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Currencies

Vladimir Putin

European diplomats discuss tougher economic sanctions against Russia

Fri, 25 July 2014

European ambassadors on Friday reached a preliminary agreement about economic sanctions against Russia after last week's downing of a Malaysian airliner. Sanctions could include closing European Unio... [more]

Vladimir Putin

Russia unexpectedly raises central bank interest rate

Fri, 25 July 2014

In an unexpected move, Russia's Central Bank upped its interest rate by half a percentage point to 8% over worries concerning inflation and "geopolitical tensions". The rate rise comes after further ... [more]

Money

Pound lost some steam but GBP/USD may rally towards 1.7035

Fri, 25 July 2014

GBP/USD peaked at 1.7191 on July 15th and has been in a one-way downtrend since then so seven trading days have past without a rally in GBP/USD, as noted by Kathy Lien, Managing Director at BK Asset M... [more]

Is Ukraine conflict really weighing on the euro?

Fri, 25 July 2014

The healthier PMIs releases on Thursday were not enough to spur the EUR/USD rally, instead, the euro ended the day practically unchanged against the US dollar. The cross just seated below 1,35 during ... [more]

Malaysia Airlines; aerospace; transport; air travel

Bodies of downed Malaysia Airlines plane arrive in Netherlands

Thu, 24 July 2014

The bodies of those killed on board the Malaysia Airlines flight that was downed in Ukraine have arrived in the Netherlands to be identified. Two planes transported 51 bags containing bodies or body ... [more]

Wreckage of Air Algerie plane found in Mali - UPDATE

Thu, 24 July 2014

The wreckage of an Air Algerie commercial plane that crashed in Tilemsi, Mali has been found, according to French media. The plane, carrying 116 people, the majority of which were French, went missin... [more]

UK banks told to build bond buffer under new world rules

Thu, 24 July 2014

UK banks will be required to build a buffer of loss-absorbing bonds at least as big as the capital already held under new international rules, according to a Bank of England (BoE) official. The crack... [more]

US jobless claims reaches lowest level in eight years

Thu, 24 July 2014

The number of Americans applying for unemployment benefits fell rapidly last week to the lowest level in more than eight years. Jobless claims dropped by 19,000 to 240,000 in the week ended July 19th... [more]

GBP/USD: The 1,7060 support was finally broken

Thu, 24 July 2014

The cable's constant visits to the 1.7060 support made ShareCast analysts think of the proverb about how the "the pitcher goes to the well once too often". They explained that the trading pattern in ... [more]

Banks fall victim to Android cyber attacks

Thu, 24 July 2014

Banks across four countries fell victim to a sophisticated cyber attack after criminals discovered a hole in their android-based authentications systems. The campaign, known as Operation Emmental, at... [more]

ECB announces theft by hackers

Thu, 24 July 2014

The European Central Bank (ECB) announced on Thursday that its website had been attacked by hackers and contact information was stolen. The Eurozone's monetary authority stressed that no "market sens... [more]

EUR/USD: Head-and-shoulders figure confirms bearish signal

Thu, 24 July 2014

After the heavy losses in Tuesday's session left the 1.3475 support, ShareCast technical analysts warned on Wednesday that the bearish signal in the form of a head-and-shoulders figure has been confir... [more]

FX report: Euro hits dollar and pound lows, Kiwi falls and Aussie rises

Thu, 24 July 2014

Undermined by fundamental and technical reasons, the euro tumbled to an eight-month low against the dollar and 24-month low against the pound. The GBP/USD has slipped down overnight. The move will pl... [more]

Eurozone PMI picks up, but insufficient to create jobs

Thu, 24 July 2014

Although the business activity in the Eurozone grew at one of the strongest rates in the last three years, growth remained too weak to encourage a meaningful level of hiring, according to the purchasi... [more]

French manufacturing contracts for third consecutive month

Thu, 24 July 2014

French manufacturing contracted in July at its fastest pace this year, according to Purchasing Managers Index (PMI) numbers that were worse than forecast. French manufacturing PMI shrank from 48.2 to... [more]

Support and resistance levels for the main currency pairs

Thu, 24 July 2014

CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.3294/1.3525. Euro/Yen: 136.188/137.35. Euro/Pound: 0.7760/0.8030. Dollar/Yen: 100.754/101.793. Dollar/Swiss franc: 0.8959/0.90367. Pound/Dollar:... [more]

Bank of Spain forecasts acceleration in economy

Wed, 23 July 2014

The Bank of Spain (BoS) forecast an acceleration in the Spanish economy for this year and next thanks to the improving financial conditions, labour market and consumer confidence, according to the mon... [more]

Israel possibly violating international law in Gaza, says UN

Wed, 23 July 2014

The United Nations (UN) High Commissioner for Human Rights, Navanethem Pillay, said there is a "strong possibility" Israel is violating international law in Gaza. Pillay said Israel's killing of Pale... [more]

FX round-up: Euro falls to February low against dollar

Wed, 23 July 2014

The euro fell 0.43% against the dollar, reaching its lowest point since February, as concern about sanctions against Russia and a resulting potential gas crisis in the continent met rumours that Europ... [more]

EU to impose further sanctions on Russia as MPs question licence deals

Wed, 23 July 2014

The European Union has agreed to impose further sanctions on Russia, although leaders have stopped short of moving to the more serious Level Three sanctions. The new measures, which will target a lar... [more]

GBP/USD: Cable remains a bullish trade

Wed, 23 July 2014

Recent sessions saw the cable perforate the support zone at the June highs of 1.7060 in intraday trading. In this context, technical analysts at ShareCast believe that the pair could initiate a new b... [more]

EUR/USD: Pair loses important support at 1.3475

Wed, 23 July 2014

Tuesday's session saw a large correction in the euro after perforating the zone around 1.35 and falling even further past the technical support located at February's low of 1.3475. ShareCast technica... [more]

Support and resistance levels for the main currency pairs

Wed, 23 July 2014

CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.3492/1.3525. Euro/Yen: 136.188/137.35. Euro/Pound: 0.7760/0.8030. Dollar/Yen: 100.754/101.793. Dollar/Swiss franc: 0.8959/0.90367. Pound/Dollar:... [more]

US consumer prices rise as gasoline costs jump

Tue, 22 July 2014

Consumer prices in the States increased in June but largely reflected a surge in the price of gasoline. Inflation eased from 0.4% to 0.3% last month on a seasonally-adjusted basis, the US Bureau of L... [more]

Malaysia Airlines bodies reach Ukraine government

Tue, 22 July 2014

The remains of the 298 victims on board the downed Malaysia Airlines plane arrived in Ukrainian government hands on Tuesday as pro-Russian rebels passed over two flight-data recorders to investigators... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Royal Bank of Scotland Group 364.20 10.77 17:06
Anglo American 1,639.50 3.44 17:00
Pearson 1,132.00 2.82 17:10
Vodafone Group 202.05 2.12 16:50
Barclays 218.05 1.66 17:00

FTSE 100 Top Fallers

Name Last Chg.% Time
British Sky Broadcasting Group 874.50 -5.46 17:08
GlaxoSmithKline 1,423.00 -3.16 17:08
Petrofac Ltd. 1,127.00 -2.17 17:08
Rexam 513.00 -2.01 17:00
GKN 344.20 -1.99 17:08