Market news

16:56

Dax hits 2019 high as EURUSD drops to 1-week low

Summary: German stocks hit YTD highs despite soft PMI data US markets little changed after mixed economic releases EURUSD hits...

14:49

Instant view: US economy sending mixed signals

US PMIs disappoint on both fronts Retail sales beats expectations in March Philly Fed down again US PMI indices echoed European counterparts...

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14:07

US retail sales beats forecasts; S&P500 to open higher

Summary: US retail sales M/M: +1.6% vs +1.0% exp DowDuPont falls on earnings; Pinterest set for IPO S&P500 back at the 2900...

13:35

EURUSD at a weekly low after the US sales report

US retail sales report was much stronger than expected in March advancing by as much as 1.6% m/m while the European PMI reports for April confirmed that...

12:51

Cryptocurrency news: Bitcoin continues higher

Summary: Bitcoin keeps rising, altcoins lag behind IMF and The World Bank to introduce a new cryptocurrency Coinbase launches a Visa debit card Donal...

10:28

GBP/USD back near $1.30 after retail sales bounce back

Summary: Big bounce in UK retail sales Pleasing data but positives may be exaggerated GBPUSD remains near potentially key support 1.2975-1.3000 An...

09:51

DE30: Modest improvement of European economic activity

Summary: European manufacturing PMIs barely changed in April, the details did not offer too much to cheer Sentiment among service providers suggest...

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09:29

Trade of the day – Silver

Summary: The market of precious metals remains under pressure due to significant improvement in sentiment There is an interesting divergence between...

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08:36

Instant view: German industry remains in recession

German manufacturing PMI stays below 45 for the second month Manufacturing sector in France contracts too Better situation in services could save...

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07:44

Economic calendar: A lot of data on Maundy Thursday

Summary: European PMIs will steal the show on Thursday UK retail sales will show how Brexit-related chaos affected consumers’ purchases Important...

07:02

Solid jobs report doesn’t impress Aussie traders

Summary: Australian jobs market thrived another month in a row Japanese manufacturing PMI slightly improved in March PBoC is reportedly unlikely...

16:57

US stock market rally shows cracks, NZD suffers after inflation print

Summary: - Lacklustre inflation reading sends NZD significantly lower - EURUSD technical overview - Commodity wrap - USDCAD sees volatile moves following...

15:47

DOE report shows inventory draw, WTI struggles near key resistance

The US Department of Energy report on the oil stockpiles has been just released. Last week’s print showed a major build of 7.03 million barrels....

14:12

Wall Street set to open higher, USDCAD moves lower after inflation print

Summary: - Wall Street opens higher following decent gains in the other parts of the world - USDCAD trades below 1.33 in the aftermath of the inflation...

13:00

Technical overview - EURUSD

Summary: EURUSD trapped in range trading after both Fed and ECB have embraced a more dovish tilt A corrective pullback could be on the cards relatively...

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11:45

Commodity wrap - Oil, Cocoa, Gold, Wheat

Oil: Russia is expected to produce 150 kbpd less of crude oil compared to the agreed reduction level of 230 kbpd Russia was to reach the...

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10:31

Market alert: Is stock market optimism justified?

In spite of the German manufacturing PMI slumping below 45 points for just the fifth time in the past 20 years, the DAX market has soared by 18% since...

09:46

DE30: Cautious optimism across European equities despite upbeat Chinese data

Summary: European equities are trading prettly flat despite upbeat data from China DAX (DE30) trades in the vicinity of the important resistance Wirecard...

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08:01

Economic calendar: Inflation day

Summary: UK inflation is expected to accelerate slightly in March EMU inflation for March to confirm the dovish ECB stance Canadian inflation...

07:10

Kiwi tanks on disappointing inflation, China’s industrial output jumps

Summary: New Zealand dollar loses momentum following a weaker-than-expected inflation release Chinese economy grew more than expected in the first...