Market news

10:18 PM

FOMC summary: EURUSD surges on “no hikes” promise

The FOMC meeting itself looked a bit hawkish at first as the statement was quite upbeat and the so called dot-plot saw no single FOMC member seeing a rate...

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9:04 PM

BREAKING: Fed sees no more cuts, Gold down

The Fed did not change interest rates at its December meeting but more importantly no single FOMC member saw a cut in 2020 and 2021 so the bar for such...

6:33 PM

Markets eagerly await key events starting with the FOMC

Summary: Oil drops sharply after inventory build US inflation metric ticks above 2% Y/Y US stocks close to ATHs ahead of FOMC...

5:48 PM

Technical alert: Equities trade higher ahead of FOMC

FOMC meeting is a key event of the day. The decision will be announced at at  7:00 PM GMT and post-meeting conference will start at 7:30 PM GMT. No...

5:42 PM

Breaking: Oil drops sharply after inventory build

Summary: EIA crude oil inventories: +0.8M vs -2.9M exp. -4.9M prior Large builds in Gasoline and Distillates Oil drops to daily...

5:08 PM

AUDUSD - recommendation from TD Bank

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

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4:18 PM

EURGBP - recommendation from Goldman Sachs

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

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4:06 PM

US stocks near all-time highs ahead of FOMC

Summary: US indices remain not far from record highs CPI data shows slight increase  FOMC meeting at 7PM (GMT) a major event...

3:46 PM

Top three charts of the week: EURGBP, COFFEE, DE30

Summary: EURGBP is trading at the lowest level since May 2017 ahead of UK elections Coffee price rallied around 35% since the beginning of November DE30...

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2:19 PM

FOMC meetings: 2 things to know

FOMC to maintain a positive view of things Future “dots” key for short term reaction Powell will be grilled over balance sheet, QE The...

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2:01 PM

GBPUSD - recommendation from Societe Generale

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

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1:04 PM

UK elections - everything you need to know

In less than 24 hours Britons will head to the polling booths for the 3rd general election in the past 5 years. Ever since the pandemonium which ensued...

12:09 PM

Trade of the day - OIL.WTI

Summary: The price of oil is still volatile and a new direction has not been established There are many doubts about the compliance of...

12:02 PM

DE30 erases early surge and retests key support

European indices slide amid lack of tariff news DE30 fails to break above the pack of resistance levels Wirecard (WDI.DE) trades...

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10:42 AM

Copper price rebounds on trade data

The price of copper was pushed higher last week on positive rhetoric from Donald Trump about trade deal with China. This week the price rally is built...

10:33 AM

NZ govt plans to substantially increase public spending

Summary: A 12 billion NZD stimulus package will be rolled out in New Zealand New debt to remain within a target set by the Treasury New Zealand...

8:55 AM

Economic calendar: Attention paid to the US

Summary: The Fed will conclude its final meeting this year, no changes are expected US headline CPI likely to have quickened a bit in November Swedish...

8:21 AM

Morning wrap

US indices closed yesterday’s session barely changed with all major benchmarks losing a modest 0.1%; on the other hand, we have seen positive...

7:10 PM

Indices recover on report of tariff delay; UK GE poll in focus

Summary: Stocks bounce strongly after tariff reports DE30 bounces off 12900 after solid ZEW data Technical alert: Gold UK...

5:58 PM

Technical alert: GOLD

Key support: $1459 Key resistance: $1467.7, $1471.6 Gold price struggles at $1467.7 resistance level today. According to the Overbalance methodology,...