Analyst news

• Fed to Make/Break Gold Rally- Bullish Invalidation at Weekly Low

  10-06-2016 23:55
  Gold prices rallied for a second consecutive week with the precious metal up more than 2.2% to trade at 1275 ahead of the New York close on Friday.
  
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• Within sight of a record, Wall Street runs into a wall

  10-06-2016 22:48 via news.yahoo.com
  
  Ahead of Britain's June 23 referendum on whether to stay in the European Union, a poll showed those in favour of Britain exiting the EU, or "Brexit," were well ahead of those who favour remaining. If Brexit occurs, that's a major shock," said Adam Sarhan, chief executive of Sarhan Capital in New York.
  
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• Elusive S&P record looms as investors weigh data, Fed

  10-06-2016 22:09 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - With the S&P 500 again coming close to a record this week before falling back, investors will turn next week to a full slate of economic data and a Federal Reserve meeting in hope of fresh reasons whether to drive stocks to new highs. "Equities are having a difficult time finding a rationale to punch through to a new high," said Peter Kenny, senior market strategist at Global Markets Advisory Group in Berkeley Heights, New Jersey. Next week brings the
  
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• Oil down 3 percent as U.S. drillers add rigs, strong dollar weighs

  10-06-2016 21:26 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices settled down 3 percent on Friday after data showing the U.S. oil drilling rig count rising for a second week in row and a stronger dollar weighed on demand for greenback-denominated crude futures. A slide of more than 1 percent in Wall Street share prices , the largest since April, also prompted pre-weekend profit-taking in Brent and U.S. crude futures, which had rallied earlier in the week. The front-month in U.S. crude's West Texas Intermediat
  
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• The Trump Brand Just Took Another Hit

  10-06-2016 21:10 via news.yahoo.com
  
  It looks like Donald Trump’s vaunted business brand just took another hit. The presumptive GOP presidential nominee is still enmeshed in the controversy over lawsuits charging fraud from students of the now defunct Trump University, as well as Trump’s racially charged comments that the federal judge overseeing one of those cases lacks objectivity because of his Mexican heritage. Now the billionaire New York real estate businessman has been hit by two devastating reports by USA Today
  
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• Oil down 3 pct as U.S. drillers add rigs, strong dollar weighs

  10-06-2016 21:05 via news.yahoo.com
  Oil prices settled down 3 percent on Friday after data showing the U.S. oil drilling rig count rising for a second week in row and a stronger dollar weighed on demand for greenback-denominated crude futures. A slide of more than 1 percent in Wall Street share prices , the largest since April, also prompted pre-weekend profit-taking in Brent and U.S. crude futures, which had rallied earlier in the week.
  
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• With U.S. stocks near record highs, some investors prep for volatility

  10-06-2016 21:01 via news.yahoo.com
  By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) - As U.S. stocks close in on new record highs, some investors are betting on a return of the wild ride that marked the first two months of the year. "We've got a very volatile summer coming up," said Phil Orlando, chief equity strategist at Federated Investors, who said he has been raising cash and moving more money into defensive sectors such as healthcare and utilities. Recent inflows to exchange-traded products (ETPs) used to place bet
  
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• NZD/USD Pops into Significant Long Term Price Zone

  10-06-2016 20:17
  The ‘general area’ for NZD/USD resistance probably extends a bit above .7200. Watch this video for additional details.
  
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• USD/JPY Technical Analysis: A Classic Downtrend Faces a Major Test

  10-06-2016 19:55
  USD/JPY Is About To Test The 200-Week Moving Average. A Break Below There May Silence The Bulls For Years To Come Like In 2008.
  
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• Investors avoiding risk on weak global GDP outlook: Gundlach

  10-06-2016 19:26 via news.yahoo.com
  
  By Jennifer Ablan NEW YORK (Reuters) - Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Friday that investors are dropping risky assets from their portfolios because of falling global Gross Domestic Product expectations, fueled by China's slowing growth, and the intensifying U.S. presidential race. "Falling global GDP expectations, fueled by China having trouble holding it together, are affecting financial markets," Gundlach said in an email to Reuters. "And then, there's the unf
  
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• US DOLLAR Technical Analysis: A Wild Open To June Is Set To Get Wilder

  10-06-2016 19:20
  The Fed Has Been Confident On The Economy While Becoming Less Confident In The Timing Of Hikes Making Dollar’s Technical Outlook In Focus.
  
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• Wall Street down sharply on oil drop, global growth worries

  10-06-2016 19:14 via news.yahoo.com
  
  A sharp drop in oil prices and global growth worries sent jitters through Wall Street, leading the three major U.S. indexes lower for the second straight day in volatile trading on Friday. After three days of gains, losses in the past two sessions have pushed the Nasdaq into the red for the week, while the S&P 500 and the Dow are roughly flat.
  
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• Hopes for AUD/USD Breakout Undermined by Bearish RSI Formation

  10-06-2016 18:34
  The bearish RSI formation in AUD/USD may produce range-bound prices over the days ahead even as the pair breaks out of the downward trend from the end of April.
  
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• USD/CAD Technical Analysis: A Stellar June Thus Far For Canadian Dollar Bulls

  10-06-2016 18:15
  Canadian Dollar Strengthened After the Canada Reported a Larger Than Expected Increase In Full-Time Jobs, Bringing USD/CAD Below Price Support.
  
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• Wall St down sharply on oil drop, global growth worries

  10-06-2016 17:35 via news.yahoo.com
  
  Global growth worries and a sharp drop in oil prices sent jitters through Wall Street, leading the three major U.S. indexes lower for the second straight day on Friday. The yield on government bonds fell globally, while gold prices held near a three-week high.
  
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• TMX Group CFO Michael Ptasznik jumps ship to Nasdaq

  10-06-2016 17:30 via news.yahoo.com
  
  (Reuters) - Nasdaq Inc said it named Michael Ptasznik as chief financial officer after he resigned from a similar role at TMX Group Inc , the operator of the Toronto Stock Exchange. The appointment of Ptasznik is seen as a coup for Nasdaq, which is looking to expand its footprint in Canada. Nasdaq announced in March that it plans to seek regulatory approval to turn its existing alternative trading systems in Canada, which are more lightly regulated than exchanges, into full-blown stock exchanges
  
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• Canadian Employment Data Beats Expectations; USDCAD Plunges

  10-06-2016 17:30
  Unemployment fell and job growth significantly beat expectations, lending immediate strength to the CAD.
  
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• GBP/USD Swan Dives Into 3 Month Support

  10-06-2016 17:01
  GBP/USD falls into a 3 month support channel. Use the Grid Sight tool to pinpoint intraday shifts in momentum.
  
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• WTI Crude Oil Price Forecast: Resilient Trend Struggling Near 11-Month Highs

  10-06-2016 16:30
  WTI Crude Oil (CFD: US Oil) Is Looking Comfortable Around $50/bbl After Consistently Supportive Macro Details Favor Upside Continuation.
  
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• GBP/USD Análisis de Ondas y Pronóstico del mercado, 10 – 17 de junio

  10-06-2016 16:28 via liteforex.com
  Forex analytics:El punto pivote estimado se ubica en el nivel 1.4660. Nuestra opinión: Vender el par de corrección por debajo del nivel de 1.4660, con el objetivo en 1.40.Escenario alternativo:Ruptura y consolidación del precio por encima del nivel de 1.4660 permitirá al par continuar el crecimiento al nivel de 1.50. Análisis: Presumiblemente, concluyó la formación de la tercera onda del nivel ...
  
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• USD/CAD: Wave analysis and forecast for 10.06 – 17.06

  10-06-2016 16:20 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.2458. Our opinion:Buy the pair from correction above the level of 1.2646 with the target of 1.3294. Alternative scenario:Breakdown and consolidation of the price below the level of 1.2646 will enable the pair to continue decline to 1.2458 – 1.24. Analysis: Presumably, the formation of the upward correction continues in the wave B of the ...
  
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• USD/JPY: Wave analysis and forecast for 10.06 – 17.06

  10-06-2016 16:18 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 106.20. Our opinion: Buy the pair from correction above the level of 106.20 with the target of 111.40. Alternative scenario:Breakout and consolidation of the price below the level of 105.46 will permit the pair to continue the decline to the levels of 105.46 – 105.00. Analysis:Presumably, the formation of the upward correction as the ...
  
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• USD/CHF: Wave analysis and forecast for 10.06 – 17.06

  10-06-2016 16:15 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 0.9659. Our opinion:Sell the pair below the level of 0.9659 with the target of 0.9509.Alternative scenario: Breakout and consolidation of the price above the level of 0.9659 will allow the pair to continue to rise up to 0.9785.Analysis: Presumably, the formation of the upward correction completed as the second wave ii, which took a shape of a ...
  
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• GBP/USD: Wave analysis and forecast for 10.06 – 17.06

  10-06-2016 16:11 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.4660. Our opinion: Sell the pair from correction below the level of 1.4660 with the target of 1.40.Alternative scenario: Breakout and consolidation of the price above the level of 1.4660 will allow the pair to continue to rise up to 1.50.Analysis: Presumably, the formation of the third wave of the senior level iii of 5 continues. Locally, it ...
  
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• EUR/USD: Wave analysis and forecast for 10.06 – 17.06

  10-06-2016 16:07 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.1411. Our opinion: Sell the pair from correction bellow the level of 1.1411 with the target of 1.0990 – 1.0940.Alternative scenario: Breakout and consolidation of the price above the level of 1.1411 will allow the pair to continue the rise up to 1.15 – 1.16.Analysis: Presumably, the formation of the downward correction of the senior ...
  
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• Wall Street opens sharply lower as oil drops

  10-06-2016 15:33 via news.yahoo.com
  
  (Reuters) - Wall Street opened lower for the second straight day on Friday as oil prices continued to fall, pressuring energy stocks amid investor worries of risks to global economic growth. The Dow Jones Industrial Average was down 84.85 points, or 0.47 percent, at 17,900.34. The S&P 500 was down 11.37 points, or 0.54 percent, at 2,104.11. The Nasdaq Composite was down 42.10 points, or 0.85 percent, at 4,916.51. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D'Souza)
  
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• Equities, Gold, Yen Price Action Setups Ahead of FOMC, BoJ

  10-06-2016 15:16
  The next two weeks are going to bring a heavy amount of data to markets. In this morning's Market Talk, we look at four of the more interesting markets' price action setups as we approach this bevy of drivers.
  
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• CAC 40 Moves on Daily Support Near 4,300

  10-06-2016 15:00
  European stocks are set to close the week trading lower, with the CAC 40 trading down -1.88% on the day.
  
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• Analytical review of McDonald`s Corp.'s shares for 10.06.2016.

  10-06-2016 14:21 via liteforex.com
  Forex analytics: McDonald`s Corp., #MCD [NYSE] Services, Restaurants, USA Financial performance:Index –DJIA, S&P 500; Beta – 0.49;Capitalization - 108.94 В;Assets profitability - 13.50%;Revenue - 4.53 B;Average volume – 7.04 М;P/E - 23.64;ATR – 2.52.Analytical review:The Company has the biggest capitalization in the "Restaurants"sector among the issuers listed on the US stock ...
  
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• Stocks slip as Brexit jitters feed Bund bonanza

  10-06-2016 14:20 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - Europe's benchmark government bond, the 10-year German Bund, had a zero yield firmly in its sights on Friday as worries about a potential British exit from the EU and weakened U.S. rate hike expectations extended the week's global bond rally. Wall Street was expected to see a subdued restart with the momentum that had appeared to be taking the S&P 500 back to all-time highs earlier in the week sapped all of a sudden as Europe fell almost 2 percent, its bigges
  
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• Global stocks slip as Brexit jitters feed Bund bonanza

  10-06-2016 14:18 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - Europe's benchmark government bond, the 10-year German Bund, had a zero yield firmly in its sights on Friday as worries about a potential British exit from the EU and weakened U.S. rate hike expectations extended the week's global bond rally. Wall Street was expected to see a subdued restart with the momentum that had appeared to be taking the S&P 500 back to all-time highs earlier in the week sapped all of a sudden as Europe fell almost 2 percent, its bigges
  
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• Get Ready for FOMC, Brexit Referendum Next Two Weeks

  10-06-2016 14:12
  Being in the market right now is like sitting on the beach, enjoying the sun, but being fully aware that there are dark storm clouds quickly blowing inland that will bring a downpour.
  
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• AUD/USD: breakout at 0.7360 will roll the pair back down. Technical analysis for 10/06/2016.

  10-06-2016 13:55 via liteforex.com
  Forex analytics: Review and evolution A few fundamental factors have allowed AUD/USD to grow this week to monthly peaks at about 0.7500. Still, the pair has been falling for the second consecutive day having broken a support level of 0.7445 (Fibonacci 23.6% retracement to a descending wave which started in July 2014).The AUD/USD is currently located near a support zone outlined by the levels 0.7400 (ЕМА200 ...
  
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• Britain's FTSE falters as financial and commodity stocks fall

  10-06-2016 13:21
  
  * Brexit worries weigh on market(Adds detail and updates prices)
  
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• Under new chief, China's securities regulator pushes fixes ahead of MSCI deadline

  10-06-2016 13:01 via news.yahoo.com
  
  By Michelle Price HONG KONG (Reuters) - China's securities regulator has rushed through stock market rule changes under its new chairman in a bid to persuade MSCI to include domestic Chinese shares in one of its global benchmarks. The New York-based index provider will announce on June 14 if China has done enough to overcome investor concerns, which were heightened by its heavy-handed response last year to a stock market crash. A decision to allow yuan-denominated shares - or A shares - into its
  
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• European stocks slump on economic unrest

  10-06-2016 12:36 via news.yahoo.com
  
  London (AFP) - European stock markets slumped on Friday following falls in Asia and on Wall Street, as traders expressed unease over central bank policy and Britain's looming referendum on EU membership.
  
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• UPDATE 2-BP and Det norske agree $1.3 bln Norwegian oil merger

  10-06-2016 11:55
  
  * Det norske shares jump 8 pct, BP's little changed(Adds BP CEO quote, fund manager, analysts, detail, background)
  
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• AUD/USD: a correction is expected today, but not below the level 0.7380. Fundamental analysis for 10.06.2016.

  10-06-2016 11:23 via liteforex.com
  Forex analytics: After on Tuesday the RBA left its benchmark interest rate at the current level of 1.75%, and after the publication of weak US NPFR data on Friday, AUD/USD pair increased by 270 points, i.e. by 3.7% from the beginning of the month, reaching 0.7500.Previously, in early May, the RBA cut interest rates to the level of 1.75%, for the first time since June 2015. However, amid the events of recent ...
  
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• Messaging app Line to make trading debut in Tokyo, New York

  10-06-2016 11:15 via news.yahoo.com
  
  Messaging app Line said Friday it will make its stock market debut in Tokyo and New York next month, in a bid to expand beyond its popularity among smartphone users in Asia. The Japan-based firm won regulatory approval for the sale -- likely to be among the biggest IPOs this year -- with the dual listing expected to raise as much as 113 billion yen ($1.05 billion), including an option to sell more shares if demand is strong. The deal would value Line at about $5.5 billion, and was described by B
  
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• Pakistan shares end lower; MSCI inclusion weighs

  10-06-2016 10:56
  
  KARACHI, June 10 (Reuters) - Pakistan stocks closed lower on
  Friday on foreign selling and anxiety over whether the country's
  stock market would be included as an emerging market in the MSCI
  index...
  
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• Brent: positive evolution continues. Technical analysis for 10.06.2016.

  10-06-2016 10:56 via liteforex.com
  Forex analytics: Review and evolution Several fundamental factors allowed Brent oil prices to add more than 3 dollars since the beginning of the month by breaking out an important resistance level of 50.70 (61.8% Fibonacci retracement to the decline from 65.30 to the lows of the year 2016 near 27.05), and reach 10-month highs near a level of 52.80. Our opinion Despite a correction that started on Thursday, a ...
  
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• Analytical review of EUR/USD currency pair for 10.06.2016.

  10-06-2016 10:26 via liteforex.com
  Forex analytics: Technical data of the currency pair: Prev. closing: 1.1318;Daily range: 1.1290-1.1320;Opening: 1.1318;52-week range: 1.0538-1.1713;Annual income: + 1.05%;Chg. % for prev. day: -0.74. Analytical review:Since early June the single currency has significantly gained in price against the US dollar (more than 200 points). During yesterday's trading session, the euro rally was ...
  
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• USD/CNH Technical Analysis: Approaching Possible Resistance

  10-06-2016 10:16
  The USD/CNH is approaching the 6.6000 resistance level after finding support at 6.5500 following the US NFPs
  
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• Brent: a downward correction shaping up. Fundamental analysis for 10.06.2016.

  10-06-2016 10:13 via liteforex.com
  Forex analytics: On Thursday, Brent oil dropped 1.1% to $51.95/bbl at ICE Futures Europe. Oil prices have been falling since the opening of trades on Friday against a backdrop of the USD's general consolidation in the currency market. However, the quotes remain close to 10-month lows amid continuing supply outages and a decrease in US oil stocks. The United States Department of Energy announced on Wednesday that ...
  
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• USD/CAD Rebound Vulnerable to Strong Canada Employment Report

  10-06-2016 10:00
  The near-term rebound in USD/CAD may be short-lived should Canada’s Employment report curb speculation for another round of monetary stimulus.
  
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• AUD/USD in Focus Today as Risk Trends Could Take Center Stage

  10-06-2016 09:10
  The AUD/USD might provide short term opportunities as a light economic calendar could put the focus on risk trends today
  
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• NZD/USD Technical Analysis: Kiwi Rises to 1-Year High

  10-06-2016 07:43
  The New Zealand Dollar continued to surge against its US counterpart, taking out April’s swing high and hitting the highest level in a year.
  
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• EUR/GBP Technical Analysis: Waiting for Directional Conviction

  10-06-2016 06:44
  The Euro is in consolidation mode below the 0.79 figure after rising to the highest level in nearly a month against the British Pound.
  
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• UPDATE 2-Air NZ sale of 20 pct Virgin Australia stake to Chinese firm stirs political debate

  10-06-2016 06:18
  
  * Deal stokes political debate on foreign ownership(Recasts throughout, adds comment, shares)
  
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• Gold, Crude Oil Prices May Fall on Pre-Positioning for FOMC

  10-06-2016 06:17
  Gold and crude oil prices may decline amid pre-positioning for next week’s high-profile event risk, headlined by the FOMC monetary policy announcement.
  
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