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Facebook tumbles and drops below key support

Tech analysis by Simon Kazinsky on 11:29 EST December 04, 2017
Techs / FANGS are not that exhuberant lately.

Stocks snap after Michael Flynn entering guilty plea in connection to Russia probe

News by Newsroom on 11:43 EST December 01, 2017
Stocks flash crashed during Friday afternoon trading.

Pound dips despite UK manufacturing at its best in four years

News by Newsroom on 06:06 EST December 01, 2017
The UK's manufacturing sector rose by most in four years in November according to the IHS Markit's purchasing managers' index (PMI) for the manufacturing sector jumped to 58.2 from an upwardly revised 56.5 in October.

Gold price may be near a new leg down

News by Simon Kazinsky on 12:48 EST November 29, 2017
Gold is consistently showing its inability to rally under any circumstances.

Apple sets a double top

Tech analysis by Simon Kazinsky on 12:29 EST November 29, 2017
Apple is no exception on Wednesday trading and, like the rest of the tech giant is having a painful day, just after yesterday enthusiasm following a new all time high.

Facebook posts worst day of the year after setting record high

Tech analysis by Simon Kazinsky on 12:20 EST November 29, 2017
Facebook is sliding rapidly after setting a record high yesterday when traded at $183 a share.

October pending home sales fuel stock market party

News by Newsroom on 11:14 EST November 29, 2017
The National Association of Realtors (NAR) released on Wednesday morning its data on pending sales of existing homes for the month of October.

Stocks up as US GDP improves

News by Newsroom on 10:53 EST November 29, 2017
The second reading for US GDP in the third quarter beat expectations as it was announced on Wednesday by one-tenth of a percent at +3.3% annualized.

Stocks on free rise as consumer confidence best in almost two decades

News by Newsroom on 12:45 EST November 28, 2017
With a score of 129.5 the US CB Consumer Confidence index has set on Tuesday yet another high, and its best since the year 2000, just before the dot com crash.

Canadian dollar to continue its decline

Tech analysis by Simon Kazinsky on 05:56 EST November 28, 2017
USDCAD has set a short term double bottom in the 1.265. At this value also sits at present the moving average that has provided resistance three times since June every time the pair attempted to travel north of the chart.

British banks can endure shocks BoE says (despite half of them being on government support)

News by Allie Longford on 05:33 EST November 28, 2017
Britain's largest banks can withstand a series of economic shocks, including a no-deal Brexit scneario, the Bank of England said Tuesday.

UK government slashes growth forecast for next year

News by Newsroom on 08:53 EST November 22, 2017
Headlines of Philip Hammond's Autumn 2017 Budget revealed on Wednesday morning:

UK manufacturing orders best since the 80s

News by Allie Longford on 07:33 EST November 21, 2017
The UK manufacturing industry has reported on Tuesday its strongest total orders since August 1988.

Draghi not convinced inflation is picking up

News by Allie Longford on 10:59 EST November 20, 2017
Draghi testified on the European Systemic Risk Board before the European Parliament Economic and Monetary Affairs Committee, in Brussels on Monday afternoon.

Euro lower as the end of the Merkel era looms in the horizon

News by Allie Longford on 09:42 EST November 20, 2017
The Euro trades slightly lower against most of its counterparts at the beginning of the week as trouble emerges in Germany.

Japan exports grow but trade balance surplus shrinks

News by Newsroom on 20:46 EST November 19, 2017
Ministry of Finance (MOF) data out on Monday morning show that exports rose 14.0 percent year-on-year in October, led by shipments of cars to Australia and raw materials for plastics to China.

Canada annual inflation Slowed in October

News by Newsroom on 10:03 EST November 17, 2017
Canada's consumer-price index rose 1.4% on a year-over-year basis in October, Statistics Canada said on Friday, following a 1.6% advance in September.

Unemployment claims unexpectedly on the rise

News by Newsroom on 10:30 EST November 16, 2017
The number of Americans filing applications for unemployment benefits for first time increased again last week to 249,000 the Labor Department reported on Thursday.

Dismal retail sales dump optimism

News by Newsroom on 08:32 EST November 15, 2017
US retail sales increased by 0.2% in the month of October, far below the 1.6% anticipated.

UK employment fell by most in more than two years and wages lag inflation

News by Newsroom on 05:06 EST November 15, 2017
UK employment fell in the third quarter to 32 million people, down by 14,000 from the previous quarter.

Inflation to emerge soon as producer prices surge most in six years

News by Newsroom on 09:43 EST November 14, 2017
U.S. producer prices rose more than anticipated in October, driven mainly by a surge in the cost of services, leading to the biggest annual increase in wholesale inflation in nearly 6 years.

China’s Economy slows as retail, factories and investment fade

News by Newsroom on 23:05 EST November 13, 2017
China’s industrial output was soft last month, while fixed asset investment and retail sales grew at a lower pace than anticipated, suggesting the economy may be loosing some steam at the end of the year as the government tries to reduce debt risks.

GE shares plunge 7% in biggest decline since housing recession

News by Newsroom on 21:40 EST November 13, 2017
It is not all as rosy as the ever ascending Wall Street indices may suggest.

Spanish IBEX loses the 10,000 mark

News by Newsroom on 09:19 EST November 13, 2017
Bad start of the week for stocks on both sides of the Atlantic.

U.K. construction posts worst decline in five years

News by Newsroom on 05:48 EST November 10, 2017
For two quarters in a row the UK construction sector has been in declined figures from the Office for National Statistics released on Friday show.

Kiwi on demand after RBNZ considers new government policies "uncertain"

News by Newsroom on 18:07 EST November 08, 2017
The Reserve Bank of New Zealand said on Thursday that the impact of the policies of the new Labour-led government was "very uncertain," but that the prospect of greater fiscal stimulus led the bank to sound upbeat on growth going forward.

Gold heads lower

Tech analysis by Simon Kazinsky on 11:26 EST November 07, 2017
Gold continues its descend against the dollar.

Euro zone retail sales at its fastest growth in 2 years

News by Newsroom on 09:34 EST November 07, 2017
Clothes and furniture boost euro zone retail sales in September despite a fall in motor fuel sales, pointing to rising domestic demand as the economy gathers pace.

The pound is ready to dive once again

Tech analysis by Simon Kazinsky on 09:52 EST November 06, 2017
The pound remains weak against most of its major counterparts and certainly versus both the US dollar and the Euro.

Eurozone inflation accelerating more than expected

News by Newsroom on 05:59 EST November 06, 2017
Prices at the factory gate hiked 2.9 percent year-over-year in September, after a 2.5 percent increase in August.