Market News and Research
U.K. home prices jumped to record in May
Fri, 14 Jun 2013 07:36:03 GMT
"More needs to be achieved to help banks lend to new buyers, as a strong improvement in first-time buyer lending is the crucial catalyst for a full market recovery "- >>
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U.S. jobless claims down, retail sales improved
Fri, 14 Jun 2013 07:25:04 GMT
"The downside risk from sequestration is proving much smaller than some had feared"- Mike Englund, chief economist at Action Economics LLC The closely-watched labour market is showing signs of stabilization >>
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Eurozone to emerge from recession in 2014
Fri, 14 Jun 2013 07:14:12 GMT
"The slower growth is not really an issue of a big change in the fundamentals" - Andrew Burns, the lead author of the reportIn its latest assessment of the global >>
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USD/CHF supported by 0.9191
Fri, 14 Jun 2013 07:03:03 GMT
The support at 0.9191 (weekly S1) was able to postpone the decline, but we remain bearish on the pair. >>
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USD/JPY tramples on 94.71/47
Fri, 14 Jun 2013 07:02:49 GMT
The initial test of 94.71/47, the support area mainly formed by the Feb 11 high, did not lead to an immediate recovery, implying that the bearish momentum is not exhausted >>
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GBP/USD tests 1.5750/41
Fri, 14 Jun 2013 07:02:39 GMT
Cable's deceleration ahead of 1.5750/41 is a natural development of the rally, being that this level has played a major role throughout the last years. >>
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EUR/USD erodes 1.3353
Fri, 14 Jun 2013 07:02:27 GMT
EUR/USD carries on with its recovery from the April low at 1.2745. At the moment the currency pair is struggling at the rising resistance line, but after a short correction >>
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Japanese Yen appreciates against majors
Fri, 14 Jun 2013 06:56:06 GMT
The Japan's Yen strengthened against almost all of its most-traded peers, set for a weekly rise versus all 16, the currency is headed for a fourth weekly advance in the >>
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NZD/USD challenges resistance at 0.8003
Thu, 13 Jun 2013 15:13:08 GMT
NZD/USD is behaving dangerously for the bears near the down-trend resistance line that was meant to curb kiwi's strength. >>
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USD/CAD bounces off 1.0213
Thu, 13 Jun 2013 15:12:55 GMT
After dipping beneath the 55 and 100-day SMAs USD/CAD returned to 1.0213 and confirmed it as the resistance. >>
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AUD/USD struggles at 0.9580
Thu, 13 Jun 2013 15:12:45 GMT
AUD/USD has already passed through 0.9534, but there is more supply at 0.9580 that is to obstruct price's further growth. >>
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EUR/JPY plummets
Thu, 13 Jun 2013 15:12:30 GMT
We were waiting for EUR/JPY's bearish correction to be limited by the rising trend-line, namely at 127.71/41; nonetheless, it seems that a considerably deeper retracement will precede resmption of the >>
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U.K. shares slip to almost three-month low
Thu, 13 Jun 2013 15:01:13 GMT
U.K. shares retreated for a fourth straight day as the FTSE 100 Index fell to more than two-month low on worries that the Federal Reserves could taper the stimulus programme. >>
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China shares drop to lowest level in 6 months following holiday amid economy
Thu, 13 Jun 2013 14:46:04 GMT
Chinese shares declined following a three-day holiday, pushing the benchmark index to the lowest level in six months, after government data indicated industrial output and overseas sales trailed economists expectations. >>
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Italian 3-year borrowing costs hit high since March
Thu, 13 Jun 2013 14:30:53 GMT
Italian three-year debt costs advanced to the highest level since March on Thursday, after worries that the Fed could soon scale back its stimulus which curtails demand for riskier assets. >>
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