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German minister accuses Qatar of financing IS

Wed, 20 August 2014

A German government minister has accused Qatar of financing the jihadist terror group, the Islamic State of Iraq and Greater Syria (Isis) Germany's development aid minister, Gerd Mueller, claims that... [more]

Riot

Pakistan legislators to meet as protesters call for reform

Wed, 20 August 2014

Led by former cricket player Imran Khan, protesters in Pakistan's capital Islamabad marched in their thousands on the country's parliament in a plea for a government reform. Pakistan's political lead... [more]

FX

GBP/USD: No clear support until 1.6260

Wed, 20 August 2014

The minutes from the Bank of England's (BoE) latest policy meeting surprised market watchers. Two members voted for a rate hike of 25 basis points, leading to gains in cable. Even so, technical analy... [more]

Money

EUR/USD: No important support until 1.31

Wed, 20 August 2014

After euro/dollar perforated the technical support zone of 1.3330 on Tuesday technical analysts at Digital Look pointed out that the loss of the base of the small triangle formation also appeared to ... [more]

Global Round up

IS militants claim to have killed US journalist James Foley - UPDATE

Wed, 20 August 2014

Islamic State (IS) militants circulated a video online on Tuesday which showed the beheading of a man they claimed to be James Foley, an American photojournalist who was kidnapped in Syria two years a... [more]

FX round-up: Euro/dollar, at nine-month lows, may be headed lower

Wed, 20 August 2014

The US dollar notched nine-month highs versus the European single currency in the wake of stronger-than-expected data on US housing starts on Tuesday. The above came as traders positioned themselves ... [more]

Support and resistance levels for the main currency pairs

Wed, 20 August 2014

CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.31/1.3345. Euro/Yen: 135.70/138.03. Euro/Pound: 0.7920/0.8034. Dollar/Yen: 103.081/103.55. Dollar/Swiss franc: 0.90232/0.91147. Pound/Dollar: 1.... [more]

Riots in Ferguson show racial tensions persist in the US

Tue, 19 August 2014

The US has been in the spotlight in the last few weeks after the police shot dead an unarmed 18-year-old black man in Ferguson, Missouri, which shows racial tensions are still an ongoing concern in th... [more]

US housing starts, permits surge in July

Tue, 19 August 2014

The US housing market could be showing signs of recovery after the Commerce Department announced on Tuesday housing starts and building permits in the US bounced back strongly in July. Groundbreaking... [more]

US core CPI misses, but Fed still set to hike rates in March

Tue, 19 August 2014

US consumer prices advanced at a 0.1% month-on-month (2% year-on-year) clip in July, according to the Bureau of Labor Statistics. That was in line with economists' forecasts. At the core level, excl... [more]

Violence in Ferguson erupts again as police arrest and shoot protesters

Tue, 19 August 2014

Protests against the killing of an unarmed teenager by a police officer in Ferguson, Missouri continued days after the event, as police and national guard troops confronted protesters and made arrests... [more]

Ebola death toll rises above 1,220

Tue, 19 August 2014

The death toll of the Ebola virus outbreak in West Africa has risen to 1,229 following a further 84 reported between 14th and 16th of August, the latest statistics from the World Health Organisation (... [more]

GBP/USD: CPI takes out first support level

Tue, 19 August 2014

Technical analysts at Digital Look admitted they had expected cable to test resistance at the middle of last Wednesday's large bearish candle stick (1.6750) but that Tuesday's consumer price index (CP... [more]

EUR/USD: Pair moves toward 1.3330 support

Tue, 19 August 2014

Digital Look technical analysts highlighted on Tuesday that the euro/dollar has been trading horizontally for the last few weeks between the support at 1.3330 and the resistance at 1.3433. "As we've ... [more]

US air strikes help Iraq army to secure key Mosul dam

Tue, 19 August 2014

Kurdish and Iraqi forces dealt Islamic State (IS) militants a severe blow by recapturing the Mosul Dam on Monday. The dam, which supplies power and water to a large part of Northern Iraq, was conside... [more]

Aid to Ukrainian refugees "a priority", says Russian minister

Tue, 19 August 2014

Plans to increase aid to Ukrainian refugees are set to go ahead, after Russia's Deputy Emergencies Minister Vladimir Stepanov said on Tuesday that his government regarded them as its priority task. "... [more]

FX round-up: Yen depreciates slightly as risk aversion rises

Tue, 19 August 2014

The European single currency gave back some ground on the first day on Monday as geopolitical tensions came slightly off the boil, particularly in Ukraine but also in Iraq and Gaza. Ukraine's foreign... [more]

Support and resistance levels for the main currency pairs

Tue, 19 August 2014

CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.3330/1.3433. Euro/Yen: 135.70/138.03. Euro/Pound: 0.7920/0.8034. Dollar/Yen: 101.512/103.081. Dollar/Swiss franc: 0.90232/0.91147. Pound/Dollar:... [more]

"Britain is not going to get involved in another war in Iraq," says Cameron

Mon, 18 August 2014

David Cameron has said the UK should be prepared to use diplomatic and military forces to curb the threat posed by militants of the Islamic State (IS) in Northern Iraq. The British Prime Minister des... [more]

French FM calls on ECB to lower euro

Mon, 18 August 2014

French Finance Minister Michel Sapin has called on the European Central Bank (ECB) to take action and support growth by forcing the euro lower. After data last Thursday showed that France's gross dom... [more]

Moody's warns on danger of French deficit breach for Eurozone

Mon, 18 August 2014

Moody's Investor Service has warned that missed deficit targets in France would be credit negative for the Eurozone as a whole. The comments came after French Finance Minister Michel Sapin said on Th... [more]

Iraq forces take control of rebel-held dam

Mon, 18 August 2014

Islamic State (IS) militants have been forced out of Mosul dam by Kurdish fighters and Iraqi counter-terrorism forces, Iraq state television said on Monday. Lieutenant-General Qasim Atta, a spokesper... [more]

GBP/USD: The closest resistance is at 1.6752

Mon, 18 August 2014

Digital Look technical analysts insisted on Monday that the cable's recent climb is nothing more that a simple rebound. "In fact, a rebound to 1.6752 would be completely logical as it would coincide ... [more]

EUR/USD: A close above 1.3433 would signal a rebound

Mon, 18 August 2014

Digital Look technical analysts repeated on Monday that the euro-dollar's head-and-shoulders figure with a downside target of 1.30-1.31 remained intact. "What remains to be seen is if the rebound to ... [more]

Ukrainian forces claim breakthrough in rebel-held city

Mon, 18 August 2014

The Ukrainian flag was raised over a police station in Luhansk, the Ukrainian government reported on Sunday, describing it as a major blow for the rebel forces. Ukrainian forces took a major step in ... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Royal Mail 446.90 1.85 13:21
Kingfisher 314.40 1.22 13:19
AstraZeneca 4,278.50 0.94 13:21
Rio Tinto 3,440.50 0.76 13:21
Hargreaves Lansdown 1,115.00 0.72 13:21

FTSE 100 Top Fallers

Name Last Chg.% Time
CRH 1,395.00 -2.31 13:21
3i Group 383.20 -2.24 13:21
Persimmon 1,320.00 -2.22 13:21
Mondi 1,001.00 -2.15 13:21
Barratt Developments 361.10 -2.03 13:21