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Eurozone PMI revised a tad lower on weakness in Germany

Eurozone PMI revised a tad lower on weakness in Germany

Mon, 01 September 2014

Activity in the Eurozone's manufacturing sector dropped to a 13-month low in August, according to revised data from survey compiler Markit, as new orders from both inside and outside the single curren... [more]

Euro-dollar rangebound ahead of ECB, any rebounds short-lived

Euro-dollar rangebound ahead of ECB, any rebounds short-lived

Mon, 01 September 2014

Despite the EUR/USD having stabilised, the downtrend remains firmly intact, according to analysts. While Danske Bank analysts expect the currency paid to range trade and possibly bounce around Thursd... [more]

Putin suggests statehood for Ukraine, Russia may face new sanctions,

Putin suggests statehood for Ukraine, Russia may face new sanctions,

Mon, 01 September 2014

The "statehood" of regions in southern and eastern Ukraine has to be discussed immediately, Russian President Vladimir Putin said on Sunday. On Friday, Putin warned western leaders not to "mess with"... [more]

Chinese PMIs reveal manufacturing slowdown in August

Chinese PMIs reveal manufacturing slowdown in August

Mon, 01 September 2014

Two separate surveys released on Monday showed that growth in China's manufacturing sector eased in August. HSBC's China manufacturing purchasing managers' index (PMI) fell from 51.7 to 50.2 points l... [more]

FX round-up: Goldman lowers three-month forecast for euro/dollar

FX round-up: Goldman lowers three-month forecast for euro/dollar

Mon, 01 September 2014

FX markets saw a risk-on tone on the last day of the week despite the release of weaker-than-expected data out Stateside and heightened tensions in Ukraine, although it remained to be seen if the upco... [more]

IMF board likely to believe Lagarde investigation will not interfere with her duties

Fri, 29 August 2014

The International Monetary Fund (IMF) board will likely offer its support to its leader, Christine Lagarde, who is facing a formal investigation into claims of negligence in a French fraud case, sourc... [more]

Ukraine crisis deepens as west warns Russia of more sanctions

Fri, 29 August 2014

The United Nations (UN), Nato, the US and EU leaders held separate meetings between Thursday and Friday, as the western countries seek to address the crisis in Ukraine. On Thursday, Nato reported tha... [more]

Eurozone unemployment unchanged in July

Fri, 29 August 2014

Unemployment in the Eurozone remained unchanged in July, according to data published on Friday by Eurostat. Specifically, the jobless rate for the region stayed at 11.5%. This was a decrease from the... [more]

Eurozone inflation comes in slightly ahead of forecasts

Fri, 29 August 2014

The rate of consumer price inflation in the euro area slowed to a 0.3% year-on-year pace in August, according to preliminary data from Eurostat. That was in line with the consensus estimate and follo... [more]

Euro still headed lower, technical analysts insist

Fri, 29 August 2014

The euro/dollar chart shows the pair ending the week with clear signs of weakness, technical analysts at Digital Look said on Friday. "Regardless of whether euro/dollar rebounds over the coming sessi... [more]

Cable poised to attack resistance

Fri, 29 August 2014

Technical analysts at Digital Look are pointing out that the recent bounce in cable has been "rather weak", adding that it began from the base of the short-term descending channel. "The short-term tr... [more]

Support and resistance levels for the main currency pairs

Fri, 29 August 2014

CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.31/1.3245. Euro/Yen: 135.70/138.03. Euro/Pound: 0.7871/0.8036. Dollar/Yen: 103.502/104.272. Dollar/Swiss franc: 0.91364/0.92497. Pound/Dollar: 1.... [more]

US second-quarter GDP growth revised up to 4.2%

Thu, 28 August 2014

The second estimate for US gross domestic product (GDP) showed that the American economy grew by an annualised rate of 4.2% in the second quarter. This was higher than the initial estimate of 4% grow... [more]

Russian forces seize town in south-eastern Ukraine - UPDATE

Thu, 28 August 2014

Russia has "well over a thousand", a senior Nato official said on Thursday. The official, who was quoted by the Financial Times, said the supply of arms by Russia had increased in both "volume and qu... [more]

Apple's iWatch to be unveiled on 9 September

Thu, 28 August 2014

Apple plans to unveil its highly anticipated wearable device iWatch on 9 September to compete against Samsung's Galaxy Gear, reports said. The device will feature new functions such as the health and... [more]

Pakistan crisis deepens as rebel leader calls for "Revolution Day"

Thu, 28 August 2014

The crisis in Pakistan deepened on Thursday as talks between the government and the opposition failed to deliver tangible results. Large crowds have taken to the streets to protest against government... [more]

Eurozone economic confidence falls more than expected

Thu, 28 August 2014

Eurozone economic confidence fell more than recently downgraded forecasts in August, according to the data for August published by the European Commission on Thursday, while the business climate indic... [more]

German unemployment ticks up

Thu, 28 August 2014

German unemployment numbers unexpectedly rose in August, according to data published by the German Statistics Office on Thursday. After having fallen by 11,000 in July, the number of unemployed unexp... [more]

Cable trades at the base of the descending channel

Thu, 28 August 2014

Digital Look technical analysts indicated on Thursday that the Cable has traded in an impeccable bearish movement since its July high. They added that the pair currently trades at the base of the des... [more]

The euro faces strong resistance at $1.3245

Thu, 28 August 2014

Digital Look technical analysts said on Thursday that the short-term bearish trend in the Euro/Dollar remains in place with a downside target of 1.30-31. Nevertheless, they pointed out that for the v... [more]

Support and resistance levels for the main currency pairs

Thu, 28 August 2014

CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.31/1.3245. Euro/Yen: 135.70/138.03. Euro/Pound: 0.7871/0.8036. Dollar/Yen: 103.502/104.272. Dollar/Swiss franc: 0.91364/0.92497. Pound/Dollar: 1... [more]

Russia could cut its gas supplies to Europe, warns Ukrainian Prime Minister

Wed, 27 August 2014

Russia plans to stop supplying gas to Europe this winter, said Ukrainian Prime Minister Arseny Yatseniuk. Moscow cut off gas supplies to Kiev in June after a dispute over gas prices emerged between t... [more]

German consumer confidence expectations fall in September

Wed, 27 August 2014

German consumer confidence is forecast to slip lower in September, according to consultancy GfK. The research group's barometer for consumer sentiment is expected to dip to a reading of 8.6 next mont... [more]

Bounce in cable doesn't alter the technical picture

Wed, 27 August 2014

Despite the intra-day bounce in 'cable' technical analysts at Digital Look are mindful of the fact that "there's still a lot left to the session and it wouldn't be the first time we've seen the pair t... [more]

Italian consumer confidence drops more than forecast in August

Wed, 27 August 2014

Italy's consumer confidence gauge for the month of August fell to 101.9 from 104.4 in the month before, according to ISTAT. The consensus estimate was for a reading of 104. Amongst the subindices th... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
ITV 218.70 3.55 17:09
Marks & Spencer Group 441.00 2.58 16:35
BAE Systems 456.00 2.45 17:05
Kingfisher 308.60 1.61 16:41
BG Group 1,217.00 1.29 17:01

FTSE 100 Top Fallers

Name Last Chg.% Time
Morrison (Wm) Supermarkets 173.50 -2.25 17:09
Mondi 1,012.00 -2.03 16:37
Tesco 225.55 -1.91 17:07
Shire Plc 4,864.00 -1.20 17:07
GlaxoSmithKline 1,460.00 -0.98 16:57