghai stocks edged up 0.4 percent.
  
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• Asia stocks gain as Wall Street rises before Fed, dollar stands tall

  16-12-2015 03:22 via news.yahoo.com
  
  Asian stocks gained on Wednesday, with sentiment lifting as Wall Street rose before a likely hike in U.S. interest rates, while the dollar held to large gains made as Treasury yields picked up. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.5 percent. Japan's Nikkei gained 1.9 percent and Shanghai stocks edged up 0.4 percent.
  
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