Analyst news

• USD/CHF Technical Analysis: Swissy Pops, but Still in Range

  04-10-2016 22:57
  USD/CHF put in a vigorous move higher today, but ran into resistance of the shorter-term range of the past month. But a more attractive resistant level may come into play in the coming weeks.
  
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• Stocks fall broadly on Wall Street along with bonds and gold

  04-10-2016 22:56 via news.yahoo.com
  
  NEW YORK (AP) — Stocks fell broadly on Tuesday, led by sharp drops in utilities and phone companies. U.S. government bond prices also slumped, and gold had its worse day in nearly three years.
  
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• Threat of 'hard Brexit' pulls down Wall Street

  04-10-2016 22:25 via news.yahoo.com
  
  Angst about future interest rate hikes also returned to the fore after Richmond Federal Reserve President Jeffrey Lacker said he would have voted in favor of an increase at the latest policy meeting had he been able to do so. Meanwhile, the International Monetary Fund lowered its 2016 growth forecast for the U.S. economy to 1.6 percent from 2.2 percent and painted a gloomy picture of the global economy. The Nasdaq Composite dropped 0.21 percent to 5,289.66.
  
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• U.S. regulators say will review Wall Street 'living wills'

  04-10-2016 22:23 via news.yahoo.com
  
  WASHINGTON (Reuters) - The Federal Reserve on Tuesday said it has received Wall Street plans for how to wind down leading banks in the case of bankruptcy and regulators will begin reviewing that paperwork. The 'living will' paperwork came from eight leading banks including Goldman Sachs & Co, Bank of America Corp and JPMorgan Chase & Co . The Fed and Federal Deposit Insurance Corp will decide whether the leading banks can feasibly be wound down in the case of a financial crisis or bankru
  
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• IMF Cuts Global Growth Projections Amid Woes in Advanced Economies

  04-10-2016 22:19
  According to the IMF’s recently updated economic outlook, the rise of protectionist rhetoric and anti-integration policies worldwide could derail the fragile global recovery
  
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• AUD/USD to Curb Losses on Strong Australia Retail Sales Report

  04-10-2016 22:00
  A marked rebound in Australia Retail Sales may curb the near-term decline in AUD/USD as it highlights an improved outlook for growth and inflation.
  
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• Oil down after 4-month highs on dollar's rise, stockpile worry

  04-10-2016 21:03 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil settled slightly lower in choppy trade on Tuesday as a surging dollar and anticipation of higher U.S. crude stockpiles offset optimism about planned OPEC output cuts that initially took Brent to four-month highs. A slump in equity prices on Wall Street also weighed on oil. [.N] Brent crude settled down 2 cents at $50.87 a barrel, after rising earlier to $51.37, its highest since June 10. U.S. West Texas Intermediate (WTI) crude closed down 12 cents at
  
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• Oil down after four-month highs on dollar's rise, stockpile worry

  04-10-2016 21:02 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil settled slightly lower in choppy trade on Tuesday as a surging dollar and anticipation of higher U.S. crude stockpiles offset optimism about planned OPEC output cuts that initially took Brent to four-month highs. A slump in equity prices on Wall Street also weighed on oil. [.N] Brent crude settled down 2 cents at $50.87 a barrel, after rising earlier to $51.37, its highest since June 10. U.S. West Texas Intermediate (WTI) crude closed down 12 cents at
  
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• Wall Street falls, rankled by fear of 'hard Brexit'

  04-10-2016 20:54 via news.yahoo.com
  
  It was the second straight session of losses on Wall Street, where investors were already on edge due to the uncertainty of a tight race ahead of the Nov. 8 presidential election. While the weaker pound sent UK stocks surging, it raised worries among U.S. investors. Angst about future interest rate hikes also returned to the fore after Richmond Federal Reserve President Jeffrey Lacker said he would have voted in favor of an increase at the latest policy meeting had he been able to do so.
  
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• GBP/USD Technical Analysis: The British Pound Breakdown

  04-10-2016 20:39
  The British Pound has gotten off to a rough start to October, and if the driver of these moves continue, that's not likely to change anytime soon.
  
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• After an early gain, stocks are falling on Wall Street

  04-10-2016 20:35 via news.yahoo.com
  
  NEW YORK (AP) — Stocks are falling broadly in afternoon trading after an early gain faded away. Utilities and real estate companies are down the most as bond yields rise sharply. Bank stocks are bucking the market and moving higher. Gold is dropping.
  
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• EUR/JPY Technical Analysis: Six Month Trend-Line Gives Way

  04-10-2016 20:05
  EUR/JPY is putting in a strong move, but has run directly into a long-term support/resistance level. Does this move have staying power, and how can traders approach this potential paradigm shift?
  
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• Oil hits four-month high on OPEC speculation; cut gains on dollar

  04-10-2016 19:26 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices were slightly higher in choppy trade on Tuesday, with Brent hitting four-month highs on a rally inspired by OPEC plans to tighten output before a surging dollar pared gains. Weaker equity prices on Wall Street limited oil's run higher. [.N] Brent crude was up 30 cents at $51.19 a barrel by 12:54 p.m. EDT (5.54 p.m. BST), after rising to $51.37, its highest since June 10. U.S. West Texas Intermediate (WTI) crude rose 10 cents to $48.91. Earlier,
  
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• Wall Street see-saws as investors assess rate-hike chances

  04-10-2016 19:16 via news.yahoo.com
  
  U.S. stocks see-sawed on Tuesday as investors assessed the prospects of an interest rate hike in the coming months. The markets lost some momentum after the International Monetary Fund (IMF) lowered its growth forecast for the U.S. economy to 1.6 percent from 2.2 percent this year and painted a gloomy picture of the global economy. Financials rose 0.68 percent after Richmond Federal Reserve President Jeffrey Lacker said he would have voted in favor of a rate hike at the last policy meeting had h
  
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• USD/JPY Longs Favored Above 101.20- 4Q Breakout in Focus Ahead of NFP

  04-10-2016 19:09
  The near-term technicals keep the focus higher as we head into US ADP/ISM data tomorrow. Here are the updated targets & invalidation levels that matter heading into the release.
  
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• USD/JPY Rattles Bearish Summer Trend; Retail FX Positioning Shifts

  04-10-2016 19:00
  USD/JPY may stage a larger advance in the days ahead as it appears to be breaking out of the bearish trend carried over from the summer months.
  
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• Global stock markets set for modest gains in 2017

  04-10-2016 18:47 via news.yahoo.com
  
  Global equities are forecast to rise modestly in 2017, held back by concerns about the pace of U.S. Federal Reserve interest rate hikes and the waning effect of widespread monetary stimulus that has helped drive shares to lofty heights, Reuters polls show. While massive stimulus from some of the world's biggest central banks has underpinned a multi-year rally since the financial crisis, taking Wall Street to record highs, doubts over the potency of further monetary easing are growing.
  
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• After an early gain, stocks are mostly lower on Wall Street

  04-10-2016 18:47 via news.yahoo.com
  
  NEW YORK (AP) — Stocks are drifting mostly lower in afternoon trading after an early gain faded away. Utilities and real estate companies are down the most as bond yields rise sharply. Bank stocks bucked the market and moved higher. Gold is dropping.
  
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• Euro Rally May Be Short-Lived

  04-10-2016 18:08
  The Euro spiked higher following a news report regarding the ECB’s exit strategies from QE.
  
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• UK stock market just shy of record high as pound drops

  04-10-2016 18:03 via news.yahoo.com
  
  LONDON (AP) — British stocks fell agonizingly short of an all-time high on Tuesday as optimism grew that the country's exporters and multinationals will benefit from the pound's slide to another 31-year low against the dollar.
  
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• CAC 40 Breaks to Weekly Highs

  04-10-2016 17:50
  The CAC 40 has Broken Resistance to trade to new weekly highs.
  
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• First Utility shakes up board as IPO is shelved after CMA probe

  04-10-2016 17:43 via news.yahoo.com
  
  Sky News has learnt that First Utility will announce on Wednesday that its chairman, Dr John Roberts, is to step down and be replaced by Thomas Chambers, an experienced technology investor. Two other non-executive directors of First Utility - Pieter Knock and Eva Eisenschimmel - will also step down from the board as the prospect of a bumper stock market flotation recedes into the medium term. The moves come three months after First Utility's management was heavily critical of the Competition and
  
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• S&P, Dow fall in choppy trading, Nasdaq flat

  04-10-2016 17:35 via news.yahoo.com
  
  The markets lost momentum after the International Monetary Fund (IMF) lowered its growth forecast for the U.S. economy to 1.6 percent from 2.2 percent this year. Ten of the 11 major S&P 500 indexes were down, with the rate-sensitive telecom services and utilities taking the biggest hit. Apple rose nearly 1 percent to $113.61 and was the top influence on the three major indexes.
  
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• USD/JPY Technical Analysis: Is This The Pre-Helicopter Money Run Up?

  04-10-2016 16:55
  USD/JPY Continues to hover around 100, and given the lack of boost by the BoJ, only the USD can keep USD/JPY from falling to 2016 lows.
  
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• Canada stocks seen adding to rally in 2017: Reuters poll

  04-10-2016 16:31 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - Canada's main stock index is expected to extend this year's hefty gains in 2017, a Reuters poll found, although stock market strategists said they are concerned about the outcome of the U.S. election and potential threats to global trade. "I worry the markets have totally mispriced political risk in the U.S.," said Colin Cieszynski, senior market analyst at CMC Markets Canada. A win for Republican U.S. presidential candidate Donald Trump would add to protectio
  
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• UPDATE 2-Sarepta partners with UK's Summit on Duchenne drugs

  04-10-2016 16:19
  
  Oct 4 (Reuters) - Sarepta Therapeutics Inc licensed
  the European rights for Summit Therapeutics Plc'sDuchenne muscular dystrophy drug, looking to build on its lead
  in treating the fatal...
  
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• Tech stocks, Deutsche Bank lift Wall Street

  04-10-2016 16:09 via news.yahoo.com
  
  Wall Street edged higher on Tuesday morning, helped by a rise in technology stocks and a rebound in Deutsche Bank. The S&P 500 technology index rose 0.43 percent, boosted by a 1.2 percent rise in Apple and a 0.6 percent rise in Google parent Alphabet. The benchmark S&P 500 index has been swinging between gains and losses in the past few days as investors await the upcoming corporate earnings season and the outcome of a tight race for the White House.
  
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• MIDEAST STOCKS-Telecoms help Saudi rebound, rest of region quiet

  04-10-2016 15:52 via news.yahoo.com
  
  * Saudi telecoms buoyed by hopes for regulatory change * Advanced Petrochemical climbs after Q3 earnings * But Saudi trading volume shrinks * Dubai sluggish after bearish technical move * EFG Hermes continues surge in Egypt By Andrew Torchia DUBAI, Oct 4 (Reuters) - Strong telecommunications shares helped Saudi Arabia's stock market rebound on Tuesday after steep losses due to the kingdom's austerity policies, while most other Gulf markets moved little. The Saudi stock index, which had dropped 3
  
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• Nespresso temporarily halts coffee operations in South Sudan

  04-10-2016 15:26 via news.yahoo.com
  
  Nestle's Nespresso brand said it had halted coffee operations for now in South Sudan, where opposition leader Riek Machar has called for a return to war against the government. "We had to temporarily suspend our operations in the country. It is the third time this happened since we started working there," Nespresso spokeswoman Jacquelyn Campo said on Tuesday, confirming a report in the Wall Street Journal (WSJ).
  
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• U.S. election, rate outlook to curb Wall Street gains this year: Reuters poll

  04-10-2016 15:23 via news.yahoo.com
  
  Uncertainty surrounding the U.S. presidential election, expectations for higher interest rates and weak corporate earnings will keep U.S. stocks from advancing much in the fourth quarter, according to strategists in a Reuters poll. The benchmark S&P 500 index will end the year at 2,173, according to the median forecast of 40 strategists polled by Reuters over the past week. Strategists were more optimistic than they were in July, shortly after Britain's vote to leave the European Union.
  
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• S&P 500 Technical Update: Trading Between the Lines

  04-10-2016 14:57
  Daily ranges expanding, price overall converging, lines of influence continue to be in focus until a break occurs.
  
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• Gold Prices Decline for 6th Session

  04-10-2016 14:35
  Gold prices continue to decline ahead of this week’s NFP announcement.
  
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• GBP/USD at Fresh Lows Post-Brexit Vote as Reality Crashes Down

  04-10-2016 13:47
  The British Pound has hit fresh yearly lows versus the Euro and the US Dollar today.
  
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• UPDATE 2-South Africa's Sibanye Gold shuts mine after union violence

  04-10-2016 13:39
  
  JOHANNESBURG, Oct 4 (Reuters) - Work at South African miner
  Sibanye Gold's Cooke mine has been suspended after two
  members of the National Union of Mineworkers were left in a
  critical condition after...
  
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• Silver Prices: Long-term Support Zone in Focus, Gold Teetering

  04-10-2016 12:50
  Silver and gold at key inflection points and need to to turn up soon.
  
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• Britain's FTSE tops 7,000-point level, mid-caps hit record high

  04-10-2016 10:53
  
  LONDON, Oct 4 (Reuters) - Britain's FTSE 100 indexrose above the 7,000-point level for the first time since May
  2015 on Tuesday while mid-caps hit an all-time high after
  sterling fell following...
  
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• DAX: Adding to Friday’s Surge Despite No Confirmed Deutsche Deal

  04-10-2016 10:51
  Massive gap down rally on Friday came from important support, tilts momentum upward.
  
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• MIDEAST STOCKS-Telecoms help Saudi rebound, rest of Gulf consolidates

  04-10-2016 10:06 via rocketnews.com
  
  DUBAI, Oct 4 (Reuters) – Strong telecommunications shares helped Saudi Arabia’s stock market rebound early on Tuesday after several days of losses, while other Gulf markets moved little.
  The Saudi stock index, which has been tumbling because of concern about the impact of government austerity measures on the economy, gained 0.8 percent in the first 45 minutes of trade.
  The main boost came from unusually heavy trade in the telecommunications sector, after the government said at the w
  
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• UPDATE 2-AstraZeneca cuts Brilinta sales hopes on artery disease failure

  04-10-2016 10:02
  
  * Drugmaker sells rights to Toprol-XL for up to $223 mln(Adds executive interview, latest shares)
  
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• South Africa's rand softer against firmer dollar

  04-10-2016 09:25 via news.yahoo.com
  
  JOHANNESBURG (Reuters) - South Africa's rand was slightly weaker against the greenback on Tuesday, mainly reflecting dollar strength after an upbeat U.S. manufacturing report. * Rand at 13.6700 to the dollar by 0652 GMT, down 0.55 percent from Monday's close at 13.5950. * Yield on 2026 benchmark government bond dips 1.5 basis points to 8.57 percent. * Blue chip futures index inches up just 0.02 percent, signalling flat start for stock market at 0700 GMT. (Reporting by Stella Mapenzauswa; Editing
  
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• MIDEAST STOCKS-Saudi stock market may rebound as oil holds over $50

  04-10-2016 07:48 via news.yahoo.com
  
  Saudi Arabia's stock market may rebound moderately on Tuesday after Brent crude oil held firm over $50 a barrel overnight and the index closed well off its intra-day low on Monday, even though its finish was the lowest since March 2011. NCB Capital said in a note that the outlook for the Saudi petrochemical sector was "positive" because of last week's OPEC agreement to cut oil production and the sector's international exposure, which protected it from a weakening domestic consumer economy. Any r
  
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• UPDATE 1-China's Rifa makes $148 mln bid for New Zealand's Airwork Holdings

  04-10-2016 07:44
  
  WELLINGTON, Oct 4 (Reuters) - Chinese investment company
  Zhejiang Rifa Holding Group has made a NZ$203 million ($148
  million) bid to acquire majority control of New Zealand's
  Airwork Holdings...
  
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• Asian shares rise despite Wall Street losses

  04-10-2016 06:54 via news.yahoo.com
  
  Most Asian markets were in positive territory on 4 October, as investors shrugged off a negative handover from Wall Street. US stocks lost ground overnight, with the Dow Jones and S&P 500 share averages both easing 0.3%. This was despite the Institute of Supply Management's manufacturing purchasing managers' index (PMI) rising to 51.5 in September from 49.4 in August, indicating that the US factory sector rebounded.
  
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• AUD/USD Little Changed as RBA Opts for Status Quo Post Rate Cut

  04-10-2016 06:32
  The Australian Dollar showed a tepid reaction against its major counterparts after the Reserve Bank of Australia left rates unchanged as expected, following the cut in August.
  
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• CORRECTED-China's Rifa makes $148 mln bid for New Zealand's Airwork Holdings

  04-10-2016 05:39
  
  WELLINGTON, Oct 4 (Reuters) - Chinese investment company
  Zhejiang Rifa Holding Group has made a bid to acquire majority
  control of New Zealand's Airwork Holdings Limited,
  sending shares in the...
  
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• Asian shares wobble, dollar firms after upbeat U.S. data

  04-10-2016 02:51 via news.yahoo.com
  
  By Lisa Twaronite TOKYO (Reuters) - Asian shares wobbled on Tuesday after fading hopes for a reduced Deutsche Bank fine and rising expectations of a U.S. interest rate hike pressured Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan was slightly higher in early trading, while Japan's Nikkei stock index gained 0.6 percent as the dollar rose against the yen. U.S. shares slumped overnight, with shares of Deutsche Bank resuming their slide as hopes faded that Germany's largest
  
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