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In December Xiaomi became the world’s most valuable tech startup, worth $46 billion. Meanwhile, last week Apple said it sold a record 74.5m iPhones during the three months to December – the equivalent of 34,000 per hour – significantly ahead of forecasts that it would sell 65m...
Company News
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Anton Voropaev, 2 February 2015, 09:41 #Apple
The seasonally adjusted Markit Spain Purchasing Managers’ Index rose to 54.7 in January from 53.8 in December. According to the Markit survey, manufacturing production increased sharply at the start of the year, with the rate of growth picking up since December...
Market News
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Andrius Kulvinskas, 2 February 2015, 09:37
A leading Bitcoin company in Australia, DigitalBTC says that it has dissolved a supply agreement with cloud mining service CloudHashing...
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BlondieNews, 2 February 2015, 09:11 #Cryptocurrency, bitcoin
The Danske Bank Research Team previews today’s Eurozone and US data releases. Key Quotes “Euro PMI manufacturing is due for release and the flash estimates in the periphery will attract most attention...
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Andrius Kulvinskas, 2 February 2015, 08:41
According to FXStreet Editor and Analyst, Omkar Godbole, the EUR/USD pair is likely to breach the channel support at 1.1286 levels and move lower to retest 1.1220 – 1.1240 levels. Key Quotes “The EUR/USD pair finished weak on Friday at 1.1299, well below the 5-DMA located currently at 1...
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Andrius Kulvinskas, 2 February 2015, 08:36 #EUR/USD
On Monday the Australian dollar continued its gains despite disappointing manufacturing data from China. In China, the HSBC January manufacturing PMI us came in at 49.7, lower than the flash estimate of 49.8...
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News, 2 February 2015, 08:32 #IMF, usd/jpy, forex news
NZD/USD steadied in the European morning, although trading in a very narrow range as market look for fresh triggers ahead of a slew of NZ data in the week ahead. Consolidates between 0.7246 - 0.7274 levels Currently, the NZD/USD traded flat at 0...
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Andrius Kulvinskas, 2 February 2015, 08:20
The sterling is posting marginal gains vs. the greenback at the end of the Asian trading hours, with GBP/USD hovering over 1.5070. GBP/USD eyes on PMI After a promising start, spot managed to clinch the 1...
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Andrius Kulvinskas, 2 February 2015, 08:16 #GBP/USD
EUR/USD defends mild gains in the early European morning, extending its consolidation phase around 1.13 handle from the last week as traders eye PMI readings from Euro area economies later in the session. EUR/USD stuck at 5-DMA The EUR/USD now recovers from fresh session lows and trades now at 1...
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Andrius Kulvinskas, 2 February 2015, 08:04 #EUR/USD
Karen Jones, Head of Technical Analysis at Commerzbank, gives the technical outlook for EUR/CHF and USD/CHF, noting that both the CHF pairs remain bid at current levels. Key Quotes “EUR/CHF is bid near term above 1.0080, and we continue to look for gains to the 1.0600/70 region – this is the 61...
Trading Ideas
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Andrius Kulvinskas, 2 February 2015, 07:53
EUR has paused the high speed downside which started in December. However the downside is still far from over. On H4, Daily, Weekly and Monthly the indicators are bearish and for now do not show any signs of correction. To start a correction we need a H4 close above 1...
Analytics & Forecasts
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Andrius Kulvinskas, 2 February 2015, 07:43 #gold
According to the recent data, Chinese manufacturing weakened, sending Asian stock markets lower on Monday. Oil swung...
Market News
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News, 2 February 2015, 07:42 #Hang Seng, Nikkei
Gold prices on Comex steadied in early European morning, having posted its biggest monthly gain in three years on Friday after weaker-than expected US GDP data spooked the markets. Currently, gold trades higher by 0.10% at 1279.80 levels, retreating from 1285.40 levels hit on Friday last week...
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Andrius Kulvinskas, 2 February 2015, 07:37 #gold
GBP/JPY trimmed gains from the previous session, heading towards the European opening bells as the yen recovers partial losses versus the greenback. Back above 177 levels Currently, the GBP/JPY cross traded at 177.39 levels, up 0.21% on the day, moving away from day’s low posted at 176.50...
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Andrius Kulvinskas, 2 February 2015, 07:19
Charles St-Arnaud, Research Analyst at Nomura, comments on the recent Canadian macro data release, and further notes that the current contraction in production suggests the BoC might cut rates further in March. Key Quotes “Monthly GDP decreased 0...
Market News
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Andrius Kulvinskas, 2 February 2015, 07:14
Russia’s central bank cuts its key rate by 200bp to 15%. We expect USDRUB to climb over 75 within 1M. We expect Russia’s economy to expand only after 2016. Assessment and outlook Today (30 January 2015) Russia’s central bank unexpectedly cut its key rate to 15% from 17% p.a...
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Andrius Kulvinskas, 2 February 2015, 07:07 #USDRUB
The Market Strategy Team at UOB Group, comment that EUR/USD’s consolidation appears to be on the verge of completion and the pair might rebound to 1.1350 before heading lower towards 1.1260. Key Quotes "The recent bout of sideway consolidation appears to be close to completion...
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Andrius Kulvinskas, 2 February 2015, 06:57 #EUR/USD
AUD/USD remained unaffected by the bearish Australian commodity prices index which showed continued drop in commodity prices. Up from 0.7770 levels Currently, the AUD/USD trades higher by 0.32% at 0.7790 levels, inching towards 0.7800 levels...
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Andrius Kulvinskas, 2 February 2015, 06:54
The Yen went from being the strongest currency in early Asia, courtesy of stop-loss hunting practices, to end as the weakest, together with the Swiss Franc, also being weighed down by talk of an unofficial soft floor in EUR/CHF at 1.05-1.10 doing the rounds...
Market News
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Andrius Kulvinskas, 2 February 2015, 06:45 #usd/jpy
US DOLLAR TECHNICAL ANALYSIS Prices may be preparing to decline after prices put in a bearish Evening Star candlestick pattern. Negative RSI divergence bolsters the case for a downside scenario. Near-term support is at 11734, the intersection of the 14...
Analytics & Forecasts
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Sergey Golubev, 2 February 2015, 06:11 #S&P 500, crude oil, gold