Analyst news

• Wall Street ends flat, indexes post best week of 2016

  19-02-2016 22:40 via news.yahoo.com
  
  The Nasdaq rose, helped by a 7 percent jump in Applied Materials shares after the chip equipment provider gave a strong profit and revenue forecast for the current quarter. Buoyed by big gains on Tuesday and Wednesday, the major indexes posted their best weekly performances this year, with the Nasdaq tallying its strongest week since July. The S&P 500 remains down 6.2 percent this year, however, hurt by oil's prolonged slide and fears of China-led slowdown in the global economy.
  
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• S&P warns it may cut Icahn Enterprises to junk status, stock falls

  19-02-2016 22:33 via news.yahoo.com
  
  By Svea Herbst-Bayliss BOSTON (Reuters) - U.S. ratings agency Standard & Poor's warned on Friday it may cut the credit rating of billionaire investor Carl Icahn's Icahn Enterprises to junk status after the portfolio absorbed heavy commodity sector losses in the last few months. S&P placed its triple-B-minus issuer credit rating and senior unsecured debt rating of Icahn Enterprises on "CreditWatch with negative implications," the agency said in a statement. The news weighed on Icahn Enter
  
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• Wall Street inches lower on oil, weak earnings

  19-02-2016 22:07 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street dipped on Friday, hurt by a renewed drop in oil prices and disappointing earnings from Nordstrom, but the major indexes still posted their best weeks of the year. The Dow Jones industrial average fell 23.08 points, or 0.14 percent, to 16,390.35, the S&P 500 lost 0.21 points, or 0.01 percent, to 1,917.62 and the Nasdaq Composite added 16.89 points, or 0.38 percent, to 4,504.43. (Reporting by Chuck Mikolajczak; Editing by Meredith Mazzilli)
  
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• Buffett's Berkshire Hathaway avoids S&P rating downgrade

  19-02-2016 21:33 via news.yahoo.com
  
  Standard & Poor's on Friday left its "AA" credit ratings for Warren Buffett's Berkshire Hathaway Inc alone, saying the company's growing diversification and "modest" financial risks meant a downgrade was not necessary. Berkshire had been put on review for a possible downgrade on Aug. 11, on concern about Buffett's decision to deploy a large amount of cash toward last month's $32 billion acquisition of industrial parts maker Precision Castparts Corp. But S&P analyst Laline Carvalho said B
  
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• Oil slide drags on Wall Street; S&P poised for best week of 2016

  19-02-2016 20:59 via news.yahoo.com
  
  The Nasdaq edged higher, helped by a 7.9 percent rise in Applied Materials after the chip equipment provider gave a strong profit and revenue forecast for the current quarter. The S&P 500 remains down 6.4 percent this year, hurt by oil's prolonged slide and fears of China-led slowdown in the global economy. Oil prices, which have been tightly tied to the performance of equities, fell 4 percent as record high U.S. crude stockpiles heightened supply concerns.
  
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• EUR/USD Holds Above 1.1060

  19-02-2016 20:44
  EUR/USD has pulled into a support price zone on shrinking volume. See how volume, sentiment and technical analysis gives us clues to the higher probability moves.
  
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• China Introduces New Policy Designed to Boost Housing Market

  19-02-2016 20:32
  China has introduced a series of policies designed to stimulate the housing market, with the most recent move being unveiled yesterday.
  
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• S&P warns it may cut Icahn Enterprises to junk status

  19-02-2016 20:28 via news.yahoo.com
  
  U.S. ratings agency Standard & Poor's warned on Friday it may cut the credit rating of billionaire investor Carl Icahn's Icahn Enterprises to junk status because the portfolio had suffered heavy losses in the last few months. S&P put the company on "CreditWatch with negative implications," the agency said in a statement. The news hurt shares of Icahn Enterprises, which were down 5.7 percent in afternoon trading at $51.73.
  
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• Constructive Copper Pattern adds to AUD/USD Intrigue

  19-02-2016 19:50
  Copper looks the most constructive that it has in years. From an FX perspective, this could be tailwind for AUD/USD.
  
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• Deere's 1Q results top estimates, but cuts full-year outlook

  19-02-2016 19:39 via news.yahoo.com
  
  MOLINE, Ill. (AP) — Deere cut its full-year earnings forecast Friday even as the agricultural equipment maker beat Wall Street's expectations for the first quarter. It has been dealing with weak sales of farm and construction equipment.
  
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• AUD/USD Hit by RBA Verbal Intervention- Retail FX Remains Short

  19-02-2016 19:20
  The retail FX crowd remains net-short AUD/USD going into the weekend especially as the RBA toughens the verbal intervention on the local currency.
  
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• Buffett's Berkshire avoids S&P rating downgrade

  19-02-2016 19:19 via news.yahoo.com
  
  Standard & Poor's on Friday left intact its "AA" credit ratings for Warren Buffett's Berkshire Hathaway Inc , saying the company's diversification and "modest" financial risk justify the high grade. Berkshire had been put on review on Aug. 11 for a possible downgrade on concern about Buffett's decision to deploy a large amount of cash toward the $32 billion acquisition of industrial parts maker Precision Castparts Corp. But S&P analyst Laline Carvalho said Berkshire's ratings were suppor
  
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• Buffett’s Berkshire avoids S&P rating downgrade

  19-02-2016 19:19
  By Jonathan Stempel(Reuters) – Standard & Poor’s on Friday left intact its “AA” credit ratings for Warren Buffett’s Berkshire Hathaway Inc , saying the company’s diversification and “modest” financial risk justify the high grade. Berkshire had been put on review on Aug. 11 for a possible downgrade on concern about Buffett’s decision to deploy a large amount of cash toward the $32 billion acquisition of industrial parts maker Precision Cas
  
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• NYSE drops proposal to flag 'aberrant' trading in ETFs: regulators

  19-02-2016 18:24 via news.yahoo.com
  
  The exchange in late January dropped a request with federal regulators that would have let it discourage traders and market-data companies from relying on ETF prices "that the exchange determines to be inconsistent with the prevailing market," the U.S. Securities and Exchange Commission said in a filing on Thursday. NYSE's Arca exchange is a primary listing and trading venue for the $3 trillion global ETF market, and it has been scrutinized closely for its response to a lopsided trading session
  
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• Are both the US Dollar and the S&P 500 Worth Buying?

  19-02-2016 18:00
  A major turn in retail FX trader positioning warns that the Euro could continue lower, while the S&P 500 finally looks like a buy. Here’s what changed.
  
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• S&P 500 is a Buy until this Changes

  19-02-2016 17:55
  A major shift in retail trader positions warns that the S&P 500 is likely to continue higher through the foreseeable future.
  
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• German DAX Shows Clear Signs of Turnaround

  19-02-2016 17:55
  A notable shift in retail trader positioning suggests that the German DAX may continue higher through near-term trading.
  
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• Euro Likely to Trade Lower, but Large Breakdown Remains Unlikely

  19-02-2016 17:55
  A marked shift in retail forex trader positions warns that the Euro is likely to trade sideways or lower against the US Dollar.
  
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• Canadian Dollar May Offer Selling Opportunity at Range Lows

  19-02-2016 17:55
  A notable shift in retail FX trader positioning suggests that the Canadian Dollar will remain in a broad range versus the US Dollar.
  
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• British Pound Forecast Remains Firmly Bearish

  19-02-2016 17:55
  Aggressively one-sided retail forex trader positioning warns that the British Pound will likely fall further versus the US Dollar.
  
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• S&P 500 – Symmetry Rules

  19-02-2016 16:50
  S&P 500 stalls at key square root relationship again, Over 1935/55 needed to unlock further upside.
  
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• USD/СAD: Wave analysis and forecast for 19.02 – 26.02

  19-02-2016 16:33 via liteforex.com
  Forex analytics: USD/СAD:Wave analysis and forecast for 19.02 – 26.02: The pair is undergoing correction. Estimated pivot point is at the level of 1.3650. Our opinion: In the short-term: buy the pair above the level of 1.3650 with the target of 1.41 – 1.4270. In the medium-term: wait for the completion of the correction and sell with the target of 1.3280. Alternative scenario: Breakdown and consolidation ...
  
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• USD/JPY: Wave analysis and forecast for 19.02 – 26.02

  19-02-2016 16:24 via liteforex.com
  Forex analytics: USD/JPY: Wave analysis and forecast for 19.02 –26.02: Downtrend prevails. Estimated pivot point is at the level of 116.40. Our opinion: Sell the pair below the level of 116.40 with the target of 108.50 – 107.00.Alternative scenario: Breakout and consolidation of the price above the level of 116.40 allow the pair to continue the rise to the level of 121.50 or higher up. Analysis: ...
  
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• USD/CHF: Wave analysis and forecast for 19.02 – 26.02

  19-02-2016 16:21 via liteforex.com
  Forex analytics: USD/CHF: Wave analysis and forecast for 19.02–26.02: Downtrend continues.Estimated pivot point is at the level of 1.0254. Our opinion: Sell the pair from correction below the level of 1.0254 with the target of 0.9470. Alternative scenario: ПBreakout and consolidation of the price above the level of1.0254 will allow the pair to continue the rise up to the level of 1.05.Analysis: Presumably, ...
  
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• GBP/USD: Wave analysis and forecast for 19.02 – 26.02

  19-02-2016 16:00 via liteforex.com
  Forex analytics: GBP/USD: Wave analysis and forecast for 19.02 – 26.02: Downtrend continues.Estimated pivot point is at the level of 1.4580. Our opinion: Sell the pair below the level of 1.4580 with the target of 1.3950. Alternative scenario: Breakout and consolidation of the price above the level of 1.4580 enable the pair to continue the rise to the levels of 1.50 - 1.55.Analysis: Presumably, “bearish” ...
  
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• EUR/USD: Wave analysis and forecast for 19.02 – 26.02

  19-02-2016 15:48 via liteforex.com
  Forex analytics: EUR/USD:Wave analysis and forecast for 19.02 – 26.02: Uptrend continues. Estimated pivot point is at the level of 1.0970. Our opinion: Buy the pair from correction above the level of 1.0970 with the target of 1.15 – 1.16. Alternative scenario: Breakout and consolidation of the price below the level of 1.0970 will allow the pair to continue decline to 1.0806. Analysis: Presumably, the ...
  
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• Oil, Stocks and Banks: The Transmission of Contagion

  19-02-2016 15:30
  While many around the world are plotting Oil correlations with stocks, the real fear may already have begun: Banks are already getting hit and that rarely works out well.
  
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• Gold Prices Attempting 5 Weeks of Gains

  19-02-2016 15:07
  Gold prices are in a broad based bull run when priced in 6 other markets. $1167-$1190 is the next level of support in a retracement.
  
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• USD/CHF: the pair is likely to rise

  19-02-2016 14:56 via liteforex.com
  Forex analytics: This week the pair USD/CHF has regained the losses of the previous week, which were caused by the speech of Janet Yellen, the head of the US Fed. Mrs. Yellen did not give any indications that interest rate in the USA would be raised at the meeting in March.However, this week the pair can regain and go back to the uptrend. Note that it happens despite Wednesdays’ minutes of the FOMC meeting, ...
  
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• USD/CHF: economic expectations have dropped in February

  19-02-2016 14:56 via liteforex.com
  Forex analytics: While the pair EUR/USD is rising due to EU summit, which is currently taking place, the pair USD/CHF is declining. The pair USD/CHF has invert correlation with the pair EUR/USD, which is close to 95%. Franc has been declining due to probability of sudden interventions and unexpected decisions by SNB; therefore if we apply the theory of invert correlation, decline in the pair EUR/USD will trigger ...
  
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• Chinese logistics firm ZTO Express plans U.S. IPO - WSJ

  19-02-2016 14:47 via news.yahoo.com
  
  (Adds IFR report on ZTO's Hong Kong IPO plan; also adds companyand IPO market background) Feb 19 (Reuters) - Logistics company ZTO Express is planninga U.S. initial public offering that could be the biggest U.S.listing by a Chinese company since ecommerce giant Alibaba GroupHolding Ltd's $25 billion IPO, the Wall Street Journalreported. Shanghai-based ZTO Express could raise between $1 billionand $2 billion by later this year or early 2017, the Journalreported, citing people familiar with the ma
  
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• Silver Prices Break Higher

  19-02-2016 14:10
  Silver prices are up today after spending a week trading sideways. The move appears to be spurred by stock markets continuing to give back this week's gains.
  
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• XAU/USD: growth will continue

  19-02-2016 13:46 via liteforex.com
  Forex analytics: Current trendIn the beginning of the month, the price of gold significantly grew.The price was supported by the weakening US Dollar and a fall of the world stock markets, which forced investors to switch their funds into the safe-haven assets, such as gold. In addition, the price was supported by the latest Fed commentaries, according to which the regulator might reconsider its plans on ...
  
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• Futures lower as oil rally falters

  19-02-2016 13:34 via news.yahoo.com
  
  Crude prices fell about 2 percent, with U.S. crude hovering at $30 per barrel after a record increase in U.S. stockpiles. Oil prices and the stock market have moved in lockstep for much of the year as investors look at demand for energy for a bearing on global economic health. Oil prices rose more than 14 percent in the three days to Thursday after a move by top exporters to freeze oil output at January's levels.
  
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• Retail Sales. Canada, 3:30 pm

  19-02-2016 13:30 via liteforex.com
  Forex analytics: Data on Retail Sales for December is due in Canada at 3:30 pm (GMT+2). On a year-over-year basis, the indicator is expected to be down to -0.6% from 1.7%. The data represents changes in the volume of goods sold by retailers. A fall in the indicator might affect the Canadian Dollar.
  
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• Gucci sales rise helps owner Kering to higher earnings

  19-02-2016 13:09 via news.yahoo.com
  
  PARIS (AP) — The French luxury group Kering, owner of brands like Gucci and Yves Saint Laurent, saw its earnings rise last year as demand in Europe and Japan offset a decline in struggling developing economies in Asia and Latin America.
  
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• Brent: reservas em EUA cresceram

  19-02-2016 12:49 via liteforex.com
  Forex analytics: Na reunião em Doha, a capital de Catar, os representantes de maiores países-produtores de petróleo (Arábia Saudita, Catar, Venezuela e Rússia) chegaram a uns acordos sobre manter volumes de extração de petróleo em nível de janeiro Mas embora isto, ontem, os preços do petróleo caíram novamente. O petróleo de marca Brent terminou ontem o dia de negócio, encerrando com o preço 3
  
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• EUR/USD: general analysis Current trend

  19-02-2016 12:42 via liteforex.com
  Forex analytics: Current trendYesterday, the US Dollar strengthened against the Euro amid the publication of favorable data on Initial Jobless Claims in the US. The indicator came in at 262K against the forecast of 275K.Current Account of the eurozone grew to 41.4 billion. The indicator has a limited effect on the market, but, in general, favorable data can support the European currency.Today, attention ...
  
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• Market volatility stalling IPOs - Nasdaq president

  19-02-2016 12:25 via news.yahoo.com
  
  Sharp stock market swings in recent weeks are for now giving companies cold feet about going public with initial public offerings (IPOs), Nasdaq President and Chief Operating Officer Adena Friedman said on Friday. "We have a healthy pipeline of IPOs, though given the current market environment, many of these companies are holding off going public," Friedman said in Paris at a French-American Foundation event.
  
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• Brent: US oil inventories have grown

  19-02-2016 12:20 via liteforex.com
  Forex analytics: At the meeting in the capital of Qatar Doha, representatives of the largest oil-producing countries (Saudi Arabia, Qatar, Venezuela and Russia) have reached agreement to maintain oil production at the level of January. Despite this fact, oil prices fell yesterday. Yesterday, closing price of crude oil Brent was 34.00 USD per barrel.Earlier this week representatives of the above countries said ...
  
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• US close: Stocks slip as oil futures come under pressure

  19-02-2016 09:18 via news.yahoo.com
  
  (ShareCast News) - Wall Street ended the session lower as a retreat in oil futures undercut positive news on the jobs front.
  
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• NZD/USD Technical Analysis: Trying to Resolve Key Resistance

  19-02-2016 09:17
  The New Zealand Dollar remains locked in a narrow consolidation range against its US namesake as prices look for direction having tested key resistance set from July 2014.
  
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• EUR/USD Risks More Losses on Sticky U.S. Consumer Price Index (CPI)

  19-02-2016 09:00
  Signs of stronger U.S. inflation may spark a further decline in EUR/USD should the data boosts expectations for a Fed rate-hike in 2016.
  
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• USD/JPY: fall resumed

  19-02-2016 08:47 via liteforex.com
  Forex analytics: Current trendYesterday the pair continued falling despite the publication of poor statistics in Japan.Exports in January fell by 12.9% that came out slightly worse than expectations of economists. Dynamics of Imports remained unchanged as it showed an 18% decline. The Trade Balance deficit amounted to 645.8 billion Yen while economists expected the deficit of 680 billion.An interest for the ...
  
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• Producer Price Index. Germany, 10:00 am

  19-02-2016 08:00 via liteforex.com
  Forex analytics: Data on Producer Price Index for January is due in Germany at 10:00 am (GMT+2). The indicator is expected to grow to -0.3% from -0.5%. The index tracks dynamics of wholesale prices in the primary market. Generally, a growth in the indicator might strengthen the Euro.
  
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• Oil Drag Shares to Pare Gains while Gold Jumps on Haven Interests

  19-02-2016 07:41
  Oil slid after US data showed another large stock build and OPEC producers hesitated to cut output. Stocks followed suit and gold jumped
  
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• US Dollar, Yen May Rise as CPI Data Clashes with Dovish Fed View

  19-02-2016 06:31
  The US Dollar and Japanese Yen may rise if an upbeat set of US inflation figures clashes with priced-in Fed policy expectations that no longer envision rate hikes in 2016.
  
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• AUS200 Technical Analysis: Facing Tough Resistance

  19-02-2016 05:42
  Upward momentum wanes as the AUS 200 approaches a tough resistance at 5074, which may hinder its return to August-January range
  
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• Debt, fx markets closed on Friday for local holiday

  19-02-2016 05:00 via news.yahoo.com
  
  REUTERS - Indian debt and foreign exchange markets will remain closed on Friday on account of a local holiday, but the stock market will continue to function as usual. Debt and foreign exchange markets will re-open on Monday after the three-day weekend. On Thursday, India's benchmark 10-year bond yield ended 5 basis points lower at 7.74 percent. The partially convertible rupee closed the week at 68.4550/4650 per dollar, little changed from its previous close of 68.47/48 on Wednesday.
  
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• Yuan Climbs Higher after Onshore Markets Reopen

  19-02-2016 02:26
  In the past week, the onshore Yuan rate (CNY) had its biggest weekly gain against the US dollar since March 23, 2015.
  
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