Market news

3:38 PM

Instant view: Disappointing retail sales push rate cut odds higher

Summary: September retail sales come in well below expectations US dollar dips on the data, but quickly reverses its losses Rate cut odds may...

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3:29 PM

Breaking News: GBPUSD surges above 1.28 as Brexit deal seems to be within reach

GBPUSD surges following reports saying that the main stumbling block towards the deal was removed. The Democratic Unionist Party is said to accept the...

1:57 PM

Technical alert: EURUSD

EURUSD continues to move sideways The price rebounded from the key support at 1.10 USD The EURUSD is trading sideways between 1.10 and...

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1:47 PM

GBP traders await big moves with Brexit deal in focus

Last week saw the GBPUSD post its largest 2-day rally in over a decade as the pound surged across the board on rising hopes of a new Brexit deal. With...

12:19 PM

Breaking news: Brexit deal is rather impossible, according to the EU

Recent remarks from the EU say that Brexit deal is rather impossible unless the UK moves with further proposals. The European Union indicates that technical...

11:55 AM

UK inflation comes in flat; Busy Brexit day ahead

Summary: UK CPI Y/Y: +1.7% vs +1.8% exp. +1.7% prior Barnier and Boirs meeting in focus for GBP traders GBPUSD remains close to...

11:11 AM

Trade of the day – Cotton

Summary: The rebound has reached a range of previous correction and important resistance The harvest in the US is best in recent 5 years Still...

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10:52 AM

DE30 pulls back from YTD highs

European equities move lower after mixed opening DE30 struggles near late-July peak Wacker Chemie (WCH.DE) slumps after cutting full-year...

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9:16 AM

Breaking news: ZAR sharply lower on Eskom report

The South African rand has fallen sharply against the US dollar as the state power company Eskom announced rolling blackouts this morning.  The...

9:05 AM

Economic calendar: Focus on inflation and retail sales data

CPI data from the United Kingdom, the euro area and Canada US retail sales data for September to be released in the early afternoon Fed...

9:03 AM

NZD edges lower as inflation keeps slowing down

Summary: Price growth in the third quarter slowed down, though a deceleration was a touch smaller than expected Core prices keep hovering slightly...

8:26 AM

Morning wrap

US indices ended yesterday’s session with solid gains with NASDAQ gaining 1.2%, SP500 rising 1% and Dow Jones climbing 0.9% On the...

6:37 PM

Reports of draft Brexit deal lift GBP and stock indices

Summary: GBPUSD surges above $1.27 on draft Brexit deal reports DE30 hits YTD high Mixed results for banks as US earnings season...

5:39 PM

Breaking news: GBPUSD surges above $1.27 on reports of draft Brexit deal

There’s been a swift move higher in the pound in recent trade after news crossed the wires that EU and UK negotiators are closing in on a draft Brexit...

5:14 PM

Cocoa prices sharply up again

Cocoa prices are rising sharply once again, gaining 2.7% on Tuesday. Prices are up nearly 15% over the past 2 months, partly on the back of stronger British...

4:09 PM

Mixed results for banks as earnings season kicks off

Summary: US500 remains near recent highs Several major firms report earnings ahead of the open Focus on 5 financial stocks; JPM,...

4:00 PM

EURJPY - recommendation from TD Bank

TD Bank issued a recommendation for the EURJPY currency pair. The Bank recommends taking a short position on the pair with following levels: Entry...

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3:08 PM

Commodity Wrap - Oil, Soybean, Silver, Natural Gas

Oil Compliance with OPEC output cut agreement stood at 200% in the previous month due to attacks on Saudi refineries Next OPEC+ meeting...

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2:52 PM

Technical alert: AUDUSD

AUDUSD pulls back from the resistance at 61.8% Fibonacci retracement The key support can be found at lower limit of 1:1 structure The AUDUSD...

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1:41 PM

GBPUSD - recommendation from Morgan Stanley

Morgan Stanley issued a recommendation for the GBPUSD currency pair. The Bank recommends taking a long pending position on the pair with following levels: Entry...

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