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CFD Markets News and Forecasts — 30-09-2011
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30.09.2011
19:02
Dow 11,010.11 -143.87 -1.29%, Nasdaq 2,439 -41.78 -1.68%, S&P 500 1,142 -18.08 -1.56%
18:44
Crude oil futures on the NYMEX at the end of the day trading with a decrease of $ 79.12per barrel
17:59
Cleveland Fed Policy Chief: 'Twist' Is already working
- sees 2012 GDP between 2%-3%; inflation around 2%
- slow growth, low wages will bring prices down in 2012
17:46
European stocks close:
European stocks posted the largest weekly gain in 14 months, paring a quarterly loss, as German backing for an enhanced euro-area rescue fund eased concern that policy makers will be unable to contain the debt crisis and U.S. jobs and growth data beat forecasts.
Allianz SE and Axa SA led a gauge of insurers to the biggest jump since March 2009. Societe Generale (GLE) SA, France’s second-largest bank, and KBC Groep NV, Belgium’s biggest lender by market value, climbed more than 20 percent. Lundin Petroleum AB soared 44 percent after increasing its estimate of recoverable resources for an oil prospect.
Allianz SE and Axa SA led a gauge of insurers to the biggest jump since March 2009. Societe Generale (GLE) SA, France’s second-largest bank, and KBC Groep NV, Belgium’s biggest lender by market value, climbed more than 20 percent. Lundin Petroleum AB soared 44 percent after increasing its estimate of recoverable resources for an oil prospect.
17:26
American focus: Dollar, Yen gain; Kiwi falls
The dollar and the yen strengthened as growing evidence that the global economy is slowing boosted investor demand for currencies perceived as being the safest.
The 17-nation euro headed for its biggest monthly decline against the yen in more than a year after data showed German retail sales fell by more than economists forecast and U.S. consumer spending slowed in August. New Zealand’s dollar extended its second week of losses against its U.S. counterpart after Standard & Poor’s joined Fitch Ratings in cutting the nation’s credit ratings. The Swiss franc strengthened against the euro even after the central bank said it will prevent currency gains.
The 17-nation euro headed for its biggest monthly decline against the yen in more than a year after data showed German retail sales fell by more than economists forecast and U.S. consumer spending slowed in August. New Zealand’s dollar extended its second week of losses against its U.S. counterpart after Standard & Poor’s joined Fitch Ratings in cutting the nation’s credit ratings. The Swiss franc strengthened against the euro even after the central bank said it will prevent currency gains.
16:49
U.S. stocks fell
U.S. stocks fell, extending the biggest quarterly drop since 2008 for the Standard & Poor’s 500 Index, after reports from China and Germany fueled concerns the global economy is slowing.
Equities trimmed declines after consumer companies that sell necessities reversed declines and U.S. data showed business activity and consumer confidence topped projections. Companies most tied to economic growth had the biggest declines among 10 groups in the S&P 500. American Express Co. fell 2.2 percent, while General Electric Co. (GE) lost 2.4 percent. Micron Technology Inc. (MU) slid 12 percent after reporting an unexpected loss on weak demand for personal computers.
The S&P 500 retreated 0.8 percent to 1,151.13 at 12:01 p.m. New York time, after falling as much as 1.7 percent earlier. The Dow Jones Industrial Average lost 39.88 points, or 0.4 percent, to 11,114.10.
Equities trimmed declines after consumer companies that sell necessities reversed declines and U.S. data showed business activity and consumer confidence topped projections. Companies most tied to economic growth had the biggest declines among 10 groups in the S&P 500. American Express Co. fell 2.2 percent, while General Electric Co. (GE) lost 2.4 percent. Micron Technology Inc. (MU) slid 12 percent after reporting an unexpected loss on weak demand for personal computers.
The S&P 500 retreated 0.8 percent to 1,151.13 at 12:01 p.m. New York time, after falling as much as 1.7 percent earlier. The Dow Jones Industrial Average lost 39.88 points, or 0.4 percent, to 11,114.10.
16:30
Gold prices have stabilized
Very choppy trade in Dec COMEX gold futures, recently up $3.30 cents at $1,620.60. Short-covering and quarter-end position squaring
seen, but the upside is capped by a firmer US dollar index. Strong chart support seen at this week's low of $1,535.00. Overnight high of
$1,642.50 serving as near-term resistance.
16:12
Greek PM had constructive discussion with Sarkozy on debt crisis
15:45
Oil fell
Oil fell, heading for its largest quarterly decline in New York since the 2008 financial crisis, as signs of slowing growth in China, the U.S. and Germany heightened concerns that fuel demand will suffer. West Texas Intermediate futures have fallen 15 percent this quarter, the biggest drop since the three months ended Dec. 31, 2008. Chinese manufacturing fell for a third month, according to data from HSBC Holdings Plc, while Germany’s Federal Statistics office said retail sales declined the most in more than four months in August. U.S. consumer spending slowed in August as incomes declined, the Commerce Department said today. WTI’s discount to Brent oil narrowed for a sixth day, the longest streak since March 2010. Crude for November delivery on the New York Mercantile Exchange fell as much as $1.59, or 1.9 percent, to $80.55 a barrel and was at $80.64 at 1:52 p.m. London time. WTI is down 9.2 percent this month. Brent oil for November settlement fell $1.57 to $102.38 a barrel on the ICE Futures Europe exchange in London. Prices are down 9 percent this quarter.
14:34
Barclays about US data
"Chi PM report was very strong, with impressive gains in production (63.9 from 57.8), new orders (65.3 from 56.9), and employment (60.6 from 52.1)." Barclays call for mfg ISM to remain above 50.
13:55
US: Sep final Rtrs-UMich consumer sentiment 59.4
13:51
Options:
EUR/USD $1.3440, $1.3650
USD/JPY Y75.50, Y75.75, Y76.00, Y76.50, Y77.00, Y77.25, Y77.50
EUR/JPY Y106.00
GBP/USD $1.5600
USD/CHF Chf0.9105
AUD/USD $0.9830, $0.9950, $1.0000
USD/JPY Y75.50, Y75.75, Y76.00, Y76.50, Y77.00, Y77.25, Y77.50
EUR/JPY Y106.00
GBP/USD $1.5600
USD/CHF Chf0.9105
AUD/USD $0.9830, $0.9950, $1.0000
13:46
US: Chicago PMI 60.4 in Sept
13:38
US Stocks open: Dow 11,002.09 -151.89 -1.36%, Nasdaq 2,440.35 -40.41 -1.63%, S&P 1,142.42 -17.98 -1.55%
13:06
Before the bell: S&P futures -1.0%, Nasdaq futures -0.8%
U.S. stock-index futures fell after reports from China and Germany added to concern the global economy is slowing.
A gauge of Chinese manufacturing shrank for a third month, the longest contraction since 2009, as measures of new orders and export demand declined. The reading of 49.9 for the September purchasing managers’ index, released by HSBC Holdings Plc and Markit Economics today, was unchanged from August and compared with a preliminary 49.4 figure published last week. The gauge was below 50, the level that separates expansion from contraction, for eight months through March 2009.
In Germany, retail sales declined the most in more than four years in August as concerns about the economic impact of Europe’s sovereign debt crisis sapped consumers’ willingness to spend. Sales, adjusted for inflation and seasonal swings, slumped 2.9 from July, when they rose 0.3 percent, the Federal Statistics Office in Wiesbaden said. That’s the biggest drop since May 2007. Economists forecast a 0.5 percent decline, according to the median of estimates survey.
U.S. futures extended their losses after European inflation unexpectedly accelerated to the fastest in almost three years. The euro-area inflation rate jumped to 3 percent this month from 2.5 percent in August, the European Union’s statistics office said. That’s the biggest annual increase in consumer prices since October 2008.
In Germany, retail sales declined the most in more than four years in August as concerns about the economic impact of Europe’s sovereign debt crisis sapped consumers’ willingness to spend. Sales, adjusted for inflation and seasonal swings, slumped 2.9 from July, when they rose 0.3 percent, the Federal Statistics Office in Wiesbaden said. That’s the biggest drop since May 2007. Economists forecast a 0.5 percent decline, according to the median of estimates survey.
U.S. futures extended their losses after European inflation unexpectedly accelerated to the fastest in almost three years. The euro-area inflation rate jumped to 3 percent this month from 2.5 percent in August, the European Union’s statistics office said. That’s the biggest annual increase in consumer prices since October 2008.
12:40
The reaction of dollar and US Stock futures on data was little.
12:32
US: Aug Pers Income -0.1%; Aug Pers Spending +0.2%
12:31
CANADA: Jul GDP +0.3% m/m
12:08
European session: The dollar strengthened
Data:
06:00 Germany Retail sales (August) real adjusted -2.9%
06:00 Germany Retail sales (August) real unadjusted Y/Y 2.2%
08:00 Italy Unemployment (August) 8.0%
09:00 EU(17) Harmonized CPI (September) Y/Y preliminary 3.0%
09:00 EU(17) Unemployment (August) 10.0%
The dollar strengthened as growing evidence that the global economy is slowing boosted investor demand for currencies perceived as being the safest.
The euro headed for its biggest monthly decline against the yen in more than a year after data showed German retail sales fell by more than economists forecast and before a report that may show U.S. consumer spending slowed in August.
German retail sales, adjusted for inflation and seasonal swings, slumped 2.9 percent in August from July, when they rose 0.3 percent, the Federal Statistics Office in Wiesbaden said today. That’s the biggest drop since May 2007. Economists forecast a 0.5 percent decline. Sales rose 2.2 percent in the year.
Consumer spending in the U.S. gained 0.2 percent in August after a 0.8 percent increase the previous month, according to the median estimate of economists before the Commerce Department releases the figures today.
The Swiss National Bank will defend the cap on the franc with all its determination, central bank President Philipp Hildebrand said at an event in Geneva yesterday.
EUR/USD: the pair decreased. At the beginning of american session the rate holds in area of session low at $1.3480.
GBP/USD: the pair holds $1.5540-$ 1,5620.
USD/JPY: the pair become stronger in Y76.90 area.
At 12.30 GMT Aug PI-PCE are due. Est +0.1%/+0.2%, core PCE px +0.2%.
Then at 13.45 GMT Sep Chi PM index will be published. Est 55.5.
At 13.55 GMT Sep final Rtrs-UMich consumer sentiment is due. est 57.8
11:45
Orders:
EUR/USD
Offers $1.3620, $1.3690/00, $1.3560/65, $1.3535/50, $1.3500
Bids $1.3475/70, $1.3450, $1.3415/00
Bids $1.3475/70, $1.3450, $1.3415/00
11:20
Tech on USD/JPY
Resistance 3: Y77.60 (Sep 12 high)
Resistance 2: Y77.30 (Sep 15 high)
Resistance 1: Y77.00 (area of Sep 16, 19 and 22 high)
Current price: Y76.86
Support 1:Y76.50 (session low)
Support 2:Y76.30 (Sep 27 low)
Support 3:Y76.10/15 (area of Sep 21-23 low)
Comments: the pair holds in a week range.
10:56
Tech on USD/CHF
Resistance 3: Chf0.9140 (Sep 22 high)
Resistance 2: Chf0.9140 (Sep 26 high)
Resistance 1: Chf0.9040/60 (area of session high and Sep 27 high)
Current price: Chf0.9015
Support 1: Chf0.8990 (area of support line from Sep 29)
Support 2: Chf0.8960 (session low)
Support 3: Chf0.8920 (area of session low and Sep 27-28 low)
Comments: the pair holds slightly above Chf0.9000. The further growth limits Chf0.9040/60.
10:47
Tech on GBP/USD
Resistance 3: $ 1.5750 (area of Sep 19-21 high)
Resistance 2: $ 1.5700/10 (area of Sep 27 and 29 high)
Resistance 1: $ 1.5620 (session high)
Current price: $1.5596
Support 1 : $1.5540 (session low and Sep 29 low)
Support 2 : $1.5430 (Sep 26 low)
Support 3 : $1.5330 (Sep 22 low)
Comments: the pair holds at daily range. Strong support - $1,5540 area.
10:29
Tech on EUR/USD
Resistance 3: $ 1.3680 (area of Sep 27-29 high)
Resistance 2: $ 1.3600 (session high)
Resistance 1: $ 1.3560 (european session high, МА (200) for Н1)
Current price: $1.3513
Support 1 : $1.3480 (area of session low and Sep 27 low)
Support 2 : $1.3380/60 (area of Sep 22 and 26 low)
Support 2 : $1.3250 (Jan 17-18 low)
Comments: the pair consolidates slightly above $1.3500. In focus - support on $1,3480.
09:52
European stocks fell: FTSE 5,143 -54.14 -1.04%, CAC 2,987 -40.36 -1.33%, DAX 5,524 -115.35 -2.05%.
09:31
Switzerland KOF Leading Indicator September 1.21
09:22
Forex: Thursday’s review
The vote in Berlin on changes to the EFSF allows the fund to buy the bonds of distressed member states and offer emergency loans to governments, raising Germany’s guarantees to 211 billion euros from 123 billion euros.
Gains in the euro were tempered after Italy’s borrowing costs rose at a government debt sale today. Italy’s five-year credit-default swaps were at 472 basis points today, showing traders see a 34 percent chance for the nation’s nonpayment, compared with 4.6 percent for the U.S.
The yen weakened as U.S. equity futures rose, spurring demand for higher-yielding assets.
EUR/USD: at first half of Thursday the pair rose, but then fell at $1.3550.
GBP/USD: at first half of Thursday the pair rose, but then fell at $1.5580.
USD/JPY: the pair rose and showed new weekly high Y77.03
Focus today Italy T-bill redemption for E8.0bln, German upper house Bundestrat votes on reform of the EFSF , Austria assembly to give final approval to EFSF. Afternoon data includes Chicago PMI as well as Michigan sentiment at 1345GMT and 1355GMT respectively. End of month and the dollar widely expected to be
in demand at the fixings, though the signal versus the euro said to be weak.
09:11
Italy: Prelim Consumer Price Index,September +1.9% m/m, +3.5% Y/Y
09:08
Италия: Предварительный индекс потребительских цен, Сентябрь +1.9% м/м +3.5% Y/Y
09:04
Eurozone: Unemployment Rate August 10.0%
09:04
Eurozone: Harmonized CPI, y/y, preliminary September +2.5%
08:47
Option expiries for today's 1400GMT cut:
EUR/USD $1.3440, $1.3650
USD/JPY Y75.50, Y75.75, Y76.00, Y76.50, Y77.00, Y77.25, Y77.50
EUR/JPY Y106.00
GBP/USD $1.5600
USD/CHF Chf0.9105
AUD/USD $0.9830, $0.9950, $1.0000
USD/JPY Y75.50, Y75.75, Y76.00, Y76.50, Y77.00, Y77.25, Y77.50
EUR/JPY Y106.00
GBP/USD $1.5600
USD/CHF Chf0.9105
AUD/USD $0.9830, $0.9950, $1.0000
08:30
Option expiries for today's 1400GMT cut:
EUR/USD $1.3440, $1.3650
USD/JPY Y75.50, Y75.75, Y76.00, Y76.50, Y77.00, Y77.25, Y77.50
EUR/JPY Y106.00
GBP/USD $1.5600
USD/CHF Chf0.9105
AUD/USD $0.9830, $0.9950, $1.0000
USD/JPY Y75.50, Y75.75, Y76.00, Y76.50, Y77.00, Y77.25, Y77.50
EUR/JPY Y106.00
GBP/USD $1.5600
USD/CHF Chf0.9105
AUD/USD $0.9830, $0.9950, $1.0000
08:23
Forex: Thursday’s review
The vote in Berlin on changes to the EFSF allows the fund to buy the bonds of distressed member states and offer emergency loans to governments, raising Germany’s guarantees to 211 billion euros from 123 billion euros.
Gains in the euro were tempered after Italy’s borrowing costs rose at a government debt sale today. Italy’s five-year credit-default swaps were at 472 basis points today, showing traders see a 34 percent chance for the nation’s nonpayment, compared with 4.6 percent for the U.S.
The yen weakened as U.S. equity futures rose, spurring demand for higher-yielding assets.
EUR/USD: at first half of Thursday the pair rose, but then fell at $1.3550.
GBP/USD: at first half of Thursday the pair rose, but then fell at $1.5580.
USD/JPY: the pair rose and showed new weekly high Y77.03
Focus today Italy T-bill redemption for E8.0bln, German upper house Bundestrat votes on reform of the EFSF , Austria assembly to give final approval to EFSF. Afternoon data includes Chicago PMI as well as Michigan sentiment at 1345GMT and 1355GMT respectively. End of month and the dollar widely expected to be
in demand at the fixings, though the signal versus the euro said to be weak.
08:02
Italy: Unemployment Rate August 8.1%
07:40
Stocks: Thursday’s review
Asian stocks rose, with the regional benchmark index heading for its biggest three-day gain since December 2009, as German lawmakers will vote to expand a bailout fund for Europe’s debt-stricken nations.
Nikkei 225 8,701 +85.58 +0.99%, Hang Seng Closed, S&P/ASX 4,008 -31.22 -0.77%, Shanghai Composite 2,365 -26.72 -1.12%
Mitsubishi UFJ Financial Group Inc. (8306), Japan’s largest lender, gained 2.3 percent in Tokyo on optimism the German vote will ease concerns about the global financial system. Canon Inc. (7751), the world’s biggest camera maker, gained 1.6 percent after orders for U.S. capital goods unexpectedly climbed. BHP Billiton Ltd. (BHP), the world’s No. 1 mining company, fell 1.4 percent in Sydney after copper futures extended declines.
European stocks climbed for the fourth time in five days as U.S. employment and growth data exceeded forecasts and German lawmakers backed an enhanced euro- region rescue fund.
The Stoxx Europe 600 Index climbed 0.7 percent to 228.9 at 4:43 p.m. in London after swinging between gains and losses at least 15 times. The measure is heading for its worst quarter since 2008, having fallen 16 percent amid concern global economic growth is slowing and policy makers are struggling to contain the European debt crisis. The gauge has dropped 3.6 percent this month following a 10 percent slump in August.
National benchmark indexes climbed in 16 of the 18 western European markets. Germany’s DAX and France’s CAC 40 advanced 1.1 percent. The U.K.’s FTSE 100 declined 0.4 percent as mining companies fell.
FTSE 100 5,197 -20.79 -0.40%, CAC 40 3,028 +32.03 +1.07%, DAX 5,640 +61.16 +1.10%.
BNP Paribas SA and UBS AG (UBSN) led gains in banking shares, rallying more than 3 percent. Hennes & Mauritz AB (HMB) surged 6.8 percent after Europe’s second-largest clothing retailer reported earnings that beat estimates. Swatch slumped 5.8 percent to 325 Swiss francs. Burberry Group Plc (BRBY) declined 8.3 percent to 1,201 pence. Luxury-goods makers fell as the Bloomberg survey showed most global investors predict Chinese growth will slow to less than half the pace sustained since the government began dismantling Mao Zedong’s communist economy three decades ago.
Mining companies retreated with base metals. Fresnillo Pc, the world’s largest primary silver producer, slid 4.7 percent to 1,511 pence. Rio Tinto Group, the second-biggest mining company, lost 3.1 percent to 2,962 pence.
U.S. stocks rose, rebounding from an earlier loss, as lower-than-estimated claims for unemployment benefits and a vote by German lawmakers to expand a European bailout fund helped offset losses by technology and consumer companies. Greek bonds surged.
The Standard & Poor’s 500 Index rose 0.8 percent to 1,160.38 at 4 p.m. New York time, after recovering from a 1 percent decline earlier. The Stoxx Europe 600 Index advanced 0.7 percent as banks rallied. The euro appreciated 0.4 percent to $1.3559 and rose versus 15 of 16 major peers. The Greek two-year yield tumbled 453 basis points to 65.24 percent. Natural gas slid 1.4 percent as the U.S. reported a rise in supplies, while oil climbed.
The S&P 500 rallied as much as 2.2 percent early in the trading day, after the U.S. economy grew at a 1.3 percent pace in the second quarter, faster than previously estimated, and applications for jobless benefits dropped by a more-than- forecast 37,000 to 391,000, the fewest since April, according to government data. German Chancellor Angela Merkel gained support from lawmakers to expand the European Financial Stability Facility’s firepower.
U.S. stocks declined, halting a three-day rally for the Standard & Poor’s 500 Index, amid growing concern that European leaders are divided over how to handle Greece’s debt crisis.
All 10 industry groups in the S&P 500 fell at least 0.6 percent, with companies most-tied to economic growth dropping the most. Dow Chemical Co. (DOW) and Alcoa Inc. (AA) slid at least 4.9 percent as commodities tumbled. Morgan Stanley and Bank of America Corp. (BAC) lost more than 4.9 percent, pacing declines among financial shares. Amazon.com Inc. (AMZN) rose 2.5 percent after the company launched its Kindle Fire tablet computer, taking aim at Apple Inc.’s bestselling iPad.
The S&P 500 lost 2.1 percent to 1,151.06 at 4 p.m. New York time, after rising as much as 0.8 percent earlier and rallying 4.1 over the previous three days. The Dow Jones Industrial Average fell 179.79 points, or 1.6 percent, to 11,010.90 today, with all 30 stocks retreating.
Advanced Micro Devices Inc. (AMD) fell 14 percent, the most since 2008 on a closing basis, after the second-largest maker of processors for personal computers cut its forecasts for third- quarter sales and profits. Netflix Inc. (NFLX) retreated 11 percent after people with knowledge of the matter said Microsoft Corp. (MSFT) will offer online pay television service.
Nikkei 225 8,701 +85.58 +0.99%, Hang Seng Closed, S&P/ASX 4,008 -31.22 -0.77%, Shanghai Composite 2,365 -26.72 -1.12%
Mitsubishi UFJ Financial Group Inc. (8306), Japan’s largest lender, gained 2.3 percent in Tokyo on optimism the German vote will ease concerns about the global financial system. Canon Inc. (7751), the world’s biggest camera maker, gained 1.6 percent after orders for U.S. capital goods unexpectedly climbed. BHP Billiton Ltd. (BHP), the world’s No. 1 mining company, fell 1.4 percent in Sydney after copper futures extended declines.
European stocks climbed for the fourth time in five days as U.S. employment and growth data exceeded forecasts and German lawmakers backed an enhanced euro- region rescue fund.
The Stoxx Europe 600 Index climbed 0.7 percent to 228.9 at 4:43 p.m. in London after swinging between gains and losses at least 15 times. The measure is heading for its worst quarter since 2008, having fallen 16 percent amid concern global economic growth is slowing and policy makers are struggling to contain the European debt crisis. The gauge has dropped 3.6 percent this month following a 10 percent slump in August.
National benchmark indexes climbed in 16 of the 18 western European markets. Germany’s DAX and France’s CAC 40 advanced 1.1 percent. The U.K.’s FTSE 100 declined 0.4 percent as mining companies fell.
FTSE 100 5,197 -20.79 -0.40%, CAC 40 3,028 +32.03 +1.07%, DAX 5,640 +61.16 +1.10%.
BNP Paribas SA and UBS AG (UBSN) led gains in banking shares, rallying more than 3 percent. Hennes & Mauritz AB (HMB) surged 6.8 percent after Europe’s second-largest clothing retailer reported earnings that beat estimates. Swatch slumped 5.8 percent to 325 Swiss francs. Burberry Group Plc (BRBY) declined 8.3 percent to 1,201 pence. Luxury-goods makers fell as the Bloomberg survey showed most global investors predict Chinese growth will slow to less than half the pace sustained since the government began dismantling Mao Zedong’s communist economy three decades ago.
Mining companies retreated with base metals. Fresnillo Pc, the world’s largest primary silver producer, slid 4.7 percent to 1,511 pence. Rio Tinto Group, the second-biggest mining company, lost 3.1 percent to 2,962 pence.
U.S. stocks rose, rebounding from an earlier loss, as lower-than-estimated claims for unemployment benefits and a vote by German lawmakers to expand a European bailout fund helped offset losses by technology and consumer companies. Greek bonds surged.
The Standard & Poor’s 500 Index rose 0.8 percent to 1,160.38 at 4 p.m. New York time, after recovering from a 1 percent decline earlier. The Stoxx Europe 600 Index advanced 0.7 percent as banks rallied. The euro appreciated 0.4 percent to $1.3559 and rose versus 15 of 16 major peers. The Greek two-year yield tumbled 453 basis points to 65.24 percent. Natural gas slid 1.4 percent as the U.S. reported a rise in supplies, while oil climbed.
The S&P 500 rallied as much as 2.2 percent early in the trading day, after the U.S. economy grew at a 1.3 percent pace in the second quarter, faster than previously estimated, and applications for jobless benefits dropped by a more-than- forecast 37,000 to 391,000, the fewest since April, according to government data. German Chancellor Angela Merkel gained support from lawmakers to expand the European Financial Stability Facility’s firepower.
U.S. stocks declined, halting a three-day rally for the Standard & Poor’s 500 Index, amid growing concern that European leaders are divided over how to handle Greece’s debt crisis.
All 10 industry groups in the S&P 500 fell at least 0.6 percent, with companies most-tied to economic growth dropping the most. Dow Chemical Co. (DOW) and Alcoa Inc. (AA) slid at least 4.9 percent as commodities tumbled. Morgan Stanley and Bank of America Corp. (BAC) lost more than 4.9 percent, pacing declines among financial shares. Amazon.com Inc. (AMZN) rose 2.5 percent after the company launched its Kindle Fire tablet computer, taking aim at Apple Inc.’s bestselling iPad.
The S&P 500 lost 2.1 percent to 1,151.06 at 4 p.m. New York time, after rising as much as 0.8 percent earlier and rallying 4.1 over the previous three days. The Dow Jones Industrial Average fell 179.79 points, or 1.6 percent, to 11,010.90 today, with all 30 stocks retreating.
Advanced Micro Devices Inc. (AMD) fell 14 percent, the most since 2008 on a closing basis, after the second-largest maker of processors for personal computers cut its forecasts for third- quarter sales and profits. Netflix Inc. (NFLX) retreated 11 percent after people with knowledge of the matter said Microsoft Corp. (MSFT) will offer online pay television service.
07:28
Tech on USD/JPY
Resistance 3: Y77.30 (Sep 15 high)
Resistance 2: Y77.85 (session high)
Resistance 1: Y76.65 (Sep 28 high)
The current price: Y76.55
Support 1:Y76.50 (session low, MA (200) H1)
Support 2:Y76.35 (Sep 28 low)
Support 3:Y76.10/15 (area of Sep 21-23 low)
Resistance 2: Y77.85 (session high)
Resistance 1: Y76.65 (Sep 28 high)
The current price: Y76.55
Support 1:Y76.50 (session low, MA (200) H1)
Support 2:Y76.35 (Sep 28 low)
Support 3:Y76.10/15 (area of Sep 21-23 low)
Comments: the pair holds in range Y76.35-Y76.85.
06:53
Tech on GBP/USD
Resistance 3: $ 1.5745 (Sep 20 high)
Resistance 2: $ 1.5700 (area of Sep 27 and 29 high)
Resistance 1: $ 1.5625 (session low)
The current price: $1.5625
Support 1 : $1.5575/80 (MA (200) H1)
Support 2 : $1.5540 (Sep 29 low)
Support 3 : $1.5490/00 (Sep 23 high)
Resistance 2: $ 1.5700 (area of Sep 27 and 29 high)
Resistance 1: $ 1.5625 (session low)
The current price: $1.5625
Support 1 : $1.5575/80 (MA (200) H1)
Support 2 : $1.5540 (Sep 29 low)
Support 3 : $1.5490/00 (Sep 23 high)
Comments: the pair holds in range $1.5540-$ 1.5700. The nearest resistance $1.5625
06:52
Tech on EUR/USD
Resistance 3: $ 1.3680 (Sep 29 high)
Resistance 2: $ 1.3630 (Sep 21 high)
Resistance 1: $ 1.3570 (MA (200) H1)
The current price: $1.3534
Support 1 : $1.3520 (Sep 29 low)
Support 2 : $1.3480 (Sep 27 low)
Support 3 : $1.3420/25 (Sep 23 low)
Resistance 2: $ 1.3630 (Sep 21 high)
Resistance 1: $ 1.3570 (MA (200) H1)
The current price: $1.3534
Support 1 : $1.3520 (Sep 29 low)
Support 2 : $1.3480 (Sep 27 low)
Support 3 : $1.3420/25 (Sep 23 low)
Comments: the pair bargains in downtrend. The further resistance at $1.3570.
06:48
France: Consumer spending August +0.2% m/m, +0.3% y/y
06:05
Germany: Retail sales, real adjusted, August +0.3%
06:05
Germany: Retail sales, real unadjusted, August +2.2% y/y
05:57
Daily history for Sep 29'2011:
Change % Change Last
Nikkei 225 8,701 +85.58 +0.99%
Hang Seng Closed
S&P/ASX 4,008 -31.22 -0.77%
Shanghai Composite 2,365 -26.72 -1.12%
FTSE 100 5,197 -20.79 -0.40%
CAC 40 3,028 +32.03 +1.07%
DAX 5,640 +61.16 +1.10%
Dow 11,152.77 +141.87 +1.29%
Nasdaq 2,481 -10.82 -0.43%
S&P 500 1,160.15 +9.09 +0.79%
10 Year Yield 1.96% -0.04 --
Oil $82.57 +0.43 +0.52%
Gold $1,621.60 +4.30 +0.27%
Nikkei 225 8,701 +85.58 +0.99%
Hang Seng Closed
S&P/ASX 4,008 -31.22 -0.77%
Shanghai Composite 2,365 -26.72 -1.12%
FTSE 100 5,197 -20.79 -0.40%
CAC 40 3,028 +32.03 +1.07%
DAX 5,640 +61.16 +1.10%
Dow 11,152.77 +141.87 +1.29%
Nasdaq 2,481 -10.82 -0.43%
S&P 500 1,160.15 +9.09 +0.79%
10 Year Yield 1.96% -0.04 --
Oil $82.57 +0.43 +0.52%
Gold $1,621.60 +4.30 +0.27%
05:40
Tech on USD/CHF
Resistance 3: Chf0.9140 (Sep 26 high)
Resistance 2: Chf0.9060 (Sep 27 high)
Resistance 1: Chf0.9010/20 (area of session high and Sep 29 high)
Current price: Chf0.8989
Support 1: Chf0.8960 (session low)
Support 2: Chf0.8920 (area of Sep 27-29 low)
Support 3: Chf0.8880 (low of american session on Sep 21)
Comments: the pair tested Chf0,9000, but could not to be fixed above. In focus - area of resistance Chf0,9010/20.
Resistance 2: Chf0.9060 (Sep 27 high)
Resistance 1: Chf0.9010/20 (area of session high and Sep 29 high)
Current price: Chf0.8989
Support 1: Chf0.8960 (session low)
Support 2: Chf0.8920 (area of Sep 27-29 low)
Support 3: Chf0.8880 (low of american session on Sep 21)
Comments: the pair tested Chf0,9000, but could not to be fixed above. In focus - area of resistance Chf0,9010/20.
05:01
Schedule for today, Friday , Sep 30'2011:
06:00 Germany Retail sales, real unadjusted, y/y August -1.6% -1.0%
06:00 Germany Retail sales, real adjusted August 0.0% -0.4%
06:45 France Consumer spending August +1.1% +0.2%
06:45 France Consumer spending, y/y August +2.2%
08:00 Italy Unemployment Rate August 8.0% 8.0%
09:00 Italy Prelim Consumer Price Index, m/m September +0.3% -0.1%
09:00 Italy Prelim Consumer Price Index, Y/Y September +2.8% +2.9%
09:00 Eurozone Harmonized CPI, y/y, preliminary September +2.5% +2.5%
09:00 Eurozone Unemployment Rate August 10.0% 10.0%
09:30 Switzerland KOF Leading Indicator September 1.61 1.46
12:30 Canada Gross Domestic Product (MoM) July +0.2% +0.3%
12:30 U.S. Personal Income, m/m August +0.3% +0.1%
12:30 U.S. Personal spending August +0.8% +0.2%
13:45 U.S. Chicago Purchasing Managers' Index September 56.5 56.0
13:55 U.S. Reuters/Michigan Consumer Sentiment Index September 57.8 57.9
06:00 Germany Retail sales, real adjusted August 0.0% -0.4%
06:45 France Consumer spending August +1.1% +0.2%
06:45 France Consumer spending, y/y August +2.2%
08:00 Italy Unemployment Rate August 8.0% 8.0%
09:00 Italy Prelim Consumer Price Index, m/m September +0.3% -0.1%
09:00 Italy Prelim Consumer Price Index, Y/Y September +2.8% +2.9%
09:00 Eurozone Harmonized CPI, y/y, preliminary September +2.5% +2.5%
09:00 Eurozone Unemployment Rate August 10.0% 10.0%
09:30 Switzerland KOF Leading Indicator September 1.61 1.46
12:30 Canada Gross Domestic Product (MoM) July +0.2% +0.3%
12:30 U.S. Personal Income, m/m August +0.3% +0.1%
12:30 U.S. Personal spending August +0.8% +0.2%
13:45 U.S. Chicago Purchasing Managers' Index September 56.5 56.0
13:55 U.S. Reuters/Michigan Consumer Sentiment Index September 57.8 57.9
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