Market news

AMD rises 8% after debut new AI chip rival to Nvidia 📊

7 December 2023

Advanced Micro Devices (AMD.US) shares are trading up more than 8% today. This is due to yesterday's unveiling of the AI Instinct MI300X chip, which is expected to compete directly with Nvidia chips. Both Meta (META.US) and Microsoft (MSFT.US) and OpenAI have already stated that they will order new...

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Stock of the week - Coinbase (07.12.2023)

7 December 2023

Bitcoin rallied to a 20-month high this week Coinbase and other crypto-linked stocks gained Coinbase sees higher transaction revenue as cryptocurrencies rebound Stock looks more expensive than other exchange operators Share price continues to be driven by cryptocurrency market sentiment Coinbase...

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Commodity Wrap - Oil, Gold, Natural Gas, Coffee (05.12.2023)

5 December 2023

Oil OPEC+ has decided on additional voluntary production cuts from countries such as Iraq and the United Arab Emirates. Russia will also extend its production cut Saudi Arabia extends an additional production cut of 1 million barrels per day, while Russia extends its export cut by 300,000 barrels...

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8 December 2023

US Open: US500 tests this year's high 📌

Wall Street opens slightly higher Strong dollar does not hinder the continuation of gains Bond yields slightly battered after the labor market...

BREAKING: UoM consumer sentiment significantly above expectations 🔔

University of Michigan inflation report for November: Condition Prelim Actual 74 (Forecast 68.5, Previous 68.3) Expectations Prelim Actual 66.4...

BREAKING: GOLD drops 1% and tests key support zone

Gold (GOLD) prices fell close to 1% just before the start of the session on Wall Street following a stronger-than-expected reading of US employment data....

Cardano gains 14% as 'altcoins' market extend gains

The rising tide of cryptocurrencies continues unabated, with smaller 'altcoins' also gaining today, although part of the euphoric rally was reduced...

BREAKING: USD jumps after US NFP data

US NFP report for November was released at 1:30 pm GMT and was a key macro release of the day. Report was expected to show a higher employment growth than...

Chart of the day - EURUSD (08.12.2023)

Today's release of the US NFP report could bring increased volatility to the currency market. A potentially stronger-than-forecast report could mean...

12:01

DE30: Fashion sector drives Friday session in Europe ⌚

German DE30 stays in the zone of historical highs Luxury goods companies lead Friday's session Investors' attention turns to the US NFP...

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USDJPY erases earlier drop

Japanese yen has been the best performing G10 currency during today's Asia-Pacific session. Gains came even as Japanese GDP report for Q3 2023 missed...

11:23

Trade of the day: USDCAD (08.12.2023)

Facts: USDCAD is trading below 100-period moving average The pair bounced off the key resistance Recommendation: Trade: Short USDCAD...

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💲 USD gains ahead of US jobs report

Release of the US jobs data for November is a key market event of the day. NFP report will be released at 1:30 pm GMT and is expected to show a bigger...

Economic calendar: All eyes on US NFP report

European indices open higher after mixed Asian session and yesterday rally on Wall Street US Non-Farm Payrolls (NFP) report in focus of global markets A...

Final Germany CPI in line with expectations

Final CPI readings in Germany came in line with expectations (3,2% CPI y/y and 2,3% HICP y/y, with -0,4% and -0,7% MoM decline respectively Source:...

Morning wrap (08.12.2023)

Yesterday's session on Wall Street was fueled by bulls. The Nasdaq100 gained 1.48%, the S&P 500 rose 0.8% and the Dow Jones rose a modest...

7 December 2023

Daily summary: JPY gains strongly. Wall Street await NFP report in good moods

Stock market in Europe ended today session in weaker sentiments. Germany 'bluechip' DAX lost only 0.16% but the discount on indices...

AMD rises 8% after debut new AI chip rival to Nvidia 📊

Advanced Micro Devices (AMD.US) shares are trading up more than 8% today. This is due to yesterday's unveiling of the AI Instinct MI300X chip, which...

NATGAS with muted reaction to EIA report

US natural gas inventories according to EIA came in -117 bcf vs -107 bcf exp. and +10 bcf previously Despite higher-than-expected decline in inventories,...

16:27

US100 gains 1,1%. AMD gains 8% after unveiling new AI chip 📈

Wall Street opens higher. US100 leads gains Claims in line with expectations, weaker Challenger report Rises in AMD (AMD.US) and Alphabet (GOOGL.US)...

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Wholesale sales in US weaker than expected

US wholesale sales data on a monthly basis (16:00) Wholesale sales MoM: -1.3% vs. 1% forecast and 2.2% previously US Wholesales inventories revenue...

BREAKING: US jobless claims in line with expectations 🔎

US jobless claims came in line with the expectations for the past week: Claims: 220.0 k vs 220.0 exp, and 218 previously The...

💱 USDJPY slumps to 145.00

Japanese yen is a clear outperformer among G10 currencies today. JPY gains as traders are positioning for Bank of Japan exiting an ultra-loose monetary...

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