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Market news

16 February 2011
  • 19:06

    FED: Jan 25-26 FOMC minutes do not show raucous debate.

    Staff economic ests were revised up and members "expressed greater confidence that the econ recovery would be sustained and would gradually strengthen." Some
    said strength in winter data, such as more exports and auto sales, could prove temporary, thus medium term econ to remain restrained. Some worry about energy/commodities as upside inflation risks, but others said pass-thru is small and large resource slack will restrain prices. On QE: "A few members remained unsure of the likely effects of the asset purchase program on the economy, but felt that making changes to the program at this time was not appropriate." Members emphasized will "regularly review" QE. Some said "a sufficiently strong recovery could make it appropriate to consider reducing the pace or overall size of the purchase program. However, others pointed out that it was unlikely that the outlook would change by enough to substantiate any adjustments."
    FOMC central tendency ests for econ & inflation were rev up, as mkt expected, but at expense of '12 ests. 2011 real GDP now +3.4%-3.9% (vs 3.0%-3.6% in Nov est); 2012 real GDP now +3.5%-4.4% (vs +3.6%-4.5% Nov).
    Unemployment rate now 8.8%-9.0% in '11 (vs 8.9%-9.1% Nov est) and 7.6%-8.1% in '12 (vs 7.7%-8.2% Nov), still gradually declining. PCE core inflation seen +1.0%-1.3% in '11 (vs 0.9%-1.6% in Nov est) and +1.0%-1.5% in '12 (vs 1.0%-1.6% Nov), up a tad but little changed overall.

  • 18:58

    Dow +40.49 at 12267.13, Nasdaq +14.20 at 2818.55, S&P +5.38 at 1333.39

    Small-cap stocks and mid-cap stocks are out in front of the broader market with gains of 0.7% and 0.6%, respectively. Small-cap issues are currently led by La-Z-Boy (LZB 10.15, +1.87), Photronics (PLAB 9.59, +1.42), and Syneron Medical (ELOS 13.71, +2.03). Mid-cap plays are presently led by Aaron's (AAN 23.48, +3.11), ValueClick (VCLK 16.23, +1.43), and Frontier Oil (FTO 27.72, +1.70). Save for FTO, which reports next week, every one of those names made news for their strong quarterly results.

  • 18:30

    American focus: dollar remains under pressure

    The dollar fell against most of its major counterparts after U.S. builders began work on more homes at an annualized rate than forecast in January and manufacturing rose, fueling appetite for higher-yielding assets.
    U.S. builders broke ground on 596,000 homes at an annualized rate last month, according to Commerce Department data. The median forecast was for a rate of 539,000.
    Manufacturing rose 0.3 percent in January, data from the Federal Reserve showed. Overall industrial production unexpectedly declined 0.1 percent as utilities, which had a decline in demand because of milder temperatures, and mining fell, the figures showed.
    “Gradually the market seems to be more bullish on the world economic recovery, and so the risk-on trade will come more and more into fashion,” said Mamoru Arai, a senior currency trader at Mizuho Financial Group Inc. in New York.
    The Swiss franc briefly gained versus the euro after Israel said two Iranian warships plan to sail through the Suez Canal and called the move a “provocation.” The pound slid against all of its most-traded counterparts after Bank of England Governor Mervyn King said inflation will peak this year and ease in 2012, damping speculation interest rates will rise.
    “The big mover was sterling, with a less-hawkish-than- expected inflation report and mildly weaker employment data,” said Firas Askari, head currency trader in Toronto at Bank of Montreal.

  • 18:10

    Dow +33.34 at 12259.98, Nasdaq +11.31 at 2815.66, S&P +4.21 at 1332.22

    A recent flurry of selling caused stocks to roll over to session lows. Stocks are still in positive territory, though.
    Treasuries have finally turned positive. The move has taken the yield on the benchmark 10-year Note out of its recent range to below 3.60%.

  • 16:52
  • 16:20

    GBP/USD recovers

    GBP/USD has nudged up to $1.6038 area after falling to session lows on $1.5988. Some fresh supply emerges from corporate and real-money names ahead of $1.6050.

  • 15:32

    US: EIA oil stocks data for Feb 11 wk: +0.9m to 345.9m bbl.

  • 15:25

    USD/JPY declines

    USD/JPY declines after it failed to break above Y84.00. Rate currently holds around Y83.85 after printing highs on Y83.98. Risk may be that market suffers a little bit of indigestion if fresh buyers don't show up in aggressive fashion.

  • 14:56

    FX OPTIONS: expiries for the 1500GMT cut today

    EUR/USD  $1.3235, $1.3435,  $1.3600, $1.3620, $1.3700                 
    USD/JPY Y82.00, Y82.95, Y83.00, Y83.50, Y84.90, Y85.75
    EUR/JPY Y115.00
    GBP/USD $1.6000, $1.6100
    AUD/USD $0.9800, $0.9835, $0.9910, $1.0115, $1.0200
    AUD/JPY Y82.00, Y83.75
    USD/CHF chf0.9700

  • 14:26

    Before the bell: Stocks headed for modest gains

    U.S. stocks were set to open higher Wednesday, as investors welcomed a $20 billion merger in the pharmaceutical sector.

    After a long flirtation, French drugmaker Sanofi-aventis agreed to buy Genzyme for $20.1 billion in cash. The deal was announced before the opening bell. Sanofi (SA) shares rose 1.4% higher, while Genzyme (GENZ, Fortune 500)'s stock edged up about 1% in premarket trading.
    Tech stocks will likely gain some traction as well after Dell (DELL, Fortune 500) reported a fourth-quarter profit that more than doubled from a year earlier, even as revenue came in just shy of estimates. Shares of Dell jumped 7% in premarket trading.
    Companies: Discount retailer Family Dollar (FDO, Fortune 500) confirmed Wednesday that it had received an unsolicited proposal from Nelson Peltz's Trian Group, to buy the company for a price between $55 and $60 per share in cash.
    Economy: Before the bell PPI report showed index rose 0.8% in Jan with core rose +0.5% (above the median +0.2%).
    Separate report showed Jan housing starts rose 14.6% to 596k, well above 540k expected but permits fell 10.4% to 562k.
    At 1530GMT, the EIA Crude Oil Stocks data is released.
    Also on traders radar screens will be the 1900GMT release of the Fed's January 26 FOMC meeting minutes.

  • 14:16

    US: Jan Cap Util at 76.1%

  • 14:16

    US: Jan industrial production -0.1%

  • 14:00

    GBP/USD below $1.6000

    GBP/USD broke under $1.6000 after triggering stops through $1.6010 on the way. Below here are bids towards $1.5960 with stops set on a break. Cable trades $1.6000/03.

  • 13:34

    US: Jan Permits -10.4% to 562k

  • 13:34

    US: Jan housing starts +14.6% to 596k

  • 13:31

    US: Jan core PPI +0.5% m/m and +1.6% y/y

  • 13:30

    US: Jan PPI +0.8% m/m and +3.6% y/y

  • 13:09

    EU session review: Yen weakens as global recovery signs reduce demand for safer assets

    Data released
    09:30     UK     Claimant count (January)    2400    -2000    -3400 (-4100)
    09:30     UK     Claimant count rate (January)    4.5%    4.5%    4.5%
    09:30     UK     Average earnings (3 months to December) Y/Y    1.8%    2.0%    2.1%
    09:30     UK     Average earnings ex bonuses (3 months to December) Y/Y    2.3%    -    2.3%
    09:30     UK     ILO Jobless rate (December)    7.9%    7.9%    7.9%
    10:30     UK     BoE quarterly inflation report             

    The yen reached a two-week low versus the euro as stocks rose on optimism that the global recovery is gaining momentum.
    “Confidence in the global economy is certainly improving, and that’s resulting in safe-haven currencies such as the yen and dollar weakening,” said Lee Hardman, a foreign-exchange strategist at Bank of Tokyo-Mitsubishi UFJ Ltd.
    The pound slid after Bank of England Governor Mervyn King said inflation will peak this year and ease in 2012.
    The Bank of England today said its central forecast is for inflation to peak at about 4.4% this year before easing to the 2% goal by the middle of 2012, and undershoot the target within two years.
    “The best collective judgment of the committee is that the chances of inflation being above or below the target are broadly equal,” King told reporters today. “The recovery is unlikely to be smooth.”
    Sterling is still up 2.8% against the dollar this year as accelerating inflation has spurred speculation policy makers will be forced to raise borrowing costs.
    A U.K. report yesterday showed consumer prices rose an annual 4% last month, the fastest since November 2008 and twice the central bank’s 2% target. Data today showed British unemployment claims unexpectedly rose in January.
    Australia’s dollar pared its gains after Moody’s Investors Service said it may cut credit ratings on the nation’s biggest banks, including Westpac Banking Corp. and National Australia Bank Ltd.
    An Australian index of leading indicators increased in December as the economy expanded before flooding struck the nation’s northeast. The index rose 0.8% from a month earlier. The index grew at an annual rate of 4.2% in December, accelerating from 3.6% in November.

    EUR/USD printed session lows on $1.3570, but it failed to hold higher. As a result rate fell to support at $1.3500.

    GBP/USD sharply fell down from $1.6186 to the lows around $1.6146 after BoE inflation report. Later rate recovered to $1.6176, but sales dragged the pound down to earlier lows.

    USD/JPY holds within the narrow range, limited by Y83.60/83.

    The main US releases are at 1330GMT, with the Producer price data and housing start numbers.
    Producer prices are expected to jump 0.8% in January. The core PPI is expected to rise 0.2%.

    January Industrial production data is expected at 1415GMT.  It are expected to rise 0.5% in January. Capacity utilization is forecast to rise to 76.3%.
    Treasury Secretary Tim Geithner testifies about the Budget proposal on the Hill Weds. At 1500GMT, he is before the Senate Finance Committee, while at 1900GMT, he appears before the House Budget Committee.
    At 1530GMT, the EIA Crude Oil Stocks data is released.
    Also on traders radar screens will be the 1900GMT release of the Fed's January 26 FOMC meeting minutes.

  • 12:56

    EUR/USD weakens

    EUR/USD probes $1.3500 as euro sterling slips back from post BOE report highs of stg0.8429 and the pound tested strong support at $1.6040. Cross trading stg 0.8414 now with euro dollar at $1.3510.

  • 12:41

    GBP/USD resumes falling

    GBP/USD heading lower again into the retail demand zone $1.6040/50. Cable trades $1.6046. Channel support line from Jan 07 coming today at $1.6040 (strong support).

  • 12:29

    GERMAN MERKEL: Confirms Weidmann to become next Bundesbank president and to take office on May 1, 2011

  • 12:03

    GERMANY SOURCE: IMF sees risks of spillover of EMU debt crisis

    • IMF sees risks from insufficient budget consolidation
    • IMF sees risk of overheating of some economies
    • IMF sees risks from rising commodity prices
    • IMF confirms 2011 global growth forecast of 4.4%, 2012 4.5%
    • IMF confirms 2011 German growth forecast 2.2%, 2012 2.0%
  • 11:34

    EU focus: Sterling fell after BoE report

    Sterling extended its losses to $1.6050 following the dovish BOE report.
    Earlier the pound gained as rising UK inflation cemented expectations of an early rate hike. But Mervyn King whittled those expectations when he said that no decision made on Mar rate decision and people running ahead of themselves on rate hikes.
    Sterling rallied to a 5-½ month peak against a currency basket after data showing UK inflation jumped to twice the Bank of England's target.
    Meanwhile, money markets have already priced in three rate hikes by the end of the year.

    The dollar held firm against the yen, after rising steadily in the past nine sessions.
    "USD/JPY took out resistance at Y83.68, and one now starts to look at levels such as Y84.51 and even the 200-dma is coming into focus at Y85.14. However, there is a lot of ground to cover between here and there," said David Watt, a strategist at RBC Capital Markets.

  • 11:07

    BOE KING: POLICY JUDGEMENTS ARE DIFFICULT

    • PLENTY ROOM FOR DIFFERING VIEWS ON CPI OUTLOOK
    • NO SIGN THAT WAGE INFLATION HAS PICKED UP
  • 10:55

    BOE KING: MPC WOULD RESPOND IF RISKS MATERIALISE EITHER WAY

    • LARGE INFLATION RISKS IN BOTH DIRECTIONS
    • CENTRAL VIEW CPI STARTS TO FALL BACK 2012
    • INFLATION HIGHER THAN MPC EXPECTED IN NOVEMBER
    • INFLATION LIKELY TO REMAIN HIGHER OVER NEXT YEAR
    • MONPOL HAS TO BE FORWARD LOOKING
    • REBALANCING IS UNDER WAY
    • EARNINGS GROWTH REMAINS WEAK
  • 10:52

    BOE KING: MPC WOULD RESPOND IF RISKS MATERIALISE EITHER WAY

    • LARGE INFLATION RISKS IN BOTH DIRECTIONS
    • CENTRAL VIEW CPI STARTS TO FALL BACK 2012
    • INFLATION HIGHER THAN MPC EXPECTED IN NOVEMBER
    • INFLATION LIKELY TO REMAIN HIGHER OVER NEXT YEAR
    • MONPOL HAS TO BE FORWARD LOOKING
    • REBALANCING IS UNDER WAY
    • EARNINGS GROWTH REMAINS WEAK
  • 10:45

    BOE Report: Implies Q2 Rate Rise Followed By Further Hikes Through 2011

    • CPI Fcast At 1.7% In 2 Years Based On Mkt Rates, Stg200bn QE
    • BOE Market Rate Expectations Show Rates At 0.7% In Q2; 1.0% By Q4
    • BOE: Risks To Inflation Fcast At 2-Year Point Skewed To Upside
    • Chances CPI Above/Below Target In 2 Yrs 'Broadly Equal'

     

  • 10:27

    BOE Inflation Report Set To Endorse Tightening Ahead

    Analysts Expect CPI To Overshoot On Flat Rates

    Analysts Expect Modal Projection To Show CPI Undershoot

    BOE King Reveals Equal Chance CPI Above/Below Target 2 yrs Ahead

     

  • 09:44

    FX OPTIONS: expiries for the 1500GMT cut:

    EUR/USD  $1.3235, $1.3435,  $1.3600, $1.3620, $1.3700                 
    USD/JPY Y82.00, Y82.95, Y83.00, Y83.50, Y84.90, Y85.75
    EUR/JPY Y115.00
    GBP/USD $1.6000, $1.6100 
    AUD/USD $0.9800, $0.9835, $0.9910, $1.0115, $1.0200
    AUD/JPY Y82.00, Y83.75
    USD/CHF chf0.9700

  • 09:37

    UK DATA: Jan claimant count unemployment +2,400; rate 7.9%

  • 08:59

    FTSE +30.10 +0.50% 6,067.18, CAC +39.11 +0.95% 4,149.45, Dax +26.18 +0.35% 7,426.22

  • 08:14

    FOREX: Tuesday's review

    The euro advanced versus most major counterparts as data showed German investor confidence increased this month and U.S. retail sales rose in January less than economists forecast. 
    Commerce Department data showed U.S. retail purchases rose 0.3 percent last month, the smallest gain since a drop in June. Economists in a Bloomberg News survey predicted a gain of 0.5 percent. 
    Global demand for U.S. stocks, bonds and other financial assets fell in December from a month earlier, the Treasury Department reported. Net buying of long-term equities, notes and bonds totaled $65.9 billion during the month compared with net buying of $85.1 billion in November, according to data released in Washington. 
    The pound rose against all 16 major currencies as U.K. inflation increased. Europe’s common currency lost 0.9 percent versus the greenback over the past week.

    EUR/USD: the pair bargained within the limits of $1.3460-$ 1.3550.
    GBP/USD: on results of yesterday's session the pair become stronger above a mark $1.6100.
    USD/JPY: on results of yesterday's session the pair become stronger in around Y83.80.

    The UK calendar kicks off at 0930GMT, with the release of the UK employment data. The claimant count rate is seen at 4.5%, with jobless clains down 3,000 on the month. ILO undemployment is seen unchanged at 7.9%. The Bank of England inflation report is out at 1030GMT. The reports looks set to back the case for monetary tightening with 
    inflation shown overshooting the BOE's target on flat Bank Rate and with an equal chance of it being above or below target if markets' implied rate hike expectations are met. Implied market rate expectations have risen sharply since the November report. In the 15 day average used by the BOE they were pricing in a May hike and at least one more hike this 
    year, and yet BOE Governor Mervyn King revealed in a letter Tuesday the report would show the chances of CPI being above/below target in 2 to 3 years time were roughly equal - the same as in Nov.
    US data starts at midday., with the Feb 11 MBA mortgage application index. The main releases are at 1330GMT, with the release of the Producer price data and housing start numbers. The pace of housing starts is expected to rise to 540,000 in January after falling 4.3% in the previous month. Permits, which surged 15.3% in December on special factors, are expected to fall sharply in January. Producer prices are expected to jump 0.8% in January. Both food and energy prices are expected to rise. The core PPI is expected to rise 0.2%, as the power to 
    pass on higher input prices remained weak.
    January Industrial production data is expected at 1415GMT.  It are expected to rise 0.5% in January. Factory payrolls jumped 49,000 in the month, while auto production jobs rose 20,000. The factory workweek rose 0.1 to 40.5 hours, while the ISM production index rose to 63.5. Capacity utilization is forecast to rise to 76.3%. Treasury Secretary 
    Tim Geithner testifies about the Budget proposal on the Hill Weds. At 1500GMT, he is before the Senate Finance Committee, while at 1900GMT, he appears before the House Budget Committee. At 1530GMT, the EIA Crude Oil Stocks data is released. Also on traders radar screens will be the 1900GMT release of the Fed's January 26 FOMC meeting minutes.

  • 08:13

    Asian session: The yen and dollar weakened

    The yen and dollar weakened versus most of their major counterparts before reports that economists said will show U.S. factory output and European consumer confidence increased, damping demand for safer assets.
    The yen declined toward a two-week low versus the euro as Asian stocks rose on optimism the data will add to evidence the global recovery is gaining momentum. 
    U.S. industrial production gained 0.5 percent in January from December, rising for a third month, according to a survey before today’s Federal Reserve report. 
    The pound appreciated for a third day versus the dollar on speculation the Bank of England will today signal concern that consumer prices will rise at a faster pace. Australia’s dollar strengthened after a report showed an index of leading economic indicators increased.
    The pound approached a six-month high versus the yen after a U.K. report yesterday showed consumer prices rose an annual 4 percent last month, the fastest since November 2008.

    EUR/USD: the pair shown high in the field of $1.3560. 
    GBP/USD: the pair become stronger in around $1.6180.
    USD/JPY: the pair bargained within the limits of Y83.60-Y83.80.

    The UK calendar kicks off at 0930GMT, with the release of the UK employment data. The claimant count rate is seen at 4.5%, with jobless clains down 3,000 on the month. ILO undemployment is seen unchanged at 7.9%. The Bank of England inflation report is out at 1030GMT. The reports looks set to back the case for monetary tightening with 
    inflation shown overshooting the BOE's target on flat Bank Rate and with an equal chance of it being above or below target if markets' implied rate hike expectations are met. Implied market rate expectations have risen sharply since the November report. In the 15 day average used by the BOE they were pricing in a May hike and at least one more hike this 
    year, and yet BOE Governor Mervyn King revealed in a letter Tuesday the report would show the chances of CPI being above/below target in 2 to 3 years time were roughly equal - the same as in Nov.
    US data starts at midday., with the Feb 11 MBA mortgage application index. The main releases are at 1330GMT, with the release of the Producer price data and housing start numbers. The pace of housing starts is expected to rise to 540,000 in January after falling 4.3% in the previous month. Permits, which surged 15.3% in December on special factors, are expected to fall sharply in January. Producer prices are expected to jump 0.8% in January. Both food and energy prices are expected to rise. The core PPI is expected to rise 0.2%, as the power to 
    pass on higher input prices remained weak.
    January Industrial production data is expected at 1415GMT.  It are expected to rise 0.5% in January. Factory payrolls jumped 49,000 in the month, while auto production jobs rose 20,000. The factory workweek rose 0.1 to 40.5 hours, while the ISM production index rose to 63.5. Capacity utilization is forecast to rise to 76.3%. Treasury Secretary 
    Tim Geithner testifies about the Budget proposal on the Hill Weds. At 1500GMT, he is before the Senate Finance Committee, while at 1900GMT, he appears before the House Budget Committee. At 1530GMT, the EIA Crude Oil Stocks data is released. Also on traders radar screens will be the 1900GMT release of the Fed's January 26 FOMC meeting minutes.

  • 06:41

    Stocks: Tuesday's review

    Japan's Nikkei stock average edged up to log a 10-month closing high on Tuesday after Chinese inflation data helped ease concerns that the country will have to tighten monetary policy more aggressively.
    It was a second straight day of gains for the Nikkei, which has climbed some 17 percent since November when foreigners began snapping up lagging Tokyo stocks, with recent momentum coming from a big shift in market focus to developed economies from emerging ones.
    Also on Tuesday, the Bank of Japan raised its assessment of the economy to say it is gradually emerging from a slowdown, further signalling that no imminent monetary easing is on the horizon. It kept rates steady as widely expected.
    Notable gainers included shares of Japan's No. 3 mobile phone operator Softbank Corp, which jumped on an agreement to partner with China Mobile, Vodafone (VOD.L) and others to promote a next generation standard.

    European stocks rose for a third day, sending the Stoxx Europe 600 Index to its highest level since September 2008, as companies from Barclays Plc to Danone posted results that beat analysts’ estimates.
    Barclays, Britain’s third-largest bank, climbed 5.8 percent. UniCredit SpA led Italian stocks higher. Danone, the world’s biggest yogurt maker, advanced 3.3 percent. Deutsche Boerse AG fell as the exchange operator agreed to combine with NYSE Euronext. Rio Tinto Group, the third-largest mining company, paced mining stocks lower.
    Deutsche Boerse AG lost 2.4 percent to 59.85 euros. The operator of the Frankfurt bourse and NYSE Euronext said they will combine, creating the world’s largest owner of equities and derivatives markets. London Stock Exchange Group Plc, which last week agreed to buy Canada’s TMX Group Inc., slid 3.2 percent to 900 pence.
    Rio Tinto fell 2.8 percent to 4,550 pence. Kazakhmys Plc, Kazakhstan’s biggest copper miner, lost 2.6 percent to 1,538 pence. A gauge of basic-resource companies on the Stoxx 600 slipped 1.8 percent, the worst performance out of 19 industry groups.

    U.S. stocks retreated, as the Standard & Poor’s 500 Index slumped from a 32-month high, after reports showed retail sales increased less than forecast last month and prices of imported goods climbed.
    Exxon Mobil Corp. dropped 1.9 percent, leading the declines in the Dow Jones Industrial Average. Monsanto Co. slid 3.3 percent as billionaire investor George Soros’s hedge fund cut its stake in the world’s largest seed company. JDS Uniphase Corp., the biggest network-analysis company in the U.S., and Netflix Inc., a DVD-rental company, decreased at least 3.2 percent after their stock recommendations were cut.
    The S&P 500 gained 97 percent from a 12-year low in March 2009 through yesterday amid government stimulus measures and higher-than-estimated corporate profits. The advance has pushed the S&P 500 to 15.9 times the reported operating earnings of its companies on Feb. 11, the highest valuation since June. Earnings-per-share have topped analysts’ estimates at about 73 percent of the 359 companies in the S&P 500 that reported results since Jan. 10.

  • 06:39

    Tech on USD/JPY

    Resistance 3:Y85.10 (МА (200) for D1)
    Resistance 2:Y84.50 (high of November and December)
    Resistance 2:Y83.90 (Feb 15 high)
    Ccurrent price: Y83.73
    Support 1:Y83.60 (support line from Feb 4)
    Support 2:Y83.10 (Feb 14 low)
    Support 3:Y82.85 (38.2 % FIBO Y81.1-Y83.90)
    Comments: the pair bargains in the field of the reached high. The nearest support Y83.60. Below losses are possible  to Y83.10. The nearest resistance - Y83.90. Above growth is possible  to Y84.50. 

  • 06:37

    Tech on GBP/USD

    Resistance 3: $ 1.6450 (high of Jan 2010)
    Resistance 2: $ 1.6280/00 (Jan 4-5 and Feb 3 high)
    Resistance 1: $ 1.6170 (session high, Feb 16 high)
    Current price: $1.6141
    Support 1 : $1.6120 (session low)
    Support 2 : $1.6050 (support line from Feb 11)
    Support 3 : $1.6000 (a minimum on February, 16th)
    Comments: the pair bargains in the field of the high reached yesterday. The nearest resistance - $1.6170.  Above growth is possible to $1.6280/00. The nearest support - $1.6120. Below is possible testings of around $1.6050. 

  • 06:36

    Tech on USD/CHF

    Resistance 3: Chf0.9770/80 (Feb 11 and Jan 11 high)
    Resistance 2: Chf0.9730 (Feb 15 high)
    Resistance 1: Chf0.9670 (session high)
    Current price: Chf0.9637
    Support 1: Chf0.9620 (МА (200) for Н1)
    Support 2: Chf0.9600 (38.2 % FIBO Chf0.9330-Chf0.9770)
    Support 3: Chf0.9550 (50.0 % FIBO Chf0.9330-Chf0.9770)
    Comments: the pair decreases. The nearest support Chf0.9620. Below loss may extend to Chf0.9600. The nearest resistance Chf0.9670. Above is located Chf0.9730. 

  • 06:29

    Tech on EUR/USD

    Resistance 3: $ 1.3640 (resistance line from Feb 2)
    Resistance 2: $ 1.3580 (МА (200) for Н1)
    Resistance 1: $ 1.3540/50 (session high)
    Ccurrent price: $1.3524
    Support 1 : $1.3500 (support line from Feb 14)
    Support 2 : $1.3430 (Feb 14 low)
    Support 3 : $1.3370 (50.0 % FIBO $1.2880-$ 1.3850)
    Comments: the pair becomes stronger. The nearest resistance - $1,3540/50. Above growth is possible  to $1,3580. The nearest support - $1,3500. Below decrease is  possible to $1.3430. 

  • 06:01

    Schedule for today, Wednesday, Feb 16 2011:

    00:01 United Kingdom Nationwide Consumer Confidence (Jan) 47 49 54
    09:30 UK  Claimant count (January) -2000 -4100
    09:30 UK Claimant count rate (January) 4.5% 4.5%
    09:30 UK Average earnings (3 months to December) Y/Y 2.0% 2.1%
    09:30 UK Average earnings ex bonuses (3 months to December) Y/Y - 2.3%
    09:30 UK ILO Jobless rate (December) 7.9% 7.9%
    10:30 UK BoE quarterly inflation report  
    13:30 USA Housing starts (January), mln 0.537 0.529
    13:30 USA Building permits (January), mln 0.570 0.635
    13:30 USA PPI (January) 0.9% 1.1%
    13:30 USA PPI (January) Y/Y - 4.0%
    13:30 USA PPI excluding food and energy (January) 0.1% 0.2%
    13:30 USA PPI excluding food and energy (January) Y/Y - 1.3%
    14:15 USA Industrial production (January) 0.4% 0.8%
    14:15 USA Capacity utilisation (January) 76.3 76.0
    15:30 USA    EIA Crude Oil Stocks change (Feb 11) 1.9M
    19:00 USA FOMC meeting minutes (25-26.01)
    21:30 New Zealand Business NZ PMI (Jan) 53.1
    21:45 New Zealand Producer Price Index - Input (QoQ) (Dec) 0.4% 0.7%
    21:45 New Zealand Producer Price Index - Output (QoQ) (Dec) 1.2%

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