• 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
19.07.2011
18:56
Dow +173.28 at 12558.51, Nasdaq +52.86 at 2832.11, S&P +17.09 at 1308.56

Gains remain strong as stocks sit slightly beneath their session highs. Buying interest has also broadened, such that health care stocks and utilities stocks are up 0.6% after they had been mired near the neutral line for most of the session. Even telecom has pushed up to a 0.4% gain after it had been in the red for a couple of hours.
Meanwhile, the dollar has trimmed its loss. In turn, it now trails a collection of competing currencies by a relativey tame 0.2%. The dollar's upturn has coincided with a downturn by crude oil prices as the energy component enters the close of pit trade. Just before settlement, oil prices were quoted at $97.50 per barrel after they had been above $98 per barrel earlier this session.

18:25
EUR/USD under pressure

Leaking back lower again as gold gives up a chunk of gains but as stocks continue to hold the bult of theirs. Euro bids remain at $1.4140 with stops below $1.4135. Break lower will target $1.4100-$1.4090.

 

18:03
Dow +151.41 at 12536.64, Nasdaq +41.06 at 2820.31, S&P +14.28 at 1305.75

Although participants have displayed a preference for risk this session, Treasuries have managed to tick higher. The move has taken the yield on the benchmark 10-year Note back toward 2.90%.

17:35
American focus: dollar sang on resumed appetite for risky assets

On Tuesday the U.S. dollar shed against most of its rivals amid revived appetite for risky assets as stocks rose on better-than-expected company earnings. Partly the dollar dropped on hopes European officials will make progress toward a second bailout package for Greece as crucial factor to curb the region’s debt crisis.

The euro rallied against the dollar and rose from almost a record low versus the Swiss franc.

Lately market players concerned about possible spread of the EU debt crisis doubted that European leaders will solve the problem. But many official persons, in particular German Chancellor Angela Merkel and Greece Finance Minister Evangelos Venizelos, said about their confidence that the EU leaders will reach agreement on new financial assistance program for Greece. It should be noted that the EU summit is scheduled for Thursday, July 21.

Australia’s dollar also climbed amid renewed investor appetite for higher-yielding assets Another factor to rise was today’ dovish minutes from the Reserve Bank’s last meeting, reduced expectations that policy makers will increase interest rates to curb inflation.

The Canadian dollar advanced to an 11-week high after the Bank of Canada left its rate at 1 percent the central bank’s policy statement.

Japan yen also gains.

16:27
Dow +106.71 at 12491.94, Nasdaq +40.20 at 2819.45, S&P +10.87 at 1302.34

Although it continues to sport a strong gain, the S&P 500 has drifted lower in recent trade. It now trades near the 1315 zone. Near-term support is said to stand at the 1313 line.
Part of the market's move lower stems from renewed weakness among financial stocks. The sector had staged an early rebound that took it to a solid gain, but that move has failed to hold, so financials are now back near the neutral line with a 0.1% gain.
Bank of America (BAC 9.41, -0.31) continues to be a considerable burden on the overall financial space. Despite an upside earnings surprise for the latest quarter, shares of the diversified bank and financial services giant have dropped more than 3% to a new two-year low.

15:12
Dow +134.53 at 12519.76, Nasdaq +46.87 at 2826.12, S&P +14.32 at 1305.79

Oil prices have spiked to $98.30 per barrel, which gives them a heady 2.5% gain. Natural gas prices are actually down 0.3% to $4.51 per MMbtu.
As for precious metals, gold prices are down fractionally to $1600.60 per ounce after they set a fresh record high near $1608 per ounce during the prior session. Silver also made a strong push higher yesterday, but the precious metal has pulled back today so that it trades with a 0.3% loss at $40.20 per ounce.
In the backdrop, the dollar has declined to a 0.6% loss against a collection of competing currencies.

14:23
Dow +121.21 at 12506.44, Nasdaq +41.54 at 2820.79, S&P +12.49 at 1303.96

Tech stocks rallied 1.8% at open. The group's strength has helped the tech Nasdaq to go ahead of its counterparts.
Among tech issues, IBM (IBM 181.20, +5.92) is a top performer. The stock's jump to a new all-time high comes in response to a stronger-than-expected earnings report and upside guidance.
Within the Nasdaq, though, Intel (INTC 22.78, +0.50) is a leader ahead of its quarterly report, which is scheduled to take place after the close of trade on Wednesday.

14:10
GBP/USD trying to rise

GBP/USD tries to get higher, holding around $1.6120, while EUR/GBP tracks EUR/USD. Offers atill at earlier highs on $1.6160, extending to $1.6170. Support at $1.6110/00.

13:54
Option expires for today's NY 14:00 GMT cut
EUR/USD $1.3900, $1.4000, $1.4050, $1.4200, $1.4230, $1.4270
USD/JPY Y79.00, Y79.30, Y80.00
EUR/JPY Y110.00, Y111.35, Y113.00
EUR/GBP stg0.8735
AUD/USD $1.0585, $1.0600, $1.0770
AUD/JPY Y84.80
13:39
CAD/JPY rises

CAD/JPY tripped stops through Y83.15 as the rate rises above the 200 day MA at Y83.16 to a session high Y83.21 after more hawkish rate outlook from BoC. The rate is currently Y83.16.

13:19
Before the bell: Strong housing may support stocks

U.S. stocks were set to rebound Tuesday following the  strong reports on the housing market and digest the latest corporate earnings.
Stocks began the week sharply lower, selling off nearly 1% on Monday, as worries about Europe's debt crisis and uncertainty over the U.S. debt ceiling continued to hang over the market. Meanwhile, gold prices surged.
The failure of eight banks to pass Europe's latest round of bank stress tests have done little to restore investor confidence overseas.

Economy: Before the opening bell, the Commerce Department reporting stronger-than-expected numbers of June housing starts and building permits, giving the markets an extra boost.
The government reported an annual rate of 629,000 housing starts and 624,000 housing permits for June.
Economists had forecast that housing starts would rise to an annual rate of 570,000 units in June, while permits were expected to remain unchanged at 609,000 units.
Companies: Quarterly reports from the banking sector will take center stage Tuesday morning.
Before the opening bell, Bank of America (BAC, Fortune 500) reported a net loss of $8.8 billion, or 90 cents per diluted share, in line with analyst expectations.
Goldman Sachs (GS, Fortune 500) posted second-quarter earnings of $1.1 billion profit, or $1.85 a share - missing analysts' forecasts.
Citing strong demand, Coca-Cola (KO, Fortune 500) reported earnings per share of $1.20 on revenue of $12.7 billion, beating analyst expectations.
Apple (AAPL, Fortune 500) is scheduled to report its earnings after the closing bell.

13:00
CANADA: Bank of Canada leaves key interest rates unchanged at 1.00%
12:45
USD/CAD weakens, holding around C$0.9544 ahead of BOC announcement at the top of the hour.
12:33
Canada: Leading Indicators (MoM) (Jun) 0.2%
12:32
US: June permits +2.5% to 624k
12:31
US: June housing starts +14.6% to 629k
12:11
EUR/USD weakens

EUR/USD trades below $1.4170 following the release of weaker than expected earnings results from Goldman. Demand/support seen at $1.4160 (38.2% $1.4070/1.4217).

11:55
EU session review: Euro strengthens

Data released:
09:00     Germany     ZEW economic expectations index (July)    -15.1    -7.0    -9.0

The euro strengthened against the dollar and Swiss franc on speculation European officials are nearing agreement on reinforcing measures aimed to prevent debt crisis from extention.
The 17-nation currency also rose versus the yen as Italian bonds narrowed their yield spread, over German debt.
Greek Finance Minister Evangelos Venizelos said a resolution of the crisis is “attainable” and European Central Bank Governing Council member Ewald Nowotny signaled the ECB may be willing to compromise on the use of Greek bonds as collateral after a default.
Negotiations over a second bailout package for Greece should be “positive for the viability of the public debt” and safeguard the nation’s banking system, Venizelos said.
Even in the event of a default, the ECB may be willing to accept Greek debt as collateral, Nowotny suggested.
The Canada’s currency fell as global stocks dropped and raw materials including crude oil and copper fell. Crude oil for August delivery decreased 1.1% to $96.15 a barrel in New York. Oil is Canada’s biggest export. Copper futures fell 0.2%.
Foreign investors bought C$15.4 billion ($16 billion) of Canadian stocks, bonds and money market securities in May, their biggest net purchase in a year, led by federal government bonds, Statistics Canada said.

EUR/USD broke above $1.4200 and printed session high on $1.4220. Rate failed to go higher and retreated to below the figure - to current $1.4165.

GBP/USD initially rose to $1.6160 before it retreated to $1.6100/10.

USD/JPY continues to weaken from Y79.10 to Y78.90.

US data starts at 1145GMT with the weekly ICSC-Goldman Store Sales data, which is followed at 1230GMT by Housing Starts and Building Permits data. The pace of housing starts is expected to rise to a 575,000 annual rate in June, which would be a second straight gain.

11:22
EU stocks head higher on improved earnings

European stocks gained Tuesday, rebounding from a seven-month low, as companies from Novartis AG (NOVN) to International Business Machines Corp. reported earnings that beat estimates.
Novartis climbed 3.8%.
SAP AG (SAP) led a rally in technology companies after IBM boosted its forecasts.
Meanwhile, Electrolux AB (ELUXB) plunged to the lowest in almost two years as profit trailed projections.

11:05
AUD/USD holds around $1.0672 with offers remain at $1.0700. For the last 2 months rate holds between $1.0400/1.0800 range.
10:48
GBP/USD retreats

GBP/USD retreats after it earlier rose to session highs on $1.6157. Rate currently holds around $1.6122. The pound earlier triggered stops at $1.6135. Resistance - at $1.6180.

10:35
EU forex: Canadian Dollar weakens

On Tuesday Canada’s dollar depreciated against its U.S. counterpart as concern European leaders may be unable to resolve the region’s debt crisis diminished demand for commodities and higher-yielding assets.


The Canada’s currency fell as global stocks dropped and raw materials including crude oil and copper fell. Crude oil for August delivery decreased 1.1% to $96.15 a barrel in New York. Oil is Canada’s biggest export. Copper futures fell 0.2%.
Foreign investors bought C$15.4 billion ($16 billion) of Canadian stocks, bonds and money market securities in May, their biggest net purchase in a year, led by federal government bonds, Statistics Canada said.
“The driver continues to be Europe, we’re seeing equities are down, oil is down and the loonie is correlated to those things quite heavily,” said Rahim Madhavji, president of Knightsbridge Foreign Exchange.
Euro-area government leaders will hold a special summit on July 21, stepping up efforts to stem the contagion from Greece. Leaders are at odds with one another and with the European Central Bank over demands by Germany and Finland that private investors bear some of the burden for a second Greek bailout.

10:08
EUR/USD back under $1.4200

EUR/USD printed session highs around $1.4220 before retreated to current levels below $1.4200. Resistance remains at $1.4220 (76.4% Fibo of $1.4282/1.4014 move). Above resistance comes at $1.4250 and $1.4280/85.

09:46
Techs on gold:

Gold prices continue to print fresh record highs despite daily studies losing momentum. Resistance is seen at $1617.10 (the daily
Bollinger band top), followed by a resistance at $1646.00 (channel line from Nov 2010). Initial support seen at $1596.80 (the 5-DMA). Gold currently holds around $1606.0.

09:25
FTSE 5,784 +31.61 +0.55%, CAC 3,692 +41.18 +1.13%, DAX 7,216 +107.91 +1.52%
09:13
Option expiries for today's 1400GMT cut:

EUR/USD $1.3900, $1.4000, $1.4050, $1.4200, $1.4230, $1.4270
USD/JPY Y79.00, Y79.30, Y80.00
EUR/JPY Y110.00, Y111.35, Y113.00
EUR/GBP stg0.8735
AUD/USD $1.0585, $1.0600, $1.0770
AUD/JPY Y84.80

09:01
Germany ZEW Survey - Economic Sentiment (Jul) -15.1
08:25
EUR/USD: moves up to challenge next resistance at $1.4180. A break and clear here to open a move toward $1.4200/10.
08:15
Asia Pacific stocks close:

Nikkei  9,890 -84.75 -0.85%   
Hang Seng  21,879 +74.03 +0.34%   
S&P/ASX   4,468 -3.82 -0.09%   
Shanghai Composite 2,797 -19.71 -0.70% 

07:57
GOLD: Registers another all time spot high of $1610.20, and silver a new 2 month high of $40.86, in recent trade.
07:55
Asian session: The euro was under pressure

The euro was under pressure against major currencies on concern European leaders will be unable to agree on steps to contain the region’s debt crisis at a summit this week.
The yen traded 0.9 percent from a one-week high versus the euro before Spain and Greece sell as much as 5.75 billion euros ($8.1 billion) of bills today amid concern surging bond yields threaten to boost financing costs. 
Australia’s dollar pared earlier gains after minutes of the July policy meeting showed the Reserve Bank has scope to extend an interest-rate pause partly because of risks posed by Europe’s debt crisis.
Euro-area leaders will meet in Brussels on July 21 to discuss the “financial stability” of the region, European Union President Herman Van Rompuy said in an e-mailed statement July 15. The second meeting of European leaders in a month follows a worsening of the crisis that drove bond yields to euro-era records for Europe’s most debt-laden nations.

EUR/USD: the pair decreased in  $1.4090 area. 
GBP/USD: the pair shown high in $1.6080 area. Later the rate receded.
USD/JPY: the pair holds at Y79.00-Y79.20.

It is a fairly sparse calendar for Europe again on Tuesday with  data limited to the 0900GMT release of both EMU construction output data for May and also the closer-watched German ZEW data for July, which is  expected to show the expectations index decline to -12.0 and the current conditions slip to 85.0.
US data starts at 1145GMT with the weekly ICSC-Goldman Store Sales data, which is followed at 1230GMT by Housing Starts and Building Permits data. The pace of housing starts is expected to rise to a 575,000 annual rate in June, which would be a second straight gain. 

07:37
Forex: Monday's review

Yesterday the dollar strengthened against a basket of rival currencies on concerns about the euro-zone debt crisis and the lack of agreement on raising the U.S. debt ceiling
The market players focus on U.S. debt ceiling talks. If the debt ceiling isn’t raised from the current $14.3 trillion by August 2, the country would face technical default.
Early Monday the rating agency Moody's suggested the US debt ceiling itself should be eliminated to bring greater stability and avoid "periodic uncertainty."
The global debt concerns overshadowed the latest corporate reports, which have been generally better than expected.
The euro fell versus major rivals. 
Italy 10-year yield rose to 6.02% - highest since November 1997. Spanish bond yields also surged euro-lifetime highs.
Also analysts determined last week’s stress test of banks in Europe was fairly relaxed, stoking continued concerns about European debt.
Late Friday the European Banking Authority’s long-awaited stress tests showed that 8 banks failed and will need 2.5 billion euros ($3.5 billion) to survive a serious downturn. 16 other lenders passed, but should raise more money.
European sovereign fears, combined with wrangling over raising the debt ceiling, have boosted safe havens.
The franc reached a new record high versus the dollar on demand for safety after ECB President Jean-Claude Trichet noted again his opposition to any restructuring of Greek debt.
The gold reached a new historical high at $1.603.80. Investors see gold as the best place to park their money when there's economic or political uncertainty.

EUR/USD: the pair  shown low in $1.4010 area. Later the rate restored and finished session in $1.4100  area.
GBP/USD: on results of yesterday's session the pair decreased in  $1.6050 area.
USD/JPY: the pair holds at Y78.90-Y79.20.

 

It is a fairly sparse calendar for Europe again on Tuesday with  data limited to the 0900GMT release of both EMU construction output data for May and also the closer-watched German ZEW data for July, which is  expected to show the expectations index decline to -12.0 and the current conditions slip to 85.0.
US data starts at 1145GMT with the weekly ICSC-Goldman Store Sales data, which is followed at 1230GMT by Housing Starts and Building Permits data. The pace of housing starts is expected to rise to a 575,000 annual rate in June, which would be a second straight gain. 

 

 

07:06
Stocks: Monday's review

Japanese markets were closed for a national holiday, keeping volumes of Asian stocks subdued.
Uncertainties about the debt deal in the U.S. and risks of contagion of the fiscal crisis in the euro zone put pressure on the markets.  As a result Asian markets closed in a red zone on Monday.
Hong Kong extended last week’s fall, as property stocks declined on worries that China’s authorities may take further steps to curb house price increases.
Amid the U.S. debt issue, stocks of some export-focused firms fell with Samsung Electronics Co. (SSNHY) down 2.3% and Hyundai Motor Co, (HYMTF)  losing 1.5%. In 2010 Korea’s exports comprised 51.6% of gross domestic product - the economy is vulnerable to sudden changes in global economic conditions
Seoul was the region’s underperformer as chipmakers suffered substantial losses amid falling semiconductor prices: the Kospi index fell 0.7 per cent to 2,130.48.
In the tech sector, Samsung Electronics fell 2.3 per cent and Hynix Semiconductor shed 4.4 per cent. Posco, the steelmaker, lost 3.3 per cent.
Hong Kong's Hang Seng Index lost 0.32 percent to 21,804.75;
China’s Shanghai Composite Index slipped 0.12 percent to 2,816.69;
Australia’s S&P/ASX 200 index ended little changed (-0.03) at 4,472.0.

Shares of banks tumbled across Europe.
In UK the FTSE 100 index lost 1.32 percent to 5,752.81 with  Royal Bank of Scotland Group PLC fell 7.1%, Barclays PLC retreated 3.84%, and Lloyds Banking Group PLC weakened 7.47%.
The German DAX 30 index dropped by 1.55 percent to 7,107.92 with  Deutsche Bank AG -4.09%, Commerzbank AG -5.95%.
The France’s CAC 40 index fell by 2.04 percent to 3,650.71: Societe Generale -5.48%, Paribas SA -3.64%, AXA SA -5.40%.
Today Italy 10-year yield rose to 6.02% - highest since November 1997. Spanish bond yields also surged euro-lifetime highs.
Also analysts determined last week’s stress test of banks in Europe was fairly relaxed, stoking continued concerns about European debt.
ECB President Jean-Claude Trichet noted again his opposition to any restructuring of Greek debt.

Stocks sold off sharply Monday and gold prices rose, as worries about Europe's debt crisis and uncertainty over the U.S. debt ceiling kept investors on edge.
U.S. stocks took their cues from Europe after results from the latest bank stress tests fanned concerns about the challenges facing the European Union as it struggles to resolve the debt crisis in Greece.
Those worries weighed on shares of U.S. financial institutions, with Bank of America (BAC, Fortune 500), Goldman Sachs (GS, Fortune 500) and Morgan Stanley (MS, Fortune 500) all trading at their lowest levels in over two years.
American Express (AXP, Fortune 500), Citigroup (C, Fortune 500), JPMorgan (JPM, Fortune 500) and Travelers (TRV, Fortune 500) were also under pressure.
But the declines were broad, with all 30 Dow components in the red. Industrial names Alcoa (AA, Fortune 500), Caterpillar (CAT, Fortune 500) and Boeing (BA, Fortune 500) were among the hardest hit.
Companies: In total, more than a fifth of the S&P 500 and half of the 30-member Dow Jones industrial average will report their results this week.
After the closing bell, IBM (IBM, Fortune 500) reported second-quarter earnings that beat analysts' expectations. The company said earnings rose 18% to $3.09 a share, versus a forecasted $3.03 a share profit.
Cisco (CSCO, Fortune 500) announced plans to cut its global workforce by 6,500 employees, including some early retirements. The move is part of a plan to save the company $1 billion a year.

06:49
Tech on USD/JPY

Resistance 3: Y79.90 (high of american session on Jul 12) 

Resistance 2: Y79.60 (session high, Jul 13 high) 
Resistance 1: Y79.30 (Jul 15 high) 
Current price: Y79.03
Support 1:Y78.90 (Jul 15-18 low)  
Support 2:Y78.50 (Jul 12 and 14 low)  
Support 3:Y78.00 (psychological mark)  
Comments: the pair holds at Y79.00 area. The immediate support - Y78.90. Below losses are possible to Y78.50. The immediate resistance - Y79.30. Above growth is possible to Y79.60.

05:42
Tech on USD/CHF

Resistance 3: Chf0.8330 (Jul 13 high)
Resistance 2: Chf0.8275 (Jul 12 high)
Resistance 1: Chf0.8200 (area of Jul 14-15 high)
Current price: Chf0.8181
Support 1: Chf0.8150 (session  low)
Support 2: Chf0.8100 (Jul 18 low)
Support 3: Chf0.8085 (Jul 14 low)
Comments: the pair holds at Chf0.8180 area. The immediate support - Chf0.8150. Below loss may extend to Chf0.8100. The immdeiate resistance Chf0.8200. Above is located Chf0.8275

05:30
Tech on GBP/USD

Resistance 3: $ 1.6190 (Jul 14 high)

Resistance 2: $ 1.6130 (Jul 18 high)
Resistance 1: $ 1.6080 (session high)
Current price: $1.6067
Support 1 : $1.6040 (session low)
Support 2 : $1.6000/90 (Jul 18 low, 50.0 % FIBO $1.5780-$ 1.6190)
Support 3 : $1.5940 (61.8 % FIBO $1.5780-$ 1.6190)
Comments: the pair grown. The immediate support - $1.6040. Below  decrease is possible to $1.6000/90. The immediate resistance - $1.6080. Above growth is possible to $1.6130. 

05:11
Tech on EUR/USD

Resistance 3: $ 1.4280 (Jul 14 high)

Resistance 2: $ 1.4200 (Jul 15 high)
Resistance 1: $ 1.4130 (session high, Jul 18 high)
Current price: $1.4101
Support 1 : $1.4095 (session low)
Support 2 : $1.4015 (Jul 18 low)
Support 3 : $1.3950 (Jul 13 low)
Comments: the pair holds in a narrow range. The immediate support - $1.4095. Below losses are possible to $1.4015. The immediate resistance $1.4130. Above growth is possible to $1.4200. 

05:05
Schedule for today, Tuesday, Jul'19'2011:

09:00 Germany ZEW economic expectations index (July) -7.0 -9.0

12:30 USA Housing starts (June), mln 0.575 0.560
12:30 USA Building permits (June), mln 0.600 0.609
13:00 Canada BOC meeting announcement 1.00% 1.00%

© 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