Market news

16:46

USD holds firm at the end of the week, Italian stocks plummet

Summary - Mixed stock session in Europe, Wall Street ticks higher - USD trades as the strongest G10 currency - Canadian retail sales disappoint -...

15:18

UoM data disappoints slightly, Microsoft rallies on earnings

Summary - University of Michigan consumer confidence misses expectations - S&P 500 (US500) found some support at the 33-period EMA - Microsoft...

14:29

Technical analysis: Silver, Gold

Summary: Record rally on silver, upward move of over 7.5% this week Gold at the highest levels since the beginning of the year  The silver...

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12:13

Macroeconomic update: Chinese growth normalisation, markets fixated on Fed rate cuts

Summary: Chinese Q2 GDP growth meets forecasts, a package for June comes in above expectations Solid prints from the US (retail sales, regional...

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10:45

DE30: Wirecard rallies on Aldi partnership

Summary: - Bayer (BAYN.DE) may see $2 billion verdict reduce to $150-250 million range - DAX (DE30) halts morning bounce at 33-period EMA - Wirecard...

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10:21

Trade of the day: GOLD

Summary: Gold retested support at $1438 The rally continues after a moment of range trading Trade: long GOLD at market price Target: 1453 Stop:...

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07:20

Economic calendar: Canadian retail sales in the limelight

Summary: Canadian retail sales for June among the highest priority readings Preliminary data regarding US consumer confidence Retail sales from...

06:58

USD recoups losses after Fed clarifies Williams and Clarida comments

Summary: US dollar gains ground this morning after it slumped on Thursday following dovish comments from Fed’s Williams and Clarida The US...

16:11

US stocks recover; EUR slides as ECB mulls policy change

Summary: Wall Street rises after recent declines Stock of the week: Galapagos Euro losses ground as ECB mulls inflation target...

14:10

US stocks to start little changed; Philly Fed jumps

Summary: US benchmarks remain near weekly lows Philly Fed tops estimates; Initial jobless rises  S&P500 pulls back to...

13:08

Stock of the week: Galapagos

Summary: - Galapagos and Gilead Science announced deeper cooperation over the weekend - Gilead to invest massive amounts of money in Galapagos - Two...

11:45

Euro loses ground as ECB mulls over inflation target change

Summary: ECB is believed to call into question its “below but close to 2% inflation objective” A change needs a review, would be implemented...

11:43

GBPUSD - recommendation from IFR

Thomson Reuters IFR issued a recommendation for the GBPUSD currency pair. The agency recommends taking a short pending position on the pair with the...

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10:40

Nickel has another astonishing week

The price of nickel is going through another great day, despite a general risk-off that is primarily visible on the stock market and is caused by concerns...

10:11

UK retail sales beats forecasts but FTSE drifts near 2-week lows

Summary: Retail sales M/M: +1.0% vs -0.3% exp. -0.6% prior 5th time in 6 months consumer spending beats forecasts FTSE dips back...

09:50

Trade of the day: COPPER

Summary: - Copper trades sideways amid uncertainty relating to trade conflicts and condition of the global economy - Potential consolidation ranging...

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08:47

DE30: SAP plunges as earnings disappoint

Summary: - European stocks take a dive at the opening - DAX (DE30) tries to bounce off the support zone - SAP (SAP.DE) share price drops the most since...

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07:52

Economic calendar: UK data and companies’ earnings

Summary: - British pound waits for the retail sales data release - Polish industrial output expected to have declined significantly in June - Microsoft...

07:12

Aussie gains after jobs report, BoK unexpectedly cuts rates

Summary: Australian dollar trades higher following a jobs report for June Bank of Korea reduces interest rates by 25 bps, just 25 bps above its...

16:29

Oil remains under pressure; Pound still near 2-year lows

Summary: Oil drops despite inventory draw Equities pullback DE30: carmakers drop after fall in sales UK inflation data...