Mark Carney’s press conference and the Bank’s quarterly inflation report were the key events of the week for the pound. They both certainly lived up to expectations as the currency rallied strongly on the back of new forecasts made in the report and Mark Carney’s appearance. Going into the conference, the key question was what […]
Homeserve (HSV.L) the home emergency repair company today announced it had agreed to pay a fine of £30.6million to the FCA in relation to regulatory non compliance issues which have occured historically at the company. Homeserves issues mainly related to sales and marketing and problems with complaints handling procedures over the last 2 years. The […]
February 13, 2014 – Forex News Hot Asset For Today: EUR/USD The EUR/USD pair decreased yesterday to almost 1.3560. The downwards movement was caused by European Central Bank Executive board member Benoit Coeure who said that a negative deposit rate is “a very possible option”. Following the announcement, the Euro immediately depreciated against major peers. […]
February 13, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold has continued its movement up for the 4th day in a row and again touched new 3-months maximum. The price climbed to $1,296/ounce where reversed. However, we should be careful with buying positions. Gold which is consider to be a safe […]
February 13, 2014 – Forex News Hot Asset For Today: EUR/USD The EUR/USD pair decreased yesterday to almost 1.3560 area. The movement down was caused by European Central Bank Executive board member Benoit Coeure who said that negative deposit rate is “a very possible option”. With that announcement Euro immediately depreciated against major peers. Mario […]
Intraday technical levels: R3: 1.3734 R2: 1.3693 R1: 1.3643 PP: 1.3602 S1: 1.3552 S2: 1.3511 S3: 1.3461 Trading recommendations: The market opened below the daily resistance today. Also, it should be noted that the resistance is set at the level of 1.3734 as strong level on February 13-14, 2014. Additionally, the EUR/USD pair hit the […]
Australian employment disappoints again Morning Report: 08.30 London • This morning, financial markets are on the back foot as US markets lost momentum overnight. The US dollar index is once again slipping lower as Yellen’s commitment to quantitative easing sinks in. • Elsewhere, the Australian dollar is under isolated pressure with the AUD/JPY down 1.01% […]
February 13, 2014 – Daily Market News Today’s Hot Assets: EUR, USD Stocks have been gaining following Yellen’s accommodative stance on monetary policy. She stated that asset purchases are not on a pre-set course and the economy still needs to improve further. Investors locked in gains yesterday and stocks closed slightly lower. At the close […]
World’s largest PC maker Lenovo Group Ltd. said its earnings escalated to 30% to $265m (or £159m) in its 3rd quarter net profit on higher sales of laptops and mobile devices. The Chinese company’s revenues bounced by 15% to $10.8 billion, which is led by China’s sales. However, Lenovo warned its future profit would be negatively impacted by […]
Gold futures dived in electronic trade on Thursday, withdrawing from its six-session advance as part of a wide retreat in the metals complex. Gold to be delivered in April dropped $5.60 or 0.4%, to $1,289.40 per ounce, wiping out its $5.20 gain in Wednesday’s New York Mercantile Exchange trading session. March silver receded by 14 cents or 0.7%, […]
Prices of natural gas futures banged higher on Thursday before the data that might show a weekly draw down for the fuel, while crude-oil futures moved back from the $100 per barrel level. In electronic trading, March natural gas increased 10 cents or 2%, to $4.91 per million British thermal units. The move came prior to the scheduled release […]
The Asian stocks plunged, following the regional gauge index advanced on the sixth day yesterday to cap its longest winning streak this year. Asahi Group Holdings Ltd. slipped 3.2% in Tokyo after Japan’s second largest beer maker’s profit forecast failed to meet estimates. Tokyo Tatemono Co. slid 13% after the developer postulated a full year operating profit below analyst […]
The US stocks edged lower on Wednesday, ending its four-day winning streak for the Dow industrials as the last week’s rebound ran out of steam. The Dow Jones Industrial Average missed 30.83 points or 0.2%, to 15963.94. The S&P 500 dived 0.49 point or less than 0.1%, to 1819.26. The Nasdaq Composite Index moved relatively better, profiting 10.24 points […]
EURGBP is in a downward channel since falling from the July 2013 high (0.8767) to the January low (0.8167). The pair has been hovering just above this low for the past three weeks and any upside moves have met resistance provided by the 23.6% Fibonacci retracement level of the July-January down-leg. The upper channel line […]
Google continues to fascinate consumers and investors around the world as a truly one of a kind company. Here’s a short video we made about it: Click to buy Google stock What are your thoughts about Google and Google’s stock? Have your say in the comments! The post 30 seconds on Google appeared first […]
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Overnight losses in Asian markets sparked by a loss of momentum on Wall Street weighs on European prices this morning together with a damp set of earnings from leading blue-chips in the region. In the US Wednesday, stock markets pared gains despite the US policymakers agreeing on lifting the debt ceiling until March 2015 as […]
The Australian dollar tumbled across the board following weak jobs data. The Australian economy lost 3,700 jobs in January, which came on top of a slight downward revision in December’s figures. This resulted in raising the unemployment rate to the highest level since July 2003, at 6%. The data disappointed economists who expected a rebound […]
Forex trading caused the USD/JPY to rise modestly on Feb. 11, after global market participants reacted to the testimony that Janet Yellen provided when speaking with Washington lawmakers. The greenback rose to as much as 102.71 yen during the session, according to Reuters. This figure compared to the exchange rate of 102.33 that was obtained […]
According to the World Gold Council, Central banks added 37.3 tonnes of gold in December. Yellen’s testimony made gold move higher. Gold successfully crossed resistance, at the level of 1,294.0. Gold continues its rally for the sixth day. This is the first rally in a row of six trading days in 2014. We can expect […]
When the European market opens, some economic news will be released such as ECB Monthly Bulletin, German Final CPI m/m.The US will release the economic data too such as the US-30-y Bond Auction, US-Natural Gas Storage, US-Business Inventories m/m, US-Business Inventories m/m, US-Unemployment Claims, US-Retail Sales m/m, US-Core Retail Sales m/m, so amid the reports, […]
In Asia, Japan will release the CGPI y/y and the US will release some economic data such as US-30-y Bond Auction, US-Natural Gas Storage, US-Business Inventories m/m, US-Business Inventories m/m, US-Unemployment Claims, US-Retail Sales m/m, US-Core Retail Sales m/m. So there is a big probability the USD/JPY will move with low volatility during the Asian session, […]
European markets have opened lower today, as investors preferred to book profits following a week-long rally and ahead of earnings release from several big European companies. Earlier today, the Royal Institution of Chartered Surveyors (RICS) revealed that the house price balance index in the UK eased to 53 in January from 56 in December. Later […]
Technical outlook and chart setups: 1. The EUR/JPY reversed from expected levels around 140.00, respecting the falling trend line resistance. The short positions initiated earlier could be held for further downside expectations. Risk remains at 142.00. 2. Immediate resistance is at 142.00, followed by 143.00 and 145.50, while supports are spread through 134.00, 131.00 and […]
Technical outlook and chart setups: 1. The GBP/CHF rose past the trading range and broke higher yesterday. Trading at around 1.4950 levels at the moment, the setup still favors bears to take control back. As seen here, the pair has retraced up to 0.618 fibonacci resistance at 1.4950. It is expected to reverse from here […]
USDJPY The pair went through a correction after a tremendous rally towards the 105 levels from June’s lows. The price was holding the 38.2 fib level and consolidating for three consecutive days, then started moving higher again. In the daily and hourly charts RSI gave a buy signal. But the price is facing resistance near […]
We are recommending a buy call in this pair from January. It made a high at the level 0.9156 and started correcting. In the daily chart, RSI favour longs. Continuously, the pair was holding the 0.89 levels. It forms a good base around that levels. In Asia’s trading session the pair is trading at the […]
Technical outlook and chart setups: 1. Silver again fails to break through the $20.50 region as seen here. It is hence recommended to book profits on long positions now. Aggressive trade setups would be to initiate short positions with risk at $20.75. 2. Immediate intermediary resistance is at 20.50, followed by $21.00 and higher up, […]
Technical outlook and chart setups: 1.Gold took out yet another resistance at $1,293.00/94.00 yesterday. It is expected that the metal reacts here in a bearish way. Please note that the fibonacci 0.618 resistance of the entire downswing from $1,360.00 to $1,182.00 is at the current price. A bearish reaction here would result in a pullback […]
EUR/USD: The recent bullish signal on this pair has been put in serious jeopardy, but the Bullish Confirmation Pattern is not over yet. The price needs to maintain its presence below the support line at 1.3550 before it can be said that the bullish signal is over. It is very much likely for the pair […]
