• Analytics
  • News and Tools
  • Market News

Market News

ATTENTION: The content in the news and analytics feed is updated automatically, and reloading the page may slow down the process of new content appearing. We recommend that you keep your news feed open at all times to receive materials quickly.
Filter by currency
01.03.2011
19:52
Dow -144.18 at 12082.16, Nasdaq -46.22 at 2736.05, S&P -18.81 at 1308.41


This afternoon's steady descent continues to take stocks deeper into negative territory. The S&P 500 is still well above last week's low near 1294, though.
Widespread weakness among stocks and increased volatility has taken Treasuries into higher ground so that the benchmark 10-year Note is now up about five ticks. The yield on the Note is now just above 3.40%.

19:15
Dow -121.89 at 12104.45, Nasdaq -36.94 at 2745.33, S&P -15.24 at 1311.98

Stocks continue to trade with weakness. Broad pressure has even kept many automakers in the red, despite strong monthly sales results. Ford Motor (F 14.68, -0.37) said that its U.S. retail sales for February increased by 23%. Chrysler reported a 13% annual increase in February sales. General Motors (GM 32.64, -0.77) reported a 49% year-over-year surge in February auto sales. Nissan Motor (NSANY 20.62, +0.22) reported U.S. sales for February increased almost 32% year over year.

18:41
American focus: dollar remains under pressure

The dollar fell against most of its major counterparts as Federal Reserve Chairman Ben S. Bernanke said rising oil and commodity prices probably won’t boost broader inflation and interest rates will likely remain low.
Experience with price gains in recent decades, along with currently stable labor costs, suggests a “temporary and relatively modest increase in U.S. consumer price inflation,” Bernanke told the Senate Banking Committee in his semiannual monetary policy testimony.
Bernanke reiterated the Fed’s outlook that while growth will accelerate this year, he still wants to see a “sustained period of stronger job creation.”
“The prepared comments aren’t nearly as dovish as we’ve heard in the past,” said Kathy Lien, director of currency research at online currency trader GFT Forex in New York. “The Federal Reserve is still looking beyond the temporary impact of inflation and oil prices, which is not something we can say for central banks in Europe.”
The euro gained versus the dollar as the European Commission raised its growth forecast and said inflation may stay above the European Central Bank’s limit for most of 2011.
“The market is pretty focused on inflation and central bank reaction,” said Jessica Hoversen, a Chicago-based analyst at the futures broker MF Global Holdings Ltd. “Unless we can see short-term rates heading higher in anticipation of Fed reaction, the dollar could trend lower.”
The dollar briefly erased losses against the euro after the Institute for Supply Management’s factory index increased to 61.4. from 60.8 in February, the Tempe, Arizona-based group said today. Readings greater than 50 signal growth.
The ISM’s measure of new orders in the U.S. rose in February to 68, the highest since January 2004, from 67.8. The employment gauge jumped to 64.5, the highest since January 1973, from 61.7 in the prior month.

18:39
Dow -82.65 at 12143.69, Nasdaq -29.00 at 2753.27, S&P -11.84 at 1315.38

The S&P 500 has offered technical support at the 1315 line, which is where stocks continue to sit. Amid the increasingly widespread weakness, eight of the 10 major sectors are in the red -- five of them are down by more than 1%. Consumer staples (+0.2%) and health care (unch.) are the only two sectors not in the red.
Treasuries haven't made much of a move in response to the stock market's slip. Instead, the benchmark 10-year Note is still down with a slight loss.
However, precious metals have attracted safety seekers. In turn, gold prices are up 1.3% to $1428 per ounce while silver prices are up 2.0% to $34.48 per ounce.

17:51
Spot gold posts new 2011 high of $1430.61
16:43
Pierpont Sec says mfg "economy is extremely strong... expect robust real GDP growth (well over 4%) in H1:2011."
16:00
FED: Bernanke said over next few mos can judge where econ is and can judge if can withdraw stimulus
15:36
FED: Bernanke said fuel prices are not yet a signif risk.
15:16
ISM: the data show another great month, demand is getting better.
15:12
Bernanke's testimony reiterates FOMC
  • continues "to regularly review" QE and "will adjust it as needed";
  • "also continue to plan for the eventual exit."
15:07
US: Feb mfg ISM prices paid 82.0, new orders 68.0, employment 64.5.
15:02
US: Feb mfg ISM 61.4 vs 60.5 expected and 60.8 Jan.
14:24
Before the bell: Stocks look to start March with gains

U.S. stocks were poised to open higher Tuesday, extending gains from the previous session, as concerns about the Libya situation eased.
Despite a slight step back last week, stocks closed out February on an upbeat note - posting their third straight month of gains.
Overall, all three major indexes were up nearly 3% during the month, and have risen more than 5% since the beginning of the year.

Meanwhile, investors are looking ahead to the government's monthly payroll report on Friday, which will reveal how many jobs were created in February.
Economy: The Institute for Supply Management will release its manufacturing index at 15:00 GMT. It's expected to fall slightly to 60.5, which would still indicate expansion in the sector.
Federal Reserve chairman Ben Bernanke is due to give his semi-annual testimony on monetary policy to the Senate Banking Committee.
Treasury Secretary Tim Geithner is scheduled to testify before the House Financial Services Committee on the administration's plan for reforming America's housing finance market.
Companies: Ford (F, Fortune 500), General Motors (GM), Toyota (TM) and other automakers release their February sales figures starting at around 10:45 a.m. ET.

14:01
CANADA: Bank of Canada leaves key interest rates unchanged at 1.00%
13:56
EUR/USD holds tight

EUR/USD orbits $1.3820 ahead of the key events later in the day, including Bernanke testimony, as well as a sizeable option expiry at $1.3800. Flows light. Offers in place at $1.3860 ahead of stops, bids back at $1.3780/70.

13:39
GBP/USD under pressure

GBP/USD holds under pressure a bit higher bids between $1.6255/50. Rate retreated after printing session high on $1.6330. Rate currently trades around $1.6260. A break of $1.6250 to allow for a deeper move toward $1.6220. Resistance now seen in place between $1.6300/10.

13:15
EU session review: Yen, Swiss Franc weaken

Data released
07:00     UK     Nationwide house price index (February)    0.3%    -0.2%    -0.1%
07:00     UK     Nationwide house price index (February) Y/Y    -0.1%    -    -1.1%
08:45     Italy     PMI (February)    59.0    57.6    56.6
08:50     France     PMI (February)    55.7    55.3    54.9
08:55     Germany     PMI (February) seasonally adjusted    62.7    62.6    60.5
08:55     Germany     Unemployment (February) seasonally adjusted    -52K    -14K    -13K
08:55     Germany     Unemployment (February) seasonally adjusted, mln    3.069    -    3.135
08:55     Germany     Unemployment rate (February) seasonally adjusted    7.3%    7.4%    7.4%
08:55     Germany     Unemployment (February) seasonally unadjusted, mln    3.317    -    3.347
08:55     Germany     Unemployment rate (February) seasonally unadjusted    7.9%    -    8.0 (7.9)%
09:00     EU(17)     PMI (February)    59.0    59.0    57.3
09:30     UK     CIPS manufacturing index (February)    61.5    61.7    62.0
09:30     UK     M4 money supply (January) final    0.8%    -    -1.3%
09:30     UK     M4 money supply (January) final Y/Y    -1.7%    -    -1.5%
09:30     UK     Consumer credit (January), bln     -0.3    0.2    0.8 (0.2)
10:00     Italy     CPI (February) preliminary    0.3%    0.2%    0.4%
10:00     Italy     CPI (February) preliminary Y/Y    2.4%    2.2%    2.1%
10:00     Italy     HICP (February) preliminary Y/Y    2.1%    2.0%    1.9%
10:00     EU(17)     Harmonized CPI (February) Y/Y preliminary    2.4%    2.4%    2.3%
10:00     EU(17)     Unemployment (January)    9.9%    10.0%    10.0%

The yen and the Swiss franc weakened as economic reports from Japan to Sweden added to signs the global recovery is gathering pace, damping demand for safer assets.
Japan’s currency fell as the European Commission raised its growth forecast for 2011 and said inflation may stay above the European Central Bank’s limit for most of the year, boosting the appeal of higher-yielding securities.
The euro extended yesterday’s advance versus the franc amid speculation ECB President Jean-Claude Trichet will signal this week that policy makers are ready to raise interest rates.
Gross domestic product in the euro region may increase 1.6% this year, above an earlier forecast of 1.5% growth, the European Commission said today. Inflation will average 2.2%, the agency forecast, up from a November estimate of 1.8%. Inflation in the 17- nation bloc quickened to 2.4% last month from 2.3% in January, the European Union’s statistics office said today in a preliminary estimate.
Australia’s dollar climbed for a third day against the Japanese unit as a government report showed retail sales gained 0.4% in January from a month earlier. That beat the 0.3% median forecast in a survey.

EUR/USD printed session high on $1.3854, but failed to go further and retreated to $1.3823.

GBP/USD fell to $1.6255 after testing highs around $1.6323.

USD/JPY slowly weakened from Y82.25 to Y82.02.


US data starts at 1500GMT, when Federal Reserve Chairman Ben Bernanke gives his semi-annual monetary policy report to the Senate Banking Committee in Washington.
US data also heats up at 1500GMT, when ISM manufacturing data is expected to fall to 60.5 in February.
At the same time, construction spending is expected to fall 0.8% in January following the residential-related plunge in December. Housing starts rose sharply in the month, suggesting that residential construction rebound in the month.

12:44
CRUDE TECHS:

Daily studies show oil price is in overbought territory with initial support seen as the former resistance line from Aug 4 at $96.23 and the 38.2% Fibonacci of $83.85/103.41 at $95.93. The daily Bollinger band continues to widen, indicating further room for increased volatility. Initial res seen as the former 23.6% Fib of $83.85/103.41 at $98.79.

12:32
JPM ahead of Bernanke's speach

JPM expects Bernanke to make three main points:
1) the economic recovery is getting stronger
2) the Fed is still very far from its dual mandate and therefore accommodative policy for an extended period is still warranted
3) the Fed will ensure that inflation expectations remain well-anchored

12:09
BOE KING: Await with interest Q1 GDP
  • Try not to put too much weight on any one figure
  • Rebalancing means this recovery will be choppy
12:01
BOE WEALE: More worried vs other MPC on infl expectations
11:58
BOE KING: Fin mkts do not believe CPI increases to persist
  • MPC debate about speed of fall in CPI to target
  • Don't discuss monpol stance with Chancellor
  • MPC will not cut bank rate below 0.5%
  • Could use more QE if sluggish GDP threatened CPI target

 

11:57
BOE KING: Fin mkts do not believe CPI increases to persist
  • MPC debate about speed of fall in CPI to target
  • Don't discuss monpol stance with Chancellor
  • MPC will not cut bank rate below 0.5%
  • Could use more QE if sluggish GDP threatened CPI target

 

11:26
EU focus: Dollar feels the heat ahead of Bernanke testimony

The dollar struggled to regain its footing on Tuesday after a steep decline, while the euro held firm as investors bet the Federal Reserve will stick to its easing course even as the ECB talks of tightening.
Fed Chairman Ben Bernanke is expected to remain cautious about the economy at his semi-annual testimony before the Senate Banking Committee starting at 1500 GMT.
In the words of New York Federal Reserve Bank President William Dudley: "We're still very far from achieving our dual mandate of maximum sustainable employment and price stability."
This puts the Fed at odds with other major central banks, which are starting to worry about rising price pressure, and reinforces the view that the European Central Bank will probably hike rates before the Fed.
Bernanke's testimony could provide the impetus for more dollar-selling, said Andrew Robinson, FX market strategist for Saxo Bank. "If we get any indication that he is going to complete the QE2 measures all the way through...I think it is quite possible we will see further dollar weakness," he said, referring to the Fed's $600 billion bond-buying programme. If the dollar index drops below trendline support around 76.20 that roughly links its 2008, 2009 and 2010 lows, that could open the way for a further decline toward its 2010 trough of 75.631, Robinson added.
The common currency was further helped by calmer nerves after oil prices fell on expectations that increased production from Saudi Arabia can offset supply disruptions stemming from Libya's turmoil, and Wall Street ended firmer.
Markets are keeping a close eye on the outcome of the ECB's policy meeting on Thursday.
The Reserve Bank of Australia kept interest rates unchanged at 4.75% as had been widely expected. The central bank said the current monetary policy is appropriate and added that the global economy is continuing to expand.

11:12
GBP/USD probes bids

GBP/USD remains under pressure while correcting from earlier highs at $1.6330. Currently rate probes bid interest into $1.6270. Below $1.6270 to allow for a deeper move toward $1.6250.

10:55
EUR/USD holds higher

EUR/USD extends recovery to $1.3854, though holding shy of a retest of Monday's NY high at $1.3857. Rate currently trades back at $1.3840. Strong offers seen placed between $1.3857/62 (NY high and 2011 high Feb2). Stops noted through $1.3865/75.

10:35
FTSE +24.92 +0.42% 6,018.93, CAC +30.60 +0.74% 4,140.95, Dax +64.33 +0.88% 7,336.65
10:02
EMU DATA: Eurozone unemployment was below generally expected in January, with the jobless rate declining 0.1 point to 9.9%
09:45
Option expiries for today's 1500GMT cut

EUR/USD $1.3850, $1.3760, $1.3750, $1.3720, $1.3925, $1.3950
USD/JPY Y82.00, Y82.50, Y82.75, Y83.00, Y83.30, Y83.80
EUR/JPY Y113.00
AUD/JPY Y84.25
USD/CHF Chf0.9290, Chf0.9490
GBP/USD $1.6160
AUD/USD $1.0100, $1.0300
AUD/NZD NZ$1.3500

09:41
Asian session: The yen weakened

Data:
02:30 China HSBC Manufacturing PMI (Feb) 51.7
03:30 Australia RBA Interest Rate Decision (Mar) 4.75%

The yen weakened against all of its major counterparts as economic data in Asia and the U.S. added to signs the global recovery is gathering momentum, damping demand for safer assets.
Japan’s currency fell for a second day versus the euro as the economic data spurred gains in Asian stocks, boosting the appeal of higher-yielding securities. 
The euro completed a third monthly advance versus the dollar in February before the ECB, which has kept its key interest rate at 1 percent since May 2009, holds its next policy meeting on March 3.
ECB governing council member Mario Draghi said on Feb. 26 that inflation pressures are forcing policy makers to focus more on the timing of interest rate increases. The euro has gained 3.2 percent against the greenback this year amid prospects the ECB will precede the Federal Reserve in raising rates.
Fed Chairman Ben S. Bernanke is scheduled to deliver a semiannual report on monetary policy today to the Senate Banking Committee and is due to testify to the House Financial Services Committee tomorrow.

EUR/USD: the pair bargained within the limits of $1,3785-$ 1,1,3830.
GBP/USD: the pair become stronger in around $1,6320.
USD/JPY: the pair become stronger in around Y82,20.

At 1000GMT, the flash measure of EMU HICP is expected to come in at a reading of 2.4% y/y, while at the same time, the unemployment rate is expected to remain steady, at 10%. 
UK data continuess at 0928GMT with the PMI Manufacturing data for February, which is expected to edge lower, but remain at a reading of 61.0. This is followed at 0930GMT by BoE Lending to Individuals and Final M4 Data.
US data starts at 1245GMT with the weekly ICSC-Goldman Store Sales data, which is followed at 1355GMT by the weekly Redbook Average. The main event for Tuesday will likely be at 1500GMT, when Federal Reserve Chairman Ben Bernanke gives his semi-annual monetary policy report to the Senate Banking Committee in Washington. US data also heats up at 1500GMT, when ISM manufacturing data is expected to fall to 60.5 in February, continuing its upward trend. The regional data already released have pointed to continued expansion. At the same time, construction spending is expected to fall 0.8% in January following the residential-related plunge in December. Housing starts rose sharply in the month, suggesting that residential construction rebound in the month.
n other US events for Tuesday, Treasury Secretary Tim Geithner testifies on GSEs to the House Financial Services Committee, while auto-maker data is expected to show that domestic-made light vehicle sales rose slightly to a 9.5 million annual rate in February after rising slightly to 9.4 million in January. Seasonal factors are less accommodative than in January.

09:33
UK: Cips Feb mfg PMI 61.5
09:26
Forex: Monday's review

On Monday the dollar fell to its lowest since November on bets Federal Reserve Chairman Ben S. Bernanke will signal to Congress the central bank plans to maintain economic stimulus.
The euro rose against the dollar on speculation European Central Bank President Jean-Claude Trichet may indicate this week a readiness to increase borrowing costs. 
U.S. consumer spending rose less than forecast in January, accelerating 0.2%, data from the Commerce Department showed today. Another report showed European inflation stayed above the ECB’s 2% target for a second month in January.
An ECB governing council member, Mario Draghi, said on Feb. 26 that inflation pressures are forcing policy makers to focus more closely on the timing of future interest-rate increases.
The ECB, which has kept its key interest rate at 1% since May 2009, will hold its next policy meeting on March 3.
Bernanke is scheduled to deliver the Fed’s semiannual report on monetary policy tomorrow to the Senate Banking Committee and is due to testify to the House Financial Services Committee the following day. The Fed has kept its benchmark interest rate at zero to 0.25% since December 2008.
Crude oil for April delivery rose as much 2.1% to $99.96 a barrel in New York before trading at $97.88. It rose last week to $103.41, the highest level since September 2008.
Canada’s dollar reached a three-year high versus the greenback after a government report showed the nation’s economy grew at a 3.3% annual pace in the fourth quarter, more than economists forecast.
The currency was headed for a 2.7% rally this month before tomorrow’s meeting of the Bank of Canada, which has expressed concern that its strength may stall growth.

EUR/USD: the pair shown high in the field of $1,3680 then  decreased.
GBP/USD: on results of yesterday's session the pair  become stronger in around $1,6250.
USD/JPY: the pair bargained within the limits of Y81,60-Y82,00

At 1000GMT, the flash measure of EMU HICP is expected to come in at a reading of 2.4% y/y, while at the same time, the unemployment rate is expected to remain steady, at 10%. 
UK data continuess at 0928GMT with the PMI Manufacturing data for February, which is expected to edge lower, but remain at a reading of 61.0. This is followed at 0930GMT by BoE Lending to Individuals and Final M4 Data.
US data starts at 1245GMT with the weekly ICSC-Goldman Store Sales data, which is followed at 1355GMT by the weekly Redbook Average. The main event for Tuesday will likely be at 1500GMT, when Federal Reserve Chairman Ben Bernanke gives his semi-annual monetary policy report to the Senate Banking Committee in Washington. US data also heats up at 1500GMT, when ISM manufacturing data is expected to fall to 60.5 in February, continuing its upward trend. The regional data already released have pointed to continued expansion. At the same time, construction spending is expected to fall 0.8% in January following the residential-related plunge in December. Housing starts rose sharply in the month, suggesting that residential construction rebound in the month.
n other US events for Tuesday, Treasury Secretary Tim Geithner testifies on GSEs to the House Financial Services Committee, while auto-maker data is expected to show that domestic-made light vehicle sales rose slightly to a 9.5 million annual rate in February after rising slightly to 9.4 million in January. Seasonal factors are less accommodative than in January.

09:05
EUROZONE: Jan mfg PMI 59.0
09:01
GERMANY: Feb sa unemployment rate 7.3%, Feb mfg PMI 62.7
08:26
Stocks: Monday's review

Japanese stocks rose the most in two weeks, reversing earlier declines, as a report of restored oil production in Libya eased concern higher fuel prices will derail the global economic recovery.
The Nikkei rose 3.8% this month, the biggest monthly gain since November. The broader Topix index also gained. Both gauges posted their biggest gain since Feb. 14. Both the Nikkei and the Topix index fell last week the most since August 2010, as markets worldwide sank amid concern instability in the Middle East and North Africa will drive oil prices higher.
Toyota Motor Corp., the world’s No. 1 carmaker, gained 1.7 percent after the Wall Street Journal said Libya had resumed some oil shipments.
Pioneer Corp., a maker of car- navigation and audio equipment that gets about half of its revenue abroad, jumped 4.5 percent to 439 yen. Fanuc Corp., Japan’s largest maker of factory robots, increased 3.8 percent to 12,680 yen.
Sony Corp., Japan’s biggest electronics exporter, climbed 0.9 percent.
Mizuho Securities Co. surged 12 percent, the largest increase on the Nikkei 225 Stock Average, after a report its parent will buy out subsidiaries.
Nippon Sheet Glass Co., a glassmaker, jumped 3.1 percent after Deutsche Bank AG raised its rating on the stock.
Japan’s industrial production increased less than estimated in January. Factory output climbed 2.4 percent from December, when it rose 3.3 percent, the Trade Ministry said in Tokyo today. The median estimate of economists was for a 4 percent gain.

European stocks gained after the biggest weekly drop since July pushed the benchmark Stoxx Europe 600 Index to its cheapest valuation in almost two years.
Syngenta AG jumped 2.6 percent after the Indian government announced tax breaks for investments in fertilizer projects and a rival announced an increase in sales of agricultural chemicals.
Separately, Bayer AG said that sales of fertilizers, pesticides and other crop chemicals rose 18 percent to 1.65 billion euros ($2.28 billion) in the fourth quarter.  
Siemens AG climbed 3.6 percent after the company was said to be considering an initial public offering for its Osram lighting business.
Acciona SA surged 3.9 percent to 70.49 euros. The renewable energy developer posted 2010 net income of 167.2 million euros, beating the average estimate from a Bloomberg survey of analysts for a profit of 148 million euros.
Essar Energy Plc surged 3.5 percent to 517 pence as Credit Suisse Group AG initiated coverage of the Indian power plant developer with an outperform rating.
Real estate stocks rose after Blackstone Group LP, the world’s largest private-equity firm, agreed to buy Centro Properties Group’s U.S. shopping centers for $9.4 billion, two people familiar with the matter said.
Barratt Developments Plc gained 3.4 percent to 107.4 pence. Taylor Wimpey Plc climbed 4.6 percent to 39.5 pence.
HSBC Holdings Plc tumbled 4.7 percent after posting full-year net income that missed analysts’ estimates.

After taking a slight step back last week, stocks still closed out February on an upbeat note, posting their third straight month of gains.
Overall, all three major indexes were up nearly 3% during the month, and have risen more than 5% since the beginning of the year.
Investors are looking ahead to the government's monthly payroll report on Friday, which will reveal how many jobs were created in February.
Economy: A report showing that personal incomes climbed 1% in January got investors in an upbeat mood early in the day, even though most of that increase was due to a 2% payroll tax holiday passed by legislators in late 2010.
Later, investors also welcomed a report on Chicago-area manufacturing showing that sector accelerated at a faster-than-expected pace in February. The Chicago PMI rose to 71.2 from 68.8 in January, although economists had expected a slight decline.
A report on the housing market came in slightly better than expected, showing pending home sales fell 2.8% instead of the deeper 3.2% fall economists had been forecasting.
Companies: Humana (HUM, Fortune 500) shares rose 3.9% after the company announced the Department of Defense awarded the health insurer a major contract, covering military personnel and their families in the South.
UnitedHealth Group (UNH, Fortune 500) had previously held the contract, and its shares were flat Monday.
3M (MMM, Fortune 500) gained 2.1%, after a Barrons article reported the company will launch a "blizzard" of new products and soon see rising sales in international markets. Over the weekend, 3M CEO George Buckley slammed President Obama as "anti-business," calling his policies "Robin Hood-esque."
Amazon (AMZN, Fortune 500) shares fell more than 2.2%, after UBS downgraded its stock to "neutral."
Auction house Sotheby's (BID) will report after the market close.

08:04
Tech on USD/JPY

Resistance 3:Y82.90 (Feb, 23rd) 
Resistance 2:Y82.60 (МА (200) for Н1) 
Resistance 1:Y82.25 (session high)    
Current price: Y82.16
Support 1:Y81.60 (Feb 24 and 28 low)
Support 2:Y81.30 (support line from Dec 31)    
Support 3:Y80.90 (Dec 31 low)    
Comments: the pair become stronger. The nearest resistance - Y82.25. Above growth is possible to Y82.60. The nearest support - Y81,60. Below losses are possible to Y81.30. 

07:48
Tech on GBP/USD

Resistance 3: $ 1.6720 (high of Dec 2009)
Resistance 2: $ 1.6450 (high of Jan 2010)
Resistance 1: $ 1.6300 (session high)
Current price: $1.6260
Support 1 : $1.6250 (session low)
Support 2 : $1.6180 (МА (200) for Н1)
Support 3 : $1.6040 (support line from Feb 11)
Comments: the pair bargains in the field of the high reached yesterday. The nearest resistance $1.6300. Above growth is possible to $1.6450. The nearest support $1.6250. Below is possible testings of around $1.6180. 

07:07
Tech on EUR/USD

Resistance 3: $ 1.3980 (resistance line from Dec 2009)
Resistance 2: $ 1.3860 (Feb 2 and 28 high)
Resistance 1: $ 1.3830 (session high)
Current price: $1.3805
Support 1 : $1.3800 (session low)
Support 2 : $1.3780 (support line from Feb 22)
Support 3 : $1.3640 (Feb 24 low)
Comments: the pair bargains in a narrow range. The nearest resistance $1.3830. Above growth is possible to $1,3860. The nearest support $1.3800. Below  decrease is possible to $1.3780. 

07:04
UK Feb House Prices Up 0.3% m/m; Down 0.1% y/y
06:44
Schedule for today, Tuesday, Mar 1 2011:

04:30 Australia RBA meeting announcement 4.75% 4.75%
07:00 UK Nationwide house price index (February) -0.2% -0.1%
07:00 UK Nationwide house price index (February) Y/Y - -1.1%
08:55 Germany PMI (February) seasonally adjusted 62.6 60.5
08:55 Germany Unemployment (February) seasonally adjusted -14K -13K
08:55 Germany Unemployment (February) seasonally adjusted, mln - 3.135
08:55 Germany Unemployment rate (February) seasonally adjusted 7.4% 7.4%
08:55 Germany Unemployment (February) seasonally unadjusted, mln - 3.347
08:55 Germany Unemployment rate (February) seasonally unadjusted - 7.9%
09:00 EU(17) PMI (February) 59.0 57.3
09:30 UK CIPS manufacturing index (February) 61.7 62.0
10:00 EU(17) Harmonized CPI (February) Y/Y preliminary 2.4% 2.4%
10:00 EU(17) Unemployment (January) 10.0% 10.0%
14:00 Canada BOC meeting announcement 1.00% 1.00%
15:00 USA ISM Mfg PMI (February) 60.9 60.8
15:00 USA Construction spending (February) -0.7% -2.5%

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location