Analyst news

• Market finishes 5th week of gains, turning S&P 500 positive

  18-03-2016 22:16 via news.yahoo.com
  
  NEW YORK (AP) — Another strong gain for stocks Friday extended the market's recovery from a dismal start to the year to a fifth week in a row.
  
  Read more

• Global stocks post longest streak of gains in two years; dollar firms

  18-03-2016 22:04 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - The S&P 500 closed in positive territory for the year for the first time in 2016, leading a gauge of stocks across major markets to a fifth week of gains, its longest weekly run in more than two years. The dollar, meanwhile, edged up on Friday but ended the week lower against a basket of major currencies, giving a weekly boost to energy and other commodity prices. On Wall Street, the S&P 500 closed above the level where it ended last year for the fi
  
  Read more

• S&P 500 turns positive for 2016 as recession fears fade

  18-03-2016 21:43 via news.yahoo.com
  
  By Laila Kearney NEW YORK (Reuters) - The S&P 500 closed positive for the year on Friday for the first time in 2016 as the U.S. Federal Reserve's dovish tone and a strengthening economic outlook compelled investors to take on more risk. In part, the rally was a continued reaction to the Fed's move on Wednesday, in which it scaled back expectations for the number of rate hikes in the coming months. Major indexes gained for five weeks in a row and the Dow closed higher every day this week.
  
  Read more

• Market finishes 5th week of gains, S&P positive for year

  18-03-2016 21:12
  NEW YORK (AP) — The U.S. market’s recovery from a dismal start to the year extended to fifth week after yet another strong gain.
  The Standard and Poor’s 500 index closed up for the year for the first time Friday. The Dow Jones industrial average turned positive Thursday. Both had been down more than 10 percent for the year a little more than a month ago.
  On Friday, heath care stocks and banks, which have been particularly hard hit this year, rose the most.
  The Dow rose 120 poi
  
  Read more

• Advertisement

• Eyes on the dollar with stocks out of the hole

  18-03-2016 20:58
  By Chuck MikolajczakNEW YORK (Reuters) – U.S. stock market investors will be watching currency markets next week for signs that the recent, related trends of a weakening dollar and a strengthening stock market will continue.
  After a historically bad start to the year, the Dow and S&P 500 both moved into positive territory this week, in part on expectations that a 3-week move down by the dollar could buoy corporate profits and share prices.
  Many investors had been concerned over the dol
  
  Read more

• USD/JPY-More at the 110.66 Low Than You Might Think

  18-03-2016 20:57
  From a bigger picture perspective, action on the long end of the yield curve (influenced more by market forces than bureaucrats) will help determine the staying power of the inflation trade rally (crude, copper, AUD, CAD, etc.).
  
  Read more

• S&P leaves Hungary in ‘junk’, cites opaqueness about central bank

  18-03-2016 19:19
  By KrisztinaThanBUDAPEST (Reuters) – Credit rating agency Standard and Poor’s kept Hungary’s debt in the “junk” category on Friday, citing less predictable policy-making and “increasing opaqueness” around important institutions like the central bank. Some market players had expected the outlook to rise to “positive” but S&P affirmed Hungary’s ‘BB+/B’ long- and short-term foreign and local currency sovereign credit rating
  
  Read more

• S&P leaves Hungary in 'junk', cites opaqueness about central bank

  18-03-2016 19:19 via news.yahoo.com
  
  By Krisztina Than BUDAPEST (Reuters) - Credit rating agency Standard and Poor's kept Hungary's debt in the "junk" category on Friday, citing less predictable policy-making and "increasing opaqueness" around important institutions like the central bank. Some market players had expected the outlook to rise to "positive" but S&P affirmed Hungary's 'BB+/B' long- and short-term foreign and local currency sovereign credit ratings with a stable outlook. Similar concerns prompted S&P to cut Pola
  
  Read more

• Advertisement

• Why the Fed Might Still Shock Wall Street

  18-03-2016 18:43 via news.yahoo.com
  
  Like once-spurned lovers given a second chance, the bulls on Wall Street are again reveling in the warm embrace of Federal Reserve Chair Janet Yellen. Yellen and the Fed delivered a "dovish hold" on Wednesday. Not only were interest rates left unchanged, but the Fed halved its rate hike forecast for the rest of the year to just two quarter-point moves — bringing its outlook closer into alignment with where the futures market is (while apparently ignoring recent evidence that inflation is f
  
  Read more

• USD/CAD Retail Sentiment in Focus Ahead of Canada Budget

  18-03-2016 18:15
  Canada’s budget statement may trigger a further decline in USD/CAD should the developments ultimately lead to a shift in the monetary policy outlook.
  
  Read more

• Healthcare, financial stocks drive gains on Wall Street

  18-03-2016 18:01 via news.yahoo.com
  
  The Dow Jones industrial average extended gains for 2016, helped by a 2.7 percent increase in Goldman Sachs . "Obviously, this continues to be a reaction to the Fed," said Philip Blancato, chief executive of Ladenberg Thalmann Asset Management in New York. Blancato said the rise in oil prices and improved expectations for corporate earnings were adding to the positive momentum.
  
  Read more

• FBI probes Bangladesh bank account cyber theft: WSJ

  18-03-2016 17:45
  (Reuters) – The Federal Bureau of Investigation (FBI) is probing the cyber theft of tens of millions of dollars from the Bangladesh central bank’s U.S. account, the Wall Street Journal reported on Friday, citing people familiar with the matter.
  FBI agents are looking for evidence in the United States and beyond to determine who was behind the theft, the Journal reported. (http://on.wsj.com/1PguXWw)
  The heist took place between Feb 4 and Feb 5, when unknown hackers breached the compu
  
  Read more

• Analytical review of the stocks of International Paper Company

  18-03-2016 15:44 via liteforex.com
  Forex analytics: International Paper Company, #IP [NYSE]Consumer goods, production of paper & packaging, USA
  Financial performance of the company:Index – S&P 500;Beta – 1.55; Capitalization – 16.97 В;Return on asset – 3.20%; Income - 938.00 M;Average volume – 4.69 М; P/E - 18.51;ATR – 1.03.Analytical review:
  In the last month company’s stock have grown by over 23%. It is expected that the rise ...
  
  Read more

• Wall Street adds to Fed-driven rally as financials gain

  18-03-2016 15:42
  By Abhiram Nandakumar(Reuters) – Wall Street rose on Friday, pushing the S&P 500 into positive territory for 2016, as the Fed’s tempered view on interest rates, a weakened dollar and rising oil prices whetted investors’ risk appetite. The Dow Jones industrial average extended gains for 2016, helped by a 2 percent increase in Goldman Sachs. Volumes were slightly higher than usual on account of “quadruple witching,” the expiry of options on stocks and indexes as w
  
  Read more

• Bursa Malaysia closes near five-month high

  18-03-2016 14:54
  KUALA LUMPUR: Malaysian shares rose to close at a near five-month high today, driven by improved sentiment after a strong showing in regional and US markets.
  The stock market’s benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) index rose 0.77 per cent to close at 1,716.34 points, its highest since October 20, last year.
  Trading volume increased to 2.02 billion shares worth RM2.98 billion.
  Analysts said the performance of the FBM KLCI index was in line with overnight gains in Wall Street follow
  
  Read more

• EUR/USD and USD/JPY Working With Significant Fibonacci Levels

  18-03-2016 14:45
  This week brought a huge change of pace to global markets. How might traders be able to position-in for a continuation of these themes?
  
  Read more

• Fed bank supervisors can curb but not eliminate failures: Dudley

  18-03-2016 14:41
  NEW YORK (Reuters) – The army of supervisors from the Federal Reserve and other agencies can reduce but not eliminate the risk of bank failures, New York Fed President William Dudley said on Friday.
  Supervisors, who sometimes work day-to-day inside banks, “can reduce the chances” that these firms fail “but can never guarantee” that, said Dudley, whose branch of the U.S. central bank serves as its eyes and ears on Wall Street.
  The New York Fed has been the target of
  
  Read more

• USD/JPY – Psychology Continues to Trump Technicals

  18-03-2016 14:40
  USD/JPY squeezes higher after falling to new YTD low. Covert intervention by the BOJ/MOF?
  
  Read more

• USD/СAD: Wave analysis and forecast for 18.03 – 25.03

  18-03-2016 14:20 via liteforex.com
  Forex analytics: USD/СAD:Wave analysis and forecast for 18.03 – 25.03: Downtrend dominates. Estimated pivot point is at the level of 1.3396. Our opinion: Wait for the completion of correction and sell the pair below the level of 1.3396 with the target of 1.28. Alternative scenario: Breakdown and consolidation of the price above the level of 1.3396 will enable the pair to continue the rise up to 1.3950. ...
  
  Read more

• USD/JPY: Wave analysis and forecast for 18.03 – 25.03

  18-03-2016 14:15 via liteforex.com
  Forex analytics: USD/JPY: Wave analysis and forecast for 18.03 –25.03: Downtrend continues. Estimated pivot point is at the level of 113.84. Our opinion: Sell the pair from correction below the level of 113.84 with the targets of 107.00 – 106.60. Alternative scenario: Breakout and consolidation of the price above the level of 113.84 will trigger rise up to the level of 116.00. Analysis: Presumably the ...
  
  Read more

• The CAC 40 Consolidates for 6th Day

  18-03-2016 14:15
  The CAC 40 is trading up 0.24% on the day, as price fail to breakout.
  
  Read more

• Dollar steadies, shares on best run in two years

  18-03-2016 14:10 via news.yahoo.com
  
  Stocks were expected to rise for a third day running on Wall Street when it opens, as the dollar recovered after a third week of declines that took it to its lowest against other major currencies since October. The dollar had weakened after the Federal Reserve scaled back its forecasts for rate increases and the European Central Bank's chief economist, Peter Praet, indicated the ECB could further loosen its monetary policy. "As other central banks have demonstrated, we have not reached the physi
  
  Read more

• Dollar steadies, global shares on best run in two years

  18-03-2016 14:09 via news.yahoo.com
  
  Stocks were expected to rise for a third day running on Wall Street when it opens, as the dollar recovered after a third week of declines that took it to its lowest against other major currencies since October. The dollar had weakened after the Federal Reserve scaled back its forecasts for rate increases and the European Central Bank's chief economist, Peter Praet, indicated the ECB could further loosen its monetary policy. "As other central banks have demonstrated, we have not reached the physi
  
  Read more

• USD/CHF: Wave analysis and forecast for 18.03 – 25.03

  18-03-2016 14:08 via liteforex.com
  Forex analytics: USD/CHF: Wave analysis and forecast for 18.03 – 25.03: Downtrend continues.Estimated pivot point is at the level of 0.9912. Our opinion: Sell the pair from correction below the level of 0.9912 with the target of 0.95 – 0.9470. Alternative scenario: Breakout and consolidation of the price above the level of 0.9912 will allow the pair to continue the rise up to the level of 1.0130 - 1.02. ...
  
  Read more

• GBP/USD: Wave analysis and forecast for 18.03 – 25.03

  18-03-2016 14:06 via liteforex.com
  Forex analytics: GBP/USD: Wave analysis and forecast for 18.03 – 25.03: Correction is nearing completion. Estimated pivot point is at the level of 1.4115. Our opinion: In the short-term: buy the pair above the level of 1.4218 with the target of 1.4690. In the medium-term: wait for the completion of the impetus and sell below the level of 1.47 with the target of 1.40 – 1.34. Alternative scenario: Breakout and ...
  
  Read more

• EUR/USD: Wave analysis and forecast for 18.03 – 25.03

  18-03-2016 14:04 via liteforex.com
  Forex analytics: EUR/USD:Wave analysis and forecast for 18.03 – 25.03: The pair is likely to decline within correction. Estimated pivot point is at the level of 1.1350. Our opinion: Sell the pair from correction below the level of 1.13501.0820 with the target of 1.1050 – 1.0820. In case of breakout of the level of 1.1350, buy with the target of 1.15 – 1.16. Alternative scenario: Breakout and consolidation ...
  
  Read more

• Silver Prices: Will The Rally Slow Down?

  18-03-2016 13:39
  Price adds 5.1% from this week’s low as the Fed scaled back expectations of future rate hikes.
  
  Read more

• XAU/USD: rebound from the resistance level of 1258.00

  18-03-2016 12:50 via liteforex.com
  Forex analytics: Today, gold is traded in the narrow range and volumes are minimal.On the weekly chart the pair XAU/USD fell below resistance level of 1258.00 (ЕМА200). The indicators OsMA and Stochastic started to give signals for short position. On the 4-hour chart the indicators are giving sell signals.It is likely that the pair XAU/USD will go to 1250.00 (ЕМА50 on the 4-hour chart) and then, the ...
  
  Read more

• NZD/USD: The price of dairy products and decisions by the Central banks

  18-03-2016 12:50 via liteforex.com
  Forex analytics: Volatility in the pair NZD/USD was high this week. Following unexpected decline in the interest rate by 0.25%, up to 2.25% last Wednesday, the NZD fell in the market.RBNZ decided to take this measure in fear of deterioration in the prospects of global economy and decline in inflation expectations in New Zealand.At the dairy auction on Tuesday the price of dairy products fell by 2.9%, due to ...
  
  Read more

• XAU/USD: Although a meeting of the US Fed has finished, the prices do not gro

  18-03-2016 11:53 via liteforex.com
  Forex analytics: The US Fed decision not to raise interest rate in March caused the rise in spot-price of gold by 30 USD per ounce up to the level of 1262.00.However, despite the decline in the USD on the next day after the meeting, the pair XAU/USD fell below the closing level of Wednesday when interest rate decision was taken by the US Fed.With the opening of today’s trading day the pair XAU/USD continue ...
  
  Read more

• DAX 30 To Regain Yesterday’s Losses?

  18-03-2016 11:24
  The DAX 30 is slightly lower in relation to this week’s high of 10.068, but it keeps its bullish bias since mid-February.
  
  Read more

• NZD/USD: upward breakout

  18-03-2016 10:35 via liteforex.com
  Forex analytics: The pair NZD/USD has reached the targets and moved as per the alternative scenario described in the review of 16 March. Recommendations of the previous forecast of March 16 were as follows: Buy Stop: 0.6640. Stop-Loss: 0.6590. Take-Profit: 0.6685, 0.6700, 0.6770, 0.6860, 0.6900 and 0.7240 and the target level of 0.6860 (Fibonacci 23.6%) has been reached.Today, the pair NZD/USD is likely to ...
  
  Read more

• The FTSE 100 Remains Lackluster

  18-03-2016 09:30
  The underlying trend is bullish above last week’s low of 6002. On a break to this low the short-term trend may turn bearish.
  
  Read more

• USD/CAD to Extend Losses on Sticky Canada CPI Report

  18-03-2016 09:00
  Stickiness in Canada’s core rate of inflation may spur a further decline in USD/CAD as it puts increased pressure on the BoC to move away from its easing cycle.
  
  Read more

• JPN 225 Lingers in Range

  18-03-2016 07:43
  JPN 225 is stuck in the 16525-17438.5 range. Downward pressure is building up which may lead to weakness on the downside
  
  Read more

• Copper Price Jumps on Demand Optimism after China Home Price Data

  18-03-2016 07:31
  Gold price traded an inside day while oil and copper price reached multi-month highs. A 2-year high China’s home price growth lifted metals
  
  Read more

• China New Home Prices Swell, Hints at PBOC Stimulus Working

  18-03-2016 04:42
  China’s new home prices rose in 47 out of the 70 cities tracked in February (MoM) as compared to 38 in January, which suggests the PBoC’s stimulus may be working.
  
  Read more

• Viacom receives interest for Paramount minority stake-WSJ

  18-03-2016 03:44
  (Reuters) – Viacom Inchas received interest from three dozen companies for a minority stake in its Paramount Pictures studio, Chief Executive Philippe Dauman said in an interview with the Wall Street Journal. In February, Viacom said it was considering selling a “significant” minority stake in its Paramount Pictures movie studio. The company is looking for a strategic partner that could help its international and digital businesses, rather than financial buyers such as private
  
  Read more

Follow @news_analyst on Twitter!