• 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
02.02.2011
20:01
American focus: the euro is under pressure.

The euro fell from an almost three- month high versus the dollar as Germany ruled out allowing the European Financial Stability Facility to fund bond buybacks, reviving concern the region’s sovereign-debt crisis may worsen.


The shared currency weakened for the first time in three days against the greenback after Ireland’s credit rating was cut by Standard & Poor’s. The pound rose against the dollar for a third day as a Bank of England policy maker said borrowing costs should be increased. Egyptian President Hosni Mubarak sought to reclaim Cairo’s streets from protesters.

“There seems to be an element of risk-off, especially for euro,” said Amelia Bourdeau, a currency strategist in Stamford, Connecticut, at UBS AG. “It’s combination of the S&P downgrade to Ireland, mixed comments on the EFSF coming out of Germany and the continued troubles in Egypt.”

The euro fell 0.4 percent against the dollar to $1.3777 at 11:55 a.m. in New York. Earlier it rose to $1.3862, the highest level since Nov. 9. Against the yen, the shared currency rose 0.2 percent to 112.68 per euro after rising earlier as much as 0.4 percent.

The rating cut to A- from A and negative credit outlook on Ireland reflects “our view of the uncertainties surrounding the size of Ireland’s additional capital needs for its largely state-owned financial sector,” S&P said.

19:45
Dow +10.93 at 12051.09, Nasdaq +2.14 at 2753.33, S&P -2.18 at 1305.41
The stock market's drift today has left many uninspired and resulted in moderate participation. In turn, fewer than 600 million shares have traded hands on the NYSE, so far, with only 90 minutes remaining before the toll of the closing bell. Though today's trading has been unexciting, it allows for gains in the prior session to be consolidated. The S&P 500 surged 1.8% yesterday for its strongest single-session surge in two months. Additionally, the move took stocks above key psychological levels that had not been seen since mid-2008.
18:19
Dow +4.88 at 12045.04, Nasdaq +0.28 at 2751.47, S&P -2.59 at 1305.00
A lackluster follow up to the prior session's surge has left the major equity averages to trade in mixed fashion all session. Yesterday the stock market rode a strong bid to its best level in more than two years, but many broad market participants have opted to take a bit of a breather today. That said, there hasn't been any concerted effort to take profits. Only a slightly positive response was made to the latest ADP Employment Change, which indicated that 187,000 private payrolls were added in January. The report had little lasting effect, though. Earnings have also failed to inspire action in the broad market. Among the more widely held names, Whirlpool (WHR 82.69, -2.73) and AFLAC (AFL 57.13, -1.40) both came short of the consensus earnings estimate, but Boston Scientific (BSX 6.77, -0.36) and Time Warner (TWX 34.99, +2.68) both beat on the bottom line. Time Warner complemented its report with news of an 11% dividend increase. Electronic Arts (ERTS 17.90, +2.28) posted its own upside earnings surprise and added to its repurchase plan. Its shares have surged in response. That has helped prop up the tech sector, which is presently up 0.3%. Energy stocks make up the only other sector to sport a gain. They are up 0.2%, even though oil prices are now in the red after a strong start. Oil prices are currently down 0.6% to $90.25 per barrel. The dollar has turned higher after it had set a two-month low in the prior session. It is currently up 0.3% against a collection of competing currencies. Despite the lackluster action among stocks today, Treasuries have turned lower. That has the yield on the benchmark 10-year Note creeping closer to 3.50%, which was last touched in mid-December.
18:10
US OUTLOOK: RBC, commenting on Fed's Sr Loan Officer survey, says it showed 5.2% of banks tightened lending standards on mortgages in 1Q and that is bad news for housing.
Consumers also were weak: "demand for mortgages fell for a net 20% of banks, taking our rolling sum for this metric to a new record low.' One reason for caution is 8m homes in default or foreclosure, RBC says.
17:19
Dow +1.97 at 12042.13, Nasdaq +4.60 at 2755.79, S&P -2.51 at 1305.49
The major equity averages remain mixed as financials (-0.6%) weigh on the S&P 500 and tech issues (+0.4%) help lift the Nasdaq. Meanwhile, the Dow remains mired near the neutral line. Despite the generally lackluster action among stocks, Treasuries have failed to sustain any kind of a gain. The benchmark 10-year Note had traded with a lower yield earlier this morning, but recent selling has sent the Note to a session low and its yield to a session high of about 3.49%.
17:02
Techs on USD/JPY

Resistance 3:Y83.10            
Resistance 2:Y82.25/30            
Resistance 1:Y81.70/90            
Current price: Y81.66
Support 1:Y81.30           

Support 2:Y80.90           

Support 3:Y80.20          

Comments: Dollar tries to recover, but slowly, Support is at session lows on Y81.30. Below losses may widen to Y81.00-Y80.90  (lower band of the channel from Jan 03/Dec 31 lows). Resistance is at Y81.70/90 (session highs). Next target is on Y82.30 (Feb 01 highs).

16:56
Techs on USD/CHF
Resistance 3: Chf0.9560               
Resistance 2: Chf0.9520              
Resistance 1: Chf0.9450                
Current price: Chf0.9385
Support 1: Chf0.9330                 
Support 2: Chf0.9300                  
Support 3: Chf0.9200                
Comments: Dollar recovers with no major changes in tech at all. Resistance remains at Chf0.9450 (Jan 31 and Feb 01 highs). Above resistance is near Chf0.9520 (Jan 25 high). Strong level is at channel line from Jan 11 at Chf0.9560. Minor support is at Chf0.9330 (session low). Below losses may widen to Chf0.9300 (Dec 31 lows).
16:24
Techs on GBP/USD

Resistance 3:$1.6450
Resistance 2:$1.6300
Resistance 1:$1.6230
Current price: $1.6188
Support 1: $1.6170

Support 2: $1.6080           

Support 3: $1.6020

Comments: Rate refreshed session highs - resistance now at $1.6230. Next target is at Nov 04 high on $1.6300 with a break above will open the way to Jan 19 high'2010 at $1.6450. Support at $1.6170 (session low), then - on $1.6080 (Jan 18 high, ex-resistance). Below losses may widen to $1.6020.
16:01
Techs on EUR/USD
Resistance 3:$1.3980             
Resistance 2:$1.3895             
Resistance 1:$1.3860             
Current price: $1.3823
Support 1: $1.3760                   

Support 2: $1.3670             
Support 3: $1.3570             

Comments: There is no changes in techs. Resistance is around session highs on $1.3860. Above there is a chance to rise to $1.3895/00 (a top of upward channel). break above opens the way to Nov 09 high at $1.3980. Support remains at $1.3760 (Jan 27 high, ex-support), below - at $1.3670 (Jan 25 and 31 lows).

15:31
US: EIA oil data for Jan 28 wk: +2.6 million barrels to 343.2 million barrels
15:10
GBP/USD tries to recover

GBP/USD has lifted to $1.6200 area in recent dealings, bouncing off recent lows at $1.6175. Some bids in place at $1.6170/75, cushioning the recent dip.

14:46
Option expiries for today's 1500GMT cut,
EUR/USD $1.3900, $1.3800, $1.3750, $1.3700, $1.3680, $1.3600
USD/JPY Y82.05
EUR/JPY Y112.00, Y111.60
GBP/USD $1.6040, $1.5980, $1.5900
AUD/USD $1.0025, $0.9900, $0.9800
14:26
Before the bell: Stocks poised for flat open

U.S. stocks were poised for a slightly weak open Wednesday, as investors sideline worries about Egypt, and focus on corporate earnings and the labor market.
U.S. stocks started February with a bang Tuesday. The Dow and S&P 500 closed above key psychological levels for the first time in more than two years, with the Dow finishing above 12,000.


Economy: Before the market open, a report from payroll services firm ADP reported job growth for January that was much stronger than expected (+187,000).
Companies: Time Warner (TWX, Fortune 500) posted fourth-quarter earnings Wednesday that beat Wall Street expectations, driven in part by a recovering advertising market. Shares of Time Warner, the parent of CNNMoney and Fortune, edged up about more than 3% in premarket trading.
Shares of video game company Electronic Arts (ERTS, Fortune 500) jumped nearly 10% in premarket trading, a day after they reported a 75% jump in quarterly earnings and announced a stock buyback.
Shares of Southwest Airline (LUV, Fortune 500) also slumped more than 15% in premarket trading.
Toyota (TM) shares gained more than 2% in pre-market trading, after reporting almost 24% rise in January sales Tuesday. The Japanese automaker also said late Tuesday that it is offering "voluntary exit packages" to certain employees, as part of a restructuring plan.
Shares of Borders Group (BGP) plunged more than 35% Tuesday before the market close, and fell 10% in pre-market trading Wednesday on a report claiming the company will file for bankruptcy.
After the closing bell, Visa (V, Fortune 500) is expected to report earnings per share of $1.21 on revenue of $2.23 billion.

14:17
EUR/USD under pressure

EUR/USD continues to drift lower amid light flows, traded just below $1.3780 with talk now inserting a few stops below $1.3770, in the zone of bids noted earlier.

13:57
AUD/USD retreats

AUD/USD trades lower through bids in the $1.0080/00 zone. Aussie now trading $1.0087/89 after a day's low print of $1.0084.

13:40
EUR/USD holds tight

EUR/USD showed slight lift after ADP data, edges up to $1.3810 area, the pair finding an earlier base at $1.3788 in the wake of the Irish downgrade by S&P. Area down to $1.3750 said to hold demand interest. Offers eyed at $1.3880.

13:16
US: Jan ADP payrolls +187,000
13:12
At 13:15 GMT ADP Employment Change report is due to come

The Employment Change released by the Automatic Data Processing, Inc is a measure of the change in the number of employed people in the US Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Generally speaking, a high reading is seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.

11:54
Europan session: The pound rose

Data:
09:30 UK PMI Construction 53,7
10:00 EMU Producer Price Index +0,8%
10:00 EMU Producer Price Index (YoY) +5,3%

The yen weakened as a gain in Asian stocks and signs global growth is accelerating cut demand for the safety of Japan’s currency.
The pound rose against the dollar for third day as a Bank of England policy maker said borrowing costs should be increased. 
Asian currencies strengthened, led by the South Korean won, on optimism quicker global growth will boost the region’s exports.
U.S. companies added workers for a 12th month in January, increasing employment by 140,000, according to a survey before ADP Employer Services reports the figures today. A Labor Department report on Feb. 4 will show employment climbed by more than 142,000 in January, after a 103,000 gain in December, a separate survey showed. The report may also show the jobless rate rose to 9.5 percent from 9.4 percent.
The euro climbed against the dollar on speculation European Central Bank policy makers meeting tomorrow will say they are prepared to act to counter quickening inflation. The single currency has added 3.5 percent this year against the greenback.
The pound strengthened, extending its third day of gains versus the dollar, after a report showed the U.K. construction industry returned to growth in January.
A gauge of building activity based on a survey of purchasing managers rose to 53.7 from 49.1 in December, Markit Economics Ltd. and the Chartered Institute of Purchasing and Supply said today in an e-mailed statement in London. The median forecast of economists in a survey was for a reading of 49.5. A measure above 50 indicates expansion.

EUR/USD: the pair bargained within the limits of $1,3812-$ 1,3860.
GBP/USD: the pair become stronger above a mark $1.6200.
USD/JPY: the pair bargained within the limits of Y81,30-Y81,60.
                                                           

US data starts at 1200GMT with the weekly MBA Mortgage Application Index. This is followed at 1230GMT by the Challenger Layoffs data for  January and at 1315GMT by the ADP National Employment Report for January. Later, at 1530GMT, US data rounds off with the weekly EIA Crude Oil Stocks data. 

11:42
FTSE +50.88 +0.85% 6,008.70, CAC +0.80 +0.02% 4,073.42, Dax +6.36 +0.09% 7,190.63
11:01
Ratings agency Fitch says Italy needs to carry out limited fiscal consolidation to make public debt sustainable.

- Italy has room to improve its rating if debt starts to fall to 100% of GDP.

10:46
European focus: The pound strengthened

The yen weakened as a gain in Asian stocks and signs global growth is accelerating cut demand for the safety of Japan’s currency.
The pound rose against the dollar for third day as a Bank of England policy maker said borrowing costs should be increased. 
Asian currencies strengthened, led by the South Korean won, on optimism quicker global growth will boost the region’s exports.
“Risk appetite is growing on the back of growth expectations, so I would expect dollar-yen to edge higher and euro-yen to edge higher,” said Jane Foley, a senior currency strategist at Rabobank International in London. In Europe, “inflation is definitely on the radar right now, so I think the producer-price release will be watched.”
U.S. companies added workers for a 12th month in January, increasing employment by 140,000, according to a survey before ADP Employer Services reports the figures today. A Labor Department report on Feb. 4 will show employment climbed by more than 142,000 in January, after a 103,000 gain in December, a separate survey showed. The report may also show the jobless rate rose to 9.5 percent from 9.4 percent.
The euro climbed against the dollar on speculation European Central Bank policy makers meeting tomorrow will say they are prepared to act to counter quickening inflation. The single currency has added 3.5 percent this year against the greenback.
The pound strengthened, extending its third day of gains versus the dollar, after a report showed the U.K. construction industry returned to growth in January.
A gauge of building activity based on a survey of purchasing managers rose to 53.7 from 49.1 in December, Markit Economics Ltd. and the Chartered Institute of Purchasing and Supply said today in an e-mailed statement in London. The median forecast of economists in a survey was for a reading of 49.5. A measure above 50 indicates expansion.

10:21
GBP/USD:

Dipped back through $1.6200 after the Construction PMI data release but found further demand in the low $1.6190's with high now extended to $1.6222, before euro-sterling demand resurfaced sending cable back to $1.6208.

10:03
EMU DATA: Industrial producer prices in the Eurozone rose 0.8% on the month in December, as generally expected, widening the annual change to +5.3%.
09:46
Option expiries for today's 1500GMT cut:

EUR/USD $1.3900, $1.3800, $1.3750, $1.3700, $1.3680, $1.3600
USD/JPY Y82.05
EUR/JPY Y112.00, Y111.60
GBP/USD $1.6040, $1.5980, $1.5900
AUD/USD $1.0025, $0.9900, $0.9800

09:31
UK Jan PMI Construction 53.7
08:29
Asian session: dollar remains under pressure
The euro touched a three-month high against the dollar on speculation European Central Bank policy makers meeting tomorrow will say they are concerned about quickening inflation.
European producer prices rose 5.2% in December from a year earlier, according to survey before today’s report. Inflation in the euro region accelerated to a 2.4% annual rate in January, the statistics office said in a preliminary estimate on Jan. 31.
“A very hawkish ECB is priced in at this point and U.S. dollar sentiment has certainly waned,” said Sean Callow, a senior currency strategist at Westpac Banking Corp. in Sydney. “There’s enough confidence in the general risk-on move that it’s undermining the U.S. dollar safe-haven role.”
The yen fell against all its major counterparts as a gain in Asian stocks and signs global growth is accelerating cut demand for the safety of Japan’s currency.
The yen dropped for a third day versus the euro before a European report that economists said will show producer-price inflation accelerated in the region to the fastest since 2008.
Pound rose as BOE Dep Gov Bean said BOE would have to hike rates if the recent spike in oil prices persisted and the MPC concluded inflation was becoming embedded.


EUR/USD: tested $1.3860, before eased back to $1.3830.
GBP/USD: foun support at $1.6120, before posted session high at $1.6180.
USD/JPY: eased to Y81.30, before stabelized within Y81.40/60.



08:22
Forex: Tuesday's review

he dollar declined against all its most-traded counterparts as a report showed U.S. manufacturing rose at the fastest pace in almost seven years, encouraging demand for higher-yielding assets.
The Institute for Supply Management’s U.S. manufacturing index unexpectedly increased to 60.8 in January from 58.5 in the previous month, the Tempe, Arizona, group reported. That indicates the fastest growth since May 2004.

The euro rose above $1.38 as the purchasing managers’ index for Europe increased.
A gauge of manufacturing in the euro region rose to 57.3 in January from 57.1 in December, London-based Markit Economics said today. That’s the highest since April and above the initially reported 56.9.
Egyptian protesters began gathering in Cairo for a march as newly appointed Vice President Omar Suleiman said late yesterday that President Hosni Mubarak instructed him to start a dialogue with the demonstrators. The military promised not to fire on marchers and said that it recognized “the legitimacy” of the people’s demands.
“We’re not looking at any major fallout globally from Egypt at the moment,” said Brian Dolan, chief strategist at FOREX.com.
The pound advanced as much as 0.9%.
The Bank of England will raise its 0.5% main rate three times this year to prevent a surge in consumer prices from becoming entrenched, according to the National Institute for Economic and Social Research. The group forecasts that the rate will rise to 1.25% by year-end, compared with an October forecast of 0.75%.
“The market is going with the idea that the chances of a Bank of England rate hike are increasing,” Forex.com’s Dolan said. “The move is not done yet. The pound is not giving back very much.”
Australia’s dollar rose to a level stronger than parity with the greenback for the first time in three days as the Reserve Bank of Australia said the global economy looks strong and there are signs of rising private investment in the nation amid higher commodity prices.
The central bank left its cash target at 4.75% and signaled inflation was likely to remain within its 2% to 3% target range in the year ahead.

08:16
BOE Dep Gov Bean: BOE would have to hike rates if the recent spike in oil prices persisted and the MPC concluded inflation was becoming embedded.
08:15
BOE Dep Gov Bean: BOE would have to hike rates if the recent spike in oil prices persisted and the MPC concluded inflation was becoming embedded.
08:01
Stocks: Tuesday's review

Nikkei  +36.58  (+0.36%)  10274.50
DAX +106.79  (+1.51%)  7184.27
CAC  +67.12  (+1.68%)  4072.62
FTSE-100 +94.88  (+1.62%)  5957.82
Dow  +148.23  (+1.25%)  12040.16
Nasdaq +51.11  (+1.89%)  2751.19
S&P500  +21.47  (+1.67%)  1307.59
Oil  -1.60  $90.60
10-Years +0.06  3.44%

Japanese stock futures gained after U.S. consumer spending topped estimates and the earnings outlook improved, overcoming concerns about unrest in Egypt. Australian shares were little changed.
American depositary receipts of Hitachi Ltd., a maker of products from home appliances to nuclear reactors, jumped 1.5 percent from the closing share price in Tokyo yesterday after the Nikkei newspaper said the company may report a record third- quarter profit.
Those of Honda Motor Co., Japan’s third-largest carmaker by sales, jumped 2.8 percent after increasing its earnings forecast.
Shares of BHP Billiton Ltd., the world’s No. 1 mining company and Australia’s biggest oil producer, gained 0.6 percent in Sydney after prices of metals and oil advanced.
Shanghai stocks hit their longest winning streak for four months but the Mumbai market sank to its lowest level since August as investors gave varying responses to inflationary fears for Asia’s two powerhouse growth economies.
A reading of 52.9 for a purchasing managers’ index released by China’s logistics federation exceeded the 50 level dividing expansion and contraction. A PMI from HSBC Holdings Plc and Markit Economics rose to 54.5 from 54.4.


European stocks climbed by the most in two months after reports showed manufacturing expanded in the U.S. and China, boosting confidence in the strength of the global economic recovery.
BHP Billiton Ltd. led mining companies higher as copper surged to a record.
Rio Tinto Group, the third-largest mining company, gained 1.5 percent to 4,344 pence as copper rose to records in New York and London while aluminum and nickel climbed to two-year highs. Kazakhmys Plc, Kazakhstan’s biggest copper producer, rose 4.8 percent to 1,578 pence.
National Bank of Greece jumped 7.7 percent to 7.60 euros, while EFG Eurobank Ergasias SA rose 11 percent to 4.74 euros. Public Power Corp. SA, Greece’s biggest electricity producer, gained 2.6 percent to 12.26 euros. Credit Suisse upgraded its stance on Greece to “benchmark” from “underweight,” saying “Greek equities look cheap.”
Infineon Technologies AG and ARM Holdings Plc increased after reporting results that exceeded estimates.
In Europe, manufacturing growth was stronger than initially estimated in January, accelerating to the fastest pace in nine months on stronger output in Germany. A gauge of manufacturing in the euro region rose to 57.3 from 57.1 in December, Markit Economics said today. That’s the highest since April and above the initially reported 56.9.
Metro AG, Germany’s largest retailer, climbed 3.3 percent to 53.12 euros as UBS AG upgraded the stock to “buy” from “neutral.”
Continental AG rallied 1.8 percent to 58.52 euros as Deutsche Bank AG lifted its recommendation on Europe’s second- biggest tiremaker to “buy” from “hold.”

U.S. stocks started February with a bang Tuesday, with the Dow and S&P 500 closing above key psychological levels for the first time in more than two years, and the Nasdaq gaining almost 2%.
All but three of the 30 blue-chip components moved higher. A 5.5% jump in shares of Pfizer (PFE) led the advance. The drugmaker posted better-than-expected fourth-quarter earnings. Alcoa (AA) and Bank of America (BAC) were also big Dow gainers.
U.S. stocks posted solid gains Monday and ended January about 2% higher, as positive earnings from Exxon Mobil (XOM) and rising commodity prices overshadowed the political unrest in Egypt. The Dow finished the month 2.7% higher, representing the first January gain since 2007, and the best first-month performance since 1997.
Economy: Construction spending dropped 2.5% in December, following a rise of 0.4% in November. Economists were expecting spending to ease 0.4% during the month.
General Motors (GM) kicked off the year with stronger-than-expected sales in January, driven by increased demand from individual customers. GM stock was slightly higher.
In Washington, the Senate Budget Committee kicked off three days of hearings on the economic outlook, tax reform and challenges to the economic recovery.
Companies: Before the opening bell, United Parcel Service (UPS) logged a 44% jump in profit that beat forecasts and said it expects earnings per share to climb to a record high for 2011. Shares of the package delivery company finished up 4.2%.


07:42
BOE Dep Gov Bean expects inflation to fall back towards target, as long as no further shocks are seen.
07:39
BOE Dep Gov Bean expects inflation to fall back towards target, as long as no further shocks are seen.
07:21
Tech on USD/JPY
Resistance 3:Y83.10 (resistance line from Jan 7)
Resistance 2:Y82.25/30 (Feb 01 high)
Resistance 1:Y81.70/90 (session high/Feb 01 hourly highs)
Current price: Y81.50
Support 1:Y81.30 (session low)
Support 2:Y80.90 (channel base, Jan 3/Dec 31 low)
Support 3:Y81.20 (Nov 01 base)
Comments:The nearest support - Y81.30. Below losses are possible to Y81.00-Y80.90. The nearest resistance - Y81.70/90. Above  growth is possible to Y82.30.
07:16
Tech on USD/CHF
Resistance 3: Chf0.9560 (resistance since Jan 11 high)
Resistance 2: Chf0.9520 (Jan 25 high)
Resistance 1: Chf0.9450 (Jan 31/Feb 01 high)
Current price: Chf0.9344
Support 1: Chf0.9330 (session low)
Support 2: Chf0.9300 (Dec 31 low)
Support 3: Chf0.9200 (psychological mark)
Comments: the pare remains under pressure. The nearest support Chf0.9330. Below loss may extend to Chf0.9300. The nearest resistance Chf0.9450. Above is located Chf0.9520.
07:09
Tech on GBP/USD
Resistance 3: $ 1.6300 (Nov 04 high)
Resistance 2: $ 1.6210 (Nov 08 high)
Resistance 1: $ 1.6180 (session high)
Current price: $1.6160
Support 1 : $1.6080 (Jan 31 high)
Support 2 : $1.6040 (38.2% $1.5820-$1.6180)
Support 3 : $1.6000 (50% $1.5820-$1.6180)
Comments: the pair failed to break the nearest resistance - $1.6180. The nearest support - $1.6080, ahead of $1.6040.
06:54
BOE MPC member Sentance: UK interest rates must be raised now.
  • Rates must be raised steadily to avoid larger rise later;
  • UK would struggle if inflation genie released.
06:47
BOE MPC member Sentance: UK interest rates must be raised now.
  • Rates must be raised steadily to avoid larger rise later;
  • UK would struggle if inflation genie released.
06:45
Tech on EUR/USD
Resistance 3: $ 1.3980 (Nov 09 high)
Resistance 2: $ 1.3895 (channel top)
Resistance 1: $ 1.3860 (session high)
Current price: $1.3844
Support 1 : $1.3760 (January 27 high, former resistance)
Resistance 2: $ 1.3670
Resistance 3: $ 1.3570 (January 25/31 lows)

Comments: the pair trades above $1.3760 mark, which has become the closest support. Resistance comes at $1.3860, ahead of  $1.3895/00.

06:26
Major European bourses are initially seen trading higher Wednesday

Spreadbetters Cantor index are calling the FTSE up 20, the DAX up 8, the CAC up 10 and the Eurostoxx 50 up 4.

06:05
Schedule for today, Wednesday, Feb 02 2011:

10:00     EU(16)     PPI (December)         0.8%    0.3%
10:00     EU(16)     PPI (December) Y/Y         5.4%    4.5%
13:15     USA     ADP employment (January)         +150K    +297K

© 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