Analyst news

• Facebook snaps up face-swapping app creator Masquerade

  09-03-2016 23:47
  (Reuters) – Facebook Inc is acquiring Masquerade Technologies Inc, creator of the popular face-swapping app MSQRD, as part of efforts by the world’s largest social network operator to build its video services. Wednesday’s deal comes nearly three years after the Wall Street Journal reported that photo and video messaging app Snapchat had rejected an offer from Facebook. (http://bit.ly/1Xdz1N5) Masquerade, which announced the deal on its website, did not disclose financial detai
  
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• Nasdaq to buy International Securities Exchange from Deutsche Borse

  09-03-2016 23:12
  (Reuters) – Exchange operator Nasdaq Incsaid on Wednesday it would buy International Securities Exchange from Deutsche Borse AGfor $1.1 billion. The deal with Nasdaq excludes ownership interests in BATS Global Markets and Digital Asset Holdings, which will continue to be owned by Deutsche Borse, Deutsche Borse said.The deal is expected to add to earnings within 12 months of closing, Nasdaq said. The deal is currently expected to close in the second half of 2016.(Reporting By Sudarshan Var
  
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• Oil rallies, lifts stocks while euro stays steady

  09-03-2016 23:09 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - Oil prices resumed a more than month-long rally on Wednesday, helping to lift world stock markets, while the euro held steady ahead of this week's European Central Bank meeting. Brent moved back above $40 a barrel on speculation the world's largest exporters would agree this month to freeze production and help reduce the largest global build in crude oil in years. Wall Street stocks built on recent gains on Wednesday as the strong recovery in oil pri
  
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• Oil rally lifts Wall Street, extending tight correlation

  09-03-2016 22:44 via news.yahoo.com
  
  U.S. stocks rose in low volume on Wednesday, led once more by the direction of the price of oil and energy sector shares. Wednesday's market action extended that trend, with WTI crude rising nearly 5 percent and the S&P 500 energy sector up 1.5 percent. Chevron jumped 4.6 percent to $92.82 and gave the biggest boost to the energy sector.
  
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• NZD/USD Falls Dramatically After Surprise RBNZ Rate Cut

  09-03-2016 22:32
  NZD/USD fell sharply today after the RBNZ cut its official cash rate by 25 basis points to 2.25 percent, an unexpected move for the market.
  
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• GBP/USD Coils Below Key Resistance- Bullish Invalidation 1.3920

  09-03-2016 21:48
  Cable is consolidating below critical resistance into 1.4250 after rallying more than 3% off the lows. Here are the updated targets & invalidation levels that matter.
  
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• Wall Street gets boost from crude oil recovery

  09-03-2016 20:43
  By Abhiram Nandakumar(Reuters) – Wall Street was higher on Wednesday afternoon as a strong recovery in oil prices pushed energy shares higher. Brent crude extended gains above $40 a barrel, after U.S. crude stockpiles rose in line with estimates last week and gasoline inventories fell more than expected.Crude oil has rallied in recent weeks, but industry watchers remained skeptical of a sustained recovery in prices as the markets are dealing with a massive oversupply.The rise in oil prices
  
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• Fiscal Deficit, Housing Leverage Higlight NPC Sessions

  09-03-2016 18:48
  More top policy makers comment at the NPC meetings.
  
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• Panic on the Right as the GOP Careens Toward a Chaotic Convention

  09-03-2016 18:45
  On Tuesday morning, half a day after billionaire Donald Trump added three more primary state victories to his tally in the Republican presidential race, panic wafted through the rhetoric of the conservative media.In an editorial Wednesday morning, the Wall Street Journal concisely outlined the state of play: “Political parties don’t usually nominate someone whom half of their own voters view unfavorably, but that is where the GOP now finds itself. Mr. Trump’s impressive victori
  
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• Crude oil recovery drives Wall Street higher

  09-03-2016 18:24
  By Abhiram Nandakumar(Reuters) – Wall Street was higher on Wednesday as a strong recovery in oil prices boosted energy shares.
  Brent crude extended gains above $40 a barrel, after U.S. crude stockpiles rose in line with estimates last week and gasoline inventories fell more than expected.Crude oil has rallied in recent weeks, but industry watchers remained skeptical of a sustained recovery in prices as the markets are dealing with a massive oversupply.The rise in oil prices helped European
  
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• Dovish RBNZ to Keep NZD/USD Capped- March Range in Focus

  09-03-2016 18:15
  The near-term advance in NZD/USD may largely unravel should the Reserve Bank of New Zealand (RBNZ) largely endorse a dovish outlook for monetary policy.
  
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• Signs of life for Apple's stock as Wall St eyes new iPhone

  09-03-2016 17:58 via news.yahoo.com
  
  By Noel Randewich SAN FRANCISCO (Reuters) - After months of declines in Apple's stock, sentiment appears to be mending as investors focus on steady earnings expectations and bet that the expected launch of a new iPhone will add badly-needed fuel to sputtering sales. Battered by nearly a year of off-and-on declines from record highs because of fears of a slowdown in iPhone sales, Apple's stock now is valued closer to IBM, which has disappointed Wall Street for the past four years with declining r
  
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• US stocks rising as earnings impress investors

  09-03-2016 17:28
  NEW YORK (AP) — Stocks are moving higher Wednesday on some strong earnings reports and a rise in crude oil prices. Several energy companies are rebounding from big drops the day before. Murphy Oil is up 1.4 percent.
  KEEPING SCORE: The Dow Jones industrial average rose 57 points, or 0.3 percent, to 17,022 as of 11:23 a.m. Eastern time. The Standard & Poor’s 500 index climbed 10 points, or 0.5 percent, to 1,989. The Nasdaq composite increased 13 points, or 0.3 percent, to 4,662.
  FL
  
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• EUR/USD, Euro Stocks Primed for ECB: Will Draghi Deliver?

  09-03-2016 16:02
  The ECB has developed a pattern of recent. Promise, disappoint and then deliver. After December's disappointment, is the ECB set to deliver the QE increase that the world is looking for?
  
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• A higher open for US stocks as earnings impress investors

  09-03-2016 15:42 via news.yahoo.com
  
  Stocks are turning higher in early trading as investors were encouraged by several strong earnings reports. Air Transport Services jumped 23 percent early Wednesday after turning in solid results and saying ...
  
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• The EUR/USD Trades Lower Ahead of ECB

  09-03-2016 15:35
  The EUR/USD is moving towards weekly lows before tomorrow’s ECB rate decision.
  
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• Analytical review of the stocks of Altria Group Inc.

  09-03-2016 15:16 via liteforex.com
  Forex analytics: Altria Group Inc., #MO [NYSE]Consumer goods, Production of cigarettes, USA
  Financial performance of the company:Index – S&P 500;Beta – 0.51; Capitalization – 121.98 В;Return on asset – 19.10%; Income - 5.24 B;Average volume– 6.36 М; P/E - 23.33;ATR – 1.08.Analytical review:
  The company ranks the tenth on capitalization in the sector of “Consumer goods” among the issuers traded ...
  
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• Valeant gives Pershing Square seat on its board

  09-03-2016 15:02
  (Reuters) – Embattled Valeant Pharmaceuticals International Inc <VRX.N> <VRX.TO> said on Wednesday it has added a representative from shareholder Pershing Square Capital Management to its board of directors as well as two other new directors.
  Pershing Square, run by activist investor Bill Ackman, bought a stake in Valeant last year when the drugmaker’s shares were on the rise. They have fallen 68 percent since.
  Last fall, the company became the target of two U.S. state i
  
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• CAD Enjoying the Ride as Potential for a Bottom in Crude Oil Develops

  09-03-2016 15:00
  The Canadian Dollar is up +9% since its early-2016 lows, mainly due to the turnaround in Crude Oil prices. Have we reached "the turn?"
  
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• Falcon Private Bank says no business impact from Malaysia probe

  09-03-2016 14:58 via news.yahoo.com
  
  By Tom Arnold DUBAI, March 9 (Reuters) - Falcon Private Bank has not seen an impact on its business following publicity about an investigation into the activities of a Malaysian sovereign wealth fund, the Swiss bank's chief executive said. The Wall Street Journal reported last year that investigators had traced nearly $700 million from an account at Falcon Private Bank in Singapore to accounts in Malaysia they believed belonged to Malaysia's Prime Minister Najib Razak. Falcon, owned by Abu Dhabi
  
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• Changes in trading hours due to switch to daylight saving time in USA

  09-03-2016 14:45 via liteforex.com
  
  LiteForex's News: Dear clients,Kindly remember that a change in the trading hours for some instruments is to take place due to the switch to daylight saving time in the USA on the night of March, 12. Please note that the trading hours for the following instruments will be changed from 13.03.2016 till 25.03.2016.
  Tool
  Trading session
  Forex*
  Opening Sun. at 23:00Closure Fri. at 23:00
  * USDRUB, ...
  
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• Oil prices above $40, European shares bounce back

  09-03-2016 13:22
  
  By Dhara RanasingheLONDON (Reuters) – Oil prices rose above $40 a barrel on Wednesday, helping lift European stock markets back towards recent one-month peaks and taking the edge off global growth concerns for now. U.S. stock market futures pointed to a firm start for Wall Street, a day after weak Chinese trade data and a tumble in oil prices rekindled growth fears and knocked the S&P 500 stock index down more than 1 percent. Against this backdrop, yields on safe-haven government bonds
  
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• USD/CAD: correlation between the Canadian dollar and oil prices

  09-03-2016 12:58 via liteforex.com
  Forex analytics: On Tuesday, the price of oil sharply went down amid new signals of oversupply of oil market and negative Chinese data on the decline in Chinese exports. China is the second largest importer of oil and a driver of the rise in demand of oil and oil prices. Therefore, negative data on the foreign trade of China has negative impact on the world stock indices and prices of commodities and oil and ...
  
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• Silver Prices Give Back Gains, But The Trend Remains Bullish

  09-03-2016 12:56
  Silver prices may try to carve out a low at current levels as the risk/reward ratio has tilted to be in favour of bullish traders.
  
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• USD/CAD: in advance of the important Canadian news

  09-03-2016 12:53 via liteforex.com
  Forex analytics: The indicators OsMA and Stochastic give mixed signals. On the 4-hour and weekly charts the indicators recommend to open short positions, while on the daily chart the indicators are reversing towards long positions.Since the beginning of the month the pair USD/CAD is traded between support level of 1.3300 (ЕМА200 on the daily chart) and resistance level of 1.3490 (ЕМА144). Volume of trades ...
  
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• NZD/USD: downward reversal is possible

  09-03-2016 12:14 via liteforex.com
  Forex analytics: Although on the weekly chart the indicators OsMA and Stochastic give buy signals, on 40hour chart the indicators recommend to open sell positions. On the daily chart the indicators are also reversing towards the short positions.The price failed to consolidate above the key resistance level of 0.6770 (ЕМА200 on the daily chart).If RBNZ reduces interest rate today or announce of such ...
  
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• NZD/USD: in anticipation of the meeting of RBNZ

  09-03-2016 11:54 via liteforex.com
  Forex analytics: In expectation of the meeting of the Reserve Bank of New Zealand today at 22:00 (GMT+2) and announcement of the interest rate decision, NZD is traded quietly. At the beginning of European session the pair NZD/USD has slightly increased compared to the opening price of the trading day.Negative data on Chinese foreign trade balance released on Tuesday, forces investors to take profit on the ...
  
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• USD/CAD to Extend Losses on Upbeat Bank of Canada (BoC)

  09-03-2016 11:00
  USD/CAD may continue to give back the rebound from back in October should the BoC show a greater willingness to move away from its easing cycle.
  
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• MIDEAST STOCKS-Saudi pulls back as retailers slide; Egypt moves little

  09-03-2016 09:42
  DUBAI, March 9 (Reuters) – Saudi Arabia’s stock market fellearly on Wednesday as retailers dropped following a negativesales forecast by one of them, while Egypt’s bourse moved littleamid uncertainty over the currency and interest rates. The Saudi index dropped 0.8 percent in the first 15minutes of trade as Jarir Marketing sank 7.2 percentafter warning late on Tuesday that its sales would plunge by asmuch as 30 percent year-on-year in the first quarter of 2016. The projected d
  
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• DAX 30: Decisive Price Action May Be Delayed until the ECB meeting

  09-03-2016 09:37
  A decline to the 9336-9500 range may be what is needed before the DAX takes a leap higher, the alterative scenario being a break to the January 27 high of 9931, which may lift price to the January 13 high of 10,164.
  
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• FTSE 100 Is About To Meet Its 200-Day-Average

  09-03-2016 09:13
  Price has stalled but the short-term trend remains bullish above the February 29 low of 6034.
  
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• S&P raises 2016 China property forecast, sees prices up 5-10 percent

  09-03-2016 08:29
  HONG KONG (Reuters) – Standard & Poor’s raised its forecast for China’s property sales and prices on Wednesday, predicting they would rise by 5-10 percent this year on stronger-than-expected government support for the market, which has been dragging on the broader economy.But it added that competition for land in top-tier cities could intensify, eroding developers’ profit margins. S&P had previously forecast growth in property sales by value and average selling pr
  
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• Hedge funds back off bets on China devaluation

  09-03-2016 07:23
  By Patrick GrahamLONDON (Reuters) – Two of the three types of hedge funds which bet heavily on a sharp devaluation of China’s yuan last year have backed off the trade, leaving only some ultra-bearish “Black Swan” investors holding long-term bets, fund managers and bankers said. Hedge fund sales desks at four of Wall Street’s biggest banks told Reuters that many U.S. players had made money betting against China by the time Beijing took aggressive steps to prop up the
  
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• Euro Drops Below 1.10 vs. US Dollar Amid ECB Pre-Positioning

  09-03-2016 04:38
  The Euro dropped back below the 1.10 figure against the US Dollar amid pre-positioning for the much-anticipated ECB monetary policy announcement due later this week.
  
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• Copper and Oil Price Slide to Weak Demand as China Exports Drop

  09-03-2016 02:43
  Copper and oil hovered over double bottoms, equities slid after a slump in China trade balance. Gold sustained levels on haven inflows
  
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• Valeant to appoint three new directors as soon as Wednesday: sources

  09-03-2016 01:05
  By Svea Herbst-Bayliss and Carl O’DonnellNEW YORK (Reuters) – Embattled drug company Valeant Pharmaceuticals International Inc, whose stock price has tumbled 38 percent this year, will appoint three new board members as soon as Wednesday, people familiar with the matter said on Tuesday.The drug maker will award one of the seats to Pershing Square Capital Management, one of its biggest investors, two people familiar with the matter said. Stephen Fraidin, a veteran Wall Street lawyer w
  
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• Valeant mulls three new directors, including one from Pershing Square: sources

  09-03-2016 00:18 via news.yahoo.com
  
  By Svea Herbst-Bayliss and Carl O'Donnell NEW YORK (Reuters) - Embattled drug company Valeant Pharmaceuticals, whose stock price has tumbled 38 percent this year, is mulling giving board seats to activist hedge fund Pershing Square Capital Management, one of its biggest investors, two people familiar with the matter said. Stephen Fraidin, a veteran Wall Street lawyer who is vice chairman at William Ackman's Pershing Square, is expected to join Valeant's 12-member board, the sources said.
  
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• USD/CNH Technical Analysis: Yuan Devaluation to Resume?

  09-03-2016 00:11
  The US Dollar has paused to digest losses after two days of heavy selling brought prices to retest the swing bottom established in mid-February.
  
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