Market news

10:23

Market Alert: Can the Fed save the bull market?

Markets love monetary easing. There’s a broad consensus that a 11-year old bull market on Wall Street has been greatly supported by the Fed’s...

09:45

DE30: Continental slumps 10% on disappointing guidance

European markets give up early gains Barnier to brief investors on EU-UK trade talks progress Merck (MRK.DE) sees limited impact...

08:33

Trade of the day - AUDJPY

Number of coronavirus cases and deaths in the United States keeps growing AUDJPY recovered on recent sentiment improvement Pair remains...

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07:07

Economic calendar: Oil traders wait for OPEC decision

OPEC meeting in Vienna BoE and BoC Governors scheduled to speak US hard data for January OPEC meeting Group of major oil...

06:35

Morning wrap

US indices finished yesterday’s session with massive gains after the Bank of Canada rate cut raised hopes of coordinated monetary policy action....

17:25

Daily summary: Another Central Bank cuts rates

Daily summary: Another rebound on the markets Positive data from the US economy BOC cut rates by 50bp Super Tuesday’s results helped US...

15:08

BREAKING: Canadian Dollar Tumbles as BOC cuts rates! US PMI better then expected

BOC followed into Fed’s footsteps and cut interest rates by 50 bps, a move that was 50% expected by the markets. Canadian central bank decided to...

14:08

US OPEN: Wall Street set to open higher after Super Tuesday

·         US Indices rise after Joe Biden won Democratic primaries in 9 states ·        Centene...

13:20

BREAKING: ADP data beats expectations

ADP Non-Farm Employment Change data for February showed 183k increase - slightly above market expectations (est. 170k). The previous month’s release...

13:00

European equities hold onto gains ahead of finance ministers call

European stock markets are enjoying strong gains today with DAX testing 12,200 pts handle at press time (+1.75%). Investors are waiting for the EU finance...

12:25

Trade of the day – EURUSD

Summary: The dollar has little changed after Fed decided to cut interest rates by 50 pb The move from the Fed was priced in the dollar. Another...

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11:40

Top three charts of the week: EURUSD, DE30, US500

Markets were caught off guard by an unexpected Fed rate cut yesterday. The Federal Reserve reduced interest rates by 50 basis points, which triggered a...

10:36

GBPJPY - recommendation from MUFG

Mitsubishi UFJ Financial Group issued a recommendation for the GBPJPY currency pair. The Group recommends taking a short pending position on the pair...

09:30

DE30: European indices rise ahead of finance ministers call

European markets launched today’s session mixed but attempt to push higher DE30 tests swing level at 12090 pts Carmakers dropped...

07:15

Economic calendar: Bank of Canada decision and US data in the spotlight

Bank of Canada expected to cut rates Market forecasts small drop in ISM non-manufacturing Incoming BoE Governor to speak in Parliament 8:55...

06:37

Morning wrap

The Federal Reserve unexpectedly cut interest rates by 50 basis points yesterday. The move caused Wall Street indices to surge but those gains were...

17:47

Daily summary: FED surprises markets

FED unprecedented inter-meeting rate cut Disappointing G7 conference RBA lowers interest rates The awaited G7 conference disappointed the markets...

15:04

BREAKING: Wall Street soars as Fed cuts rates!

FOMC has just cut interest rates by 50 bps, a move that was expected only during the standard meeting that is still 2 weeks away! Markets are soaring higher...

14:09

Commodity wrap - Gold, Coffee, Corn, Aluminum (03/03/2020)

Gold: Gold ended the month with the second largest upper wick in history, what may herald an impending correction or even a trend reversal The...

14:09

US OPEN: Wall Street indices to trim gains at session launch

US futures point to a slightly lower opening Xerox (XRX.US) launches tender offer for Hewlett-Packard (HPQ.US) Visa (V.US) lowers...