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25.07.2011
20:05
US Stocks close: Dow 12,593 -88 -0.70%, Nasdaq 2,843 -16 -0.56%, S&P 5001,337 -8 -0.56%
19:37
Dow -42.23 at 12,638.90, Nasdaq -1.92 at 2,856.91, S&P -2.18 at 1,342.84

S&P industry groups are trading mixed. Financial sector have been hit the hardest (-3.3%) amid falling shares of benks:  Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and Barclays PLC (BCS) -4%, Barclays PLC (STD) and Barclays PLC (AGO) -3%.

19:27
Crude oil appeared under pressure:

The oil fell while the gold rose to a record high amid a lack of progress in the U.S. debt ceiling talks, that boosts concern the world’s largest economy may default. This hurts demand in commodities and rises demand for "save haven".
Currently September WTI Crude oil is at $99.21 per barrel (-0.71%).

19:13
Reid & Schumer press conf ended. The compromise wasn't reached.
19:09
Gold treated from new record high
Gold futures for August delivery retreated to $1,613 per ounce (+0.70%). Today the gold prices reached a new historical high at $1,624.30. The prices rose on concern about U.S. debt ceiling.
18:48
Crude oil appeared under pressure:
The oil fell while the gold rose to a record high amid a lack of progress in the U.S. debt ceiling talks, that boosts concern the world’s largest economy may default. This hurts demand in commodities and rises demand for "save haven". Currently September WTI Crude oil is at $99.15 per barrel (-0.73%).
18:38
Crude oil appeared under pressure:
The oil fell while the gold rose to a record high amid a lack of progress in the U.S. debt ceiling talks, that boosts concern the world’s largest economy may default. This hurts demand in commodities and rises demand for "save haven". Currently September WTI Crude oil is at $99.27 per barrel (-0.60%).
18:37
Crude oil appeared under pressure:
The oil fell while the gold rose to a record high amid a lack of progress in the U.S. debt ceiling talks, that boosts concern the world’s largest economy may default. This hurts demand in commodities and rises demand for "save haven". Currently September WTI Crude oil is at $99.27 per barrel (-0.60%).
18:27
US debt ceiling: Sen. Reid сonfirmed his debt hike plan would cut spending by $2.7T
17:31
Dow -39.36 at 12,641.80, Nasdaq -2.96 at 2,855.87, S&P -3.27 at 1,341.75

Currently S&P industry groups are mixed within the range of 0.6%. But Financial sector is significant lower (-3.1%) amid a falling shares of banks: Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) и Barclays PLC (BCS) -4%, Barclays PLC (STD) и Barclays PLC (AGO) -3%.

17:26
US focus: market players focus on US debt ceiling

The US dollar falls against a basket of rival currencies as U.S. lawmakers failed to agree on raising the nation’s $14.3 trillion debt ceiling and Greece’s credit rating was cut.

The euro bounces back after its drop amid investors are in a gloomy mood after Moody's Investors Service cuts Greece's credit rating three notches to Ca, their second lowest rating, from Caa1 and assigned a developing outlook to the ratings.

Canada’s dollar is at the highest level since November 2007 as investors sought shelter after U.S. lawmakers failed to find consensus on raising the nation’s $14.3 trillion debt ceiling. The loonie capped a second-straight weekly gain on July 22 on speculation the nation’s central bank will raise interest rates at least once this year.

Switzerland’s franc strengthened to a record against the dollar on demand for the safest assets amid U.S. debt ceiling talks and downgrade of Greece

The yen retreats from today’s advance against 15 of 16 major peers, including US dolar.

17:09
EUR/USD rebounded to $1.4380

Initial support is near $1.4320/25 (38.2% Fibo level of $1.4140-$1.4440 move, Jul 22 low). The next one is at $1.4290 (50.0% Fibo). Minor resistance is at $1.4440. The rise may move to $1.4480.

16:44
Italy has cancelled its medium-long term bond auctions scheduled for mid-August 2011 due to "large cash availability and the limited borrowing requirement".
16:31
GBP/USD consolidates:

The pair remains at $1.6290 after the London close after trading essentially sideways below $1.6300 for the last couple of hours. Earlier offers reported around $1.6300 and likely are residual interest still in place.Фунт завершает европейскую сессию в области $1.6390 против доллара. Последние несколько часов наблюдается боковое движение пары на выше $1.6300. Ранее скопление ордеров на продажу было отмечено на $1.6300 и, вероятнее всего, интерес к этому уровню не изменился.

16:00
European stocks close: FTSE -10 at 5,925 CAC -30 at 3,813 DAX +18 at 7,345
16:00
European stocks close: FTSE -10 at 5,925 CAC -30 at 3,813 DAX +18 at 7,345
15:39
Dow -59.26 at 12,621.90, Nasdaq -12.43 at 2,846.40, S&P -6.70 at 1,338.32

The markets continue to suffer losses on concern about the apparent impasse in a politically negotiated settlement talks to raise the U.S debt ceiling and after Greece's debt was downgraded again.

15:00
BofA/ML about US economy

"The debt ceiling debate continues: we expect a last minute short-term solution. In the meantime, the recovery remains fragile with a likely downward revision to GDP growth for the prior two years."

13:58
Option expiries for today's 1400GMT cut
EUR/USD $1.4285
USD/JPY Y78.20, Y78.60, Y79.20, Y79.50, Y80.00
EUR/JPY Y111.75, Y114.80
AUD/USD $1.0750

13:21
Before the bell: Wall Street poised to drop

U.S. stocks were headed for early declines Monday, after Congress failed to find common ground on a deal to raise the debt ceiling over the weekend.
On weekends the negotiations faltered and both parties indicated they would pursue separate legislative tracks.
If Congress fails to raise the $14.3 trillion debt limit, Americans could face rising interest rates and a declining dollar, among other problems.

World markets: European stocks edged lower in morning trading. Britain's FTSE 100 slipped 0.2%, the DAX in Germany was little changed and France's CAC 40 fell 0.4%.
Asian markets ended the session lower. The Shanghai Composite dropped 3%, the Hang Seng in Hong Kong lost 0.7% and Japan's Nikkei fell 0.8%.
Companies: Shares of BlackBerry maker Research in Motion (RIMM) fell more than 2% after the company announced it was laying off 2,000 employees -11% of its workforce.
ETrade (ETFC)'s stock jumped more than 5% on talk that TDAmeritrade (AMTD) may consider a bid for the online brokerage.
After the market close, investors will get results from chipmaker Texas Instruments (TXN, Fortune 500) and video rental company Netflix (NFLX).
The results from Netflix will be closely watched, in part due to massive run Netflix shares have had run this year - up nearly 60%.


12:51
RBS on earnings

As of Friday's close, RBS strategists observed that the earnings growth rate for the S&P 500 for Q3 2011 was at 16.7%. Of the 88 (28%) S&P 500 companies who have reported Q2 earnings, 75% beat estimates, 13% were in-line, and 12% were below estimates.

12:31
CORPORATE NEWS:

Kimberly-Clark Corp's (NYSE: KMB) Q2 earnings beat analysts estimates today. According to the figures, earnings rose to $1.18 per share versus expectations of $1.15.

12:20
Schneider Foreign Exchange on Canada

“There’s room for the Canadian economy to continue with a relatively strong degree amid EU sovereign-debt problems", Stephen Gallo, head of market analysis at Schneider Foreign Exchange, said. “I’d be very surprised if a portion of the recent strength we’ve seen in the Canadian dollar weren’t related to safe-haven flows.”

11:52
EU session review: Swiss franc rises on safe-haven demand

Data released:
08:00     Italy     Consumer confidence (July)    103.7    104.0    105.8

Investors buy the safe-haven currencies like the Swiss franc and yen today as global sovereign debt concerns were heightened by a further downgrade of Greece and the continuing political disputes in the US over the country’s debt ceiling.
Moody’s, the rating agency, on Monday downgraded Greek sovereign debt by three notches, saying that following last week’s €159bn bail-out by the European Union and International Monetary Fund, the country’s second major rescue pay-out, the risk of default was now almost a certainty.
“The announced programme implies that the probability of a distressed exchange, and hence a default, on Greek government bonds is virtually 100 per cent,” Moody’s said. But the rating agency was broadly positive about the bail-out, adding that Greece could now stabilise and eventually reduce its overall debt burden.
The situation in the US also dominated investors’ concerns, as meetings between President Obama and senior Republicans to discuss lifting the country’s debt ceiling to avoid default ended in stalemate.
Although the dollar was broadly weaker it still managed gains against the pound as UK data disappointed. Research institute Markit revealed that UK household finances were at the weakest level since its survey started in 2009.

EUR/USD failed to break above $1.4400 and retreated to  the lows around $1.4357. Rate still remains under pressure.

GBP/USD holds within the $1.6260/$1.6310 range.

USD/JPY continues to recover after it teated bids ahead of Y78.00. Rate currently holds around Y78.34.

There is no major US data for today.

11:12
EUR/JPY above lows

EUR/JPY holds above earlier printed lows around Y112.07. Cross currently holds near Y112.36. Offers remain at Y112.80, extending to Y113.00. Bids at lows.

10:53
UK, UK PM Cameron: 2011 is going to be a tough year
10:31
USD/JPY tries to recover after testing bids around session lows on Y78.03. Rate currently holds near Y78.13.
10:09
EUR/USD holds higher

EUR/USD holds higher after breakng above $1.4384 (61.8% Fibo of $1.4418/1.4330) and extends recovery to $1.4395. Next resistance seen at $1.4395/00 (76.4%).  Break above opens a move toward the overnight highs at $1.4418 with offers seen placed on approach to $1.4420.

09:43
AUD/USD retreats

AUD/USD retreats from session high on $1.0834 to current $1.0828. Small stops reported of note at $1.0890 ($1.0889 May 11 high), further stops at $1.0925 and $1.0950. Next target comes at $1.1012 (2 May high). On the downside stops through $1.0790/85, bids behind at $1.0775/70.

09:26
FTSE 5,934 -1.31 -0.02%, CAC 3,837 -6.15 -0.16%, DAX 7,327 +0.96 +0.01%
09:11
Option expiries for today's 1400GMT cut:

EUR/USD $1.4285
USD/JPY Y78.20, Y78.60, Y79.20, Y79.50, Y80.00
EUR/JPY Y111.75, Y114.80
AUD/USD $1.0750

08:56
EUR/USD rose at $1.4375 area

Getting flashed up from a few directions that middle east seen showing good demand incurrent trade. Rate trades around $1.4375,  but remains off retrace level at $1.4384 (61.8% $1.4418/1.4330).

08:07
Asia Pacific stocks close:

 

Nikkei  10,050 -82.10 -0.81% 
Hang Seng 22,259 -185.34 -0.83% 
S&P/ASX  4,530 -72.50 -1.58% 
Shanghai Composite 2,689 -82.04 -2.96%

 

08:02
Asian session: the dollar reach new historical high against franc

Data:
01:30 Australia Producer Price Index (YoY) (Q2) 3.4%
01:30 Australia Producer Price Index (QoQ) (Q2) 0.8%

The dollar slid toward a record low against the Swiss franc after U.S. lawmakers failed to agree on raising the nation’s $14.3 trillion debt ceiling, boosting the odds of a default as soon as next week.
The franc and yen rose against most of their major peers as Republicans prepared to force action on a shorter-term extension of the debt limit than President Barack Obama has requested, spurring demand for the currencies as havens. 
Gains in the yen were limited on speculation Japan will intervene in markets to stop its appreciation. The euro pared its advance after Moody’s Investors Service cut Greece’s sovereign credit rating.
Gains in the yen were limited after it reached levels that spurred coordinated selling of the currency in March. Bank of Japan Governor Masaaki Shirakawa said today that the yen’s strength could hurt the economy and the central bank is ready to take appropriate action as needed.
The euro dropped for the first time in three days against the franc after Moody’s slashed its long-term foreign currency debt rating on Greece to Ca from Caa1. The European Union support package for Greece allows the country an “orderly default” and buys time, according to Moody’s.

EUR/USD: the pair   shown high at $1.4400 area then started to decrease.
GBP/USD: the pair  shown high at $1.6330 area then started to decrease.
USD/JPY: the pair  began session at  Y78.20 area, showed high at Y78.60 area and  decreased.

07:11
Stocks: Weekly review

All Asian markets, except Chinahis have closed week significant higher.
By the end of the week the Japan’ Nikkei 225 index added 1.58% to 10,132.10;
Hong Kong's Hang Seng rose by 2.60% to 22,444.80;
Australian’ S&P/ASX 200 climbed by 2.89% to 4,602.90;
China’ Shanghai Composite Index fell by 1.75% to 2,770.8.
Most Asian markets notched up weekly gains as investors were cheered by the latest attempts to address the sovereign debt crisis in Europe but Chinese shares were hampered by ongoing concerns over interest rates.
Esprit Holdings , the fashion group that makes much of its sales in Europe, climbed 11.5 per cent.
Cnooc , China’s biggest offshore oil producer by sales, fell 3.3 per cent over the week after agreeing to acquire OPTI Canada, the bankrupt Calgary-based oil sands producer, for $2.1bn including debt. In response, Nomura cut its rating on Cnooc.
Seoul stocks were broadly higher but its shipbuilders had a tough week after Hyundai Heavy Industries revealed a 10 per cent drop in second-quarter profit.
Shares in Hyundai Heavy fell 9.8 per cent by the week. Rivals also fell with Samsung Heavy Industries down 5 per cent and Daewoo Shipbuilding & Marine Engineering off 3.9 per cent.
LG Display , the world’s second-largest flat screen maker by sales, fell 3.6 per cent during the last two sessions of the week after its second-quarter net profit tumbled 96 per cent from a year earlier, forcing the company to cut 2011 capital expenditure by 18 per cent.
Tokyo’s Nikkei 225 Average climbed 1.6 per cent to 10,132.11 on the week, thanks to a robust performance from its banking sector. Mitsubishi UFJ Financial Group climbed 3.6 per cent.

The major European market also closed the week in green zone
The markets received support from reduced woes about the EU sovereign-debt contagion an yesterday EU leaders agreed on a second rescue package for Greece.
At an emergency summit in Brussels EU leaders reached an agreement on a solution to the debt crisis of the euro zone.
This agreement provides Greek debt restructuring deal and an expanding of size and rights of the existing mechanism of the European Financial Stability Facility. The Greek financing package will consist of 109 billion euros from the euro region and the International Monetary Fund.
But European Union officials said that the contain of Greece’s debt crisis won’t be enough to solve all problems in eurozone. Fitch Ratings said the part of the aid plan related to private-sector participation will constitute a “restricted default.”
Many of the banks that had been among the heaviest sold stocks in recent weeks were higher over the week: National Bank of Greece soared by 27.6%, Italian Intesa Sanpaolo and UniCredit rose by 10.8% and 9.1%, Spanish and Bankinter Bankinter climbed by 14.6% and 8.3% respectively, the German Commerzbank gained by 12.8%, Belgian Dexia surged 19% franzuzky Crédit Agricole grew by 11.3%.
It was a tough week for Swedish household appliance maker Electrolux, which warned on Tuesday that profits would be hit by weak demand and rising raw materials costs. Its shares lost 16.6 per cent over the week .
Ericsson, the Swedish mobile phone and networks group, fell by 7 per cent  after Thursday’s second-quarter earnings announcement disappointed. Rival Nokia, however, rose 5.1 per cent over the week after it made reassuring comments about its alliance with Microsoft, which overshadowed its loss of share in the smartphone market.
EADS and some of its suppliers rose this week after American Airlines signed a multibillion-dollar order for 460 new aircraft to replace its ageing fleet.

"Blue Chips" finished weekly trading in positive
At the end of the week S&P 500 gained by 2.20% to 1,345.10;
NASDAQ Composite soared by 2.47% to 2,856.66;
Dow Jones Industrial Average climbed by 1.61% to 12,695.80, despite its decline on Friday.
Senate defeats House "Cut, Cap and Balance" budget plan. Senators voted 51-46. Sen Reid said the debt agreement is "not close" and no more Senate votes until Monday PM.
This week the U.S. markets moved on the uncertainty about the ongoing U.S. debt ceiling drama and debt problems of Greece in Europe. The earnings season also had a significant impact on the markets.
US equities were struggling for direction on Friday, but were set for solid weekly gains as the second quarter earnings season heated up, led by stellar results from Apple whose stock hit a record.
The S&P 500 was trading up 0.1 per cent at 1,344.40 at midday in New York and was on course for a weekly rise of 2.1 per cent.
The Nasdaq Composite was up 0.5 per cent at 2,849.19 with a weekly gain of 2.1 per cent.
Overall, S&P 500 earnings growth in the second quarter is set to rise 9.2 per cent year-on-year, up from a forecast of 7.1 per cent at the start of this week, according to FactSet. That sets the S&P up for its first single-digit earnings gain after six quarters of double-digit results.
So far this earnings season, 127 companies have reported their results with 84 beating estimates, a little higher than the run rate in prior quarters, and with 16 missing estimates, said John Butters, senior analyst at FactSet.
 

07:05
Forex: Weekly review

The euro rallied sharply this week as European leaders struck a second bail-out deal for debt-stricken Greece.
The single currency climbed to a two-week high against the dollar as confidence rose that the €109bn rescue package for Greece agreed at an EU summit on Thursday could contain the eurozone’s debt crisis.
Over the week, the euro rose 1.4 per cent to $1.4352 against the dollar, climbed 0.4 per cent to Y112.40 against the yen and was 0.4 per cent stronger at £0.8807 against the pound.
The single currency also advanced against the Swiss franc, which has surged higher in recent months as investors have sort refuge from the eurozone debt crisis.
The euro, which just on Monday hit a record low of SFr1.1403 against the Swiss franc, rose 1.6 per cent to SFr1.1723 on the week.
The Swiss franc also dropped 0.2 per cent to SFr0.8165 against the dollar and was down 1.2 per cent at SFr1.3303 against the pound.
Other European currencies also advanced while haven demand for the dollar eased as the rescue deal boosted investor sentiment. Ongoing wrangling in Washington over a new budget deal also weighed on the dollar.
The pound rose 1 per cent to $1.6295 against the dollar on the week, the Swedish krona climbed 1.9 per cent to SKr6.3530 and the Norwegian krone gained 2.3 per cent to NKr5.4285.
Rising risk appetite also boosted commodity-linked currencies with the Australian dollar climbing 2 per cent to $1.0850 against the US dollar on the week and the New Zealand dollar rising 2.2 per cent to a fresh 30-year high of $0.8642.
Over the week, the dollar also dropped 1 per cent to Y78.28 against the yen.

06:56
Moody's downgraded Greece's ratings 3 notches to Ca from Caa1 and assigned a developing outlook to the ratings.
06:15
Tech on USD/JPY

Resistance 3: Y79.30 (Jul 15 and 20 high) 

Resistance 2: Y79.00 (Jul 21 high) 
Resistance 1: Y78.70 (Jul 22 high) 
Current price: Y78.47
Support 1:Y78.20 (Jul 21 low, session low)  
Support 2:Y78.00 (psychological mark)  
Support 3:Y77.10 (Mar 17 low)  
Comments: the pair holds at  Y78.50 area. The immediate support - Y78.20. Below losses are possible to Y78.00. The immediate resistance - Y78.70. Above growth is possible to Y79.00.

06:13
Tech on USD/CHF

Resistance 3: Chf0.8250 (Jul 22 high)

Resistance 2: Chf0.8180 (close price of the last week)
Resistance 1: Chf0.8160 (session high)
Current price: Chf0.8127
Support 1: Chf0.8120 (session low)
Support 2: Chf0.8100 (Jul 18 low)
Support 3: Chf0.8075 (Jul 14 low)
Comments: the pair decreased. The immediate support - Chf0.8120. Below loss may extend to Chf0.8100. The immediate resistance Chf0.8160. Above is located Chf0.8180. 

06:11
Tech on GBP/USD

Resistance 3: $ 1.6440 (Jun 14 high)

Resistance 2: $ 1.6380 (38.2 % FIBO $1.6750-$ 1.5780)
Resistance 1: $ 1.6340 (Jul 21 high)
Current price: $1.6286
Support 1 : $1.6260 (38.2 % FIBO $1.6120-$ 1.6340, Jul 22 low)
Support 2 : $1.6230 (50.0 % FIBO $1.6120-$ 1.6340)
Support 3 : $1.6200 (area of Jul 14 low and 61.8 % FIBO $1.6120-$ 1.6340)
Comments: the pair holds in narrow range. The immediate support - $1.6260. Below  decrease is possible to $1.6230. The immediate resistance - $1.6340. Above growth is possible to $1.6380. 

06:08
Tech on EUR/USD

Resistance 3: $ 1.4580 (high of July)

Resistance 2: $ 1.4480 (resistance line from May)
Resistance 1: $ 1.4440 (Jul 21-22 high)
Current price: $1.4383
Support 1 : $1.4320 (38.2 % FIBO $1.4140-$ 1.4440, Jul 22 low)
Support 2 : $1.4290 (50.0 % FIBO $1.4140-$ 1.4440)
Support 3 : $1.4250 (61.8 % FIBO $1.4140-$ 1.4440)
Comments: the pair holds in narrow range. The immediaate support - $1.4320. Below losses are possible to $1.4290. The immediate resistance $1.4440. Above growth is possible to $1.4480. 

05:56
Schedule for today, Monday, Jul'25'2011:

01:30 Australia Producer Price Index (YoY) (Q2) 3.4% 3.1% 2.9%

01:30 Australia Producer Price Index (QoQ) (Q2) 0.8% 0.6% 1.2%
22:45 New Zealand Trade Balance (Jun) 404M 605M

04:02
Календарь на сегодня, понедельник, 25 июля 2011 года:

01:30 Австралия Индекс цен производителей, кв/кв  II кв +1.2% +0.6% 
01:30 Австралия Индекс цен производителей, г/г II кв +2.9% 
22:45 Новая Зеландия Торговый баланс, млн  Июнь 605 404 

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