Analyst news

• Wall Street hits 'pause' after two-day surge

  26-05-2016 23:12 via news.yahoo.com
  
  Investors this week have grown more comfortable with expectations the Federal Reserve could raise interest rates as soon as June, with many taking the view that such a hike would reflect improvement in the country's economy. "People are taking their foot off the gas after making a bunch of money, and now they're waiting for the next data point," said Phil Blancato, chief executive of Ladenburg Thalmann Asset Management in New York. Trading near 16.5 times expected earnings, the S&P 500 appea
  
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• US STOCKS-Wall Street hits 'pause' after two-day surge

  26-05-2016 23:03 via news.yahoo.com
  Wall Street treaded water on Thursday following two days of strong gains as advancing utilities offset declines in materials, banks and other cyclical industries. Investors this week have grown more comfortable ...
  
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• US STOCKS-Wall Street pauses after two-day run higher

  26-05-2016 22:17 via news.yahoo.com
  Wall Street treaded water on Thursday following two days of strong gains as advancing defensive sectors offset declines in materials, banks and other cyclical industries. Investors this week have grown ...
  
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• USD/JPY Coiling Ahead of U.S. GDP- Breakout Levels to Watch

  26-05-2016 21:37
  The recent consolidation in price is eyeing a potential breakout heading into key U.S. event risk tomorrow. Here are the updated targets & invalidation levels that matter.
  
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• Wall Street takes a breather after two-day rally

  26-05-2016 20:43 via news.yahoo.com
  
  (Reuters) - Wall Street treaded water on Thursday as investors looked for fresh reasons to buy stocks following two straight days of gains.
  
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• Saudi Aramco boosting market share as it prepares for listing - CEO

  26-05-2016 20:06 via news.yahoo.com
  * Energy sector will be "bridge to the long-term" - CEO * Saudi diversification plan "isn't saying no to oil" * Aramco market share up in 2015, 2016 - Nasser * IPO is at "the heart of Vision 2030" plan By Reem Shamseddine KHOBAR, Saudi Arabia, May 26 (Reuters) - Saudi oil giant Aramco is gaining market share and pushing for greater efficiency, chief executive Amin Nasser said in an interview, as it acts as a "bridge" to a future when the nation relies less on energy exports. Nasser also told Reu
  
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• WTI Crude Oil Price Forecast: Hello, $50!

  26-05-2016 19:10
  WTI Crude Oil (CFD: US Oil) Defies The Wishes of Bears As Per DailyFX’s Speculative Sentiment Index As Demand Slope Steadily Rises.
  
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• Wall Street lower as material stocks weigh

  26-05-2016 19:06 via news.yahoo.com
  
  (Reuters) - Wall Street was slightly lower on Thursday as material stocks fell and after oil struggled to stay above the psychologically important $50-per-barrel mark.
  
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• EUR/GBP Breakdown Eyes Critical Support at 7520

  26-05-2016 18:49
  EURGBP is responding to near-term support with more significant targets seen just lower. Here are the updated targets & invalidation levels that matter.
  
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• Global markets lifted by oil surge

  26-05-2016 18:36 via news.yahoo.com
  
  Global optimism lifted equity markets Thursday, fuelled by oil breaking through $50 for the first time this year, but Wall Street drifted lower on profit-taking. Higher oil prices boosted the profits, revenues and share prices of energy companies and Asian stock markets were first to feel the benefit, with energy stocks in Europe and the US also attracting strong buying interest. In Europe, Frankfurt, London and Paris extended Wednesday's gains that were won on the back of a financing deal for G
  
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• USD/JPY Downside Targets on Radar Ahead of Japan CPI Report

  26-05-2016 18:15
  USD/JPY may continue to retrace the advance from earlier this month as it pair largely preserves the bearish trend carried over from March.
  
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• Wall Street lower as oil prices slip

  26-05-2016 17:38 via news.yahoo.com
  
  (Reuters) - U.S. stocks were trading slightly lower on Thursday, after a strong two-day run, as oil prices slipped below the psychologically important $50 a barrel.
  
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• Gawker exploring sale following Hulk Hogan case: New York Post

  26-05-2016 17:26 via news.yahoo.com
  
  (Reuters) - Gawker Media, the New York-based owner of online news and gossip website Gawker.com, is exploring a sale following a court ruling that it pay $140 million to wrestler Hulk Hogan over the publication of a sex tape, the New York Post reported. The Wall Street Journal later also reported that Gawker, founded and run by Nick Denton, had hired investment banker Mark Patricof of Houlihan Lokey to explore strategic options, including a sale. Hogan sued the website for posting a video clip i
  
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• Wall Street flat as stocks pause after recent rally

  26-05-2016 16:11 via news.yahoo.com
  
  Comments from policymakers in recent days and upbeat U.S. economic data have raised expectations that the Federal Reserve could pull the trigger on a rate increase much sooner than previously thought. "The market will be looking for some direction from Yellen. At 9:41 a.m. ET (1341 GMT) the Dow Jones industrial average was up 21.23 points, or 0.12 percent, at 17,872.74, the S&P 500 was up 2.12 points, or 0.1 percent, at 2,092.66 and the Nasdaq Composite was up 3.62 points, or 0.07 percent, a
  
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• MIDEAST STOCKS-Saudi shares drop despite oil over $50 but Dubai lifted

  26-05-2016 16:04 via news.yahoo.com
  * Saudi bourse falls as investors lack encouragement to build positions * But petrochemical stocks gain as oil breaks $50 * Dubai index gains for fourth session in a row * Dubai Parks surges over 6 pct after raising share capital * Egypt slips as local traders exit stock market By Celine Aswad DUBAI, May 26 (Reuters) - A break in Brent crude prices over $50 a barrel failed to support Saudi Arabia's index on Thursday, but helped carry Dubai's index higher for a fourth session. Other markets were
  
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• Oil Tags the Psychological $50 Level as USD Slips Below Support

  26-05-2016 15:51
  Oil is up a whopping 91% from the low set on February 11th, and a new psychological level just came into play. When might this rally find resistance?
  
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• Wall Street set to open higher on strong economic data

  26-05-2016 15:06 via news.yahoo.com
  
  Comments from policymakers in recent days and upbeat U.S. economic data have raised expectations that the Federal Reserve could pull the trigger on a rate increase much sooner than previously thought. "The market will be looking for some direction from Yellen. All eyes will be on Fed Chair Janet Yellen on Friday, when she speaks at Harvard University.
  
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• DJIA Posts 2nd Consecutive Triple Digit Gain - Will Gains Continue?

  26-05-2016 14:57
  Dow Jones Industrial Average posted two triple gains on consecutive days. After anticipating a tradeable low to form, trader sentiment confirms a buy the dip strategy.
  
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• Analytical review of the stocks of HP Inc. as of 26.05.2016

  26-05-2016 14:41 via liteforex.com
  Forex analytics: HP Inc., #HPQ [NYSE] Technologies, Computer systems, USA Financial performance of the company:Index – S&P 500; Beta – 1.66; Capitalization – 20.20 В; Return on asset - 4.40%; Income - 4.55 B; Average volume – 17.65 М; P/E - 5.29; ATR – 0.41.Analytical review:The company ranks the second on capitalization in the sector of “Computer systems” among the issuers ...
  
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• NZD/USD: Consolidation of the price below the key levels of 0.6795 and 0.6765. Technical analysis as of 26.05.2016

  26-05-2016 14:21 via liteforex.com
  Forex analytics: Review and dynamics On the daily chart the price has consolidated below the key support levels of 0.6795 (ЕМА200) and 0.6765 (ЕМА144).In mid-April the pair NZD/USD reached the highs at the level of 0.7050 and after that started to decline. The decline in the pair accelerated at the beginning of May.The decline was caused by the rise in the USD in the currency market and decline in the ...
  
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• Fed Rate Expectations Rising but USDOLLAR Breakout Losing Steam

  26-05-2016 14:00
  Traders seem to need more evidence before committing to the idea that the Fed will raise rates in June.
  
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• EUR/USD: was breakout of 1.1180 a false one? Technical analysis as of 26/05/2016

  26-05-2016 13:44 via liteforex.com
  Forex analytics: Review and dynamics Due to the rise in the USD in May, pair EUR/USD broke down important support level of 1.1180 on the daily chart. (See "EUR/USD: Technical analysis as of 20/05/201 breakout of the level of 1.1180 is required”).The dollar significantly strengthened in May against safe-haven assets, such as the Yen, Franc and gold.However, there are signs, that the USD will either reverse ...
  
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• NZD/USD: different monetary policies of the US Fed and RBNZ

  26-05-2016 13:43 via liteforex.com
  Forex analytics: Due to strong data on the foreign trade balance in New Zealand, the NZD went up on Wednesday, bouncing from 2-month lows against the USD at the level of 0.6700. Foreign trade balance in New Zealand amounted to 292 million NZD in April against the forecast of 60 million NZD. Yesterday’s rise in the pair NZD/USD was also triggered by the US Purchasing Managers’ Index (PMI) in the service ...
  
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• £70m Sorrell Pay Deal Gains ISS Backing

  26-05-2016 12:58 via news.yahoo.com
  
  A £70m pay deal for Sir Martin Sorrell, the chief executive of WPP Group, is on course to avoid a major shareholder revolt after receiving the support of one of the world's top voting advisory firms. Sky News has learnt that Institutional Shareholder Services (ISS (LSE: 0QRS.L - news) ), which represents approximately 20% of UK stock market investors, has recommended approving WPP (LSE: WPP.L - news) 's remuneration report at next month's annual meeting. ISS's backing is signific
  
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• Analytical review of the currency pair USD/CAD as of 26.05.2016

  26-05-2016 11:25 via liteforex.com
  Forex analytics: Technical data of the currency pair: Previous closing: 1.3020; Daily range: 1.2974-1.3037; Opening: 1.3020; 52 - week range: 1.2124-1.4692;Annual revenue: +4.75%;Change in % for the previous day: -0.66. Analytical review:The rally of the USD was stopped at the resistance level of 1.3150. The pair has ...
  
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• EUR/USD: It is advisable to refrain from placing short positions prior to the American session. Fundamental analysis as of 26.05.2016

  26-05-2016 11:00 via liteforex.com
  Forex analytics: With the opening of today’s trading session the USD is declining in the market. The exception is the pair NZD/USD. NZD is declining against the USD due to disappointing forecast for dairy products for this season, released by Fonterra.In additions to the rise in the Pound and oil prices against the USD, yesterday Canadian currency started to grow too, after the announcement that the Bank of ...
  
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• ASX 200 Technical Analysis: Crucial Decision Point For The Index

  26-05-2016 10:55
  The ASX 200 is trading at a major resistance area as buyers appear to initiate an attack on long term range top levels around 5,380
  
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• South Africa's finmin says cannot predict S&P, Fitch ratings outcomes -report

  26-05-2016 10:32 via news.yahoo.com
  
  Finance Minister Pravin Gordhan has said it was still unclear whether South Africa's debt could be downgraded by Standard & Poor's and Fitch after holding discussions with the rating agencies last week, the Financial Mail reported on Thursday. A team from S&P met officials in Africa's most industrialised country last week before their review due to be published on June 3, which could see the country's debt rating cut to junk. South African officials also spoke to Fitch by phone, the Trea
  
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• Strong U.S. Durable Goods Orders to Foster EUR/USD Losses

  26-05-2016 10:00
  Another expansion in U.S. Durable Goods Orders may spark a bearish reaction in EUR/USD as it boosts bets for an imminent Fed rate-hike.
  
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• DONG Energy listing set to value group at up to $16 billion

  26-05-2016 09:57 via news.yahoo.com
  
  By Teis Jensen COPENHAGEN (Reuters) - DONG Energy on Thursday set an indicative price range for its planned stock market listing, which could value the Danish utility at up to $16 billion (10.9 billion pounds), potentially making it Europe's biggest flotation this year. The state-controlled company, which also develops offshore wind farms, set its price range at 200 Danish crowns to 255 crowns per share, giving the group a market value of 83.5 billion to 106.5 billion Danish crowns ($12.6-16.0 b
  
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• Oil prices top $50, Asian shares struggle as China sags

  26-05-2016 08:29 via news.yahoo.com
  
  By Hideyuki Sano TOKYO (Reuters) - Brent crude oil rose above $50 a barrel for the first time in nearly seven months on Thursday but Asian shares struggled to gain traction, with worries about U.S. interest rates and China's slowing economy keeping investors on the sidelines. While energy stocks outperformed, a slump in mainland China stocks to 2-1/2 month lows dampened any broader interest in riskier assets in Asia, offsetting overnight gains on Wall Street. Oil prices are rising, which would b
  
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• British Pound May Overlook UK GDP Data as US Dollar Rally Resumes

  26-05-2016 07:23
  The British Pound may overlook revised UK GDP data as Brexit speculation preoccupies investors. The US Dollar rally may resume as Fed rate hike bets swell anew.
  
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• Gold Prices May Extend Loss Streak on US Durables Data, Fed-Speak

  26-05-2016 06:10
  Gold prices may extend a six-day losing streak as upbeat US durable goods orders data and hawkish Fed commentary boost imminent rate hike speculation.
  
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• Asia stocks take breather, oil passes $50 a barrel

  26-05-2016 05:56 via news.yahoo.com
  
  Asia stocks took a breather Thursday after a rally during the previous session, but energy firms were mostly up after oil surged past $50 a barrel for the first time this year. Investors seemed to brush off another strong lead from Wall Street and Europe, treading softly as the Group of Seven leaders' summit kicked off in Japan, where the sputtering global economy is likely to top the agenda. Markets had rallied around the world Wednesday as investors welcomed a debt relief deal for Greece, brig
  
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• Oil prices top $50, Asian shares struggle on China worries

  26-05-2016 05:16 via news.yahoo.com
  
  By Hideyuki Sano TOKYO (Reuters) - Brent crude oil rose above $50 a barrel for the first time in nearly seven months on Thursday but Asian shares struggled to gain traction, with worries about U.S. interest rates and China's slowing economy keeping many investors on the sidelines. While energy stocks outperformed, a slump in mainland China stocks to 2-1/2 month lows dampened any broader interest in riskier assets in Asia, offsetting overnight gains on Wall Street. Oil prices are rising, which wo
  
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• Fed-Speak Continues to Pave Way for Rate Hike, Yellen Coming Up

  26-05-2016 04:42
  Fed’s Patrick Harker and Robert Kaplan presented speeches offering clues that the Fed could act in the near-term, Janet Yellen is due to speak on Friday.
  
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• AUD/USD Technical Analysis: Down Move Below 0.71 Expected

  26-05-2016 02:07
  The Australian Dollar looks poised for deeper losses after prices established a foothold below the 0.72 figure against its US counterpart.
  
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