Market news

16:13

GBP slides as BoE follow dovish path; S&P500 sets fresh record peak

Summary: Bank of England turns dovish as rates kept unchanged UK retail sales drop; Cold weather blamed S&P500 reaches new...

14:10

S&P500 set for record open after Fed boost

Summary: Large gains across US indices after dovish Fed Philly Fed shows sharp drop S&P500 moves up to new record high   Despite...

12:16

Bank of England turn dovish as rates kept unchanged

Summary: BoE vote 9-0 to keep base rate at 0.75% Move inline with forecasts but message a little more dovish Selling seen in GBP...

10:28

UK retail sales drop; Cold weather blamed

Summary: UK retail sales M/M : -0.5% vs -0.5% exp Unseasonably cold weather cited behind the drop Pound continues to recover;...

09:17

Economic Calendar: BOE rate decision tops the bill

Summary: Markets continue to be driven by Fed decision Bank of England set to announce latest policy at 12PM (BST) UK retail sales...

20:07

Fed paves the way for rate cuts but wants more evidence

Fed maintains rates but signals rate cuts Dot-plot suggest 2 cuts in 2019 a possibility Dollar slides, stocks slightly up The Fed maintained...

19:13

US dollar declines on the FOMC decision

The FOMC maintained interest rates unchanged but issued a fairly dovish statement, suggesting that it will monitor the situation and act accordingly. The...

16:42

Oil jumps after inventory draw; Stocks await key Fed decision

Summary: Oil rallies after drop in US stockpiles CAD jumps on CPI beat Pound seeks to recover as inflation meets forecasts Quiet...

16:10

Oil jumps after inventory draw; Is a longer term bottom forming?

Summary: Oil turns positive after drop in inventories DOE: -3.1M vs -1.3M exp; API: -0.8M US production also falls by 100k barrels   A...

14:15

Stocks await key Fed decision; CAD jumps on CPI beat

Summary: US indices trading mixed ahead of key Fed decision US central bank expected to deliver dovish message CAD rallies on...

13:47

Technical Overview: EURGBP

The EURGBP currency pair has been trading in a wide range for a long time. The past  three upward moves were equal in size. We are now observing the...

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12:11

Crypto newsletter: Bitcoin strikes one year high, Facebook rolls out Libra

Summary: Facebook rolls out its cryptocurrency strategy, the project backed by Visa, Mastercard or PayPal JP Morgan suggests importance of Bitcoin...

10:50

Market alert: what to expect from the Fed?

After a nervous May global markets moved sharply higher in anticipation that central banks will once again bail investors from troubles. These hopes were...

10:22

Pound seeks to recover as inflation meets forecasts

UK CPI Y/Y: 2.0% vs 2.0% exp. Prior 2.1% Pound moves off 5-month low GBPUSD in focus over the Fed Ahead of tomorrow’s...

10:01

Trade of the day – TNOTE

Summary: TNOTE has reached an important resistance zone ahead of the crucial Fed meeting Fed has no reason to communicate interest rate cuts in...

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09:14

DE30: European stocks launch Wednesday lower

Summary: - Siemens (SIE.DE) plans to cut 2700 jobs in power and gas division - DAX (DE30) tries to stay above the 12300 pts handle - Volkswagen (VOW.DE)...

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07:48

Economic calendar: All eyes on FOMC

Summary: - FOMC to announce rate decision at 7:00 pm BST - Canadian inflation seen accelerating in May - Oil stockpiles forecasted to drop by 1.1 million...

07:23

Asian stocks rebound, Turkish lira slides on US threat

Summary: Asian equities bounce back on hopes related to a Trump-Xi meeting in Japan later this month Weak Japanese trade data, better NZ CA for...

16:57

Stocks soar as Draghi and Trump attempt to steal Fed's thunder

Summary: Draghi hints at more ECB stimulus Trump tweet hints at China breakthrough DE30: German car sales surprise in May Zew...

14:51

Commodity Wrap - Copper, Soybean, Coffee, Gold

Copper: Strikes in Chuquicamata mine in Chile, that is owned by Coldeco, is limiting production capacity by 50% - it is one of the biggest copper...

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