Market news

12:04

Italian FTSE MIB reverses gains as EU triggers EDP against Italy

Summary: Italian equities reverse previous gains and bounce back from crucial resistance EU triggers excessive debt procedure against Italy due...

10:45

Pound looks to extend recovery; Service sector data beats

Summary: UK service PMI: 51.0 vs 50.6 exp and 50.4 prior Beats forecasts but overall surveys suggest slowing economy UK stocks...

09:43

Trade of the day – US500

Summary: S&P 500 had a brilliant start of the week Dovish comments from Powell supported equities We believe that this rebound may be short-lived....

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09:25

DE30: SAP and Wirecard lead the gains in Germany

Summary: Beginning of trading has not brought a clear direction DE30 is closing the important technical resistance SAP (SAP.DE) among top performers...

07:48

Economic calendar: A lot to digest for investors

Summary: Final PMIs from European economies including the first (and last) reading for the UK services sector, non-manufacturing ISM from the US...

07:05

NZD benefits from RBNZ comments, Wall Street surges

Summary: New Zealand dollar leads the gains following comments from a RBNZ official Aussie gets the weak GDP report, Australian PMIs mixed Wall...

16:27

Stocks recoup recent losses; ZAR plunges

Summary: US indices rally; S&P500 50 points off recent lows  Stocks react positively to Powell DE30: VW shares gain after...

14:41

Rand craters on dismal GDP report

USDZAR soars by as much as 1.6% on Tuesday despite good moods on emerging markets as the GDP report for South Africa disappointed markets. The first quarter...

14:04

US stocks to open higher as markets await Powell

Summary: Equities recover after recent declines Positive trade talk from China aides the recovery Fed chair Powell to speak at...

12:40

Top 3 charts of the week: GBPUSD, GOLD, US500

- GBPUSD with potential inverse head and shoulders pattern - Gold rallies after breaking above the consoldiation range - US500 defends key support zone GBPUSD Brexit...

10:25

Trade of the day - USDJPY

Summary: Fed’s Bullard dealt a blow to the US dollar Market sentiment seems to be improving USDJPY poised to experience a short-lived rebound Trade:...

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09:06

DE30: Stocks decline on rising recession fears

Summary: Equity markets in Europe begin with declines after falls in Asia and on tech stocks in the US A short-lived bounce in the DE30 looks likely VW...

07:38

Economic calendar: Important data for EURUSD traders

Summary: Preliminary core inflation from EMU for May will be released before noon US durable goods for April (final) UK construction PMI expected...

07:07

Australia cuts rates to the lowest ever

Summary: Reserve Bank of Australia reduces its cash rate to the record lowest level Aussie remains little changed as the move was expected NASDAQ...

16:45

Wall Street swings to gains, precious metals rally

Summary: - European stocks erase morning drop - US stocks trade higher but techs lag - Precious metals move significantly higher as trade tensions escalate -...

16:19

USDCHF - recommendation from Deutsche Bank

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

16:03

Mixed moods on Wall Street opening, FedEx sinks on Chinese probe

Summary: - Chairman of the White House Council of Economic Advisers decided to resign - Nasdaq (US100) fails to bounce higher at the beginning of the...

13:47

Technical overview: DE30

Summary: - DE30 launched new week lower - A move towards the 161.8% Fibo level of the latest upward impulse may be on the cards - Price is testing range...

11:56

UK PMI declines the most since Brexit referendum

Summary: UK manufacturing PMI falls in May the most since the 2016 Brexit referendum A substantial decline is a result of huge stockpiling seen...

10:40

Trade of the day – USDHUF

Traders see rate cuts in the US CEE economies resilient to European slowdown USDHUF reverts from the key zone Trade: USDHUF sell at market Stop...

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