Market news

15:03

OBR and Chancellor Hunt comment UK economic conditions 📊

The Office for Budget Responsibility (OBR) of The United Kingdom, gives independent analysis of the UK's finances, as an executive non-departmental...

14:37

USD muted after release of Powell's testimony

Text of Fed Chair Powell's semiannual testimony was released today at 1:30 pm GMT. Below are key takeaways from the speech: Ongoing progress...

14:16

BREAKING: US ADP report slightly below expectations. USDIDX loses

US ADP report (February):  140 k vs 150 k exp. and 107 k previously The private sector US jobs report showed goods-producing jobs up 30,000,...

14:08

EURUSD above key resistance as macro readings from Europe signal improvement

Today's eurozone retail sales reading YoY showed a decline of -1% vs. -1.3% expected and -0.8% previously On MoM basics, retail sales rose 0.1%...

13:44

Maersk near multi-year lows amid logistics problems and Red Sea tensions 🚢

The world's largest container ship operator, Denmark's Maersk (MAERSKA.DK) faces a number of logistical challenges, which led the company to recently...

12:46

DE40: European indices record a green midweek session 📣

European indices are trading higher The DAX is up about 0.20%, returning above 17,700 points EURUSD is up 0.17% to the level of 1.087 Today's...

11:48

HK.cash gains 2% amid encouraging PBOC comments

Chinese stock indices, including HK.cash and CHN.cash are gaining more than 2% during today's session following further dovish comments from the Chinese...

10:56

UK Budget special

Sterling and UK stocks moved higher on Wednesday, as we wait for the UK Budget. At 1230 GMT, the Chancellor will deliver the UK budget. This has been much...

10:12

Will West Africa intensive rain forecasts hit cocoa futures?

Cocoa futures have been in a dynamic uptrend for several months, but at levels near $6500 per ton, strong sellers activity has once again emerged recently....

09:55

Stock markets stabilize as China hints at more rate cuts, ahead of Jerome Powell, UK Budget

Financial markets were on the precipice of panic mode yesterday, but calm has returned as we await some key events. US stocks sold off on Tuesday, however,...

09:51

Trade of the day: Silver (06.03.2024)

Facts: Silver broke above upper limit of trading range Silver price bounced off the support area at 23.50 Recommendation:  Trade:...

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09:21

Chart of the day - Ethereum (06.03.2024)

The recent days have been very volatile in the cryptocurrency market. Yesterday, Bitcoin broke its historic all-time high (ATH), momentarily surpassing...

08:32

Economic calendar: busy day ahead - ADP report, Fed Chair Powell Testifies and BoC decision 📌

Today is rich in several interesting macroeconomic publications and events, which may increase volatility on both European and global markets. In the first...

07:34

Morning wrap (06.03.2024)

Indexes from Asia and the Pacific mostly record an uptrend session despite a weaker session on Tuesday at Wall Street. The Japanese Nikkei...

19:58

Daily summary: Bitcoin and gold strike historical highs 💡

Sentiment in the US remains weak today, with investors taking profits after a powerful rally. The US100 index loses nearly 1.74%, the US500 loses more...

19:30

Wall Street pressured by tech stocks 📉

Weaker ISM services reading paradoxically failed to improve sentiment on Wall Street Broadcom, Intel and Salesforce lead tech companies' declines Sharp...

19:01

Gold holds near historic highs 📊

Gold (GOLD) futures are trading close to 0.7% higher today, and although they have already retreated more than $10 from their intraday peak at $2142, we...

17:34

Bitcoin drops 3.5% and wipes out early gains

Following Bitcoin's sharp breakout above the historic $69,000 barrier, the popular cryptocurrency has initiated a deeper downward correction. At the...

16:13

BITCOIN at new ATH❗

Bitcoin, which is the most popular and largest cryptocurrency by capitalisation, broke through its milestone today. Breaking through the US$69,000 barrier...

16:13

Trade of the day: AUDNZD (05.03.2024)

Facts: The pair is trading below a key resistance at 1.0700 AUDNZD sits below 100-period moving average Recommendation:  Trade: Short...

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