Analyst news

• US stocks eke out gains after Europe, Asia markets sink

  01-06-2016 23:32 via news.yahoo.com
  
  Shares on Wall Street eked out gains Wednesday after markets in much of the rest of the world tumbled on fresh signs of stagnant growth.
  
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• Obama slams Trump for promising to roll back Wall Street reforms

  01-06-2016 23:16 via news.yahoo.com
  
  By Jeff Mason ELKHART, Ind. (Reuters) - President Barack Obama slammed Donald Trump's proposal to weaken Wall Street reforms and touted his own economic record on Wednesday during a trip to a city he visited three weeks into his presidency that has recovered from its recession lows. Obama's remarks in Elkhart, Indiana, foreshadowed the arguments he is likely to make on the campaign trail this fall against the likely Republican presidential nominee. Obama did not mention Trump by name, but he lam
  
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• GBP/JPY Technical Analysis: 600-pip Slalom into Support

  01-06-2016 21:29
  There has been an aggressive reversal in GBP/JPY over the past two trading days, bringing price action to a confluent zone of Fibonacci support.
  
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• EUR/USD Bears Face-Off with the ECB- Key Support 1.1065

  01-06-2016 20:48
  Euro shorts are at risk heading into tomorrow’s interest rate decision. Here are the updated targets & invalidation levels that matter heading into the release.
  
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• EUR/JPY Technical Analysis: Descending Wedge on Daily

  01-06-2016 19:56
  EUR/JPY has run up against stubborn support now for the better part of three months, building in a descending wedge formation on the daily chart.
  
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• USD/CHF Technical Analysis: Range Breaks into Megaphone Pattern

  01-06-2016 19:25
  The consistent range in USD/CHF has begun to give way to a wider run of price action, and this may precede an upcoming breakout in the pair.
  
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• Wall Street flat on U.S. factory data, oil pullback

  01-06-2016 19:12 via news.yahoo.com
  
  U.S. stocks were little changed on Wednesday afternoon, recovering from steep losses earlier in the session, helped by encouraging factory data and a pull back in oil prices. Wall Street fell earlier after surveys showed global manufacturing activity remained stuck in a rut last month, with factory output from Asia and Europe barely improving as producers struggled to bring in new orders.
  
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• Wall St. flat on U.S. factory data, oil pullback

  01-06-2016 19:07 via news.yahoo.com
  
  Wall Street fell earlier after surveys showed global manufacturing activity remained stuck in a rut last month, with factory output from Asia and Europe barely improving as producers struggled to bring in new orders.
  
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• GBP/USD Technical Analysis: Brexit Fears Pummel the Pound

  01-06-2016 18:27
  What looked like a foregone conclusion last week (the stay vote winning the upcoming referendum) now all of the sudden doesn't look so likely.
  
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• GBP/USD Downward Momentum is Maintained

  01-06-2016 18:00
  The GBP/USD has continued its descent this morning, after falling as much as 261 pips in yesterday’s trading.
  
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• USD/CAD Long Bias Vulnerable Sub-1.3120

  01-06-2016 17:58
  A clear weekly opening range has taken shape just below resistance with our long-bias at risk sub-1.3120. Here are the updated targets & invalidation levels that matter.
  
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• EUR/USD Bid Ahead of ECB Meeting; Topside Targets in Focus

  01-06-2016 17:35
  EUR/USD may mount a larger advance following the ECB meeting as the pair looks poised to resume the upward trend carried over from December.
  
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• LiteForex launches Golden Pie contest for clients from Nigeria!

  01-06-2016 17:15 via liteforex.com
  
  LiteForex's News: Each month a prize pool of $1,000 will be raffled off among Nigerian clients of the company. Only the best of you will get the money prize, the size of which will depend on the volume of your trades. When does the Golden Pie contest start? Golden Pie contest starts on the first day of each month and lasts until its end. During the contest period, you conduct your usual trading, while your chances ...
  
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• US bank earnings dip 2 percent in 1Q amid low oil prices

  01-06-2016 16:28 via rocketnews.com
  WASHINGTON (AP) — The impact of low oil prices has continued to hobble the finances of U.S. banks, which posted increased loan losses in the first quarter driven by a huge jump in delinquent energy loans.
  U.S. bank earnings dipped 2 percent in the first three months of the year to $39.1 billion from $39.8 billion a year earlier, data issued Wednesday by the Federal Deposit Insurance Corp. showed.
  Banks posted the biggest quarterly increase — 65.1 percent — in commercial and ind
  
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• AUD/USD Falls Short on GDP Data

  01-06-2016 16:25
  The AUD/USD is trading lower this morning, after initially surging overnight on better than expected GDP data.
  
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• Wall Street opens lower on weak China data, oil prices

  01-06-2016 16:09 via news.yahoo.com
  
  U.S. stocks started the month in the red on Wednesday as falling oil prices and weak factory data from China reduced the chances of a rate hike this month, dragging on financial stocks. JPMorgan, Bank of America and Citigroup were all down between 1.3-2.0 percent. China's official factory activity gauge expanded only marginally in May, data showed, while a private survey showed conditions deteriorated for a fifteenth straight month.
  
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• Wall St begins June lower on weak China data, oil

  01-06-2016 15:43 via news.yahoo.com
  
  (Reuters) - Wall Street began the month in the red on Wednesday, with falling oil prices and weak factory data from China worrying investors as they try to anticipate the timing of the next U.S. rate hike. The Dow Jones industrial average was down 74.3 points, or 0.42 percent, at 17,712.9. The S&P 500 was lower 7.68 points, or 0.37 percent, at 2,089.28 and the Nasdaq Composite was off 19.03 points, or 0.38 percent, at 4,929.02. (Reporting by Tanya Agrawal; Editing by Savio D'Souza)
  
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• Japan Echoes Growth Worries as the Fed Looks to Hike

  01-06-2016 15:24
  Japan announced that more stimulus was coming this fall, and markets have responded with risk aversion. Will this threaten risk trends, Fed rate hike odds?
  
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• Analytical review for Wal-Mart Stores Inc's shares as of 01.06.2016

  01-06-2016 14:39 via liteforex.com
  Forex analytics: Wal-Mart Stores Inc., #WMT [NYSE] Retail services, USA Financial performance:Index –DJIA, S&P 500; Beta – 0.22; Capitalization - 205.31 В; Assets profitability - 7.50%; Revenue - 15.09 B;Average volume – 11.98 М;; P/E - 15.66; ATR – 1.68.Analytical review:The Company has the biggest capitalization in the retail sector among the issuers listed on the US stock ...
  
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• Brent: will the recent peaks be updated? Fundamental analysis as of 01.06.2016

  01-06-2016 14:28 via liteforex.com
  Forex analytics: Oil quotes have dropped today in the Asian market in the run-up to tomorrow's Opec meeting in Vienna that is not expected to change the cartel's policy. UAE Energy Minister Suhail Al Mazrouei announced on Tuesday that oil markets were corrected independently, as it had been expected in the cartel. Nigeria's oil minister has reported as well that the market balance is recovering in a natural way ...
  
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• Brent: the month started with the declining price. Technical Analysis as of 01.06.2016

  01-06-2016 14:08 via liteforex.com
  Forex analytics: Overview and dynamics Since the opening of today's trading day, the oil price has been declining. In Asia, Brent crude oil fell by nearly $0.5, and during the European session the decrease continued.The price of Brent crude oil failed to gain a foothold above the psychologically important level 50.00.With the growth momentum due to disruptions in oil supplies from a number of regions of the ...
  
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• NZD/USD: New Zealand's currency has been consolidating since the beginning of this week. Fundamental analysis as of 01.06.2016

  01-06-2016 13:59 via liteforex.com
  Forex analytics: Positive statistics on New Zealand released yesterday and today allowed the currency to consolidate in the market. According to Tuesday's statistics, New Zealand's business confidence index increased for the third consecutive month, by 11.3% in May against April's value of +6.2%. This indicates an increase in business investment, which has a beneficial effect on the production sector. Statistics ...
  
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• World growth worries give stocks lackluster June start

  01-06-2016 13:50 via news.yahoo.com
  
  Global equity markets started the new month on the back foot on Wednesday, undermined by lackluster economic data and an oil price slide that took the edge off energy and mining shares. The pan-European FTSEurofirst 300 and the STOXX Europe 600 both fell more than 1 percent, led by the resources sector, while U.S. equity futures pointed to a weak opening for Wall Street.
  
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• NZD / USD: will the level 0.6795 be broken? Technical Analysis as of 26.05.2016

  01-06-2016 13:45 via liteforex.com
  Forex analytics: Overview and dynamics NZD/USD pair has decreased by 5% from the level 0.7050 reached in mid-April, having broken through key support levels 0.6860 (23.6% Fibonacci correction level to the global decline of the pair from the level 0.8800, which began in July 2014 and EMA50 on the weekly chart) , 0.6795 (EMA200 on the daily chart), 0.6765 (EMA144).Due to the positive statistics from New Zealand, ...
  
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• World growth worries give stocks lacklustre June start

  01-06-2016 13:44 via news.yahoo.com
  
  By John Geddie and Sujata Rao LONDON (Reuters) - Global equity markets started the new month on the back foot on Wednesday, undermined by lacklustre economic data and an oil price slide that took the edge off energy and mining shares. The pan-European FTSEurofirst 300 and the STOXX Europe 600 both fell more than 1 percent, led by the resources sector , while U.S. equity futures pointed to a weak opening for Wall Street.
  
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• USD/JPY Slips Back as Abenomics’ Failings Come to Light

  01-06-2016 13:29
  Japanese policymakers are looking and sounding increasingly dejected.
  
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• National Bank's Q2 earnings hit by energy sector weakness

  01-06-2016 13:10 via news.yahoo.com
  National Bank on Wednesday joined the list of financial institutions reporting their bottom lines have taken a hit from the battered oil and gas sector. In the wake of the earnings release, investors sent shares of National down  63 cents to $42.89 in morning trading on the TSX.
  
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• USD/JPY Plunges Below 110 handle, ISM Manufacturing Now in Focus

  01-06-2016 13:02
  The USD/JPY plunged below 110.00 today, and the ISM manufacturing data could amplify volatility. Find trading points with GSI
  
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• Sanders Battles Barney Frank as the Dems’ Family Brawl Rolls On

  01-06-2016 11:15 via rocketnews.com
  It’s no surprise that Sen. Bernie Sanders wants to strip former Massachusetts Rep. Barney Frank of his duties as co-chair of the rules committee at the Democratic National Convention in Philadelphia this summer.
  Sanders, the long-shot Democratic presidential candidate, and Frank, the cantankerous former House Financial Services Committee chair from Massachusetts, have been at each other’s throats for years and couldn’t be further apart in their views on how to regulate the big
  
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• Sanders Battles Barney Frank as Dems' Family Brawl Rolls On

  01-06-2016 11:15 via news.yahoo.com
  
  It’s no surprise that Sen. Bernie Sanders wants to strip former Massachusetts Rep. Barney Frank of his duties as co-chair of the rules committee at the Democratic National Convention in Philadelphia this summer. Sanders, the long-shot Democratic presidential candidate, and Frank, the cantankerous former House Financial Services Committee chair from Massachusetts, have been at each other’s throats for years and couldn’t be further apart in their views on how to regulate the big
  
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• Analytical review for AUD/USD as of 01.06.2016

  01-06-2016 11:01 via liteforex.com
  Forex analytics: Technical indicators of the currency pair: Prev. closure: 0.7234; Daily range: 0.7228-0.7299; Opening 0.7234; 52-week range: 0.6824-0.7851;Annual profit: -6.11%; Previous day's change (%): +0.74. Analytical review:The currency has been traded in a range of 0.7150-0.7250 in the past two weeks. On Monday, the ...
  
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• ASX 200 Technical Analysis: 5,300 in Play After Failed Breakout

  01-06-2016 09:20
  The ASX 200 has closed below key levels to mark what appears to be a failed breakout attempt, and now trades near 5,300
  
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• Swiss Franc Slightly Lower as 1Q GDP Data Misses Expectations

  01-06-2016 08:22
  The Swiss Franc traded slightly lower versus other major currencies after the Swiss GDP figures came below expectations
  
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• US Dollar May Rise as ISM, Beige Book Surveys Hint Prices Firming

  01-06-2016 07:09
  The US Dollar may rise as the ISM Manufacturing and Fed Beige Book surveys hint at firming inflationary pressure, bolstering the case for a near-term rate hike.
  
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• Crude Oil Prices Drop on Fading Hopes for OPEC Output Freeze

  01-06-2016 06:18
  Crude oil prices fell by the most in three weeks amid fading hopes for an output freeze deal at an OPEC meeting this week. Gold eyes US data to inform Fed rate hike bets.
  
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• Asia stocks tentative after Wall St losses

  01-06-2016 06:11 via news.yahoo.com
  
  Asian stocks traded cautiously in early deals on Wednesday, following losses on Wall Street and in Europe, and as oil prices dipped ahead of an OPEC meeting in Vienna this week. Traders were wary despite positive economic data from China and Australia, while in Tokyo they awaited a decision from Prime Minister Shinzo Abe on whether or not to delay a consumption tax rise. Global equity markets pulled back overnight as a spate of economic news looms, with investors awaiting a closely watched May U
  
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• Australian Dollar Gains as GDP Growth Reduces RBA Rate Cut Bets

  01-06-2016 04:32
  The Australian Dollar gained against its major counterparts after Australian first quarter GDP data beat expectations and reduced near-term RBA rate cut speculation.
  
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