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University of Michigan consumer confidence gauge rises to 86.9 in October

University of Michigan consumer confidence gauge rises to 86.9 in October

Fri, 31 October 2014

The 'final' reading on the University of Michigan's consumer confidence index came in at 86.9 points for the end of October, besting the 86.4 forecast by economists. The expectations sub-index advance... [more]

US Chicago PMI shoots past forecasts

US Chicago PMI shoots past forecasts

Fri, 31 October 2014

The US Chicago regional purchasing managers' index for the manufacturing sector shot up to a reading of 66.2 in October, following a print of 60.5 in the month before. The consensus estimate had been ... [more]

US employment cost index edges past forecasts

US employment cost index edges past forecasts

Fri, 31 October 2014

The US employment cost index increased by at a 0.7% quarter-on-quarter pace in the three months to September, according to the Department of Labour. Versus a year ago it registered an increase of 2.2%... [more]

US consumption expenditures failed to deliver in September

US consumption expenditures failed to deliver in September

Fri, 31 October 2014

Personal income and spending increased by 0.2% month-on-month in September but consumption expenditures were off by 0.2%, figures from the US Department of Commerce revealed. That was a notably poorer... [more]

Support and resistance levels for the main currency pairs

Support and resistance levels for the main currency pairs

Fri, 31 October 2014

The following are the technical support and resistance levels for Forex trading. CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.2498/1.2771. Euro/Yen: 137.028/141.223. Euro/Pound: 0.7859/0.791... [more]

BoJ expands bond-buying programme in surprise move

Fri, 31 October 2014

Japan's central bank has unexpectedly expanded its monetary easing plan in a bid to revive growth amid downwards pressure on prices and falling consumer spending. The move saw Japanese stocks soar on ... [more]

German unemployment surprises to the downside in October

Thu, 30 October 2014

German unemployment fell by 22,000 people in October to reach 2.887m, according to the Federal Labour Office. The consensus forecast was for a rise of 4,000. September's gain was revised lower to sho... [more]

German inflation in October rises less than forecast

Thu, 30 October 2014

German inflation in October rose an estimated 0.7% year-on-year, less than the analysts' forecasts for 0.9% on a harmonised basis, the Federal Ministry of Finance revealed on Thursday. It follows an... [more]

Consumer prices rose by less than expected in German regions in October

Thu, 30 October 2014

The latest readings on consumer prices in Germany's main federal states for the month of October were mostly weaker than expected. In particular, consumer prices in Bavaria advanced at a 0.8% year-on-... [more]

Economic sentiment improved on the Continent in October, EC survey shows

Thu, 30 October 2014

Optimism in the Eurozone's economic outlook registered a broad improvement in October according to the European Commission. The index of economic sentiment (ESI) from the European Union's (EU) executi... [more]

Spain GDP expands 0.5% in Q3, but risks lie ahead

Thu, 30 October 2014

Spanish gross domestic product (GDP) growth slowed down during the third quarter in line with what the market expected, but analysts raised concerns about how the recovery will fare next year. Spanish... [more]

Federal Reserve needs diversity of opinions, says Yellen

Thu, 30 October 2014

Janet Yellen, the Federal Reserve chairwoman, has said that having a range of different ideas and perspectives is crucial to ensuring the US central bank makes correct decisions. "Promoting diversity ... [more]

Federal Reserve ends QE, rates to stay low for a considerable time

Wed, 29 October 2014

The Federal Reserve has announced the end of its bond buying programme and decided to keep interest rates unchanged. The Federal Reserve has announced the end of its bond buying programme and decided ... [more]

A hundred people feared dead after Sri Lanka landslide

Wed, 29 October 2014

Around 100 people are feared dead after a fatal landslide in Sri Lanka, according to reports. 140 houses in the city of Badulla were struck by the landslide, which came following heavy monsoon rain. ... [more]

Euro/dollar trading in no man's land

Wed, 29 October 2014

Technical analysts at Digital Look noted on Wednesday that the euro/dollar was trading in "no man's land", halfway between the 1.2613 support and 1.2888 resistance levels. "Until we see the pair break... [more]

Support and resistance levels for the main currency pairs

Wed, 29 October 2014

The following are the technical support and resistance levels for Forex trading. CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.2613/1.2888. Euro/Yen: 135.17/137.95. Euro/Pound: 0.7859/0.7942.... [more]

NASA rocket suffers 'mishap' as it explodes on lift-off

Wed, 29 October 2014

An unmaned NASA rocket has exploded just seven seconds after lift-off on Tuesday evening. The Orbital Sciences Corp Antares rocket had been intended to deliver supplies and secret equipment to the Int... [more]

European Union won't reject French, Italian budgets, reports indicate

Tue, 28 October 2014

The European Union (EU) will not reject the budget plans of France and Italy, according to reports. That comes after French finance minister Michel Sapin moved to block such a possibility on Monday. ... [more]

US consumer confidence rises more than forecast

Tue, 28 October 2014

US consumer confidence rose more than expected in October, data from the Conference Board showed on Tuesday, despite recent volatility in global capital markets. The cut-off date for the survey was 16... [more]

Global gender gap narrows

Tue, 28 October 2014

The global gender gap has narrowed in the past 10 years, a survey by the World Economic Forum (WEF) found. The improvements have come as a result of the "sweeping changes" across many countries, with ... [more]

Italian business confidence rose smartly in October

Tue, 28 October 2014

Italian business confidence improved unexpectedly in October a survey from the country's statistics office (ISTAT) showed. ISTAT's headline measure improved to 89.3 from a reading of 86.9 in the month... [more]

FX round-up: Risk appetite off a tad after German IFO data

Tue, 28 October 2014

The exception to the above was the most recent reading on the business climate in the Eurozone's largest economy, Germany, which added to investors' worries. There was also some good news, of sorts, o... [more]

Main euro/dollar technical levels of control become clearer

Tue, 28 October 2014

Technical analysts at Digital Look noted on Tuesday that, despite the recent erratic behavior in the euro/dollar, the main levels of control to keep tabs on were coming more clearly into view. "For th... [more]

Support and resistance levels for the main currency pairs

Tue, 28 October 2014

The following are the technical support and resistance levels for Forex trading. CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.2677/1.2888. Euro/Yen: 135.17/137.90. Euro/Pound: 0.7859/0.7901.... [more]

ECB purchased €1.7bn in covered bonds last week

Mon, 27 October 2014

The European Central Bank (ECB) purchased €1.7bn in covered bonds under its third such programme since the start of the financial crisis. Via the aforementioned, and alongside its recently unvei... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Barclays 240.80 8.20 16:59
Royal Bank of Scotland Group 388.00 6.21 17:03
International Consolidated Airlines Group SA (CDI) 409.20 4.74 16:48
St James's Place 742.50 4.56 16:59
ARM Holdings 875.00 4.35 16:59

FTSE 100 Top Fallers

Name Last Chg.% Time
Randgold Resources Ltd. 3,678.00 -2.67 17:01
Fresnillo 695.00 -2.65 17:09
Direct Line Insurance Group 275.70 -1.95 17:01
TUI Travel 398.60 -0.55 17:01
Morrison (Wm) Supermarkets 154.80 -0.51 17:09