Analyst news

• Wall Street rallies, 'political intrigue' boosts euro stocks

  21-11-2016 23:29 via news.yahoo.com
  
  Wall Street hit a trifecta of record finishes Monday on all the major stocks indices while the weekend's fast-paced "political intrigue" in Europe sent equities there higher as well. Rising oil prices saw energy stocks spike, helping push the major indices higher in New York. The tech-heavy Nasdaq gained 0.9 percent, the broad-based S&P 500 rose 0.8 percent and the Dow Jones Industrial Average of blue-chip stocks was up 0.5 percent.
  
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• Amazon explores live sports streaming: WSJ

  21-11-2016 22:31 via news.yahoo.com
  
  (Reuters) - Amazon.com Inc is exploring live sports streaming and has held talks with leagues including the National Basketball Association, Major League Baseball and the National Football League for live game rights, the Wall Street Journal reported, citing sources.
  
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• Oil rally propels Wall Street to record

  21-11-2016 22:21 via news.yahoo.com
  
  Comments by Russian President Vladimir Putin that raised expectations major oil producing countries could reach a deal to limit output at a meeting next week also spurred the jump in oil prices. "The post-election rally is continuing," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
  
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• Wall Street stock indexes close at record highs

  21-11-2016 22:09 via news.yahoo.com
  
  (Reuters) - All three major U.S. stock indexes finished at record highs on Monday, extending the market's post-election rally as energy and other commodity-related shares gained and Facebook led a jump in technology.
  
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• Tyson Foods shares dive on CEO departure, dim 2017 forecast

  21-11-2016 21:41 via news.yahoo.com
  
  Smith's departure surprised some on Wall Street, who regard him as the company's most successful CEO. Shares of Tyson have more than quadrupled since Smith became CEO seven years ago. "It has been the best period of Tyson's history, without doubt," said Ramey, adding that it is unusual for a company to part with its best CEO.
  
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• USD/CAD Pullback Eyes Key Support Zone Ahead of Canada Retail Sales

  21-11-2016 20:51
  A reversal off resistance last week shifts the focus to key structural support. Here are the updated targets & invalidation levels that matter into the release.
  
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• CAC 40 Continues Holding Pattern

  21-11-2016 20:34
  The CAC 40 continues in a consolidation pattern, ahead of an empty economic calendar.
  
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• Who’s Being Left Behind by the Stock Market’s Trump Trade?

  21-11-2016 19:58 via news.yahoo.com
  
  On the surface, stocks can hardly contain their excitement in the wake of Donald Trump's surprise electoral victory. The Dow Jones Industrial Average and the Russell 2000 small-cap index have both gone vertical, enthused by the promise of Trump's aggressive fiscal stimulus plans, including deep tax cuts, boosted defense spending and pro-business initiatives such as a possible repatriation holiday to encourage the re-shoring of foreign earnings.
  
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• Oil rally helps lifts world equities; Wall Street at record

  21-11-2016 19:58 via news.yahoo.com
  
  The gains were also helped by comments by Russian President Vladimir Putin that raised expectations major oil producing countries could reach a deal to limit output at a meeting next week. Among U.S. equities, the S&P energy index gained 2.1 percent as the top-performing sector, helping to push the benchmark S&P 500 index above its intraday record of 2,193,81 set on Aug. 15.
  
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• Oil rally helps lifts equities; Wall Street at record

  21-11-2016 19:55 via news.yahoo.com
  
  The gains were also helped by comments by Russian President Vladimir Putin that raised expectations major oil producing countries could reach a deal to limit output at a meeting next week. Among U.S. equities, the S&P energy index gained 2.1 percent as the top-performing sector, helping to push the benchmark S&P 500 index above its intraday record of 2,193,81 set on Aug. 15.
  
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• Why Trump May Leave the Federal Reserve Alone – for Now

  21-11-2016 19:03 via news.yahoo.com
  
  During his run for the presidency, Donald Trump made the Federal Reserve a frequent target of his criticism, suggesting that the independent central bank was keeping interest rates low only as a political gesture to President Barack Obama. Trump declared that the stock market was in an over-inflated “bubble” driven by Fed policies, and said Fed Chair Janet Yellen’s decisions have been “political” and not based on good policy. The overt politicization of the country&
  
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• Wall Street at record highs as techs, energy stocks rally

  21-11-2016 19:01 via news.yahoo.com
  
  (Reuters) - The Dow, S&P 500 and the Nasdaq hit record intraday highs on Monday as Apple and Facebook propelled technology shares and oil prices boosted energy stocks.
  
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• USD/CAD Technical Analysis: Clean Corrective Channel Above Key Support

  21-11-2016 18:55
  President-Elect Donald Trump’s Comments on Monday puts large question marks around Trade Partners of the U.S. and may validate the direction of USD/CAD.
  
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• GBP/USD Technical Analysis: Bullish Despite USD’s 13-Year Highs

  21-11-2016 18:53
  The U.S. Dollar has been running rampantly-higher of recent, but one currency pair of note has not been playing along. GBP/USD is continuing to show bullish price action indications, but how might traders approach such a situation?
  
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• Goldman Sachs drops out of R3 research consortium but will not abandon blockchain

  21-11-2016 18:47 via news.yahoo.com
  
  Global finance and investment firm Goldman Sachs has reportedly dropped out of the R3 blockchain consortium after choosing not to renew its membership on 31 October. The firm was one of the founding members of R3 – a distributed ledger technology (DLT) venture that leads a group of over 70 major financial institutions in conducting research and development into how blockchain can be used to advance traditional banking. Goldman Sachs will continue to work with and develop its own DLT techno
  
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• USD/JPY Technical Analysis: Yield Curve Control from BoJ Gets Its Wings Early

  21-11-2016 18:45
  BoJ Benefits From Sell-Off In Global Sovereigns That Gives JPY A Path Toward Further Declines Against Strong Currencies Like The USD
  
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• China’s Market News: Regional Contraction Threatens the Economy

  21-11-2016 18:41
  Yuan rates have dominated Chinese headlines recently; however, other risks are worth to keep an eye on as well.
  
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• Crude Oil Price Forecast: Open Interest & Call Volume Surge Ahead of OPEC

  21-11-2016 18:35
  The Options Market Is showing high anticipation for preliminary headlines coming from the OPEC members today ahead of the Vienna meeting.
  
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• COT-Copper Traders Lose their Minds

  21-11-2016 18:35
  The parabolic rise in copper has given way to consolidation. At least several more weeks of sideways trade may need to take place in order to work off a crowded market. Longer term prospects remain positive.
  
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• Ex-S&P executive goes on trial before SEC over mortgage bond ratings

  21-11-2016 18:23 via news.yahoo.com
  
  The U.S. Securities and Exchange Commission on Monday took a former Standard & Poor's executive to trial over claims that she engaged in a fraud that inflated ratings of commercial mortgage-backed securities. At the start of an administrative trial in Manhattan, SEC lawyer Stephen McKenna said Barbara Duka, the former head of S&P's commercial mortgage-backed securities group, failed to disclose to investors a change she made in 2011 in how her team calculated ratings.
  
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• What’s Your Stock Market IQ? Take This Test

  21-11-2016 17:45 via rocketnews.com
  
  Watch the video of ‘What’s Your Stock Market IQ? Take This Test’ on MoneyTalksNews.com.
  Stock market investing can play a crucial role in life, especially if you’ll be depending on savings to keep you afloat during your retirement years.
  The longer we live, the more money we’re going to need, and stocks, while risky, can provide better returns than other types of investments. Yet many of us don’t understand the basics of stock investing.
  “By and large,
  
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• S&P, Dow eye record; techs boost Nasdaq to all-time high

  21-11-2016 17:42 via rocketnews.com
  
  By Yashaswini Swamynathan
  (Reuters) – The Nasdaq hit a record intraday high on Monday, while the S&P and the Dow were within a hair’s breadth of their all-time highs, helped by a jump in technology shares and as a surge in oil prices boosted energy stocks.
  The three major indexes have rallied since the U.S. election as investors bet Donald Trump’s policies would be market friendly. The Dow hit a record intraday high last week.
  Oil prices jumped 3.45 percent to a near three
  
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• Webinar: FX Majors in Focus as USD Rally Dissipates

  21-11-2016 17:21
  Webinar highlighting featured setups we're tracking into the shortened holiday week. Here are the updated targets & invalidation levels that matter.
  
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• USD/JPY Continues to Carve Higher Highs & Lows; May High in Sight

  21-11-2016 17:15
  The near-term series of higher highs & lows may push USD/JPY back towards the May high amid the pickup in risk appetite paired with bets for a December Fed rate-hike.
  
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• Traders Remain Short the US Dollar versus the Yen – What’s Next?

  21-11-2016 16:55
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the USDJPY may continue higher.
  
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• S&P 500 Poised to Hit Record Highs

  21-11-2016 16:55
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the SPX500 may continue higher.
  
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• Retail FX Traders Buy Aggressively into Euro Weakness

  21-11-2016 16:55
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the EURUSD may continue lower.
  
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• Gold Prices Outlook Calls for Further Weakness

  21-11-2016 16:55
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the XAUUSD may continue lower.
  
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• Australian Dollar Likely to Hit Fresh Lows

  21-11-2016 16:55
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the AUDUSD may continue lower.
  
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• Nasdaq hits record high as Wall Street rises with oil prices

  21-11-2016 16:01 via news.yahoo.com
  
  Wall Street rose on Monday morning, with the Nasdaq hitting a record intraday high, helped by a jump in technology shares and as higher oil prices boosted energy stocks. The three indexes have rallied since the U.S. election as investors bet Donald Trump's policies would be market friendly. Oil prices jumped 3.2 percent to a near three-week high of $48.30 per barrel amid hopes of the OPEC reaching an agreement to cut output.
  
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• USD/JPY Bullish Advance Halts

  21-11-2016 15:51
  The USD/JPY retreats off of daily highs, as today's trading settles into a developing range.
  
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• BSE launches AI mechanism to track news related to listed companies

  21-11-2016 15:48 via news.yahoo.com
  
  Mumbai, Nov 21 (IANS) Stock market major BSE on Monday said it has launched an artificial intelligence mechanism to track "news related to listed companies" on digital media. According to BSE, the artificial intelligence mechanism based on a systemic solution has been envisaged to deepen its regulatory oversight on newer channels of communication. "The primary objective of verification is that the mechanism will detect and mitigate potential risks of market manipulation, rumour, and reduce infor
  
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• Euro Facing French Political Upheaval, but It’s Not All Negative

  21-11-2016 15:00
  Another election in which the establishment was polled to win; another election where pollsters are wrong. The Euro has adjusted to this reality already after Brexit and the US Presidential elections, though.
  
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• Wall Street set to open higher, boosted by oil prices

  21-11-2016 14:58 via news.yahoo.com
  
  Wall Street looked set to open higher on Monday, with the three major indexes hovering near record levels, supported by higher oil prices and the lingering effects of the post-election rally. Oil prices rose about 2.8 percent to a near three-week high of $47.87 per barrel amid hopes of the OPEC reaching an agreement to cut output. The three major U.S. indexes are near record highs, rallying since the U.S. election as investors bet President-elect Donald Trump's policies would be market friendly.
  
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• EUR/USD, USD/JPY and GBP/USD Price Action Setups

  21-11-2016 14:52
  Dollar-strength appears to finally be catching a breather to open the week, but the massive recent move has created reverberations in many major currencies. Today, we look at three of the more pertinent USD-pairings.
  
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• British Pound Bounces from Lows as UK’s Hammond Readies Autumn Statement

  21-11-2016 13:20
  The British Pound looks vulnerable ahead of the Autumn Statement while ‘hard Brexit’ talk continues to come out of Europe.
  
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• Silver Prices Trading in the Middle of An Air Pocket

  21-11-2016 12:07
  Silver trades below resistance and has nothing to the left until around the 16 mark.
  
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• DAX Technical Update: Short-term Levels & Chart Pattern(s) in Play

  21-11-2016 11:03
  The German index is on the verge of breaking down out of a bearish pattern, but need to wait for confirmed break first.
  
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• AUD/USD Technical Analysis: Ready to Drop Below 0.73?

  21-11-2016 10:48
  The Australian Dollar has dropped to the lowest level in nearly five months against its US counterpart, unmoored in the aftermath of the US presidential election.
  
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• US Dollar Digests Gains, Awaits News on Trump Economic Team

  21-11-2016 08:47
  The US Dollar retraced after marking the longest win streak in three years. News on who will lead President-elect Trump’s economics team may reignite momentum.
  
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• MIDEAST STOCKS-Abu Dhabi recovers, Saudi petrochemicals buoyed by oil bounce

  21-11-2016 08:45 via news.yahoo.com
  
  DUBAI, Nov 21 (Reuters) - Abu Dhabi's stock market index rebounded in early trade on Monday as some of banking stocks which were sold off in the previous session recovered, while Saudi Arabia rose as oil prices firmed. Abu Dhabi's index rose 0.9 percent after falling 1.7 percent on Sunday. Abu Dhabi Commercial Bank climbed 3.2 percent and Abu Dhabi Islamic Bank rose 0.3 percent. On Sunday, Union National Bank dropped 5.2 percent and ADCB lost 2.7 percent after both lenders issued separate statem
  
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• Asian markets trade mixed as dollar strength eases and oil prices rise

  21-11-2016 07:22 via news.yahoo.com
  
  While Asian stock market indices were trading mixed on Monday (21 November), the Shanghai Composite was up 0.78% at 3,217.55 as of 5.11am GMT. This followed an easing in the strength of the US dollar and a surge in oil prices.
  
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• Gold Price Volatility May Return on Trump Cabinet News

  21-11-2016 06:14
  Gold prices are stalling after dropping to the lowest level in nearly six months but volatility may return in short order as US President-elect Trump fills out his cabinet.
  
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• Iraq to offer three proposals to implement OPEC production cut - WSJ

  21-11-2016 04:11 via news.yahoo.com
  
  Iraq will offer three new proposal at the upcoming OPEC meeting in Vienna to implement oil output cut, the Wall Street Journal reported on Sunday, citing Iraqi Oil Minister Jabbar Ali al-Luaibi. The options will be consistent with OPEC policy and will bolster the unity of the group, the Journal reported citing Luaibi. The Iraq oil ministry was not immediately available for comment.
  
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• Symantec agrees to buy LifeLock for $2.3 billion in cash: media

  21-11-2016 03:12 via news.yahoo.com
  
  (Reuters) - Computer security software manufacturer Symantec Corp. will acquire LifeLock Inc. for $2.3 billion in cash, according to a tweet from CNBC, citing Dow Jones. The Wall Street Journal also reported the deal for $2.3 billion, a 16 percent premium on LifeLock's Friday closing share price, citing a person familiar with the matter. (Reporting by Dion Rabouin; Editing by Sandra Maler)
  
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• USD/JPY Keeps Climbing as Japanese Trade Data Disappoints

  21-11-2016 03:01
  The Yen is still focused on events in the US and a generally stronger US Dollar. A steady Japanese trade picture didn’t change things.
  
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