Analyst news

• Brexit is a Game Changer, but Timeline (or lack thereof) the Issue

  01-07-2016 23:57
  Coming into the second quarter of 2016, there was one major item on the calendar for the United Kingdom, and that was the Brexit referendum to be held a week before the end of Q2.
  
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• US Dollar Reserve Status to Flex Its Muscle?

  01-07-2016 23:36
  The Dow Jones FXCM Dollar Index (ticker = USDollar) stuck to its relatively benign 5.8 percent range just below 13-year highs for the fifth consecutive quarter. The fundamental motivation behind the Greenback’s remarkable climb over the preceding five years has clearly lost traction.
  
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• UPDATE 4-Tesla crash raises concerns about autonomous vehicle regulation

  01-07-2016 23:35
  
  July 1 (Reuters) - The fatal crash of a Tesla Motors Inc
  Model S in Autopilot mode has turned up pressure on
  auto industry executives and regulators to ensure that automated
  driving technology is...
  
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• After market spasm, Wall Street looks past Brexit

  01-07-2016 23:04 via news.yahoo.com
  
  By Noel Randewich SAN FRANCISCO (Reuters) - A week-long convulsion in U.S. stocks induced by Britain's vote to leave the European Union has left some on Wall Street feeling a little bit better thanks to stronger expectations of prolonged low interest rates. The result of the June 23 referendum has created a bounty of uncertainty about the future of the United Kingdom, Europe and the global economy.
  
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• Euro Awakes to Brexit Nightmare; Time for a Turn in EUR/USD?

  01-07-2016 22:58
  The beginning of the Q3'16 brings nothing good for the Euro.
  
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• Wall Street ends higher for fourth straight day

  01-07-2016 22:32 via news.yahoo.com
  
  The S&P 500 tallied its best week since November, staging a strong rebound from its worst two-day decline in 10 months sparked by Britain's shock vote last week to leave the European Union. "Clearly, people have assessed that either, one, it's not a big deal, or, two, it’s not going to happen at all, and they’re positioning according to those views," said Walter Todd, chief investment officer at Greenwood Capital in Greenwood, South Carolina. The Dow Jones industrial average rose
  
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• Wall Street up for fourth day on manufacturing lift

  01-07-2016 22:13 via news.yahoo.com
  
  NEW YORK (Reuters) - The major U.S. stock indexes rose modestly on Friday, for a fourth straight day of gains, helped by encouraging U.S. manufacturing data. The Dow Jones industrial average rose 19.38 points, or 0.11 percent, to 17,949.37, the S&P 500 gained 4.09 points, or 0.19 percent, to 2,102.95 and the Nasdaq Composite added 19.90 points, or 0.41 percent, to 4,862.57. (Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)
  
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• Silver to Gold Ratio Rally Not Just a Flash in the Pan

  01-07-2016 21:37
  The turn higher in the silver/gold ratio is yet another indication that inflation trends have experienced an important shift.
  
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• Wall Street edges higher, pacing to fourth day of gains

  01-07-2016 20:57 via news.yahoo.com
  
  The S&P 500 was on track for its best week since November, staging a strong rebound after its worst two-day decline in 10 months after Britain's shock vote last week to leave the European Union. The Dow Jones industrial average was up 18.97 points, or 0.11 percent, at 17,948.96, the S&P 500 had gained 2.98 points, or 0.14 percent, at 2,101.84 and the Nasdaq Composite added 14.28 points, or 0.29 percent, at 4,856.95. Six of the 10 major S&P sectors were higher, with the consumer discr
  
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• Yuan at Risk on Global Turbulence, Non-Farm Payrolls

  01-07-2016 20:09
  The onshore Yuan (CNY) lost -0.64% against the US Dollar to 6.6575, as of 10:30 am EDT on Friday.
  
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• EUR/USD Hits First Target- Key Resistance Stands at 1.1230

  01-07-2016 20:01
  Euro has taken out our initial targets to close the week just below a near-term resistance confluence. Here are the updated targets & invalidation levels that matter.
  
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• Wall Street gains as data points to improving economy

  01-07-2016 18:58 via news.yahoo.com
  
  The S&P 500 is on track for its best weekly gains since October, having recovered sharply from a bruising selloff after Britain voted to quit the European Union. Data from the Institute for Supply Management (ISM) showed its index of national factory activity rose to 53.2, topping expectations of 51.4, according to a Reuters poll. "It's been a wild ride, but positive economic momentum in the United States has and continues to be a ray of sunshine," said Daniel Kern, chief investment strategi
  
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• GBP/USD Shrivels Towards Post Brexit Lows

  01-07-2016 18:55
  After the monster sell off in GBP/USD in the wake of the Brexit vote, Cable has consolidated those losses and are retesting the Post Brexit collapse lows.
  
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• Wall Street extends gains on robust manufacturing data

  01-07-2016 18:01 via news.yahoo.com
  
  The S&P 500 and the Dow were on track for their best weekly gains since October, recovering sharply from a bruising selloff after Britain voted to quit the European Union. Data from the Institute for Supply Management (ISM) showed its index of national factory activity rose to 53.2, topping expectations of 51.4, according to a Reuters poll. "It's been a wild ride, but positive economic momentum in the United States has and continues to be a ray of sunshine," said Daniel Kern, chief investmen
  
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• Post-Brexit rebound sees FTSE setting biggest weekly rise since 2011

  01-07-2016 17:58
  
  LONDON, July 1 (Reuters) - Britain's top share index climbed
  to a 10-month high on Friday and recorded its biggest weekly
  rise in 4-1/2 years, as hopes of fresh Bank of England stimulus
  lent momentum...
  
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• Silver Prices Attempt Largest 3 Day Gain in 9 Months

  01-07-2016 17:34
  Silver prices are trying to produce its largest 3 day gain since December 2014. The technical patterns point to even higher prices, especially if we close on the highs today.
  
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• Stock market majors launch electronic book mechanism

  01-07-2016 16:48 via news.yahoo.com
  BSE and the National Stock Exchange of India (NSE) -- on Friday launched the electronic book mechanism (EBM) for issuance of debt securities on private placement. The BSE launched its "BSE BOND" for issuance of debt securities on private placement basis. "The first placement of bond through BSE BOND was raised by HDB Financial Services Limited with an issue size of Rs 100 crore, which was fully subscribed," the BSE said in a statement.
  
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• USD/CAD: Wave analysis and forecast for 01.07 – 08.07:

  01-07-2016 16:27 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.2912. Our opinion: Buy the pair from correction above the level of 1.3175 with the target of 1.3294. If the price consolidates below the level of 1.2912, sell with the target of 1.2630. Alternative scenario: Breakdown and consolidation of the price below the level of 1.2912 will trigger further decline to 1.2630 – 1.25.Analysis: Presumably, ...
  
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• Wall Street opens flat as rough week draws to a close

  01-07-2016 16:18 via news.yahoo.com
  
  The recovery rally was supported by Bank of England Governor Mark Carney's comments on Thursday that raised the possibility of interest rate cuts to support the British economy. "I think we are going to have a slow drift up," said Brad McMillan, chief investment officer of Commonwealth Financial Network in Massachusetts. At 9:37 a.m. ET (1337 GMT), the Dow Jones Industrial Average was up 12.84 points, or 0.07 percent, at 17,942.83, the S&P 500 was up 2.37 points, or 0.11 percent, at 2,101.23
  
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• USD/JPY: Wave analysis and forecast for 01.07 – 08.07:

  01-07-2016 16:14 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 103.46. Our opinion: Sell the pair from correction below the level of 103.46 with the target of 97.70. Alternative scenario: Breakout and consolidation of the price above the level of 103.46 will trigger further rise up to 106.80. Analysis:Presumably, the formation of the long-term downtrend continues. It is assumed that within this trend the fifth ...
  
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• USD/CHF: Wave analysis and forecast for 01.07 – 08.07:

  01-07-2016 16:10 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 0.9838. Our opinion: Sell the pair from correction below the level of 0.9838 with the target of 0.9510 – 0.93. Alternative scenario: Breakout and consolidation of the price above the level of 0.9838 may trigger further rise up to 1.0 – 1.0100. Analysis: Presumably, the formation of the third wave iii of the senior level continues. Currently, it ...
  
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• Wall St opens flat as rough week draws to a close

  01-07-2016 16:09 via news.yahoo.com
  
  Wall Street opened higher for the fourth straight day as increased prospects of central bank stimulus around the world bolstered investor confidence. The recovery rally was supported by Bank of England Governor Mark Carney's comments on Thursday that raised the possibility of interest rate cuts to support the British economy. "I think we are going to have a slow drift up," said Brad McMillan, chief investment officer of Commonwealth Financial Network in Massachusetts.
  
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• GBP/USD: Wave analysis and forecast for 01.07 – 08.07:

  01-07-2016 16:08 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.3526. Our opinion:Buy the pair from correction above the level of 1.3526 with the target of 1.4060 – 1.4280. Alternative scenario: Decline in the pair below the level of 1.31 and formation of the extended wave pattern 1 of (5). Analysis: Presumably, the formation of the first wave 1 of (5), which is taking a shape of a wedge, is nearing ...
  
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• EUR/USD: Wave analysis and forecast for 01.07 – 08.07:

  01-07-2016 16:05 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.1020. Our opinion: Buy the pair from correction above the level of 1.1020 with the target of 1.1230 – 1.1424.Alternative scenario: Breakout and consolidation of the price below the level of 1.1020 will trigger the decline in the pair to 1.09 – 1.08. Analysis: Presumably, downward correction of the senior level as the wave ii of 3 has ...
  
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• Three of the Most Pressing Themes for Global Markets in Q3

  01-07-2016 15:44
  We're only halfway through the year and we've already seen quite a bit of volatility. As we move into Q3, there are a plethora of risks showing across global markets and today, we look at three of the most pressing themes.
  
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• Wall Street opens flat as investors assess Brexit damage

  01-07-2016 15:38 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened flat on Friday, the first day of the third quarter, as investors assessed their positions after a tumultuous week following Britain's vote to leave the European Union.
  
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• Will Dow Jones Completely Retrace Brexit Collapse?

  01-07-2016 15:34
  A 2 day sell off of nearly 6% from last Friday to this Monday in the Dow Jones Industrial Average has led to a Brexit bounce reclaiming most of the collapse
  
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• CAC 40 Opens Modestly Higher

  01-07-2016 15:31
  The CAC 40 has opened higher, after bouncing from pivot support at 4,236.40.
  
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• Tesla shares slip following fatality, but damage seen limited

  01-07-2016 14:34
  
  July 1 (Reuters) - Tesla Motors Inc's shares were
  down about 2 percent in premarket trading, with at least one
  analyst saying that worries stemming from the first fatality
  involving the company's...
  
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• Italian bank guarantee scheme has a ceiling of 150 bln euros - source

  01-07-2016 14:20
  
  MILAN, July 1 (Reuters) - A scheme set up by the Italian
  government to guarantee liquidity for domestic banks in the
  event of a financial crisis has a ceiling of 150 billion euros
  ($167 billion), a...
  
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• Analytical review of the stocks of Wal-Mart Stores Inc. as of 01.07.2016

  01-07-2016 14:16 via liteforex.com
  Forex analytics: Wal-Mart Stores Inc., #WMT [NYSE] Services, Retail, USAFinancial performance of the company: Index – DJIA, S&P 500; Beta – 0.22;Capitalization – 205.31 В; Return on asset- 7.50%;Income - 15.09 B; Average volume – 11.98 М;P/E - 15.66; ATR – 1.68 Analytical review:The company ranks the fifth on capitalization in the sector of “Retail” among the issuers traded in the ...
  
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• USD/CHF: the price is at the level of. Technical analysis for 01/07/2016

  01-07-2016 13:49 via liteforex.com
  Forex analytics: Review and dynamics Since March, the USD/CHF pair is in the range of 1.0000 (psychologically important level and Fibonacci 61.8% versus the decline from December 2015 and the level of 1.0300) and 0.9520 (lows of April and the Fibonacci 0%).The pair USD/CHF has been declining since the beginning of June; however, now USD/CHF has consolidated at the level of 0.9750 (ЕМА50 on the weekly chart, ...
  
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• USD/CHF: Franc is stable. Fundamental analysis for 01.07.2016

  01-07-2016 13:44 via liteforex.com
  Forex analytics: Swiss data was mixed last week. UBS consumption index for May, released on Wednesday, rose by 1 .35 against 1.24 in April, although this index has been declining since last June. Another indicator of inflation and consumer confidence – the volume of retail sales, which was released today, showed the decline of - 1.6% in June against -1.9% in May.Another important indicator of the state of ...
  
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• Forget Brexit: The Real Reasons Stock Market Bears Are About to Strike Back

  01-07-2016 12:15 via news.yahoo.com
  
  This market, pumped up on central bank stimulus, refuses to stay down. Don't take my word for it: Aggressive rallies in government bonds and precious metals belie the confidence in equities. Caution is still warranted as stocks have merely returned to the upper end of an epic three-year consolidation range.
  
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• Upbeat ISM Manufacturing Survey to Fuel EUR/USD Losses

  01-07-2016 12:00
  Another unexpected uptick in the ISM Manufacturing survey may spur a near-term decline in EUR/USD as boosts bets for a Fed rate-hike.
  
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• Brent: the price is again at the level of 50.00. Technical analysis for 01.07.2016

  01-07-2016 11:52 via liteforex.com
  Forex analytics: Review and dynamics The price of crude oil Brent has won back almost all losses sustained last week due to Brexit. Now, the price is in the range between support level of 50.00 (psychologically important level) and 50.70 (Fibonacci 61.8% to the decline from $65.30 to the lows of 2016 at the level of 27.05). Over the week the price has grown by 3.8%, increasing by $2.5 per barrel.Price is still ...
  
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• EUR/GBP Technical Analysis: Preparing to Reverse Lower?

  01-07-2016 11:38
  The Euro is treading water against the British Pound after jumping to the highest level in over two years following the UK “Brexit” referendum.
  
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• Analytical review of the currency pair GBP/USD for 01.07.2016

  01-07-2016 11:21 via liteforex.com
  Forex analytics: Technical data of the currency pair:Previous closing: 1.3310; Daily range: 1.3262-1.3350;Opening: 1.3310; 52- week range: 1.3833-1.5930;Annual revenue: -4.46%; Change in % for the previous day: -0.71; Analytical review:Last week the GBP fell by 8% against the USD. At the moment, key support and resistance levels are: 1.3130 and 1.3535;The Pound remains under pressure from the UK ...
  
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• UPDATE 1-Italy's Salini Impregilo wins $3.9 bln Tajikistan contract

  01-07-2016 11:11
  
  DUSHANBE, July 1 (Reuters) - Tajikistan has signed a $3.9
  billion contract with Italy's Salini Impregilo to
  build a dam for the Rogun hydroelectric power plant, Tajik
  President Imomali Rakhmon's...
  
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• Zimbabwe's stock market main index falls in H1, further loses seen

  01-07-2016 11:08 via news.yahoo.com
  
  The Zimbabwe Stock Exchange's (ZSE) main index shed 13.7 percent and market capitalisation fell by $300 million during the first six months of the year, official data showed on Friday, as fewer foreign investors bought shares and the economy slowed down. The ZSE, which had been propelled by foreign buyers looking for bargains since Zimbabwe adopted the U.S. dollar in 2009, has been on a slide since the end of 2014 as the economy slumped. Market capitalisation fell to $2.8 billion at the end of J
  
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• USD/JPY Edging Lower as We Approach The Weekend

  01-07-2016 11:05
  The USD/JPY is edging lower after correcting more than 50 percent of the “Brexit” decline, as we enter a possible reduced liquidity environment
  
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• Brent: the price has regained after Brexit 01/07/2016. Fundamental analysis

  01-07-2016 10:58 via liteforex.com
  Forex analytics: Oil prices have won back losses sustained after the decision of the UK to leave the EU, which was announced last Friday. This news decreased investors’ risk appetite and increased their attention to safe-haven assets. However, this week, crude oil Brent rose by 3.8% and returned to the level of 50.00 USD per barrel.Yesterday's statement of the head of the Bank of England (17:00 GMT+2) that in ...
  
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• Post-Brexit vote rebound sees FTSE 100 set for biggest weekly rise since 2011

  01-07-2016 10:28
  
  LONDON, July 1 (Reuters) - Britain's top share index rose on
  Friday to touch a new high for 2016 and leaving it set to post
  its biggest weekly rise in 4-1/2 years as the rebound from last
  week's...
  
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• BRIEF-Shares in UniCredit turn negative, down 2 pct

  01-07-2016 10:22
  
  * shares turn negative, fall 2.3 percent by 0819 GMT after a
  brief suspension to trading
  
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• BUZZ-Trinity Mirror: rallies on in-line update

  01-07-2016 10:03
  
  ** British Newspaper publisher Trinity Mirror +4%, among top 10 gainers on FTSE
  Small Cap index & bouncing off lows last since in 2013 as estimates H1 results in-line
  with expectations
  
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• US Dollar May Rise Alongside Yen as Risk Aversion Builds Anew

  01-07-2016 09:20
  The US Dollar may rise alongside the Japanese Yen as risk aversion builds anew, fueling safe-haven demand for the benchmark currency.
  
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• Gold Prices May Renew Rally as Yields Decline in Risk-Off Trade

  01-07-2016 09:08
  Gold prices may rise anew as yields decline amid renewed risk aversion. Crude oil may be vulnerable despite short0term decoupling from sentiment trends.
  
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• Australian Dollar Brushes Off Worse-Than-Expected China PMIs

  01-07-2016 06:51
  The Australian Dollar was little changed against its major counterparts after a worse-than-expected Chinese Caixin PMI reading. An RBA rate decision is on the horizon.
  
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• Nikkei 225 Technical Analysis: Approaching Resistance After Bounce

  01-07-2016 06:50
  The Nikkei 225 appears to have found support at the 15,000 handle, and a bounce higher sees the index approaching possible resistance
  
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• UPDATE 3-U.S. opens investigation in Tesla after fatal crash in Autopilot mode

  01-07-2016 05:13
  
  WASHINGTON, June 30 (Reuters) - A fatal accident in which
  the driver of a Tesla Motors Inc Model S car operating
  in Autopilot mode was killed in a collision with a truck has
  prompted an investigation...
  
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