Market news

10:37

Trade of the day – USDPLN

US dollar recovered but faces multiple rate cuts ECB likely to delay the cut until September PLN should benefit from the strong economy Trade:...

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10:22

Pound slides as more Tory MPs resign

Summary: Further resignations as Boris closing in on PM Voting closes this evening; announcement expected tomorrow Shooting star...

09:42

DE30: Crucial week for European stock markets as ECB meeting looms

Summary: European stocks see a flat start to Monday’s trading This week could be crucial for stock investors due to the ECB meeting scheduled...

07:37

Economic calendar: Light beginning of important week

Summary: Regional Fed index from Chicago seems to be the sole noteworthy reading scheduled for Monday BoJ’s Kuroda to speak at the IMF in...

07:02

Abe’s ruling coalition wins upper house elections

Summary: The Japanese ruling coalition, Liberal Democratic Party and Komeito, managed to win the sixth upper house elections in a row Japanese...

16:46

USD holds firm at the end of the week, Italian stocks plummet

Summary - Mixed stock session in Europe, Wall Street ticks higher - USD trades as the strongest G10 currency - Canadian retail sales disappoint -...

15:18

UoM data disappoints slightly, Microsoft rallies on earnings

Summary - University of Michigan consumer confidence misses expectations - S&P 500 (US500) found some support at the 33-period EMA - Microsoft...

14:29

Technical analysis: Silver, Gold

Summary: Record rally on silver, upward move of over 7.5% this week Gold at the highest levels since the beginning of the year  The silver...

12:13

Macroeconomic update: Chinese growth normalisation, markets fixated on Fed rate cuts

Summary: Chinese Q2 GDP growth meets forecasts, a package for June comes in above expectations Solid prints from the US (retail sales, regional...

10:45

DE30: Wirecard rallies on Aldi partnership

Summary: - Bayer (BAYN.DE) may see $2 billion verdict reduce to $150-250 million range - DAX (DE30) halts morning bounce at 33-period EMA - Wirecard...

10:21

Trade of the day: GOLD

Summary: Gold retested support at $1438 The rally continues after a moment of range trading Trade: long GOLD at market price Target: 1453 Stop:...

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07:20

Economic calendar: Canadian retail sales in the limelight

Summary: Canadian retail sales for June among the highest priority readings Preliminary data regarding US consumer confidence Retail sales from...

06:58

USD recoups losses after Fed clarifies Williams and Clarida comments

Summary: US dollar gains ground this morning after it slumped on Thursday following dovish comments from Fed’s Williams and Clarida The US...

16:11

US stocks recover; EUR slides as ECB mulls policy change

Summary: Wall Street rises after recent declines Stock of the week: Galapagos Euro losses ground as ECB mulls inflation target...

14:10

US stocks to start little changed; Philly Fed jumps

Summary: US benchmarks remain near weekly lows Philly Fed tops estimates; Initial jobless rises  S&P500 pulls back to...

13:08

Stock of the week: Galapagos

Summary: - Galapagos and Gilead Science announced deeper cooperation over the weekend - Gilead to invest massive amounts of money in Galapagos - Two...

11:45

Euro loses ground as ECB mulls over inflation target change

Summary: ECB is believed to call into question its “below but close to 2% inflation objective” A change needs a review, would be implemented...

11:43

GBPUSD - recommendation from IFR

Thomson Reuters IFR issued a recommendation for the GBPUSD currency pair. The agency recommends taking a short pending position on the pair with the...

10:40

Nickel has another astonishing week

The price of nickel is going through another great day, despite a general risk-off that is primarily visible on the stock market and is caused by concerns...

10:11

UK retail sales beats forecasts but FTSE drifts near 2-week lows

Summary: Retail sales M/M: +1.0% vs -0.3% exp. -0.6% prior 5th time in 6 months consumer spending beats forecasts FTSE dips back...