Analyst news

• Wall Street drops at end of tough week for retailers

  13-05-2016 22:39 via news.yahoo.com
  
  U.S. stocks fell on Friday as a decline in oil prices added to pressure from consumer companies after gloomy quarterly reports from Nordstrom and J.C. Penney overshadowed upbeat April retail sales data. U.S. retail sales jumped 1.3 percent last month, the largest gain since March 2015 and a bigger rise than economists expected, the U.S. But consumer stocks, which have already been under pressure this week after a string of feeble earnings reports, fell again after Nordstrom and J.C. Penney repor
  
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• Stronger dollar weighs on oil; Dow drops 1 percent

  13-05-2016 22:20 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - The U.S. dollar rose to a more than two-week high against a basket of currencies on Friday following strong U.S. economic data, putting pressure on oil prices, which fell after three days of gains. Wall Street closed lower, with the Dow down 1 percent, as oil's decline dragged on energy shares.
  
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• Wall Street ends down with consumer shares

  13-05-2016 22:07 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks ended lower on Friday as a decline in oil prices added to pressure from consumer companies after gloomy quarterly reports from retailers Nordstrom and J.C. Penney overshadowed upbeat April retail sales data.
  
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• University of Michigan Consumer Sentiment Shows Broad Growth

  13-05-2016 22:04
  The University of Michigan’s survey of consumer confidence for May showed the strongest increase in sentiment in over two years.
  
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• Gold rises as Wall Street falls, shrugs off firm dollar

  13-05-2016 21:12 via news.yahoo.com
  
  By Marcy Nicholson and Clara Denina NEW YORK/LONDON (Reuters) - Gold prices rose on Friday, buoyed by weak U.S. equity markets and chart-based strength, as it shrugged off a higher dollar and strong U.S. economic data suggesting a brightening outlook for the economy. Spot gold was up 0.8 percent at $1,273.53 an ounce at 2:46 p.m. EDT (1846 GMT). "We're getting a technical break out and equities are getting soft here." The dollar rose to a two-week high against a basket of currencies, as the stro
  
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• Wall Street falls as consumer stocks take a hit

  13-05-2016 21:11 via news.yahoo.com
  
  (Reuters) - U.S. stocks fell on Friday as a decline in oil prices added to pressure from consumer companies after gloomy earnings reports from Nordstrom and J.C. Penney overshadowed upbeat April retail sales data.
  
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• Stronger dollar pressures oil; Wall Street drops

  13-05-2016 21:11 via news.yahoo.com
  
  The U.S. dollar rose to a more than two-week high against a basket of currencies on Friday following strong U.S. economic data, putting pressure on oil prices, which fell after three days of gains. U.S. retail sales in April recorded their biggest increase in a year as Americans stepped up purchases of automobiles and a range of other goods, suggesting the economy was regaining momentum.
  
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• S&P downgrades EDF hybrids to junk status

  13-05-2016 21:09 via news.yahoo.com
  
  By Geert De Clercq PARIS (Reuters) - Standard & Poor's on Friday downgraded EDF's hybrid debt to non-investment grade, which will make refinancing the French utility's 10 billion euros (£8 billion) worth of hybrids complicated. Standard & Poor's lowered its rating on EDF's junior subordinated hybrid securities by two notches from BBB to BB+, the first level of non-investment grade. Late on Thursday, Moody's also downgraded EDF's perpetual junior subordinated (hybrid) debt one notch
  
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• USD/CHF Rally? It Just MAY

  13-05-2016 20:46
  May is no stranger to USD/CHF lows. In fact, a trendline crosses the lows from May 2014, May 2015, and last week. A bullish wedge from the November high is in the crosshairs.
  
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• Market Analysis with Jamie Saettele: 5/13/2016

  13-05-2016 20:41
  The USD is following through on the prior week's reversal.In this webinar, Jamie highlights some of the longer term trends and levels that he's focusing on in the coming weeks and beyond.
  
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• Wall Street lower as oil price drop adds to consumer stock woes

  13-05-2016 19:14 via news.yahoo.com
  
  The Nasdaq gave up early gains to trade flat as the drop in consumer stocks was offset by gains in technology shares, led by Apple and Nvidia. Oil prices slipped on Friday as a strong dollar weighed and investors cashed in on gains during a three-day rally.
  
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• UPDATE 5-J.C. Penney sales drop adds to department store blues

  13-05-2016 19:09
  
  * Shares recover after steep premarket fall(Adds details from conference call, analyst comment; updates
  shares)
  
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• AUD/USD Tags Former Resistance Ahead of RBA Minutes, Labor Report

  13-05-2016 19:00
  The near-term decline in AUD/USD appears to be stalling ahead key event risks coming out of Australia as the pair struggles to break below former resistance.
  
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• US open: Wall Street mixed despite strong economic reports

  13-05-2016 18:58 via news.yahoo.com
  (ShareCast News) - US stocks were trading mixed as oil prices fell and on the heels of 'hawkish' rhetoric from some Fed officials overnight, apparently brushing off better-than-expected readings on retail ...
  
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• Britain's FTSE gains, though Inmarsat and Coca-Cola HBC fall

  13-05-2016 18:16
  
  * Coca-Cola HBC falls after forex hits revenues(Updates prices at close)
  
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• Dollar strengthens after economic data, pressuring oil

  13-05-2016 17:48 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - The U.S. dollar surged to a more than two-week high against a basket of currencies following stronger-than-expected U.S. economic data, putting pressure on oil prices, which fell after three days of gains. After cutting losses following the economic data, Wall Street was little changed in late morning trading. U.S. retail sales in April recorded their biggest increase in a year as Americans stepped up purchases of automobiles and a range of other goods, su
  
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• S&P, Dow flat on mixed retail picture; Apple boosts Nasdaq

  13-05-2016 17:43 via news.yahoo.com
  
  The Nasdaq eked out a small gain, helped by a bounce in Apple's shares a day after they hit a two-year low. The U.S. Commerce Department said retail sales jumped 1.3 percent last month, the largest gain since March 2015 and a bigger rise than the 0.8 percent economists were expecting.
  
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• USD/СAD: Wave analysis and forecast for 13.05 – 20.05

  13-05-2016 17:04 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.2767. Our opinion: Buy the pair from correction above the level of 1.2767 with the target of 1.33.Alternative scenario: Breakdown and consolidation of the price below the level of 1.2767 will enable the pair to continue decline to 1.2450.Analysis: Presumably, the formation of the downward impetus has completed in the wave А. At the moment it ...
  
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• USD/JPY: Wave analysis and forecast for 13.05 – 20.05

  13-05-2016 17:01 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 108.12. Our opinion: Buy the pair from correction above the level of 108.12 with the target of 110.64. Alternative scenario: Breakout and consolidation of the price below the level of 108.12 will trigger the decline in the pair to the levels of 106.36 – 105.50.Analysis: Presumably, the formation of the upward correction as the fourth wave of ...
  
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• USD/CHF: Wave analysis and forecast for 13.05 – 20.05

  13-05-2016 16:57 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 0.9659. Our opinion: Buy the pair from correction above the level of 0.9659 with the target of 0.98 – 0.99.Alternative scenario: Breakout and consolidation of the price below the level of 0.9659, will allow the pair to continue to decline to 0.95.Analysis: Presumably, the formation of the upward correction continues as the second wave ii, ...
  
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• Britain's FTSE gains limited by Inmarsat, Coca-Cola HBC

  13-05-2016 16:47
  
  * Coca-Cola HBC falls after forex hits revenues(Recasts, adds detail and quote, updates prices)
  
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• GBP/USD: Wave analysis and forecast for 13.05 – 20.05

  13-05-2016 16:41 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.4520. Our opinion: Sell the pair from correction below the level of 1.4520 with the target of 1.42 Alternative scenario: Breakout and consolidation of the price above the level of 1.4520 will enable the pair to continue the rise up to the level of 1.4766.Analysis:Presumably, the formation of the upward correction as the fourth wave 4 of the ...
  
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• Wave analysis and forecast for EUR/USD 13.05 – 20.05

  13-05-2016 16:38 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.1216. Our opinion: Wait for the completion of the correction and buy the pair above the level of 1.1216 with the medium-term target of 1.18 – 1.20.Alternative scenario: Breakout and consolidation of the price below the level of 1.1216 will allow the pair to continue to decline to 1.1140 – 1.1050.Analysis: Presumably, the formation of the ...
  
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• Wall Street flat as retail sales data allay spending fears

  13-05-2016 16:06 via rocketnews.com
  Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 6, 2016. REUTERS/Brendan McDermidMoreBy Tanya Agrawal
  (Reuters) – U.S. stocks were struggling for direction on Friday morning as a drop in consumer stocks after another set of weak retail reports was offset by a bounce in Apple shares and strong retails sales data that suggested the economy recovery was gaining traction.
  The U.S. Commerce Department said retail sales jumped 1.3 percent last month, t
  
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• Pakistan shares close higher; rupee strengthens, o/n rates fall

  13-05-2016 15:31
  
  KARACHI, May 13 (Reuters) - Pakistan stocks closed higher on
  Friday, posting their eight session of gains in nine, in
  cautious trade after the country's Supreme Court refused to
  probe the Panama...
  
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• Analytical review of the stocks of General Electric Company of 13.05.2016.

  13-05-2016 15:20 via liteforex.com
  Forex analytics: General Electric Company, #GE [NYSE] Industrial goods, Diversified production, USA Financial performance of the company:Index – DJIA, S&P 500;Beta – 1.19;Capitalization – 302.06 В;Return on asset – 0.30%;Income - 1.68 B;Average volume – 50.82 М;P/E - 213.43;ATR – 0.64.Analytical review:The company ranks the first on capitalization in the sector of “Industrial ...
  
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• EUR/USD, GBP/USD Slide as April US Retail Sales Beat Expectations

  13-05-2016 15:10
  Consumption data from April points to a strengthening US consumer – the bedrock of the US economy.
  
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• Why earnings should keep flagging at J Sainsbury plc, Centrica plc and Weir Group plc

  13-05-2016 14:56 via news.yahoo.com
  Royston Wild explains why fresh bottom-line battles are expected at J Sainsbury plc (LON: SBRY), Centrica plc (LON: CNA) and Weir Group plc (LON: WEIR).
  
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• UPDATE 1-Exco Resources evaluating restructuring and other options

  13-05-2016 14:49
  
  May 13 (Reuters) - Oil and gas producer Exco Resources Inc
  said on Friday it formed a special committee to evaluate
  strategic alternatives, including in-court or out-of-court
  restructuring.
  
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• Silver Price: Traders Test Both Sides of the $16.88-$17.56 Range

  13-05-2016 14:08
  Merely two days ago, price attempted to breach the May 6 high of $17.56, however, overnight during the Asian session, bearish traders attempted a run on the lower end of the $16.88-$17.56 range.
  
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• Nerves dominate before U.S. retail numbers

  13-05-2016 14:05 via news.yahoo.com
  
  The dollar was set for a second week of gains on Friday while stock markets fell ahead of a handful of major U.S. and Chinese data releases which may do little to settle growing nerves over the outlook for the world's two biggest economies. Wall Street was set to open lower after another big drop in Apple shares on Thursday spilled over into weakness for other major stock markets. European shares drew some strength from solid economic growth numbers from Germany and other euro zone economies, bu
  
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• USDOLLAR Index Finding Footing - Will Key Data Comply?

  13-05-2016 14:00
  The US Dollar continues to make strides against its major counterparts, save the Japanese Yen - which could be troublesome for risk.
  
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• Britain's FTSE set for fourth straight weekly loss

  13-05-2016 12:59
  
  * ITV extends previous session's losses(Updates prices, adds details and quote)
  
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• Brent: The price is near the annual highs. Technical analysis of 13.05.2016.

  13-05-2016 12:09 via liteforex.com
  Forex analytics: Review and dynamics Since the beginning of this week the price of oil has grown. Spot-price of crude oil Brent is near the annual highs at the level of 48.20. The price remains in the ascending channel on the daily chart with the upper limit at the level of 50.00. The price was able to consolidate above resistance level of 46.20 (Fibonacci 50% to the decline since June 2015 and the level of ...
  
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• DAX 30 Bears Attempt a Run on Last Week’s Low

  13-05-2016 11:59
  The uptrend in place since February is back under pressure today as bearish traders are challenging last Friday’s low of 9739.
  
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• Euro-Zone Q1’16 GDP Slightly Below Expectations, Greece Contracted

  13-05-2016 11:58
  The Euro was little changed versus other majors after today’s GDP figures were below expectations, while Greece contracted.
  
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• Gold Prices Rise, Crude Oil Weakens as Risk Appetite Evaporates

  13-05-2016 11:41
  Gold prices rose while crude oil traded lower as risk aversion swept financial markets. A disappointing round of US economic data may amplify the sentiment slump.
  
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• Brent: The price of Brent has grown this week. Fundamental analysis of 13.05.2016.

  13-05-2016 11:41 via liteforex.com
  Forex analytics: It seems that the rise in price was triggered by the US labor market data, released this Friday and large-scale fires in the Canadian province of Alberta. Allegedly, some Canadian companies reduced oil production in the region by 1.6 million barrels per day, which is 1% of the world’s total supply. Canada is a major exporter of oil to the world market and in the USA. It is possible that the ...
  
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• Analytical review of the currency pair AUD/USD of 13.05.2016.

  13-05-2016 11:22 via liteforex.com
  Forex analytics: Technical data of the currency pair: Previous closing: 0.7325; Daily range: 0.7285-0.7325; Opening: 0.7325; 52- week range: 0.6824-0.8094;Annual revenue: -9.87%;Change in % for the previous day: -0.80; Analytical review:Since the end of April the AUD fell by over 400 points against the USD. During yesterday’s ...
  
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• USD/HKD Unchanged as Hong Kong GDP Shows a Contraction in Q1’16

  13-05-2016 11:14
  The Hong Kong Dollar was unchanged versus its US counterpart after today’s 1Q’16 GDP figures missed expectations
  
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• EUR/USD: the pair has found support at the level of 1.1345. Technical analysis of 13/05/2016.

  13-05-2016 10:56 via liteforex.com
  Forex analytics: Review and dynamics The pair EUR/USD by 43 points within one hour after the German statistics on consumer price index in April and GDP for Q1, which was released at the beginning of European session.The decline in the pair was stopped at support level of 1.1345 (ЕМА200 on 4-hour chart and the lower line of the ascending channel on the daily chart). The pair EUR/USD remains in the ascending ...
  
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• World stocks slip as investors assess earnings, await data

  13-05-2016 10:51 via news.yahoo.com
  
  HONG KONG (AP) — World stock markets sank Friday as investors evaluated the latest set of corporate earnings and awaited a slew of U.S. and Chinese economic data.
  
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• FTSE 100 Tests Lower End of Its Trading Range

  13-05-2016 10:33
  The FTSE 100 was, at the time of writing, nearing the lower end of the 6054 to 6182 range. The 6054 level is last Friday’s low and an important level for the longer-term trend.
  
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• CORRECTED-BUZZ-Inmarsat: falls on negative read-through from Eutelsat

  13-05-2016 10:20
  
  ** Taken from Fri's low, Inmarsat has lost c.780 mln stg of
  its market cap since May 4, day before it cut FY revs guidance,
  citing tough trading environment & weakening demand
  
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• EUR/USD Descending Channel to Persist on Upbeat U.S. Retail Sales

  13-05-2016 10:00
  A marked rebound in U.S. Retail Sales may spur further losses for EUR/USD as it puts increased pressure on the Fed to normalize monetary policy sooner rather than later.
  
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• EUR/USD: decline in the pair may accelerate. Fundamental analysis of 13.05.2016.

  13-05-2016 09:56 via liteforex.com
  Forex analytics: According to the data provided by EUROSTAT, industrial production in Eurozone fell again in March (-0.8% against the forecast of 0.0% and the decline of 0.8% in February). On annual basis the index showed minor rise (+0.2% against the forecast of 1.1% and +0.8% in February).US labor market statistics, released last night, prior to the publication of Eropean data, was weak. It showed that last ...
  
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• US Dollar May Find Support Despite Soft Economic News-Flow

  13-05-2016 09:28
  The US Dollar may find support in haven-seeking flows despite dimming Fed rate hike bets if retail sales and consumer confidence data undershoots expectations.
  
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• Nikkei 225 Technical Analysis: Short Term Double Top in Focus

  13-05-2016 09:21
  The Nikkei 225 created a short term double top technical pattern on the 16,776 level implying lower prices might be ahead
  
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• Asia shares slip, yen hovers near two-week low on BOJ stimulus expectations

  13-05-2016 08:19 via news.yahoo.com
  
  By Lisa Twaronite and Nichola Saminather TOKYO/SINGAPORE (Reuters) - Asian shares fell on Friday after a rocky performance on Wall Street, while the yen hovered near two-week lows as traders wagered the Bank of Japan will add to its massive stimulus before too long. Major U.S. stock indexes closed mixed on Thursday, with the Nasdaq Composite down 0.49 percent as Apple shares skidded to a two-year low on concerns about iPhone demand. MSCI's broadest index of Asia-Pacific shares outside Japan fell
  
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• Asia shares slip, yen hovers near 2-week low on BOJ stimulus expectations

  13-05-2016 08:19 via news.yahoo.com
  
  By Lisa Twaronite and Nichola Saminather TOKYO/SINGAPORE (Reuters) - Asian shares fell on Friday after a rocky performance on Wall Street, while the yen hovered near two-week lows as traders wagered the Bank of Japan will add to its massive stimulus before too long. Major U.S. stock indexes closed mixed on Thursday, with the Nasdaq Composite down 0.49 percent as Apple shares skidded to a two-year low on concerns about iPhone demand. MSCI's broadest index of Asia-Pacific shares outside Japan fell
  
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