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US consumers still see no improvement in wages, survey shows

Fri, 01 August 2014

The University of Michigan's consumer confidence index edged lower in July, hitting 81.8. That followed a preliminary estimate of 82 and a final June reading of 82.5. The consensus estimate was for ... [more]

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Manufacturing ISM beat forecasts in July

Fri, 01 August 2014

The US ISM manufacturing index rose to 57.1 in July, versus a reading of 55.3 in June, indicating an expansion in activity levels for a 14th consecutive month. The consensus estimate had been for a r... [more]

Capitol Hill

Federal Reserve moving closer to interest rate hike, says Fisher

Fri, 01 August 2014

The Federal Reserve is moving closer to increasing interest rates, according to Dallas Fed president Richard Fisher on Friday. Fisher noted that the labour market had improved and data had pointed to... [more]

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US non-farm payrolls increase by 209,000 in July - UPDATE

Fri, 01 August 2014

US non-farm payrolls increased by 209,000 in July, according to the Department of Labor, despite a noticeable slowdown in hiring by service sector firms. The consensus estimate had been for an increa... [more]

Money

EUR/USD: Head-and-shoulders figure remains intact

Fri, 01 August 2014

It's confirmed. On Friday technical analysts at Sharecast said that the bearish head-and-shoulders chart pattern in the euro/dollar remains intact. "It's true that we've been waiting several sessions... [more]

GBP/USD: A larger than expected correction

Fri, 01 August 2014

Although technical analysts at Sharecast admit that the correction in cable has gone even further than they originally expected they insist that the trend in the pair remains bullish. "Although we ar... [more]

FX round-up: Single currency still headed lower, technical analysts say

Fri, 01 August 2014

A much weaker than expected reading for the latest MNI Chicago manufacturing sector purchasing managers' index (PMI) and traders positioning ahead of Friday's non-farm payrolls report saw the euro/dol... [more]

UK manufacturing growth slows to lowest level for a year in July

Fri, 01 August 2014

UK manufacturing activity slowed to its worst level in a year last month, fuelling fears that the country's fragile economic recovery may be faltering. The UK manufacturing sector purchasing managers... [more]

Weak Eurozone manufacturing will lift ECB speculation, Markit says

Fri, 01 August 2014

Activity in the Eurozone manufacturing sector remained unchanged at seven-year lows despite continued overall growth, fuelling speculation that the European Central Bank (ECB) will act again to boost ... [more]

Support and resistance levels for the main equity benchmarks

Fri, 01 August 2014

SECURITY: SUPPORT/RESISTANCE Ftse 100: 6,643/6,833. S&P 500: 1,902/1,948. Dow Jones: 16,300/16.730. Nasdaq 100: 3,866/3,976. Cac 40 Futures: 4,277/4,416. Dax 30 Futures: 9,100/9,500. Euro S... [more]

The euro/dollar moves further away from its neckline

Thu, 31 July 2014

On Wednesday, the euro/dollar hit an intra-day low at 1.3364, moving even further away from its the zone of resistance at 1.3520-1.3525, technical analysts at Sharecast commented. They pointed out tha... [more]

Israel rejects ceasefire calls, PM determined to destroy Hamas tunnels

Thu, 31 July 2014

Israeli Prime Minister Benjamin Netanyahu has rejected calls for a further ceasefire in Gaza and has called up 16,000 army reservists to stock up its forces after booby traps claimed the lives of thre... [more]

Chicago manufacturing sector PMI falls sharply in June

Thu, 31 July 2014

Market News International's (MNI) Chicago regional manufacturing sector purchasing managers' index (PMI) fell back sharply in June, hitting the 52.6 point mark - the lowest since June 2013 - after a r... [more]

Argentina defaults for second time in 13 years

Thu, 31 July 2014

Argentina has been unable to afford its debt repayments for the second time in 13 years after last-minute negotiations between the South American country and a group of hedge funds fell through on Wed... [more]

US jobless claims rise, but monthly average hits eight-year low

Thu, 31 July 2014

Initial weekly unemployment claims rose slightly more than forecast last week but remained near a post-recession low after dropping to a 14-year low the previous seven days. Jobless claims rose 23,00... [more]

US employment cost index rises slightly more than forecast

Thu, 31 July 2014

The US employment cost index increased by 0.7% during the second quarter in terms of quarterly rates of change (2% year-on-year), according to the Bureau of Labor Statistics (BLS). Compensation for p... [more]

Eurozone unemployment and inflation fall to new lows

Thu, 31 July 2014

Eurozone unemployment unexpectedly ticked down to a 21-month low, according to Eurostat data for June, with experts still suggesting there is spare capacity in the market. Specifically, the jobless r... [more]

Eurozone inflation at 2009 low, ups pressure on ECB

Thu, 31 July 2014

Inflation in the Eurozone decreased yet again in July to its lowest level since 2009 and increased the pressure on the European Central Bank (ECB) to take additional measures at their policy meeting. ... [more]

FX round-up: Euro and Yen continue to weaken

Thu, 31 July 2014

The euro/dollar continued its slow descent ahead of Friday's US non-farm payrolls report and Wednesday evening's policy statement from the Federal Open Market Committee (FOMC), ending the day off by 0... [more]

German unemployment decreases, retail sales mixed

Thu, 31 July 2014

Germany registered a larger-than-expected fall in the number of unemployed in July, even though the jobless rate remained unchanged, according to data published by the German Statistics Office on Thur... [more]

Support and resistance levels for the main currency pairs

Thu, 31 July 2014

CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.3294/1.3527. Euro/Yen: 136.32/138.45. Euro/Pound: 0.7760/0.7980. Dollar/Yen: 102.265/104.125. Dollar/Swiss franc: 0.90367/0.91563. Pound/Dollar:... [more]

Ebola fears spark emergency Cobra meeting

Wed, 30 July 2014

The UK government has called a meeting of its emergency Cobra committee to prepare precautions should the outbreak of Ebola virus currently gripping west Africa spread to these shores. The European U... [more]

US GDP grows by 4% in second quarter

Wed, 30 July 2014

The US economy expanded at an annualised pace of 4% in the second quarter of 2014, bouncing back strongly from a steep contraction in the weather-disrupted first quarter. The estimate smashed economi... [more]

ADP private payrolls rise 218,000 in July, miss forecasts

Wed, 30 July 2014

The American private sector added fewer-than-expected jobs in July, as hiring cooled after the strongest reading in 19 months in June. According to ADP, private-sector payrolls increased by 218,000 i... [more]

GBP/USD: Cable close to 1.69 support

Wed, 30 July 2014

After recent losses, Sharecast technical analysts noted on Wednesday that the cable has moved closer to the zone of support at the bottom trendline of the bullish movement that connects the increasing... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Smith & Nephew 1,063.00 3.61 16:36
BG Group 1,209.00 3.16 16:36
International Consolidated Airlines Group SA (CDI) 339.10 2.51 16:36
IMI 1,451.00 2.40 16:36
Royal Mail 427.30 2.37 16:36

FTSE 100 Top Fallers

Name Last Chg.% Time
United Utilities Group 855.50 -3.88 16:36
Severn Trent 1,877.00 -3.00 16:36
Schroders 2,328.00 -2.59 16:36
Johnson Matthey 2,883.00 -2.57 16:36
Standard Life 365.20 -2.56 16:36