Analyst news

• Slowing Australia GDP to Spur AUD/USD Losses, Bets for RBA Rate-Cut

  31-05-2016 23:00
  Signs of a slowing recovery in Australia may drag on AUD/USD as it fuels speculation for another RBA rate-cut in 2016.
  
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• U.S. stocks fall on economic worries, dollar firms

  31-05-2016 22:39 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - U.S. stock prices fell on Tuesday on weaker-than-expected economic data, while expectations of a possible Federal Reserve interest rate increase lifted the dollar to near a two-month high against a basket of currencies. The drop on Wall Street stoked safe-haven bids for gold and less riskier U.S. and German government debt. Oil futures faded into the red after rising earlier on higher expected U.S. gasoline demand for summer driving.
  
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• Wall Street ends May with whimper as energy shares slump

  31-05-2016 22:33 via news.yahoo.com
  
  The Nasdaq closed higher on Tuesday, and ended up 3.6 percent for the month, the best performance of the three major indexes. The Dow eked out gains for May to notch its fourth straight positive month.
  
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• WTI Crude Oil Price Forecast: Heading For Four Straight Months of Gains!

  31-05-2016 21:00
  WTI Crude Oil (CFD: US Oil) Is Stalling Near $50/bbl While Setting Up For a Big Week of Data Points, Including Thursday’s OPEC Meeting.
  
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• Goldman's Cohn defends bank's trading business amid revenue slump

  31-05-2016 21:00 via news.yahoo.com
  
  Cohn said there was little correlation between the average size of a bank's fixed income and equities trading revenue and the firm's overall return on equity, a key measure of how well it uses shareholder capital to earn profits. "While we could increase our market-making revenue, it may not translate into better returns," Cohn said at an investor conference organized by Deutsche Bank AG. Wall Street banks have seen revenue from their fixed income trading units decline as new regulations introdu
  
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• How KYC Regulations Prevent Money Laundering

  31-05-2016 20:28 via rocketnews.com
  
  As talk of binary options regulations grows even more important in the changing landscape of the trading industry, it’s important to understand one common phrase that you’ll probably hear over and over: KYC, or Know Your Client.“Know Your Client” policies are becoming more and more popular throughout the entire financial industry, because they help protect against the specific types of crimes that can happen in a largely digital industry. Identity theft, fraud, and money
  
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• US DOLLAR Technical Analysis: Another Monthly Opening Range Worth Watching

  31-05-2016 19:40
  After An Amazing Month of May, US Dollar Traders Are Rightfully Asking, What’s Next?
  
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• AUD/USD Rebound to Face Australian GDP- Resistance at the Yearly Open

  31-05-2016 19:35
  Aussie has responded to slope support with the rally at risk heading into key Australian data tonight. Here are the updated targets & invalidation levels that matter.
  
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• Wall Street lower as consumer stocks slip

  31-05-2016 19:26 via news.yahoo.com
  
  Stronger-than-expected April consumer spending data on Tuesday bolstered Federal Reserve Chair Janet Yellen's stance on Friday that a rate hike in the coming months would likely be appropriate given an improvement in the economy. Seven of the 10 major S&P sectors were lower, with the consumer staples index's 0.57 percent drop leading the decliners. The Nasdaq Composite was up 4.59 points, or 0.09 percent, at 4,938.09.
  
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• USD/CAD Momentum Turns Higher on GDP Data

  31-05-2016 18:05
  The USD/CAD has surged higher this morning, after an initial decline to daily lows at 1.3017. Find latest trading points with the Grid Sight Index.
  
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• Dow and S&P edge lower; health stocks prop up Nasdaq

  31-05-2016 17:50 via news.yahoo.com
  
  Stronger-than-expected April consumer spending data on Tuesday bolstered Federal Reserve Chair Janet Yellen's stance on Friday that a rate hike in the coming months would likely be appropriate given an improvement in the economy. "I think this is a classic wait-and-see the data kind of week," said Philip Blancato, chief executive officer of Ladenburg Thalmann in New York. At 11:35 a.m. ET (1535 GMT) the Dow Jones industrial average was down 69.73 points, or 0.39 percent, at 17,803.49, .
  
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• USD/CAD Eyes Range Resistance as 1Q Canada GDP Disappoints

  31-05-2016 17:40
  USD/CAD appears to be making another attempt to test the April high (1.3218) as Canada’s 1Q Gross Domestic Product (GDP) report falls short of market forecast.
  
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• Wall St edges up as spending data firms rate hike view

  31-05-2016 16:30 via news.yahoo.com
  
  Wall Street inched higher on Tuesday as strong consumer spending data gave the latest sign of improvement in economic growth and supported the Federal Reserve's stance to increase interest rates in the coming months. Hopes of a rate hike boosted financial companies, while a rise in oil prices pushed energy stocks higher. Data showed U.S. consumer spending surged 1.0 percent in April, its biggest increase in more than six years and beating economists' expectation of a 0.7 percent rise.
  
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• Saudi's PetroRabigh says taking 124 mln riyal earnings hit on power cut

  31-05-2016 16:30 via news.yahoo.com
  A 10-day power cut at Saudi Arabia's PetroRabigh petrochemical complex will have a 124 million-riyal ($33.1 million) impact on the company's second-quarter results, it said on Tuesday. PetroRabigh, a joint venture between Saudi Aramco and Sumitomo Chemical, did not specify in a statement to the bourse whether this amount referred to revenue or profit. PetroRabigh reported a net profit of 504.9 million riyals in the second quarter of 2015.
  
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• CAC 40 Stalls at Resistance

  31-05-2016 16:30
  After advancing for 6 consecutive sessions, the CAC 40 stalls at resistance.
  
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• MOVES- HSBC, Citi, BofA, Deutsche Bank, MUFG, Santander

  31-05-2016 16:26 via news.yahoo.com
  (Adds HSBC, Citi and Bank of America) May 31 (Reuters) - The following financial services industryappointments were announced on Tuesday. To inform us of otherjob changes, email [email protected]. HSBC HOLDINGS PLC The bank has named former UBS banker Andre Cronjeas chief operating officer for its global banking and marketsdivision, according to an internal memo seen by Reuters onTuesday. CITIGROUP INC The Wall Street bank appointed Morgan McKenney the head ofcash management for its treas
  
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• US Dollar Moves to Support Ahead of Heavy Dose of Data

  31-05-2016 15:49
  May brought on a stark turn-around in the US Dollar down-trend, and as we trade into June, it appears increasingly likely that USD has found a new theme of strength.
  
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• Wall Street set to open higher on robust consumer spending data

  31-05-2016 15:06 via news.yahoo.com
  
  Wall Street was set to open higher on Tuesday after strong consumer spending data gave the latest sign of improvement in economic growth and supported the Federal Reserve's stance to increase interest rates in the coming months. U.S. consumer spending surged 1.0 percent in April, its biggest increase in more than six years and beating economists' expectation of a 0.7 percent rise. The core PCE is the Fed's preferred inflation measure and is running below the U.S. central bank's 2 percent target.
  
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• Global shares set for monthly gains, dollar’s rally stalls

  31-05-2016 13:52 via rocketnews.com
  By Anirban Nag
  LONDON (Reuters) – Global shares steadied at one-month highs on Tuesday, on track for a third straight month of gain, while the dollar’s recent rally to two-month peaks on expectations the U.S. interest rates could rise next month took a breather.
  European shares fell, hit by a drop in Volkswagen whose shares retreated after the German carmaker reported first-quarter earnings, although the region’s stock markets were set for their best monthly performance since l
  
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• Shares set for monthly gains, dollar’s rally stalls

  31-05-2016 13:49 via rocketnews.com
  By Anirban Nag
  LONDON (Reuters) – Global shares steadied at one-month highs on Tuesday, on track for a third straight month of gain, while the dollar’s recent rally to two-month peaks on expectations the U.S. interest rates could rise next month took a breather.
  European shares fell, hit by a drop in Volkswagen whose shares retreated after the German carmaker reported first-quarter earnings, although the region’s stock markets were set for their best monthly performance since l
  
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• Nigeria stocks fall as investors wait for clarity on FX policy

  31-05-2016 13:27 via news.yahoo.com
  
  Nigerian stocks dropped 3.1 percent in early trades on Monday as investors waiting for clarity on a new central bank currency policy sold shares to book profits following a recent rally. Nigeria's stock market, which has the second-biggest weighting behind Kuwait on the MSCI frontier market index .dMI7400000PUS, hit a six-month high last week after the central bank said it will abandon a currency peg, which has frustrated investors and a shift to a more flexible policy. Top tier lenders Zenith B
  
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• Analytics review of the currency pair USD/JPY as for 31.05.2016

  31-05-2016 11:42 via liteforex.com
  Forex analytics: Technical data of the currency pair: Previous closing: 111.12;  Daily range: 110.8-111.35; Opening: 111.12; 52- week range: 105.52-125.86;Annual revenue: -10.79%;Change in % for the previous day: +0.05. Analytics review:Since the beginning of May the Yen has dropped over 450 points against the USD; Currently, the currency is ...
  
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• Analytical review of the currency pair USD/JPY as for 31.05.2016

  31-05-2016 11:42 via liteforex.com
  Forex analytics: Technical data of the currency pair: Previous closing: 111.12;  Daily range: 110.8-111.35; Opening: 111.12; 52- week range: 105.52-125.86;Annual revenue: -10.79%;Change in % for the previous day: +0.05. Analitics rewiev:Since the beginning of May the Yen has dropped over 450 points against the USD; Currently, the currency is ...
  
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• EUR/USD Unfazed as Unemployment and Inflation Fail to Surprise

  31-05-2016 11:37
  The Euro was little changed versus other majors after today's inflation and unemployment data came in line with expectations
  
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• EUR/GBP: at the key support level 0.7610. Technical Analysis as of 31.05.2016

  31-05-2016 11:35 via liteforex.com
  Forex analytics: Overview and dynamics After April's yearly highs near the level 0.8100, EUR/GBP pair is actively declining, having reached the key support level 0.7610 (EMA50 on the weekly chart, EMA200 on the daily chart and Fibonacci correction level 38.2% to the last downward wave from August 2013 highs and the level 0.8700).Within less than two months the pair has lost almost 6.5%, down by 500 points to ...
  
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• Shanghai surge leads rally in Asian shares

  31-05-2016 10:16 via news.yahoo.com
  
  Mainland Chinese shares closed up more than three percent, while Hong Kong, Tokyo and Seoul also rallied, although volumes were low after Wall Street and London were closed for public holidays. The greenback was boosted by remarks from Federal Reserve chair Janet Yellen that the US could raise interest rates "in the coming months" if data from the world's top economy continues to improve. Traders saw this as a vote of confidence in the US economy, which has remained resilient even after the Fed
  
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• EUR/GBP: in anticipation of the ECB's decision on interest rates. Fundamental Analysis as of 31.05.2016

  31-05-2016 10:12 via liteforex.com
  Forex analytics: EUR/GBP pair has declined for the second consecutive month. The previous 4-month growth of the pair was accompanied by the growth of the euro amid the drop of the European stock markets and purchasing of the the euro as funding currency, as well as the weakness of the pound under the pressure of possible exit of the UK from the EU. The number of supporters of exit from the EU has increased ...
  
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• IG Group sees full-year earnings slightly ahead of views

  31-05-2016 09:27 via news.yahoo.com
  (ShareCast News) - Spreadbetting firm IG Group reported solid trading in the fourth quarter and said earnings for the year are set to be slightly ahead of expectations.
  
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• S&P cuts Fosun outlook to 'negative' on post-M&A debt concern

  31-05-2016 08:57 via news.yahoo.com
  
  S&P Global Ratings (S&P) has lowered the outlook for its rating of Fosun International Ltd credit to "negative" from "stable", citing concern about the Chinese conglomerate's debt remaining high after recent acquisitions. S&P said it based the revision on Fosun's 2015 earnings announced on March 30. It also affirmed its rating of Fosun's long-term credit at "BB", two notches below investment grade.
  
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• S&P cuts Fosun outlook to ‘negative’ on post-M&A debt concern

  31-05-2016 08:57 via rocketnews.com
  HONG KONG (Reuters) – S&P Global Ratings (S&P) has lowered the outlook for its rating of Fosun International Ltd <0656.HK> credit to “negative” from “stable”, citing concern about the Chinese conglomerate’s debt remaining high after recent acquisitions.
  S&P said it based the revision on Fosun’s 2015 earnings announced on March 30. It also affirmed its rating of Fosun’s long-term credit at “BB”, two notches below invest
  
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• S&P says Japan sales tax hike delay makes 'some sense'

  31-05-2016 08:51 via news.yahoo.com
  Delaying a sales tax increase in Japan scheduled for April next year makes "some sense" because the weak economy means a tax rise is not likely to increase revenue, ratings agency Standard & Poor's said on Tuesday. Going ahead with the plan could push Japan's economy into several quarters of anaemic economic growth, Kim Eng Tan, S&P's Asia-Pacific senior director of sovereign ratings, told Reuters in an interview. Delaying the tax hike would not be an indication that Japan's government i
  
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• S&P says Japan sales tax hike delay makes ‘some sense’

  31-05-2016 08:51 via rocketnews.com
  TOKYO (Reuters) – Delaying a sales tax increase in Japan scheduled for April next year makes “some sense” because the weak economy means a tax rise is not likely to increase revenue, ratings agency Standard & Poor’s said on Tuesday.
  Going ahead with the plan could push Japan’s economy into several quarters of anaemic economic growth, Kim Eng Tan, S&P’s Asia-Pacific senior director of sovereign ratings, told Reuters in an interview.
  Delaying the tax hik
  
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• Nikkei 225 Technical Analysis: Index Gathering Momentum

  31-05-2016 07:52
  The Nikkei 225 broke above the short term 17,000 technical level and now appears to be gathering upside momentum
  
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• Gold Prices Attempt Bounce, Follow-Through Depends on US Data

  31-05-2016 06:52
  Gold prices are attempting to stage a recovery after a nine-day losing streak but follow-through depends on the impact of upcoming US PCE data on Fed rate hike expectations.
  
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• Jazz Pharma nears deal to buy Celator for about $1.5 billion - WSJ

  31-05-2016 06:00 via news.yahoo.com
  (Reuters) - Ireland-based Jazz Pharmaceuticals Plc is nearing a deal to buy Celator Pharmaceuticals Inc for about $1.5 billion (1 billion pounds), the Wall Street Journal reported. The deal is likely to be announced on Tuesday, the Journal said citing people familiar with the matter. About three months ago, Celator said its Vyxeos treatment helped older high-risk patients with a deadly form of leukemia live longer than those who received the standard of care regimen in a late stage clinical tria
  
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• Pound Gains After Latest Brexit Poll, US Dollar Eyeing PCE Data

  31-05-2016 05:48
  The British Pound traded higher after the latest polling data weighed against “Brexit” fears. The US Dollar is looking to PCE figures to inform Fed rate hike speculation.
  
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• Asian stocks gain in thin trade as US rate hike looms

  31-05-2016 05:16 via news.yahoo.com
  
  Asian stocks mostly gained on Tuesday and the dollar eased, as traders weighed the fallout from a likely US interest rate rise this summer. Shares in Shanghai surged, while Hong Kong, Tokyo and Seoul rose in opening deals, but trade was muted after Wall Street and London equity markets were closed for public holidays. Tokyo led Asian stocks higher on Monday, closing above 17,000 points for the first time in a month, after the yen plummeted against the strengthening dollar.
  
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• Australian Dollar Rallies as Building Approvals Beat Estimates

  31-05-2016 04:52
  The Australian Dollar rallied against its major peers after Australian building approvals beat expectations. A surge in front-end government bond yields suggests ebbing RBA rate cut bets.
  
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• AUD/USD Technical Analysis: Short Trade Targets Sub-0.71

  31-05-2016 04:14
  The Australian Dollar is digesting losses in a narrow range after touching the lowest level in nearly three months against its US counterpart.
  
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• EUR/GBP Technical Analysis: Digesting Near 4-Month Low

  31-05-2016 02:26
  The Euro is consolidating in a narrow range against the British Pound after falling to the lowest level in nearly four months.
  
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• EUR/USD Technical Analysis: Euro Rebound Hinted Ahead

  31-05-2016 01:51
  The Euro continues to edge lower against the US Dollar, with prices descending to the lowest level in over two months having topped as expected near 1.16.
  
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