Market news

13:47

EURUSD - recommendation from Credit Agricole

Credit Agricole issued a recommendation for the EURUSD currency pair. The Bank recommends taking a short position on the pair with following levels: Entry...

12:46

Trade of the day: EURGBP

Facts: The pair is trading below the key resistance zone The short-term trend is downward Recommendation:  Trade: Short position on...

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11:37

PepsiCo’s stock rallies as the company beats market expectations

About 30 minutes ago, PepsiCo (PEP.US) released its 2Q quarterly results as Wall Street earnings season has just started. PepsiCo is among the biggest...

11:35

Coronavirus: market update

• The total number of confirmed coronavirus cases surpassed 13.05 million of which more than 571 000 died and over 7.24 million recovered.   • US...

10:23

DE30: Stocks play down coronavirus concerns

European stock markets launch the week higher DE30 retests peak at 12,835 pts Daimler (DAI.DE) sees need for deeper job cuts European...

09:14

The price of copper skyrocketed!

The copper market is red hot right now. The price of copper has rallied to the highest in more than two years, breaking resistance around 6500 USD per...

07:28

Economic calendar: Virus and earnings in focus

As it is usually the case for Mondays, the economic calendar is almost bare. Turkish industrial production data for May will be released at 9:00 am BST...

06:42

Morning wrap

Investors from Asia-Pacific started the week in upbeat moods. Nikkei trades 2.1% higher, S&P/ASX 200 gains 0.8% and Kospi adds 1.7%. Indices...

18:04

Daily summary: Global stocks advance despite record single-day COVID-19 cases spike

Global financial now seem to be weighing the ongoing coronavirus spike as cases and deaths continue to rise at a worrying rate. Yesterday the U.S. recorded...

17:44

Technical alert: US500

US500 is currently reacting to resistance level that results from 1:1 market geometry (3,160 pts). An upward move which was started at 7:30 am BST looks...

15:46

US OPEN: American equities are posting gains on Gilead news

American equities opened flat today. Nevertheless, moods significantly improved following Gilead Sciences (GILD.US) announcement just before the market...

14:14

Coronavirus: market update

• The total number of confirmed coronavirus cases surpassed 12.42 million of which more than 558 000 died and over 7.24 million recovered   • US...

13:35

Employment change in Canada better than expected

A few moments ago, the national statistical office of Canada released its labour market report for the month of June. Bloomberg’s market consensus...

12:27

Crypto newsletter: Will Altcoins threaten Bitcoin dominance?

• Another uneventful week in the cryptocurrency market • Some cryptocurrenices  exchanges experienced significant drop in volume • Bitcoin...

11:43

Trade of the day: USDCHF

Facts: USDCHF bounced off the upper limit of 1:1 structure The main trend remains downward Recommendation:  Trade: Short position on...

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10:15

DE30: Europe pushes higher despite surging infections

• Coronavirus infection rates continue to accelerate above historical highs. • European stocks turn positive • VW's...

07:27

Economic calendar: Canadian Employment Figures and Ecofin Council Meeting

• Second day of the Eurogroup and Ecofin meeting • Canadian employment figures expected to rebound in June There is not much data scheduled...

07:01

Sell-off on OIL.WTI

Oil prices are moving down for a second day on concerning COVID data both from the US and Asia. The US saw number of new daily cases rise above 60k for...

06:25

Morning wrap

• US indices finished yesterday's session mixed. S&P 500 lost 0.6% while Dow Jones dropped 1.4%. In contrast, Nasdaq rose 0.5% • Risk-on...

18:13

Daily summary: Global equities turn negative amid market risk aversion

Moods on global stock markets seem to have deteriorated throughout today’s trading day. Asian markets ended the session mostly in the green territory....