April 2016

European stock markets mid session: stocks traded lower on the mixed economic data from the Eurozone

Stock indices traded lower on the mixed economic data from the Eurozone. Eurostat released its consumer price inflation data for the Eurozone on Friday. The preliminary consumer price inflation in the Eurozone declined to -0.2% year-on-year in April from 0.0 % in March, missing expectations for a fall to -0.1%.

The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco fell to an annual rate of 0.8% in April from 1.0% in March. Analysts had expected the index to decrease to 0.9%.

Food, alcohol and tobacco prices were up 0.8% in April, non-energy industrial goods prices gained 0.5%, and services prices climbed 1.0%, while energy prices dropped 8.6%.

Eurozone's preliminary flash gross domestic product (GDP) increased by 0.6% in the first quarter, after a 0.3% gain in the fourth quarter.

On a yearly basis, Eurozone's preliminary GDP rose by 1.6% in the first quarter, after a 1.6% gain in the fourth quarter

Eurozone's unemployment rate declined to 10.2% in March from 10.4% in February, beating expectations for a fall to 10.3%. It was the lowest reading since August 2011. February's figure was revised up from 10.3%. The lowest unemployment rate in the Eurozone in March was recorded in Germany (4.2%) and the highest in Greece (24.4% in January 2016) and Spain (20.4%).

The Bank of England (BoE) released its number of mortgages approvals for the U.K. on Friday. The number of mortgages approvals in the U.K. was down to 71,357 in March from 73,195 in February, missing expectations for a decrease to 74,500. February's figure was revised down from 73,871.

Consumer credit in the U.K. rose by £1.883 billion in March, exceeding expectations for an £1.300 billion increase, after a £1.392 billion gain in February. February's figure was revised up from £1.287 billion.

Net lending to individuals in the U.K. increased by £9.3 billion in March, after a £5.0 billion gain in February. February's figure was revised up from a £4.9 rise.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,241.89 -80.51 -1.27 %

DAX 10,038.97 -282.18 -2.73 %

CAC 40 4,428.96 -128.40 -2.82 %

[...]

Wall Street. Major U.S. stock-indexes fell

Major U.S. stock-indexes lower for a second day on Friday as investors assessed corporate earnings and data showed that U.S. inflation barely rose in March as consumer spending remains tepid. Adding to the day's selling pressure, inflation data cloude... [...]

Daily analysis of GBP/JPY for April 29, 2016

OverviewYesterday the GBP/JPY price hit the extension of the main support at 156.70, which forms a main obstacle to resuming negative attempts. The price needs to hold this support in order to try to form a new bullish attack that will allow it to bre... [...]

Daily analysis of USD/JPY for April 29, 2016

OverviewThe USD/JPY pair keeps declining strongly, approaching from our main awaited target at 106.63, which represents 38.2% Fibonacci for the rise measured from 75.55 to 125.84. It is important to monitor the price behavior when reaching the mention... [...]

Daily analysis of EUR/USD for April 29, 2016

OverviewThe EUR/USD pair has opened with bullish bias today approaching from the key resistance that formed a strong obstacle to the price's recent positive attempts at 1.1420. The price needs to breach this resistance to confirm the continuation of th... [...]

Daily analysis of gold for April 29, 2016

OverviewGold price continued its bullish rally yesterday and started today's trading with more positivity to reach the thresholds of the previously recorded top at 1282.92 which represents the first main suggested target in our previous reports. The pr... [...]

Daily analysis of silver for April 29, 2016

OverviewIt can be seen on the chart that the silver price succeeded to confirm breaching of the bullish channel's resistance after closing the daily candlestick above it which motivates the price to rally bullishly towards our extended target located ... [...]

WSE: Session Results

Polish equity market closed unchanged on Friday. Sector-wise, materials (+2.90%) held up best, while food sector (-1.60%) dropped the most. The large-cap stocks' gauge, the WIG30 Index, fell by 0.15%. In the index basket, agricultural producer KERNEL ... [...]