• 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
20.06.2011
19:17
Dow +76.33 at 12080.69, Nasdaq +15.43 at 2631.90, S&P +7.19 at 1278.90

Stocks remain shy of session highs.
The dollar continues to drift along in a tight trading range. In turn, the Dollar Index has been mired near the neutral line for the past several hours.

17:14
American focus:

The euro rose against the majority its most-traded counterparts after European leaders reassured investors a Greek default on its debts can be avoided, easing concern about a spreading regional credit crisis.
The common currency erased its decline versus the yen and dollar, as Luxembourg’s Jean-Claude Juncker said Italy was not in danger amid the euro area’s debt crisis. The Swiss franc remained higher against all its most-traded counterparts as Juncker said Greek Prime Minister George Papandreou had assured him the government would do everything ensure financial aid before the Greek parliament takes no confidence vote in his government tomorrow.
“Juncker had some comments about Italy not being in danger and these are overall soothing comments,” said Paresh Upadhyaya, head of Americas G-10 currency strategy at Bank of America Corp. in New York. “In the near-term, we’re going to be focusing on tomorrow’s no confidence vote in Greece.”
Greece needs parliamentary approval of a 78 billion-euro package ($111.6 billion) of budget cuts to ensure the payment of a fifth loan under last year’s 110 billion-euro bailout.
The new Greek finance minister, Evangelos Venizelos, who was named in Papandreou’s cabinet overhaul three days ago, came to Luxembourg with a “strong commitment” to the planned cuts that provoked street protests last week.
“We think right now, given the political shuffling Papandreou initiated with the appointment of a key rival as finance minister, it’s all but certain he will survive the vote tomorrow, said Bank of America’s Upadhyaya.

17:13
ECB Stark: financial crisis is far from over
16:27
ECB Stark: we are in the deepest crisis since 1929
16:23
ECB Stark: we are in the deepest crisis since 1929
15:54
Dow +79.35 at 12083.71, Nasdaq +8.04 at 2624.52, S&P +6.77 at 1278.27

Select semiconductor stocks are getting slapped with another round of concerted selling pressure. Advanced Micro Devices (AMD 6.77, -0.23) and Broadcom (BRCM 30.88, -0.73) are among the hardest hit names in the space. General weakness in the semiconductor space has weighed on the broader tech sector. In turn, the overall tech sector is mired at the flat line. It is the only major sector that hasn't put together any kind of a gain.

15:31
UK Treasury Minister: UK banks would be insulated from a Greek default
15:08
UK Treasury Minister: UK doesn't want to be part of Greece bailout.
15:01
UK Treasury Minister: Instability in EMU could hold back UK economy
14:30
AUD/USD retreats

AUD/USD printed session high on $1.0580 and retreated to curent $1.0566. Offers remain around $1.0580 with a break above targets next offers at $1.0610/15. Bids sitting at $1.0545/50.

14:08
EUR/JPY goes higher

EUR/JPY continues to go higher after it triggered resistance between Y114.65/75. Ctoss printed a high of Y114.88. Next level of resistance comes at Y115.15/20, further - at Y115.65/70. Initial support is around Y114.65/55. Cross currency holds around Y114.80.

13:55
IMF: EMU debt crisis could cut economic outlook
  • without decisive action EMU and global economy may be hurt;
  • we need further support from EMU to bailout countries;
  • need to widen EFSF;
  • have to finish debate on debt restructuring/reprofiling as soon as possible;
  • normalization of monpol should proceed gradually.

 

13:37
Option expiries for today's 1400GMT cut,

EUR/USD: $1.4200, $1.4345-50, $1.4400, $1.4125, $1.3925
USD/JPY: Y80.00, Y79.30, Y79.00, Y81.40
EUR/JPY: Y117.50
GBP/USD: $1.5950
AUD/USD: $1.0535, $1.0600
AUD/JPY: Y84.00

13:19
Before the bell: Stocks focuses on Greece

U.S. stocks futures point to a lower open Monday, after European officials failed to agree on a solution for Greece's debt crisis.
Greek debt woes continue to make pressure on stock markets around the world as investors worry that the country will default.
European finance ministers said Monday that Greece won't receive fresh loans until mid-July.  Adding fuel to the fire, credit agency Moody's said Friday that it may downgrade Italy.
Despite Moody's warning, the Dow managed to break its six-week losing streak.

Companies: Ford Motor Co. (F, Fortune 500) plans to invest $1 billion in its Lincoln brand. Shares of the automaker fell 1% in premarket trading.
PNC Financial Services Group (PNC, Fortune 500) said early Monday that it will buy the U.S. retail banking division of Royal Bank of Canada (RY) for $3.45 billion.
There is no major data for today.

13:04
GBP/USD challenges $1.6200 right now after breaking above an Asian high at $1.6194. rate may expose stops above $1.6200 to go further to $1.6220/30.
12:51
AUD/USD rises

AUD/USD gets firmer to $1.0533, following the euro's gains. Initial support sitting at $1.0495/00. Resistance levels at $1.0575/80 with a break above opens a move towards $1.0610/15.

12:36
EUROGROUP, Juncker: Important Greece parliament comes to agreement
  • still risks for EMU remain, including periphery;
  • programs in Ireland, Portugal going well;
  • Eurogroup satisfied with Ireland and Portugal.
12:34
EUROGROUP, Juncker: Important Greece parliament comes to agreement
  • still risks for EMU remain, including periphery;
  • programs in Ireland, Portugal going well;
  • Eurogroup satisfied with Ireland and Portugal.
12:16
EUR/GBP continues to be under pressure, but it did not drag under stg0.8791. Next support of note seen down at stg0.8775/70.
11:58
EU session review: Euro weakens on delayed agreement for Greek bailout

Data released:
06:00     Germany     PPI (May)    0.0%    0.1%    1.0%
06:00     Germany     PPI (May) Y/Y    6.1%    -    6.4%
08:00     EU(17)     Current account (April) adjusted, bln     -5.1    -    -3.0 (-4.7)

The euro remains under pressure after European governments failed to agree on releasing a loan payment to spare Greece from default on its debts.
“The euro is still very vulnerable due to the uncertainty about the outlook for Greece,” said Niels Christensen, chief currency strategist at Nordea Bank AB. “The risk is that the euro-dollar moves back down to around $1.40 by the end of this week.”
Papandreou kicked off a three-day debate yesterday on a confidence motion in his government. He called for the vote last week after opposition parties rejected pleas for national consensus and the prime minister’s handling of the crisis led to defections from his party. Antonis Samaras, leader of New Democracy, the largest opposition party in Greece, repeated his call for elections.
Greece needs approval of a 78 billion-euro package of budget cuts to ensure the payment of a fifth loan under last year’s 110 billion-euro bailout. Euro-area finance ministers pushed Greece to pass laws to cut the deficit and sell state assets, and left open whether the country will get the full 12 billion euros promised for next month.

EUR/USD recovered to $1.4256 after it tested bids on $1.4100/90. But it failed to set above. Euro retreated to $1.4220.

GBP/USD continues to hold around session highs on $1.6180 after it challenged lows around $1.6106.

USD/JPY fell to Y80.00 before it was back to Y80.38 and remains above the figure.

There is no major data for today.

11:35
Analysts at Goldman says they cut Q2 growth estimate to 2% from 3% and forecast Jun manufacturing ISM at 52.0.
11:26
Analysts at JPM look optimistic about Q3 outlook but they say this depends "on automaker plans to step up production and lower gasoline prices, hopefully spurring consumer spending."
10:36
EU focus: Greek aid in focus

The euro recovered Monday amid hopes for some progress on Greece's debt crisis, but the common currency remained vulnerable to any news from Greece and EU officials comments.
EMU finance ministers began a two-day meeting on Sunday to decide whether to give a E12 billion tranche of emergency loans to Greece. They will also discuss proposals for a second bailout that could be worth some 120 billion euros.
On Friday, leaders of Germany and France held out hopes for the second rescue package after they agreed on how to involve private holders of Greek bonds.
"The EUR will continue to remain dependent on Greece. If news turns ugly ... we could see EUR/CHF extend further below the 1.1950 record low," BNP Paribas analysts say.
Markets are also closely watching the result of a vote of confidence faced by the newly reshuffled Greek cabinet.

The dollar also weakened against the yen. A FOMC meeting on June 21-22 is unlikely to offer any support for the dollar.
The U.S. central bank is expected to hold interest rates near zero for an extended period.

10:18
Euro supports EUR/JPY

Euro rise after news from Greece lifted EUR/JPY to keep higher. Currently cross trades near Y114.36. Support mentioned under Y114.00 - at Y113.75 with a break under widens losses. While resistance may cap the rise at Y114.65/75.

09:36
GBP/USD recovered

GBP/USD recovered from session lows around $1.6109 to hourly highs on $1.6174 - key resistance (76.4% Fibo of $1.6194/1.6109 move). Rate currently trades around $1.6164. Set above $1.6160 opens a way to $1.6195/00.

09:09
EUR/JPY holding currently at Y114.40 after falling to Y113.60 in Asia. Cross earlier broke above resistance at Y114.25. Now the target is on Y114.65/75.
08:48
EUR/GBP recovers

EUR/GBP recovers from session lows around stg0.8796. Cross currently holds around stg0.8808. A break and clear below stg0.8800 to open a deeper move toward stg0.8775/70.

08:36
Option expiries for today's 1400GMT cut,

EUR/USD: $1.4200, $1.4345-50, $1.4400, $1.4125, $1.3925
USD/JPY: Y80.00, Y79.30, Y79.00, Y81.40
EUR/JPY: Y117.50
GBP/USD: $1.5950
AUD/USD: $1.0535, $1.0600
AUD/JPY: Y84.00

08:23
EUROPEAN STOCKS: CAC-40 opens down 64.76pts at 3758.98.
08:01
EU(17) Current account (April) adjusted, -5.1bln
06:55
Stocks: Weekly review

Asian stocks fell, capping a benchmark index’s longest weekly losing streak since 2004, amid concern that Greece may default on its sovereign debt and potentially derail a global economic recovery.
Esprit Holdings Ltd., a global fashion retailer that gets most of its revenue from Europe, slid 4.1 percent in Hong Kong. Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, sank 3.8 percent. Samsung Electronics Co. slumped 3.4 percent in Seoul after Research In Motion Ltd. (RIMM), which makes BlackBerry phones, said quarterly revenue may drop.
The MSCI Asia Pacific Index dropped 0.4 percent to 129.30 as of 7:02 p.m. in Tokyo, after earlier gaining as much as 0.3 percent. The gauge has lost 2.1 percent this week.
The Asia-Pacific gauge rounded out its seventh straight weekly decline amid concern that a recovery from the global recession may be derailed by Europe’s sovereign debt crisis and China’s steps to control inflation. That exceeds the six-week streak that occurred in the aftermath of the collapse of Lehman Brothers Holdings Inc. in 2008.
The MSCI Asia Pacific Index lost 5.7 percent this year through yesterday, compared with a gain of 0.8 percent by the S&P 500 and a drop of 3.3 percent by the Stoxx Europe 600 Index.
European stocks gained as German Chancellor Angela Merkel retreated from demands that bondholders shoulder a “substantial” part of the cost of a Greek rescue.
National Bank of Greece SA (ETE) soared 8.5 percent. Banca Popolare di Milano Scrl jumped 12 percent following a report that BNP Paribas SA made an offer for the bank.
The Stoxx Europe 600 Index rose 0.2 percent to 267.17 at the 4:30 p.m. close in London, trimming the gauge’s drop this week to 0.4 percent. The benchmark gauge has declined for seven consecutive weeks, its longest losing streak since 2008, as concern mounted that Greece will default on its debt.
Greek Prime Minister George Papandreou fired his finance minister in a Cabinet overhaul aimed at fending off a rebellion from within the ruling Pasok party and ensuring the passage of austerity measures needed to qualify for a bailout. European stocks fell to a three-month low yesterday after Papandreou said he would reshuffle the Cabinet and seek a confidence vote.
European stocks rallied as Merkel signaled her willingness to compromise on German demands that bondholders shoulder a “substantial” share of a Greek rescue, saying she’ll work with the European Central Bank to resolve the Mediterranean nation’s sovereign-debt crisis.
Sarkozy said a “breakthrough” had been made on the Greek debt crisis, following his meeting with Merkel.
U.S. stocks were poised to snap a six-week decline as European leaders moved closer to a compromise on a financial rescue for Greece and an index of leading American economic indicators beat estimates.
Wells Fargo & Co. (WFC) and Citigroup Inc. (C) rose at least 1.1 percent, following gains in European banks. BJ’s Wholesale Club Inc. (BJ) rallied 1.4 percent as shareholders Leonard Green & Partners LP and CVC International made a proposal to buy the third-largest U.S. warehouse-club chain. The Bloomberg U.S. Airlines Index of 11 stocks gained 3.2 percent as oil declined to the lowest level in almost four months.
The Standard & Poor’s 500 Index rose 0.3 percent to 1,271.40 at 1:01 p.m. in New York. The benchmark gauge has added less than 0.1 percent since June 10, preventing the longest weekly slump since March 2001.

06:55
Stocks: Weekly review

Asian stocks fell, capping a benchmark index’s longest weekly losing streak since 2004, amid concern that Greece may default on its sovereign debt and potentially derail a global economic recovery.
Esprit Holdings Ltd., a global fashion retailer that gets most of its revenue from Europe, slid 4.1 percent in Hong Kong. Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, sank 3.8 percent. Samsung Electronics Co. slumped 3.4 percent in Seoul after Research In Motion Ltd. (RIMM), which makes BlackBerry phones, said quarterly revenue may drop.
The MSCI Asia Pacific Index dropped 0.4 percent to 129.30 as of 7:02 p.m. in Tokyo, after earlier gaining as much as 0.3 percent. The gauge has lost 2.1 percent this week.
The Asia-Pacific gauge rounded out its seventh straight weekly decline amid concern that a recovery from the global recession may be derailed by Europe’s sovereign debt crisis and China’s steps to control inflation. That exceeds the six-week streak that occurred in the aftermath of the collapse of Lehman Brothers Holdings Inc. in 2008.
The MSCI Asia Pacific Index lost 5.7 percent this year through yesterday, compared with a gain of 0.8 percent by the S&P 500 and a drop of 3.3 percent by the Stoxx Europe 600 Index.
European stocks gained as German Chancellor Angela Merkel retreated from demands that bondholders shoulder a “substantial” part of the cost of a Greek rescue.
National Bank of Greece SA (ETE) soared 8.5 percent. Banca Popolare di Milano Scrl jumped 12 percent following a report that BNP Paribas SA made an offer for the bank.
The Stoxx Europe 600 Index rose 0.2 percent to 267.17 at the 4:30 p.m. close in London, trimming the gauge’s drop this week to 0.4 percent. The benchmark gauge has declined for seven consecutive weeks, its longest losing streak since 2008, as concern mounted that Greece will default on its debt.
Greek Prime Minister George Papandreou fired his finance minister in a Cabinet overhaul aimed at fending off a rebellion from within the ruling Pasok party and ensuring the passage of austerity measures needed to qualify for a bailout. European stocks fell to a three-month low yesterday after Papandreou said he would reshuffle the Cabinet and seek a confidence vote.
European stocks rallied as Merkel signaled her willingness to compromise on German demands that bondholders shoulder a “substantial” share of a Greek rescue, saying she’ll work with the European Central Bank to resolve the Mediterranean nation’s sovereign-debt crisis.
Sarkozy said a “breakthrough” had been made on the Greek debt crisis, following his meeting with Merkel.
U.S. stocks were poised to snap a six-week decline as European leaders moved closer to a compromise on a financial rescue for Greece and an index of leading American economic indicators beat estimates.
Wells Fargo & Co. (WFC) and Citigroup Inc. (C) rose at least 1.1 percent, following gains in European banks. BJ’s Wholesale Club Inc. (BJ) rallied 1.4 percent as shareholders Leonard Green & Partners LP and CVC International made a proposal to buy the third-largest U.S. warehouse-club chain. The Bloomberg U.S. Airlines Index of 11 stocks gained 3.2 percent as oil declined to the lowest level in almost four months.
The Standard & Poor’s 500 Index rose 0.3 percent to 1,271.40 at 1:01 p.m. in New York. The benchmark gauge has added less than 0.1 percent since June 10, preventing the longest weekly slump since March 2001.

06:28
Tech on USD/CHF

Resistance 3: Chf0.8610 (50.0 % FIBO Chf0.8890-Chf0.8330)

Resistance 2: Chf0.8550 (Jun 15-16 high)
Resistance 1: Chf0.8520 (session high)
Current price: Chf0.8495
Support 1: Chf0.8480 (session low)
Support 2: Chf0.8440 (Jun 15 low)
Support 3: Chf0.8420 (МА (200) for Н1)
Comments: the pair become stronger. The immediate resistance Chf0.8520. Above is located Chf0.8550. The immediate support - Chf0,8480. Below loss may extend to Chf0.8440. 

06:04
Tech on GBP/USD

Resistance 3: $ 1.6270 (high of american session on Jun 15, МА (200) for Н1)

Resistance 2: $ 1.6230 (Jun 16 high)
Resistance 1: $ 1.6195 (Jun 17 high)
Current price: $1.6123
Support 1 : $1.6110 (support line from Jun 16)
Support 2 : $1.6070 (May 24 and Jun 16 low)
Support 3 : $1.5940 (low of March)
Comments: the pair decreases. The immediate support $1.6110. Below decrease is  possible to $1.6070. The immediate resistance - $1.6195. Above growth is possible to $1.6230. 

06:02
GERMANY DATA: May PPI unch m/m, +6.1% y/y
05:55
Tech on EUR/USD

Resistance 3: $ 1.4500 (area of Jun 14 high)

Resistance 2: $ 1.4390 (МА(200) for Н1)
Resistance 1: $ 1.4320 (resistance line from Jun 9)
Current price: $1.4223
Support 1 : $1.4210 (support line from Jun 16)
Support 2 : $1.4125 (Jun 17 low)
Support 3 : $1.4070 (Jun 26 and May 16 low)

Comments: the pair decreased. The immediate support $1,4210. Below losses are possible to $1.4125. The immediate resistance $1.4320. Above growth is possible to $1,4390. 

05:24
Schedule for today, Monday, Jun 20'2011:

06:00 Germany PPI (May) - 1.0%

06:00 Germany PPI (May) Y/Y - 6.4%
08:00 EU(17) Current account (April) adjusted, bln - -4.7

© 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