Market news

16:24

CBRT action boosts TRY, ZAR pulls back after Eskom CEO departure

Summary: - Hungarian forint weakens ahead of central bank meeting - South African rand pulls back amid cabinet appointment delay - Turkish lira trades...

13:38

EURGBP - recommendation from Nomura

Nomura issued a recommendation for the EURGBP currency pair. The Bank recommends taking a long position on the pair with following levels: Entry...

11:00

Trade of the day – EURCHF

Relief after elections in Europe EURCHF recovers from the key support zone Pair could move up within a range Trade: EURCHF buy at market Stop...

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09:52

DE30: Disappointing elections’ results for Merkel’s governing coalition

Summary: CDU/CSU wins the European elections, SPD experiences a sharp drop in support, excellent result for Greens European elections are another...

07:39

Economic calendar: Calm beginning of the week

Summary: Expect thin liquidity over the day due to a holiday in both the US and the UK Polish unemployment data will be released before noon ECB’s...

07:02

Euro and pound little changed after European elections

Summary: A big alliance of EPP/S&D is set to lose its majority in a new European Parliament Eurosceptics win in France, Italy and the UK; in...

15:55

GBP mixed as UK PM May sets leave date; Stocks attempt to recover

Summary: GBP choppy as UK PM May sets 7th June leave date US stocks look to recover into the weekend More soft data from the US DE30:...

14:17

US stocks look to recover into the weekend; More soft US data

Summary: US benchmarks trading higher ahead of the open Trump trade comments support the recovery Durable goods orders disappoint   After...

14:00

Macroeconomic update: Is there anything to be pleased with?

- Streak of downbeat US data - PMIs decline in Europe, US and Asia - Australian dollar pressured by RBA’s dovishness US - PMIs within a striking...

10:23

Pound mixed as UK PM May announces resignation date

Summary: UK PM May announces resignation Mixed reaction seen in the pound Oil on track for large weekly loss   Theresa...

10:13

Theresa May to step down on 7 June

Theresa May has just announced that she will step down as the leader of her party on 7 June. May will continue to serve as the UK Prime Minister until...

10:08

DE30: Paul Achleitner retains Deutsche Bank Chairman job

Summary: - European equities push higher on the final trading day of the week - DAX (DE30) tries to climb back into the upward channel - Paul Achleitner...

08:56

Trade of the day: ETHEREUM

Summary: - Cryptocurrencies saw rapid gains since the beginning of May - Rally on Ethereum market eased after reaching resistance zone - A short-term...

07:48

Economic calendar: Data from the US and UK

Summary: - UK retail sales for April expected to show 4.5% YoY advance - Durable goods orders data gains importance amid weak PMIs - Riksbank Deputy...

07:10

Eurosceptics suffer in the Netherlands, Trump speaks on Huawei

Summary: - Trump says Huawei may become part of a trade deal - Eurosceptics suffer unexpected defeat in the Netherlands - AUD moves lower as forecasters...

16:18

Risk-off returns as Stocks and Oil plunge

Summary: Oil extends losses since inventory data Large declines seen in major stock benchmarks Stock of the week: VF corporation Is...

15:13

US indices extend decline on nightmare US data

Preliminary release of the US PMI indices for May turned out to be a huge disappointment. Both services and manufacturing gauges saw significant decline...

14:11

Bitcoin news: Bitcoin on the way to 2nd-best quarterly gain

Summary: Incredible quarter for Bitcoin Moderate slowdown in the cryptocurrency market SEC's postpones the decision on Bitcoin ETF again,...

14:08

Stocks under pressure ahead of Wall St. open; Apple to start lower

Summary: European benchmarks drag US peers lower Soft EU data weighs on sentiment Apple to begin lower as UBS cut price target   The...

13:35

Stock of the week: VF Corporation

Summary: - VF Corporation (VFC.US) split into two entities - Low-growth jeans business separated from the company - Long history of dividend payouts -...