Market news

10:43

Watch out for the COCOA chart. What's next for the price?

The cocoa market is preparing for futures contract rollovers On the market, we are observing the largest backwardation in history, looking at the...

09:34

Lumen Technologies up 44% in US pre-market as shares extend AI rally 📈

Lumen Technologies extends a rally, up more than 500% since the beginning of July and another 44% in today pre-market, as Wall Street bets on AI catalyst...

08:32

Super Micro Computer slumps 11% after quarterly earnings💲Will it pressure AI sentiments? 🔎

Super Micro Computer (SMCI.US) is down 11% in after-hours trading following the release of mixed results for the fourth quarter of fiscal year 2024, which...

07:55

Economic calendar: All eyes on Wall Street sentiments; light macro calendar, EIA oil inventories change

European indices open marginally higher, after gains in Asia Today's macro calendar is not full of major data releases; German data marginally...

07:22

BoJ Uchida calms markets, weakening yen. USDJPY gains 1.3%

Bank of Japan deputy governor, Uchida spoke publicly in Hakonde: BoJ will not raise rates unless the market is stable Market is buoyed by US data,...

06:25

Trade of the day: USDIDX (07.08.2024)

Facts: USDIDX bounced off a key resistance area The main sentiment remains bearish Recommendation:  Trade: Short position on USDIDX...

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06:02

BREAKING: German industrial production slightly stronger than expected

German Industrial production in July came in -4.1% YoY vs -4.2% exp. and -6.67% previously (1.4% MoM vs 1% exp and -2.5% previously) German export...

05:38

Morning wrap (07.08.2024)

Yesterday's successful session on Wall Street boosted sentiment on Asian exchanges, and today's futures market trading indicates that the rebound...

18:00

Daily Summary: Strong rebound on Wall Street 🎯

After an uncertain market open in the USA, indices are set to end the day with significant gains. The US500 is up 1.50% to 5330 points, the US100...

17:22

Lumen Technologies gains 81% after securing $5B in new contracts 💰

Lumen Technologies (LUMN.US) stock is gaining almost 80% to 5.1B market cap after the company announced after yesterday's market close that it secured...

16:41

Investors expect lower volatility; VIX at a glance 🔎

The VIX index experienced a sharp decline from yesterday's peak of around 38 to a current level of 27. This is due to investors perceiving less risk,...

14:17

US Open: Wall Street opens lower but bulls are trying to regain control 🟢

  Major indices open lower US500 records smallest drop at start of session At the time of publication, indices are already gaining USD...

14:04

Caterpillar rises despite lower sales in Q2

Caterpillar (CAT.US) gains after solid results for the second quarter of 2024 Caterpillar is up almost 2% following the release of its second quarter...

12:35

Commodity wrap - Oil, gas, gold, cocoa (06.08.2024)

Oil: Crude oil is under downward pressure due to demand uncertainty linked to a potential recession. At the same time, recent ISM data indicates...

12:32

BREAKING: US trade balance lower than expected 📌

01:30 PM BST, United States - Balance of Tade Data for June: Trade Balance: actual -73.10B; forecast -72.50B; previous -75.00B; Imports:...

12:24

DE40: Negative sentiment on the European markets continue

DAX erases early session gains and returns to declines  European indexes decline  German industrial orders data above expectations  Bayer...

11:31

Trade of the day: Dogecoin (06.08.0224)

Facts:  Dogecoin remains in a long term downward trend The price sits below the 100 - period moving average The price bounced off the 1:1...

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11:15

EURGBP - recommendation from Morgan Stanley (06.08.2024)

Morgan Stanley has issued a recommendation for the EURGBP currency pair. Morgan Stanley recommends taking a short position on the pair with the following...

09:31

EURUSD extends declines after lower Eurozone retail sales reading

Eurozone Retail Sales (M/M) Jun: -0.3% (est -0.1%; prev 0.1%) - Retail Sales (Y/Y) Jun: -0.3% (est 0.1%; prevR 0.5%) Retail sales unexpectedly fell...

09:20

Chart of the day: AUDUSD (06.08.2024)

The most important event of the day in APAC markets was the RBA's decision on interest rates. As expected, the Bank of Australia kept rates unchanged...