Analyst news

• USD/CNH Technical Analysis: Rally Stalls at Five-Year High

  30-12-2015 22:35
  
  The US Dollar may be carving out a top after rising to the highest level since January 2011 against the Chinese Yuan in offshore trade.
  
  Read more

• Oil bogs down Wall St as S&P 500 clings to gain for 2015

  30-12-2015 22:31 via news.yahoo.com
  
  Wall Street dropped on Wednesday as Brent crude slid towards 11-year lows and Apple weighed on the S&P 500 index, which clung to a meager gain for 2015. The S&P energy sector was the poorest performer among the 10 major sectors, down 1.47 percent after forecasts of a short winter in North America and Europe piled pressure on the oversupplied commodity. Apple was the heaviest drag on the S&P 500 and Nasdaq Composite, falling 1.31 percent.
  
  Read more

• Wall St. drops on oil and Apple weakness

  30-12-2015 22:03 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street dropped on Wednesday as Brent crude slid towards 11-year lows and Apple weighed on the S&P 500 index, which clung to a meager gain for 2015.
  
  Read more

• GBP/JPY Technical Analysis: Major Support Broken, is a New Trend Afoot?

  30-12-2015 21:16
  
  Last week's holiday trading environment saw a break of a pivotal support level in GBP/JPY. Might we have a new down-trend to work with as we move into 2016?
  
  Read more

• Advertisement

• Apple drags Wall St. lower as S&P 500 clings to gain for 2015

  30-12-2015 20:41 via news.yahoo.com
  
  The S&P energy sector was the poorest performer among the 10 major sectors, down 1.16 percent after forecasts of a short winter in North America and Europe piled pressure on the oversupplied commodity. Apple was the heaviest drag on all three major indexes, falling 1 percent. Netflix and Amazon.com, the S&P 500's top two performers in 2015, were down 0.96 percent and 0.04 percent respectively.
  
  Read more

• Chinese Yields Fall on Diminished Rate Expectations

  30-12-2015 19:17
  
  PBOC Chief Economist highlights the risks of interest rate volatility, hinting towards potential delays in rate cuts next year.
  
  Read more

• Retreating crude, Apple drag Wall St lower

  30-12-2015 19:11 via news.yahoo.com
  
  Wall Street was lower on Wednesday as Brent crude slid back towards the 11-year low it hit last week and Apple weighed on all three major indexes. "Traders are ready to tie a bow on 2015 very happily, because it was one of those years when most asset classes didn't work," said Jeff Kravetz, regional investment director at U.S. Bank Wealth Management in Phoenix, Arizona. At 12:33 p.m. ET (1533 GMT), the Dow Jones industrial average was down 51.98 points, or 0.29 percent, at 17,669, the S&P 50
  
  Read more

• Retreating crude, Apple drag Wall Street lower

  30-12-2015 19:01
  By Abhiram Nandakumar(Reuters) – Wall Street was lower on Wednesday as Brent crude slid back towards the 11-year low it hit last week and Apple weighed on all three major indexes.
  Crude oil gave up its gains from Tuesday after forecasts of a short winter in North America and Europe piled pressure on the oversupplied commodity.The S&P 500 energy sector was the most declined among the 10 major sectors, with a 1.03 percent fall. Shares of Exxon were down 0.8 percent at $78.56, while Chevr
  
  Read more

• Advertisement

• Retail FX Traders Head into New Year Short Euro, Long USD

  30-12-2015 18:00
  
  Retail FX traders head into the New Year net-short the Euro, Australian Dollar, and New Zealand Dollar; we favor further near-term gains. But watch for Dollar gains versus GBP, CAD, and Gold Prices.
  
  Read more

• Q1 2016 Forecast: US Dollar Looks in Trouble Heading into 2016

  30-12-2015 18:00
  
  The US Federal Reserve has finally raised interest rates, and this in itself should support the US Dollar in 2016. Yet a key factor that may stand in the way of further Dollar gains is straightforward: expectations.
  
  Read more

• Q1 2016 Forecast: S&P 500, World Equities at Risk of Major Correction

  30-12-2015 18:00
  
  Can 2016 finally produce the significant correction which many have feared? We’ll watch a number of critical fundamental themes going forward, while our technical outlook suggests key assets are ripe for an important turn lower.
  
  Read more

• Q1 2016 Forecast: No End in Sight for Oil Price Declines

  30-12-2015 18:00
  
  Unless we see a marked shift in global industrial growth, we expect the value of Crude Oil will continue lower through 2016.
  
  Read more

• Q1 2016 Forecast: Gold Sell-Off to Accelerate as Fed Likely to Hike Rates

  30-12-2015 18:00
  
  Gold prices traded into fresh multi-year lows as the US Federal Reserve raised interest rates for the first time in eight years. Yet the immediate reaction following the highly-anticipated hike was relatively muted. What could continue to drive gold price trends through 2016?
  
  Read more

• Q1 2016 Forecast: Fed Rate Hikes and BoJ Action Points to USD/JPY Gains

  30-12-2015 18:00
  
  A stark difference between US Federal Reserve policy and the Bank of Japan should be enough to drive the USD/JPY higher through the New Year, but these are the key factors which will likely determine trends.
  
  Read more

• DailyFX Forecasts for the US Dollar, Gold, Equities, Yen, and Oil in 2016

  30-12-2015 18:00
  
  Forex and broader financial markets head into the New Year with a surprising amount of certainty: the Dollar seems in control as the Fed hikes rates and global equities rally. But can that last? Here are the key themes we’re watching.
  
  Read more

• Price of Gold Likely to Continue Lower

  30-12-2015 17:55
  
  Aggressively one-sided retail forex trader positions warn that Gold prices may continue to decline through near-term trading.
  
  Read more

• New Zealand Dollar Forecast to Strengthen Further

  30-12-2015 17:55
  
  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.
  
  Read more

• Forex Traders End the Year Short the Euro, We Like Buying

  30-12-2015 17:55
  
  Retail forex traders remain short the Euro versus the US Dollar, and a contrarian view of crowd sentiment calls for further near-term gains.
  
  Read more

• Crowd Sentiment Continues to Favor USD/CAD Gains

  30-12-2015 17:55
  
  Retail FX traders remain aggressively short the US Dollar versus the Canadian Dollar, and until this changes we will maintain our contrarian calls for further USD/CAD strength.
  
  Read more

• British Pound Remains Likely to Fall Further

  30-12-2015 17:55
  
  Retail forex traders continue to buy aggressively into British Pound weakness, and a contrarian view of popular sentiment leaves us firmly in favor of selling the GBP/USD.
  
  Read more

• Activist investor Icahn triumphs in battle for Pep Boys

  30-12-2015 17:55 via news.yahoo.com
  
  Wall Street activist investor Carl Icahn won a bidding war Wednesday for US auto service chain Pep Boys with an all-cash $1 billion deal after Japanese tire giant Bridgestone pulled out. Icahn, who is expected to split the company and merge its retail side with his Auto Plus car parts network, offered $18.50 a share, or $1.03 billion, on Monday to buy Pep Boys, topping Bridgestone's sweetened December 24 proposal of $17 a share. On Tuesday, the world's largest tire maker said it would not counte
  
  Read more

• Wall Street lower as Brent retreats, Apple drags

  30-12-2015 17:47 via news.yahoo.com
  
  By Abhiram Nandakumar REUTERS - Wall Street was lower on Wednesday as Brent crude slid back towards the 11-year low it hit last week and Apple weighed on all three major indexes. Crude oil gave up its gains from Tuesday after forecasts of a short winter in North America and Europe piled pressure on the oversupplied commodity. The S&P 500 energy sector led nine of the 10 major S&P sectors lower with a 1.14 percent decline. Shares of Exxon were down 0.8 percent at $78.56, while Chevron was
  
  Read more

• UPDATE 1-Icahn to buy Pep Boys for $1 bln after Bridgestone bows out

  30-12-2015 17:19
  
  Dec 30 (Reuters) - Carl Icahn's Icahn Enterprises LP has agreed to buy Pep Boys-Manny Moe & Jack for about $1 billion, the companies said on Wednesday, hours after Bridgestone Corp quit the race for...
  
  Read more

• Silver Prices Slide On A Strong Dollar

  30-12-2015 16:52
  
  Silver prices are nearing the lower end of their December range. And on a bearish break to range I anticipate a decline to the July 29 2009 low at $13.17.
  
  Read more

• Fidelity boosted pre-IPO value of Twilio by 31 percent in November

  30-12-2015 16:21 via news.yahoo.com
  
  Fidelity Investments, one of the largest investors in pre-IPO companies, boosted the value of Twilio Inc by 31 percent in November, as speculation builds that the provider of mobile messaging platforms may go public in 2016. Fidelity's $100 billion-plus Contrafund valued its Series E stake in Twilio at $43.5 million in November, compared with $33.2 million a month earlier, according to disclosures made public on Wednesday. The Wall Street Journal has reported that San Francisco-based Twilio has
  
  Read more

• Wall Street lower as crude gives up gains

  30-12-2015 16:07 via news.yahoo.com
  
  Shares of Exxon and Chevron were down about 1 percent. Chevron was the biggest drag on the Dow Jones industrial average. At 9:44 a.m. ET (1444 GMT), the Dow was down 53.76 points, or 0.3 percent, at 17,667.22, the S&P 500 was down 6.47 points, or 0.31 percent, at 2,071.89 and the Nasdaq Composite index was down 13.34 points, or 0.26 percent, at 5,094.59.
  
  Read more

• Wall Street opens lower as crude retreats

  30-12-2015 15:37 via news.yahoo.com
  
  REUTERS - U.S. stocks opened slightly lower on Wednesday as crude oil gave up Tuesday's gains after forecasts indicated cold weather in Europe and the United States would be short-lived. The Dow Jones industrial average fell 12.91 points, or 0.07 percent, to 17,708.07, the S&P 500 lost 2.22 points, or 0.11 percent, to 2,076.14 and the Nasdaq Composite index dropped 6.33 points, or 0.12 percent, to 5,101.61. (Reporting by Sai Sachin R in Bengaluru)
  
  Read more

• Top 3 Themes as We Approach 2016, Part 2: Commodity Carnage

  30-12-2015 15:36
  
  As we near the end of a tumultous year, investors are facing a very new set of risks in 2016. Today, we look at the impact of continued weakness in commodities.
  
  Read more

• GBP/USD: pair fell

  30-12-2015 15:31 via liteforex.com
  Forex analytics: Current trendAfter a significant growth in the end of last week, since the beginning of this week the pair is falling. The pair was pressured by strong macroeconomic statistics from the US that was published on Tuesday. The S&P/Case-Shiller Home Price Indices and Consumer Confidence came out better than expectations of experts.Tomorrow attention needs to be paid to data on Initial and ...
  
  Read more

• Saudi Arabia says won't limit oil production, can meet customer demand

  30-12-2015 15:07 via news.yahoo.com
  
  Saudi Arabian Oil Minister Ali al-Naimi said the kingdom, the world's top crude exporter, does not limit its output and has the capacity to meet additional demand, state television Al Ekhbariya reported on Wednesday. The Wall Street Journal, which reported the same comments as Al Ekhbariya, also quoted Naimi as saying Saudi Arabia's oil policy was "reliable" and would not change. On Monday, Saudi Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit
  
  Read more

• Pending Home Sales. US, 5:00 pm

  30-12-2015 15:00 via liteforex.com
  Forex analytics: Data on Pending Home Sales for November is due at 5:00 pm (GMT +2) in the US. The index is forecasted to come out at 0.5%, against 0.2% in the previous month.
  
  Read more

• Saudi Arabia says no change in oil policy, ready to meet demand – WSJ

  30-12-2015 13:46
  KHOBAR, Saudi Arabia (Reuters) – Saudi Arabian Oil Minister Ali al-Naimi said the kingdom, the world’s top crude exporter, does not limit its output and has the capacity to meet additional demand, state television Al Ekhbariya reported on Wednesday.“The increase in production depends on … the demand of the customers. We meet our customers’ demand, there is no longer a limit to production, as long as there is demand, we have the ability to meet demand,” Naimi
  
  Read more

• NZD/USD: at key resistance level

  30-12-2015 13:12 via liteforex.com
  Forex analytics: Current trendThe target range of inflation in New Zealand is 1-3 percent. Therefore, amid the current near-zero inflation, RBNZ tends to continue monetary policy easing to ensure sustainable economic growth in the country.The NZD/USD pair gained support from strong NZ GDP data for the third quarter. The indicator grew by 0.9% against previous 0.3%. But as long as the Fed and RBNZ have ...
  
  Read more

• Where Will The FTSE Finish 2015? A Year On

  30-12-2015 12:44 via news.yahoo.com
  
  Every year in late December bored journalists and cocksure analysts pick up their crystal balls and dust off their tarot cards in an attempt to predict the future of the stock market. For those of you foolish enough to follow the wisdom of The Telegraph’s Ben Martin your year, one imagines, must have been fairly fraught. While his colleague Andrew Critchlow fared little better with Shell (LSE: RDSB.L - news) falling 30%.
  
  Read more

• European stocks stumble on gloomy Lagarde, oil retreat

  30-12-2015 12:44 via news.yahoo.com
  
  Sentiment was dented after the head of the International Monetary Fund, Christine Lagarde, warned that global economic growth will be "disappointing and patchy" in 2016. The region's markets had risen on Tuesday on steadier oil prices, which also lifted Wall Street overnight. "Kicking off the day with a warning from Christine Lagarde that global growth in 2016 would be disappointing of course did not help matters.
  
  Read more

• FTSE 100 Technical Correction Should Not Deter Bullish Trend

  30-12-2015 12:00
  
  At this point I am treating the decline in the FTSE 100 as a technical pullback as we lack a strong reason to expect a multiday reversal at this point in time.
  
  Read more

• DAX 30 Pulls Back Fueled By Softer Basic Resources, Oil & Gas Sectors

  30-12-2015 10:56
  
  Given the overall bullish trend I am seeing today's decline as a short-term correction rather than the beginning of a new trend.
  
  Read more

• Ocado shares slump on concerns of competition from Amazon

  30-12-2015 10:18
  
  LONDON, Dec 30 (Reuters) - Shares in British online supermarket Ocado fell sharply on Wednesday, which traders attributed to concerns over growing competition from a rival service at Amazon.
  
  Read more

• XAU/USD: flat in pair

  30-12-2015 10:08 via liteforex.com
  Forex analytics: Current trendYesterday the price of gold had no change as it remained at the opening level of the day.Some support the pair received from quite strong US statistics. The Consumer Confidence in December grew from 92.6 to 96.5 points, while economists forecasted a growth to 93.8 points. The S&P/Case-Shiller Home Price Indices for October increased by 5.5% that was also better than forecasts. ...
  
  Read more

• USD/CHF: pair strengthened

  30-12-2015 09:33 via liteforex.com
  Forex analytics: Current trendYesterday the pair strengthened. US Dollar continues receiving support from December Fed decision on interest rates. In addition, yesterday the pair was supported by the publication of data on the Consumer Confidence in the US. In December, the index grew from 92.6 to 96.5 points that was significantly better than forecasts of 92.8 points.Until the end of the week, volatility on ...
  
  Read more

• EUR/USD: European currency remains under pressure

  30-12-2015 09:32 via liteforex.com
  Forex analytics: Current trendThe European currency slowed down its timid growth against the US Dollar. On Tuesday, the pair was trading mixed. The American currency managed to get some support from US releases, in particular December’s data on Consumer Confidence.No high volatility is expected during the last days of this year; however, attention needs to be paid to ECB Monetary Policy Meeting Accounts, ...
  
  Read more

• Saudi companies estimate earnings impact of 2016 budget

  30-12-2015 09:13 via news.yahoo.com
  
  Dec 30 (Reuters) - Saudi Arabian companies are announcing estimates of the impact on their earnings of fuel, electricity and natural gas feedstock price hikes in the 2016 state budget. ...
  
  Read more

• UPDATE 2-Hyundai Motor, Kia Motors ordered to cut stakes in steel affiliate

  30-12-2015 07:24
  
  * Hyundai Steel shares skid 6 pct (Add comments from Hyundai, FTC official, closing share price of Hyundai Steel)
  
  Read more

• Consumption Indicator. Switzerland, 9:00 am

  30-12-2015 07:00 via liteforex.com
  Forex analytics: Data on the UBS Consumption Indicator for November is due at 9:00 am (GMT+2) in Switzerland. 
  
  Read more

• Asian market rally fizzles on oil price retreat

  30-12-2015 06:48 via news.yahoo.com
  
  Most major Asia-Pacific stock markets turned lower Wednesday after a brief morning rally, as another slump in oil prices dented buying sentiment. The reversal came after Wall Street and European markets rose Tuesday, bolstered by a brief rebound in crude prices and a positive reading on US consumer confidence as the year draws to a close. "Risk sentiment is very much subject to crude oil prices," Hiroyuki Yamamuro, an analyst at Ueda Harlow, told Bloomberg News.
  
  Read more

• MIDEAST STOCKS-Saudi stocks may rise as budget gloom eases

  30-12-2015 06:35 via news.yahoo.com
  
  Saudi Arabia's stock market may rise on Wednesday as an initial, negative reaction to the 2016 state budget fades and investors focus more on the positives. The Saudi index fell 0.9 percent on Tuesday as retail investors reacted negatively to the budget announcement, which included spending cuts, rises in fuel, natural gas feedstock and electricity prices, and tax hikes. Saudi Basic Industries said on Wednesday that its costs would rise 5 percent in 2016, while Saudi Arabian Fertilizer Co said c
  
  Read more

• Bridgestone pulls out of bidding war for US auto chain Pep Boys

  30-12-2015 04:20
  Bridgestone has pulled out of a bidding war with Wall Street activist Carl Icahn for control of US auto service chain Pep Boys.
  The US arm of the Japanese tyre giant said on Tuesday it would not launch a counter-offer to Icahn’s latest bid of $18.50 a share, or more than $1.0 billion.
  The two sides have been battling since Bridgestone first sealed a takeover deal with the Philadelphia-based Pep Boys — Manny, Moe & Jack at just $15 a share.
  Bridgestone wanted to add the US firm&r
  
  Read more

• NZD/USD Technical Analysis: Two-Month Resistance Exposed

  30-12-2015 01:25
  
  The New Zealand Dollar looks poised to challenge two-month highs�against its US�counterpart below the 0.69 figure having extended upward for a third consecutive day.
  
  Read more

Follow @news_analyst on Twitter!