Analyst news

• GBP/USD Rebound at Risk as BoE Speaks on U.K. Referendum

  04-03-2016 23:48
  After posting the first five-consecutive days of advances since June, GBP/USD stands at risk facing near-term headwinds should Bank of England (BoE) officials endorse a wait-and-see approach ahead of their next interest rate decision on March 17.
  
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• Report due in days could break deadlock on Caesars bankruptcy

  04-03-2016 23:43
  By Tracy Rucinski CHICAGO (Reuters) – A former Watergate prosecutor is due to release a report on a court-ordered fraud investigation into a series of corporate deals involving Caesars Entertainment Corp that could break a deadlock in one of the biggest fights on Wall Street over the bankruptcy of Caesars’ casino operating unit, Caesars Entertainment Operating Co Inc.Richard Davis and a team of lawyers and advisers have spent a year trying to determine if Caesars fairly tried to resc
  
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• Stocks almost erase 2016 losses as bulls charge

  04-03-2016 22:48
  By Caroline ValetkevitchNEW YORK (Reuters) – The bulls have gained the upper hand in the U.S. stock market in recent weeks and strategists are cautiously optimistic the rebound will continue. A lot is riding on whether economic data can continue to hold up, since upbeat reports in recent weeks have eased fears the United States may be headed for a recession. Friday’s jobs report was the latest signal that those worries were overblown, with February U.S. payrolls surging more than exp
  
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• Exclusive: U.S. watchdog to probe Fed’s lax oversight of Wall Street

  04-03-2016 22:40
  
  By Jonathan SpicerNEW YORK (Reuters) – A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress and the central bank.Ranking representatives Maxine Waters of the House Financial Services Committee and Al Green of the Subcommittee on Oversight and Investigations asked the Government Accountabi
  
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• WTI Crude Oil Price Forecast: Payrolls Push Oil & Risk Higher

  04-03-2016 22:39
  The free-fall in Oil has stopped, but now traders are looking around to see if the risk-sentiment pick-up will support Oil toward higher prices.
  
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• Wall Street pulls off a rare four-day winning streak

  04-03-2016 22:37 via news.yahoo.com
  
  (Reuters) - Wall Street ended higher on Friday after employment data allayed investors' concerns about a sluggish economy without bolstering fears of an imminent interest rate hike.
  
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• Wall Street ends higher after jobs report

  04-03-2016 22:07 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street ended higher on Friday after employment data reduced investors' worries about a sluggish economy without bolstering fears of an imminent interest rate hike.
  
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• Wall St ends higher after jobs report

  04-03-2016 22:06 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street ended higher on Friday after employment data reduced investors' worries about a sluggish economy without bolstering fears of an imminent interest rate hike. The Dow Jones industrial average rose 62.59 points, or 0.37 percent, to 17,006.49, the S&P 500 gained 6.49 points, or 0.33 percent, to 1,999.89 and the Nasdaq Composite added 9.60 points, or 0.2 percent, to 4,717.02. (Reporting by Chuck Mikolajczak; Editing by James Dalgleish)
  
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• Wall Street rallies after upbeat employment report

  04-03-2016 21:52
  By Noel Randewich(Reuters) – Wall Street rallied towards its fourth consecutive gain on Friday after employment data reduced investors’ worries about a sluggish economy without bolstering fears of future interest rate hikes. For the first time since early January, the Dow Jones industrial average rose above the 17,000 mark and the S&P 500 surpassed 2,000, moves that some traders see as psychologically significant.The rally followed a report that nonfarm payrolls increased by 242,
  
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• Wall St. leans toward only two Fed rate hikes before year-end: Reuters poll

  04-03-2016 21:45 via news.yahoo.com
  
  A majority of Wall Street's top banks now expect the Federal Reserve to raise interest rates only two more times by the end of the year, a downgrade of earlier expectations that may presage the Fed's own revised view of its path when it meets in less than two weeks. A Reuters poll shows the median forecast of 17 primary dealers that deal directly with the Fed is for a federal funds rate of 0.875 percent by the end of the year, reflecting the mid-point of the range for two key rates used by the F
  
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• Wall Street leans toward only two Fed rate hikes before year-end: Reuters poll

  04-03-2016 21:43 via news.yahoo.com
  
  A majority of Wall Street's top banks now expect the Federal Reserve to raise interest rates only two more times by the end of the year, a downgrade of earlier expectations that may presage the Fed's own revised view of its path when it meets in less than two weeks. A Reuters poll shows the median forecast of 17 primary dealers that deal directly with the Fed is for a federal funds rate of 0.875 percent by the end of the year, reflecting the mid-point of the range for two key rates used by the F
  
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• UPDATE 1-BlackRock stops issuing shares in physical gold trust, citing demand

  04-03-2016 21:05
  
  NEW YORK, March 4 (Reuters) - BlackRock Inc said on Friday it had suspended the issuing of shares in its physically backed gold exchange traded product due to a historic surge in buying as global...
  
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• Decision Time for AUD/USD

  04-03-2016 20:57
  AUD/USD has pressed into its best level since July. More importantly, this level is defined by the line (Andrew’s) that was support in September and November 2014 (before the breakdown) and resistance in May 2015. A big decision looms for AUD/USD.
  
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• USD/CAD Selloff to Persist on Upbeat Bank of Canada (BoC)

  04-03-2016 18:55
  USD/CAD stands at risk for a further decline should the Bank of Canada (BoC) show a greater willingness to move away from its easing cycle.
  
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• Britain's FTSE outperforms as mining shares hit four-month high

  04-03-2016 18:05
  
  * Schroders falls on a broker downgrade (Adds detail, updates prices at close)
  
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• Wall Street higher in choppy trading after jobs data

  04-03-2016 17:33 via news.yahoo.com
  
  The Fed has targeted a 2 percent annual inflation as a precursor to a sustained rise in interest rates. "The number was strong enough to worry investors about the Fed's desire to move again in March, and yet was not so strong to put on the table a higher-than-a-coin-toss probability that it occurs in March," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.
  
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• Global stocks up as commodities, emerging markets rise

  04-03-2016 17:17 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - Stock markets worldwide edged up on Friday, on pace for a fourth day of gains, as commodities prices firmed and strong U.S. jobs growth bolstered confidence in the global economy. "It’s good news for the U.S. economy, but the lack of growth in wages suggests the Fed should be in no rush to hike," said Vassili Serebriakov, currency strategist at BNP Paribas in New York. Brazil's stock market rose to its highest in at least six months after police detaine
  
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• Prepare to Usher in Another Wave of Central Bank Volatility: A Preview

  04-03-2016 17:01
  The heaviest driver across markets right now are Central Banks, and we have the big three coming to the table over the next two weeks:Prepare for the vol.
  
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• US Dollar - USD Changing Its Tune?

  04-03-2016 16:10
  USD back at 200-day moving average, important downside break looming?
  
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• CAC 40 Fails to Maintain Bullish Momentum

  04-03-2016 15:55
  The CAC 40 is trading off of daily highs, after an initial surge higher on US NFP data.
  
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• Analytical review of the stocks of the United Technologies Corporation

  04-03-2016 15:34 via liteforex.com
  Forex analytics: United Technologies Corporation, #UTX [NYSE]Industrial goods, airspace, USA
  Financial performance of the company:Index – DJIA,S&P 500; Beta – 1.15; Capitalization – 80.39 В;Return on asset – 12.90%; Income - 7.60 B;Average volume – 7.48 М; P/E - 21.41;ATR – 2.50.Analytical review:
  In the last month the price of the company rose by 15.3%. it is expected that the quotes will ...
  
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• February NFP Beats Headline Expectations, Mixed at the Margin - USD Neutral

  04-03-2016 15:30
  This was a good, but not great, labor report for the US economy. The greenback briefly rallied, but has since faded its gains.
  
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• Nasdaq Composite: half of the losses has been regained

  04-03-2016 15:04 via liteforex.com
  Forex analytics: After the decline from the level of 4700.0 and the loss of 750 points since the end of December, the price of Nasdaq Composite has regained half of the losses now. In the middle of the week the price closely approached resistance level of 4320.0 (ЕМА200, ЕМА144 and upper limit of the ascending channel on the daily chart), then the price slightly went down to the current level of 4320.0 ...
  
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• XAU/USD: on strong resistance levels

  04-03-2016 15:03 via liteforex.com
  Forex analytics: Gold went up from the level of 1063.00 rising in price by 18%. Due to yesterday’s negative US news, spot price broke down strong resistance level of 1258.00 (ЕМА200 and upper line of the descending channel on the weekly chart and ЕМА50 on the monthly chart).During today’s European session the price continues to rise; however, Stochastic on the weekly chart is in the overbought zone. ...
  
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• Nasdaq Composite: in the narrow range in anticipation of NFPR

  04-03-2016 15:01 via liteforex.com
  Forex analytics: Since the opening of today’s trading, American indices are in the narrow range. Market participants are waiting for the release of the US Non-Farm PayRolls in February at 15:30 (GMT+2).The data is important because it shows the state of the labor market, as well as the situation of the US economy as a whole.Since last Friday all the US news has been positive: GDP in Q4 was revised from 0.7% ...
  
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• Wall Street set to open higher after payrolls data

  04-03-2016 14:48
  By Abhiram Nandakumar(Reuters) – Wall Street was set to open higher on Friday, after data showed the U.S. economy added more jobs than expected in February.
  The Labor Department’s report on nonfarm payrolls showed an addition of 242,000 in February, more than the 190,000 expected by economists polled by Reuters.
  In a separate report, data showed trade deficit widened to $45.7 billion in January, below the $44 billion estimated, as a strong dollar and weak global demand helped push ex
  
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• Silver Prices End Their Downward Trend

  04-03-2016 13:49
  Price is now range bound between last week’s low of $14.63 and the high of $15.60. A break to the upper barrier at $15.60, may lift price to the February 12 high of $15.82, while a break to the lower limit of $14.63 may instead trigger a decline to the February 1 low of $14.23.
  
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• Preview for February NFPs and Implications for the US Dollar

  04-03-2016 13:30
  The US Dollar has slipped the past few days - will the February jobs report shore up the greenback ahead of the ECB and FOMC meetings?
  
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• UPDATE 1-ECB letter to Carige reopens Italy bank wounds

  04-03-2016 13:16
  
  * Bank says books 57 mln euro writedown, doubling FY net loss
  
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• FTSE outperforms as mining sector hits 4-month high

  04-03-2016 12:59 via news.yahoo.com
  
  "However, the sector remains vulnerable in the near-term as the recent rally may prompt some people to book profits." Miners helped the FTSE 100 gain 0.8 percent, rising to 6,177.05 points by 1136 GMT and outperforming the wider European stock market. The UK stock index has surged about 12 percent since hitting a multi-year low last month, and is set for its third week of straight gains for the first time in 2016.
  
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• Britain's FTSE outperforms as mining sector hits 4-month high

  04-03-2016 12:58
  
  * Schroders falls on a broker downgrade (Adds detail, updates prices)
  
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• Sensex, Nifty edge higher; post best weekly gain since Dec 2011

  04-03-2016 11:26
  MUMBAI (Reuters) – Indian stock markets edged higher on Friday, posting their best weekly gain in more than four years, tracking gains in Asian markets and on improved risk appetite after the government unveiled a fiscally prudent budget earlier this week. The benchmark BSE Sensex rose 0.16 percent to close at 24,646.48, while the broader Nifty gained 0.13 percent to end at 7,485.35. Both the indexes gained nearly 6.5 percent this week, their biggest weekly gain since December 2011. The I
  
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• FTSE outperforms as miners hit four-month high

  04-03-2016 11:10
  By Atul PrakashLONDON (Reuters) – Britain’s mining index climbed to a four-month high on Friday, with a rally in prices of major industrial metals boosting shares in companies such as Glencore , Anglo Americanand BHP Billiton . The sector derived strength from metals prices, with copper staying on track for its biggest weekly advance in about six months on signs of an end to theslide in oil prices. Prospects of a stronger U.S. economy also fuelled investor appetite for metals. [MET/L
  
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• USD/CNH Technical Analysis: Yuan Gains Most in a Month

  04-03-2016 11:02
  The US Dollar is under pressure against the Chinese Yuan after suffering the largest daily decline in a month in offshore trade.
  
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• Britain's FTSE outperforms as miners hit 4-month high

  04-03-2016 10:54
  
  LONDON, March 4 (Reuters) - Britain's mining index climbed to a four-month high on Friday, with a rally in prices of major industrial metals boosting shares in companies such as Glencore , Anglo...
  
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• NZD/USD Technical Analysis: Upside Breakout at Hand?

  04-03-2016 10:37
  The New Zealand Dollar is attempting to break above congestion range resistance that has capped the upside against the currency’s US counterpart for a month.
  
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• SIM card maker Gemalto's margin forecast lifts shares

  04-03-2016 10:06
  
  PARIS, March 4 (Reuters) - French SIM card maker Gemalto on Friday said it expected its gross margin to improve significantly this year after posting forecast-beating results, driving its shares more...
  
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• EUR/USD Technical Analysis: Holding Short Through Upswing

  04-03-2016 09:41
  The Euro mounted a sharp recovery against the US Dollar, producing the largest daily advance in close to a month.
  
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• Rally in metals boost UK mining index to 4-month high

  04-03-2016 09:37
  
  LONDON, March 4 (Reuters) - Britain's FTSE 350 Mining index climbed to a four-month high on Friday, with a rally in prices of major industrial metals boosting shares in companies such as Glencore,...
  
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• DAX 30: Traders Await NFP Results Later Today

  04-03-2016 09:29
  Today’s U.S. Non-Farm Payrolls report (NFP) may either send the DAX 30 soaring or may cause it to plunge.
  
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• FTSE 100: Traders Tread Carefully Ahead of Today’s NFP Report

  04-03-2016 09:16
  The U.S. labor market is expected to add 195k new jobs according to 92 economists in a Bloomberg news survey. A better than expected NFP outcome may boost the FTSE 100 and vice versa.
  
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• EUR/USD Rebound to Unravel on Upbeat U.S. NFP Report

  04-03-2016 09:00
  EUR/USD may give back the near-term rebound ahead of the weekend should the U.S. Non-Farm Payrolls (NFP) report boost interest-rate expectations.
  
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• US Jobs Report: Much Ado About Nothing?

  04-03-2016 08:34
  The release of February’s much-anticipated US jobs datamay spark seesaw volatility but seems unlikely to inspire true near-term trend development in financial markets.
  
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• Snapchat raises $175 million from Fidelity in latest funding round: source

  04-03-2016 03:27
  By Heather Somerville(Reuters) – Snapchat has raised $175 million in fresh funding from Fidelity Investments and other investors, according to a source familiar with the matter.The investment is an extension of Snapchat’s Series F financing round, which the company began raising last year, the person told Reuters. Snapchat, which makes a free app for sending messages and videos that disappear in seconds, raised the financing at the same $16 billion valuation it had a year ago, The Wa
  
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• Snapchat raises $175 million from Fidelity in latest round of funding – WSJ

  04-03-2016 02:34
  (Reuters) – Snapchat Inc has raised $175 million in fresh funding from Fidelity Investments, giving the company the same $16 billion valuation it had a year ago, the Wall Street Journal reported, citing people familiar with the matter. Fidelity bought shares of the company at $30.72 per share in February, the same price as when it bought Snapchat shares last March, the newspaper reported.The video messaging app provider had formed a partnership with Viacom last month, which gave Viacom ex
  
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• US pre-open: Futures point to marginal gains ahead of payrolls

  04-03-2016 01:27 via news.yahoo.com
  
  (ShareCast News) - US futures pointed to a marginally higher open on Wall Street on Friday as investors erred on the side of caution ahead of the eagerly-awaited nonfarm payrolls report.
  
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• Smith & Wesson sales soar amid rising gun-control worries

  04-03-2016 00:26
  
  March 3 (Reuters) - Gun maker Smith & Wesson Holding Corp reported a better-than-expected 61 percent jump in quarterly revenue, at a time when the U.S. presidential election campaigns and recent...
  
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