365 Stock market news

The US Commerce Department said today that the US housing starts in June were up by 4.8% to an annual rate of 1.19 million homes.
This is the highest rate since February and compared with an annual rate of 1.14 million homes in May.

Two and a half hours before the opening of the trading in New York the futures contracts are going down by 0.3%.

The European stock exchanges trading takes place this morning with declines, a continuation to the negative trend in Asia earlier .
In Japan there is a high expectation that the central bank will act to weaken the Japanese yen in order to give incentive the local economy.

INTEL

Long term trade

On a weekly chart we can see that the price of the stock rose and broke above a triangle pattern as part of his rising trend.

Last week the stock ended at the price level 35.07.
The trading volumes were high and the indicators of MACD and RSI supports this trend.

For Forex traders:
Buy between the levels of : 35.00 – 35.30.
Stop loss point : 30.00.
Take profit point : 45.00.

For Binary options traders:
A call option between the levels of : 35.00 – 35.30.
Expiry time : end of the day, September 30.

The Turkish Lira is recovering this morning after an unsuccessful coup attempt which shook the country and the local currency.

State officials tried yesterday to reassure investors before the opening of the trading day this morning, and promised that the central bank will provide the liquidity required for business entities.