Login/Register

Currencies News

Currencies

S&P upgrades Cyprus on strong budget performance

S&P upgrades Cyprus on strong budget performance

Fri, 24 October 2014

Rating agency Standard & Poor's has upgraded European economic struggler Cyprus, citing a strong budgetary performance. The EU and the International Monetary Fund bailed out Cyprus to the tune of &eur... [more]

Draghi calls for stimulus and says joint effort needed to avoid 'recession'

Draghi calls for stimulus and says joint effort needed to avoid 'recession'

Fri, 24 October 2014

Mario Draghi, the European Central Bank's (ECB) president has warned leaders from the European Union that a "joint effort" is required to avoid a "relapse into recession." The Eurozone countries with ... [more]

US new home sales edged higher to 467,000 in September

US new home sales edged higher to 467,000 in September

Fri, 24 October 2014

US new home sales edged higher by 0.2% month-on-month in September to reach an annualised rate of 467,000, according to the Department of Commerce. The consensus forecast had been for 470,000. Septem... [more]

Support and resistance levels for the main currency pairs

Support and resistance levels for the main currency pairs

Fri, 24 October 2014

The following are the technical support and resistance levels for Forex trading. CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.2498/1.2888. Euro/Yen: 135.17/137.90. Euro/Pound: 0.7870/0.8046.... [more]

Britain in talks with other EU states to challenge EU's £1.7bn demand

Britain in talks with other EU states to challenge EU's £1.7bn demand

Fri, 24 October 2014

The UK is in talks with fellow European Union (EU) member states to challenge the EU's latest demand that Britain hand over £1.7bn extra this year to compensate for its recovering economy. A spokesman... [more]

US jobless claims rise 17,000, but four-week average hits 14-year low

Thu, 23 October 2014

Weekly jobless claims in the US picked up as expected last week after hitting their lowest level since 2000, but remained below the key 300,000 mark for the sixth week in a row. Initial claims for une... [more]

Support and resistance levels for the main currency pairs

Thu, 23 October 2014

The following are the technical support and resistance levels for Forex trading. CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.2622/1.2888. Euro/Yen: 135.40/137.01 Euro/Pound: 0.7870/0.8046. ... [more]

HSBC Chinese manufacturing PMI improves in October, but weakness remains.

Thu, 23 October 2014

The HSBC 'flash' purchasing managers' index (PMI) for Chinese manufacturing rose to 50.4 in October, but while overall growth picked up there were still some signs of weakness in the data. The headlin... [more]

US CPI rises slightly faster than expected in September

Wed, 22 October 2014

US consumer prices remained unchanged in September at a 1.7% year-on-year rate of change, according to the latest figures from the Bureau of Labour Statistics. That was one tenth of a percentage point... [more]

FX round-up: Risk appettite picks up

Wed, 22 October 2014

Risk appetite was buoyed on Wednesday by speculation the ECB might move to expand the scope of its asset purchase programme to include corporate bonds. A slightly smaller than forecast slowdown in Chi... [more]

Eleven Eurozone banks poised to fail stress tests - UPDATE

Wed, 22 October 2014

As markets prepare for the official results of the European Central Bank (ECB) stress tests and asset quality review on Sunday, a report stated that 11 Eurozone banks would fail similar tests by the E... [more]

MPC minutes emphasise lack of inflationary pressures

Wed, 22 October 2014

As anticipated by economists, the minutes of the 7 to 8 October meeting of the Monetary Policy Committee (MPC) revealed that the decision to maintain Bank Rate and the current size of the Bank's bond ... [more]

Euro/dollar at key technical support

Wed, 22 October 2014

Technical analysts at Digital Look noted that Tuesday's drop in the euro/dollar had taken the pair to a level of technical support located at the bottom of a rising short-term channel. "This is to say... [more]

Support and resistance levels for the main currency pairs

Wed, 22 October 2014

The following are the technical support and resistance levels for Forex trading. CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.27/1.2888. Euro/Yen: 135.65/137.90 Euro/Pound: 0.7870/0.8046. ... [more]

FX round-up: Something moves in German policy circles?

Tue, 21 October 2014

Increased risk appetite was evident on Monday as the German finance minister said the economic recovery in Europe was at a phase where the economy was weakening. Acting as a backdrop, writing in the F... [more]

US existing home sales rose past forecasts in September

Tue, 21 October 2014

Existing home sales in the US grew by 2.4% month-on-month in September to reach a 5.17m unit pace, the quickest this year, according to the National Association of Realtors (NAR). The consensus estima... [more]

ECB said to be considering corporate bond purchases

Tue, 21 October 2014

Today's surge in European equities is being attributed by some market commentary to reports that the European Central Bank (ECB) is considering the purchase of corporate bonds. According to The Wall S... [more]

Moody's warns oil could fall into $70s but remain solid long-term

Tue, 21 October 2014

The sharp drop in oil prices is not a prelude to a long-term collapse, insisted rating agency Moody's, but prices could fall into the $70 range in coming months. After trading within a $20 band for se... [more]

International air passengers up 4.5% in August, IATA says

Tue, 21 October 2014

The number of international air passengers improved by 4.5% in August, up from a 2.6% increase in July, the International Air Transport Association (IATA) said. The results show that the business is i... [more]

Banks may pay up to $41bn to settle currency fixing claims, analysts say

Tue, 21 October 2014

Banks could be forced to pay as much as $41bn to settle an investigation into their alleged collusion and manipulation of the foreign exchange market, Citigroup analysts have said. Deutsche Bank is ex... [more]

Euro/dollar continues to notch up higher lows and highs

Tue, 21 October 2014

Technical analysts at Digital Look again pointed on Tuesday to the short-term pattern in the euro/dollar trade showing successively higher lows and highs since the beginning of October. "As long as th... [more]

Support and resistance levels for the main currency pairs

Tue, 21 October 2014

The following are the technical support and resistance levels for Forex trading. CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.2622/1.2888. Euro/Yen: 135.50/137.90 Euro/Pound: 0.7764/0.8046. ... [more]

Bullish divergence appears in cable's technical indicators

Mon, 20 October 2014

While Digital Look technical analysts said cable had shown a clearly bearish tendency over the last few months, they noted on Monday a bullish divergence between the price and the stochastic oscillato... [more]

Short-term bullish signal in euro/dollar

Mon, 20 October 2014

Technical analysts at Digital Look on Monday highlighted how the trend in the euro/dollar over the last few months continued to be bearish, noting that the pair had been setting successively lower low... [more]

Support and resistance levels for the main currency pairs

Mon, 20 October 2014

The following are the technical support and resistance levels for Forex trading. CURRENCY PAIR: SUPPORT/RESISTANCE Euro/Dollar: 1.2622/1.2888. Euro/Yen: 134.12/137.90 Euro/Pound: 0.7764/0.8046. ... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Shire Plc 4,050.00 3.98 17:14
Vodafone Group 200.50 1.85 17:14
Standard Chartered 1,115.00 1.46 17:02
Old Mutual 184.70 0.65 17:08
3i Group 379.60 0.56 17:00

FTSE 100 Top Fallers

Name Last Chg.% Time
Pearson 1,139.00 -2.57 17:02
G4S 251.00 -2.41 17:02
Anglo American 1,308.00 -2.39 17:08
Tullow Oil 494.60 -2.16 17:02
InterContinental Hotels Group 2,217.00 -1.90 17:08