Analyst news

• AUD/USD Risks Larger Recovery on Wait-and-See RBA

  01-08-2016 23:00
  More of the same from the RBA may spur a larger recovery in AUD/USD especially as Governor Stevens prepares to leave the central bank.
  
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• Wall Street edges lower as energy sector weighs

  01-08-2016 22:29 via news.yahoo.com
  
  The S&P 500 and the Dow closed slightly lower on Monday, as a drop in oil prices dragged down energy stocks, while tech names Apple and Alphabet helped lift the Nasdaq to its highest close in over a year. The S&P 500 had hit a record high earlier in the session, but was unable to hold gains as U.S. crude slumped to below $40 a barrel, its lowest level since April, before settling at $40.06. "Oil has once again re-emerged as a real driver of how investors are gauging the trend for equitie
  
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• Wall Street retreats from record high as energy shares fall with oil

  01-08-2016 21:06 via news.yahoo.com
  
  The S&P 500 and the Dow dipped in afternoon trading on Monday, as a drop in oil prices dragged down energy stocks, while tech names Apple and Alphabet helped drive the Nasdaq higher. The S&P had hit a record high earlier in the session, but was unable to hold gains as U.S. crude fell below $40 a barrel to its lowest level since April. The correlation between oil prices and equities, which had been very strong until oil rose above $40, is resurfacing now, said Randy Frederick, managing di
  
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• USD/CHF Technical Analysis: Swissy Smashed as USD Crumbles

  01-08-2016 20:42
  A relatively consistent up-trend that had built post-Brexit is being crushed by a falling Dollar. But with a longer-term batch of support nearing, how much longer might the declines run?
  
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• China’s Market News: Mixed PMI Prints Lead Yuan Moves

  01-08-2016 20:29
  China’s official PMI gauge for July came in lower than the Caixin PMI, which is rare. This led to mixed moves in Yuan rates.
  
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• WTI Crude Oil Price Forecast: Bear Market Below 200-DMA

  01-08-2016 20:19
  WTI Crude Oil (CFD: US Oil) Has Fallen Below Significant Support of the 200-DMA at $40.17/bbl, Which Has Dictated Large Moves Since 2014.
  
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• AUDUSD Vulnerable to RBA - Technicals Remain Constructive Above 7495

  01-08-2016 20:01
  The broader technical outlook remains constructive heading into the RBA tonight. Here are the updated targets & invalidation levels that matter into the releases.
  
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• Skidding oil prices pull down S&P from record high

  01-08-2016 19:38 via news.yahoo.com
  
  The S&P 500 and the Dow fell in early afternoon trading on Monday, dragged down by energy stocks as oil prices fell, while the Nasdaq was led higher by Apple and Alphabet. The S&P, which had earlier hit a fresh intraday all-time high, has been on a record-setting rally - helped by largely positive data and strong earnings. The S&P gained 3.6 percent in July - its best month since March - lifting its valuation well above historical levels.
  
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• GBP/USD Technical Analysis: Cable Ranging in Front of BOE

  01-08-2016 19:18
  The Bank of England is widely expected to cut rates next Thursday, and this may already be reflected in price action. But what might be the next driver for markets to look for?
  
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• World stocks softer, Italian banks suffer

  01-08-2016 18:32 via news.yahoo.com
  
  European stocks closed softer on weak economic data but off their lows, while Wall Street was steady and investors tried to see the bright side of recent stress tests for banks. London slid 0.5 percent after a survey showed Britain's manufacturing industry has slumped to its lowest level in more than three years on the back of Brexit. The Milan stock market index ended the day 1.7 percent lower, dragged down by financials.
  
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• Crude Oil Prices Enter Bear Market Territory On Break Of $40

  01-08-2016 18:27
  Crude Oil Prices Are In a Bear Market After Baker Hughes Has Awakened Worries Of An Oil-Glut Driven Bear Market.
  
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• USD/JPY Retail FX Sentiment Back at Extremes Post Wait-and-See BoJ

  01-08-2016 18:18
  USD/JPY retail FX sentiment is working its way back towards recent extremes even as the BoJ endorses a wait-and-see approach for monetary policy.
  
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• Tech stocks power S&P to yet another record high

  01-08-2016 17:50 via news.yahoo.com
  
  The S&P 500 hit a record intraday high on Monday, led by tech stocks such as Apple and Google-parent Alphabet, but a drop in oil prices weighed on energy stocks. The S&P 500 gained 3.6 percent in July, lifting its valuation well above historical levels. Oil prices fell about 2.3 percent due to an increase in OPEC production and U.S. oil rig additions.
  
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• COT-Record British Pound Ownership Profile

  01-08-2016 17:24
  The latest COT data indicates the largest ever speculative British Pound net short position and largest ever commercial hedger long position. This ownership profile indicates a sentiment extreme and therefore warns of a major price bottom.
  
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• USDOLLAR Heavy on GDP- Monthly Opening Range to Hinge on NFP

  01-08-2016 17:02
  Webinar highlighting featured setups we’re tracking on SB Trade Desk. Here are the updated targets & invalidation levels that matter this week.
  
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• World stocks dip, Italian banks suffer

  01-08-2016 16:22 via news.yahoo.com
  
  Global stock markets mostly fell Monday on poor post-Brexit manufacturing data, with Italy rocked also by stress tests which sparked fresh questions about the health of its troubled banks.
  
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• Weekly review for 1 - 7 August 2016

  01-08-2016 16:16 via liteforex.com
  Forex analytics: The decision of the Bank of Japan to keep monetary policy unchanged disappointed investors. The yen sharply went up in the market. In the pair USD/JPY the yen's rose by 300 points against the USD last Friday. The Bank of Japan decided to buy shares of the funds (ETF) on the stock exchanges for the amount of 6 trillion yen per year. The volume of government bonds purchase was left at the ...
  
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• Wall Street opens lower as energy stocks weigh

  01-08-2016 16:09 via news.yahoo.com
  
  Oil prices fell 1.9 percent due to increases in OPEC production and U.S. oil rig additions. The S&P 500 index hit a new intra-day high on Friday for the seventh time in a month, while the Nasdaq ended July with a rise of 6.6 percent. Growth in U.S. gross domestic product in the second quarter came in below expectations, fuelling speculation that the Federal Reserve may not pull the trigger on interest rates anytime soon.
  
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• Analytical review of the stocks of Facebook Inc. for 01.08.2016

  01-08-2016 15:45 via liteforex.com
  Forex analytics: Facebook Inc., #FB [NASD] Technologies, Information Internet Providers, USA Financial performance of the company: Index – S&P 500; Beta – 0.73;Capitalization – 327.58 В; Return on asset – 8.10%;Income – 5.87 В; Average volume – 29.17 М;P/E – 89.22 ATR – 4.09. Analytical review: ​The company ranks the second on capitalization among the issuers in the ...
  
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• RBA, BOE & NFP Highlight Heavy Data Week

  01-08-2016 15:07
  Last week brought two big Central Bank announcements with little additional information, but this week brings two more CB meetings in which rate moves are actually expected to take place.
  
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• Wall Street set to open slightly higher

  01-08-2016 15:06 via news.yahoo.com
  
  U.S. stocks were set to open slightly higher on Monday, the first trading day of the month, as the chances of a near-term interest rate hike faded following weak economic growth data last week. The S&P 500 index hit a new intra-day high on Friday for the seventh time in a month, while the Nasdaq ended July with a rise of 6.6 percent. Growth in U.S. gross domestic product in the second quarter came in below expectations, fuelling speculation that the Federal Reserve may not pull the trigger o
  
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• AUD/USD: The pair is going down in anticipation of the RBA meeting. Technical analysis for 01.08.2016

  01-08-2016 14:57 via liteforex.com
  Forex analytics: Review and dynamics After reaching two-week highs at the level of 0.7615 earlier on Monday, the pair AUD/USD begun to decline at the European session in anticipation of tomorrow's RBA meeting. It is expected that rate in Australia will be reduced by 0.25% and the Bank will show inclinations to more monetary policy easing in the country. If it happens, the Australian currency will fall in the ...
  
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• S&P 500: August and the Beginning of Rising Volatility

  01-08-2016 14:46
  August kicks off period of volatile trading, but need to be careful without a catalyst as volume tends to be low this month.
  
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• AUD/USD: Decisions by the RBA can be a surprise for the market. Fundamental analysis for 01.08.2016

  01-08-2016 14:35 via liteforex.com
  Forex analytics: According to data released last Friday, US GDP has grown by 1.2% in Q2 with the adjustment for the season, which is below the forecast of +2.6%. This news caused the decline in the USD last Friday and continues to put pressure on the USD this Monday. Average annual GDP growth has been the weakest since 1949. Investors’ expectation of the interest rate hike in the USA has declined. Now it is ...
  
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• GBP/USD: the pair has been in the range for the third week. Technical analysis for 01.08.2016

  01-08-2016 14:24 via liteforex.com
  Forex analytics: Review and dynamics In the past two weeks the pair GBP/USD has been in the range of 1.3290 - 1.3060.Although at the July meeting the Bank of England decided to leave interest rates unchanged at the level of 0.5%, fundamental factors are in favor of the decline in the pair GBP/USD. On the weekly and monthly charts the indicators OsMA and Stochastic give signals to sell. The pair GBP/USD is in ...
  
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• GBP/USD: High probability of the monetary policy easing in the UK. Fundamental analysis for 01.08.2016

  01-08-2016 14:20 via liteforex.com
  Forex analytics: PMI in the British manufacturing sector was 48.2 in July against the forecast of 49.1 and 49.1 in June. After the publication of the index at 10:30 (GMT+2), the GBP is declining in the Forex market and in the pair GBP/USD. Market participants are waiting for the monetary policy decisions by the Bank of England, which will be known on Thursday (13:00 GMT+2), and data on the US labor market for ...
  
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• US Dollar Hits Reset on Fed Rate Expectations Post-GDP

  01-08-2016 14:06
  Fed rate expectations are back on the floor after the disappointing Q2'16 US GDP report on Friday.
  
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• WTI Crude Oil Price Sets Sights on SMA Support

  01-08-2016 13:35
  The price of WTI Crude Oil continues to slide, and is now testing the 200 SMA at $40.47.
  
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• Global stocks hit highest in a year but banks take shine off Europe

  01-08-2016 13:18 via news.yahoo.com
  
  By Nigel Stephenson LONDON (Reuters) - Global stocks hit their highest in almost a year on Monday as investors pared back expectations of when U.S. interest rates would rise, although a fall in bank shares after stress tests took the shine off European shares. Wall Street, however, looked set to open higher, according to index futures, potentially giving another nudge up to MSCI's world stocks index, which touched its highest level since mid-August 2015 before pulling back slightly. The dollar r
  
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• NZD/USD Technical Analysis: Surge Higher Pausing at Resistance

  01-08-2016 12:39
  The NZD/USD surged higher this past Friday but resistance around the 0.72 handle is giving the Kiwi a challenge
  
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• Silver Prices: Range Building with Each Swing

  01-08-2016 12:27
  Silver trading at resistance, broader daily range still in view.
  
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• USD/CNH Technical Analysis: 6.6500 May Turn Resistance After Breakdown

  01-08-2016 12:16
  The USD/CNH blasted through support at 6.6500 this past Friday and the level might become resistance going forward
  
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• EUR/USD Technical Analysis: Recovery Faces Resistance at 1.1200

  01-08-2016 11:34
  The EUR/USD is trading higher but might need a clear break above 1.1200 for further bullish conviction
  
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• DAX: Continues to Defy Gravity, for Now

  01-08-2016 11:30
  The DAX continues to press on higher, pattern on short-term chart still intact...
  
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• Currency impact to take froth off Heineken earnings

  01-08-2016 10:37 via news.yahoo.com
  
  By Philip Blenkinsop BRUSSELS (Reuters) - Heineken, the world's third-largest brewer, forecast a bigger blow from declining currencies this year after a first half when strength in Asia and Europe helped to offset declining sales in Africa. The brewer of Heineken, Europe's best-selling lager, Tiger and Sol said its African markets were unlikely to recover in the near term and the weaker Mexican peso, Nigeria naira and British pound would reduce earnings. The gap between Heineken and market leade
  
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• AUD/USD Short Term Levels Ahead of The RBA Rate Decision

  01-08-2016 10:10
  The AUD/USD is in the spotlight with the event risk ahead as US ISM data and the RBA rate decision are on tap
  
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• Analytical review of the currency pair USD/JPY for 01.08.2016

  01-08-2016 09:45 via liteforex.com
  Forex analytics: Technical data of the currency pair:Previous closing: 102.03; Daily range: 102.02-102.69;Opening: 102.28; 52-week range: 99.08-125.29;Annual income: -17.40%; Change in % for the previous day: -3.05.Analytical review:​Last week the Yen rose by over 400 points against the USD. During trading session last Friday the pair fell by 3%;US ...
  
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• Porsche SE's profit drop reflects lower earnings at VW

  01-08-2016 08:31 via news.yahoo.com
  
  Porsche SE , the main shareholder of Volkswagen (VW) , said first-half net profit plunged 41 percent, reflecting lower earnings at VW, which is grappling with its emissions scandal. Net profit in the January-to-June period declined to 980 million euros (830 million pounds) from 1.65 billion a year earlier, Porsche SE said on Monday. The holding company for the Porsche and Piech families which controls 52.2 percent of Volkswagen's voting shares, said net liquidity stood at 1.32 billion euros at t
  
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• AUD/USD Technical Analysis: Key Resistance Ahead at 0.7650

  01-08-2016 08:19
  The AUD/USD is trading higher after finding support below the 0.7450 figure and the pair approaches key resistance ahead
  
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• BUZZ-Dubai's Emaar rises on positive Q2 earnings

  01-08-2016 08:14 via news.yahoo.com
  Aug 1 (Reuters) - ** Shares in Dubai's Emaar Properties rise 1.8 percent to 6.94 dirhams ** Emaar reported 8 percent rise in second-quarter net profit to 1.27 billion dirhams ($345.8 million) ** SICO Bahrain had forecast 1.06 billion dirhams ** Quarterly revenue was 3.73 billion dirhams, up from 3.50 billion dirhams a year earlier; the developer's shopping malls and hospitality businesses generated revenue of 1.36 billion dirhams, with international operations at 533 million dirhams ** Of 11 ana
  
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• Nikkei 225 Technical Analysis: Sideways Between 16,000 and 17,000

  01-08-2016 07:28
  The Nikkei 225 is trading sideways between 16,000 and 17,000 and a clear break could be required for any short term directional conviction
  
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• Didi to buy Uber China operations in deal valuing combined firm at $35 bln - media

  01-08-2016 07:25 via news.yahoo.com
  
  (Reuters) - China's dominant ride hailing firm Didi Chuxing will buy Uber Technologies Inc's operations in China in a deal that will end bruising competition between the two firms, the Wall Street Journal reported. Bloomberg separately reported that the combined company would be valued at $35 billion and that investors in Uber China, owned by San Francisco-based Uber, Baidu Inc and others, would receive a 20 percent stake in the combined company. The deal, if confirmed, would come after China la
  
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• Didi to buy Uber China operations in deal valuing combined firm at $35 billion - media

  01-08-2016 07:25 via news.yahoo.com
  
  (Reuters) - China's dominant ride hailing firm Didi Chuxing will buy Uber Technologies Inc's operations in China in a deal that will end bruising competition between the two firms, the Wall Street Journal reported. Bloomberg separately reported that the combined company would be valued at $35 billion (26.4 billion pounds) and that investors in Uber China, owned by San Francisco-based Uber, Baidu Inc and others, would receive a 20 percent stake in the combined company.
  
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• ASX 200 Technical Analysis: Five Week Rally Carries On

  01-08-2016 07:03
  The ASX 200 continues to print new 2016 highs with a five week nonstop rally and the next resistance might be 5,700
  
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• EUR/USD Prospects Turnaround Over Span of a Week after GDP Surprises

  01-08-2016 04:45
  This time last week, markets were pricing in a rate cut by the European Central Bank this year and for the Federal Reserve to raise rates by June 2017. Now, markets are no longer pricing in an ECB rate cut this year, and the Fed isn’t expected to raise rates until at least January 2018. How quickly market sentiment has changed, and with it, the winds blowing EUR/USD.
  
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• Critical Week For British Pound Points to Big FX Moves Ahead

  01-08-2016 04:25
  The British Pound finished the week marginally higher versus the US Dollar on the heels of stronger-than-expected economic growth numbers. Yet the small rally keeps the Sterling within a tight trading range, and the true test for the GBP will likely come on a highly-anticipated Bank of England interest rate decision due in the coming week.
  
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• China's GOME shares fall more than 6 pct after H1 profit warning

  01-08-2016 03:43
  
  HONG KONG, Aug 1 (Reuters) - Shares of China's GOME
  Electrical Appliances Holding slid more than 6 percent
  on Monday in early Hong Kong trading after the company warned it
  expects its first-half...
  
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