Market news

14:33

GBPUSD soars as Merkel hints at backstop solution

The GBPUSD currency pair has literally skyrocketed as Germany’s Angela Merkel said that finding backstop solution ahead of the Brexit date of 31...

13:33

US stocks near key resistance; Yields gain on George's comments

Summary: Nasdaq within striking distance of 7790 resistance Fed’s George delivers hawkish remarks  Market await key...

11:28

Market Alert: Will Jackson Hole summit spoil market sentiment?

Equity markets have seen a recovery lately as hopes for more economic stimulus are on the rise. There is no better opportunity to confront these views...

10:54

Eurozone data remains weak despite topping estimates

Summary: EU data tops estimates but remains pretty poor EURUSD remains in narrow range GBP treads water as Boris heads to France A plethora...

10:44

Stock of the week: Unilever

Summary - Unilever is one of the biggest consumer goods companies in the world - Importance of emerging markets for the company continues to grow -...

10:10

Trade of the day – Sugar

Summary: The price of sugar is close to one year low and the Brazilian real has rebounded recently Speculative net positioning is close to extreme...

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09:23

DE30: Indonesian carriers may scrap Airbus orders

Summary - European equities trade mixed on Thursday - DE30 tries to break above the 11800 pts handle - Carriers in Indonesia may abandon Airbus (AIR.DE)...

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07:26

Economic calendar: Focus on PMI indices

Summary - German PMIs a key point of the European session - Polish retail sales growth expected to accelerate significantly - US manufacturing PMI...

07:00

Markets shrug off FOMC minutes, improved backdrop for Italian politics

Summary: Although most of Fed members saw a July rate cut as a mid-cycle adjustment, the central bank seems to be looking for other easing options...

19:16

FOMC minutes mixed for the dollar

The most important highlights from FOMC minutes: Most Fed officials viewed cut as a mid-cycle adjustment Fed officials stressed need for fed flexibility Several...

16:28

France leads gains for stocks; Markets await FOMC minutes

Summary: Strong gains seen in European indices DE30: Bayer sells animal health unit Wall St also firmly in the green FOMC...

14:46

French market leads equities higher on Wednesday

Equity markets are surging again on Wednesday led by the French FRA40 (+2%). Those gains are followed closely by markets in Italy (+1.8%) and Germany (+1.7%)...

14:20

US indices follow Europe higher

Summary: US benchmarks sitting on sizable gains Volatility index trying to move back lower 2945 remains key level for S&P500   After...

13:46

Technical outlook: GBPUSD

Summary: GBPUSD rebounds off the key support zone from the W1 Interval Main trend remains downward  Boris Johnson to meet with G7 leaders...

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12:47

Cryptocurrency newsletter: South Korean crypto projects eye overseas markets

Summary: More and more crypto-based projects are looking at overseas markets Can a new PBoC’s digital currency be actually named in such...

12:37

AUDCAD - recommendation from Deutsche Bank

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

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11:08

European stocks rise to 3-week highs

Summary: Broad gains seen across European markets EU50 pokes above prior resistance at 3380 UK PM to meet key European leaders   There’s...

10:52

Trade of the day: USDTRY

Summary: Overbalance structure can be spotted on the chart ABC correction comes to the end Strong Fibonacci cluster Trade: short USDTRY...

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10:29

DE30: Bayer sells animal health unit

Summary - European stocks surge on Wednesday - DAX (DE30) reaches short-term resistance zone - Bayer (BAYN.DE) sells animal health unit to Elanco European...

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07:29

Economic calendar: FOMC minutes in the spotlight

Summary - FOMC minutes to be released in the evening - Canadian CPI inflation forecasted to have decelerated below 2% in July - Another solid reading...