Market news

13:51

US OPEN: Wall Street regains some ground

US stocks opened higher Mixed quarterly results from Foot Locker (FL.US) and Deere (DE.US) Palo Alto Networks (PANW.US) stock rose sharply on upbeat...

11:16

Trade of the day – CHNComp (20.05.2022)

Facts: China cut a key mortgage rate to support a slowing economy. Improving pandemic situation in Shanghai Recommendation:  •...

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09:04

DE30 tests 50% retracement near 14,100 pts

European markets trade higher DE30 tests 50% retracement near 14,100 pts Telefonica Deutschland declares €0.18 dividend per...

07:50

Chart of the day - GBPCHF (20.05.2022)

Release of the UK retail sales report for April this morning turned out to be a positive surprise. While retail sales were 4.9% YoY lower in April, the...

06:46

Economic calendar: Light calendar to end the week

European indices set for higher opening UK retail sales with unexpected monthly increase in April Industrial production and jobs...

05:53

Morning wrap (20.05.2022)

US indices finished yesterday's session lower but magnitude of a drop was much smaller than the day before. S&P 500 dropped 0.58%, Dow Jones...

18:14

Daily summary: Global stocks remain under pressure

European indices continue to move lower. DAX fell 1.26% while the CAC40 and FTSE100 dropped 1.20% and 1.07% respectively; The latest ECB meeting minutes...

17:00

Under Armour stock sinks as CEO steps down

Under Armour (UA.US) shares tumbled more than 10.0% on Thursday after Morgan Stanley downgraded sports equipment company stock to ‘equal weight’...

16:20

EURUSD - recommendation from Credit Suisse

Credit Suisse issued a recommendation for the EURUSD currency pair. The Bank recommends taking a short position on the pair with following levels: Entry:Limit...

16:03

Will stablecoins drag down the whole cryptocurrency market?

The spectacular collapse of the Terra (Luna) project and associated stablecoin UST created caused strong perturbations in the entire crypto market. Not...

15:30

MACRO: US economy is sending warning signs

The Philadelphia Fed Manufacturing Index in the US plunged to 2.6 in May, the lowest level since June 2020, and well below analysts’ estimates 16....

14:01

US OPEN: Sell-off on Wall Street continues

US stocks opened lower Weak Philly Fed and claims readings Kohl’s (KSS.US) stock under pressure as inflation weighs on profits US indices...

12:35

BREAKING: USD muted after weak claims data

The number of Americans filling for unemployment benefits was 0.218 million in the week ended May 14, compared to 0.203 million reported in the...

12:21

DE30: Sharp reversal just before important resistance

On Thursday, the German leading index continued the decline it initiated yesterday. D1 chart The DE30 continues its downward movement after a bearish...

12:03

EUR sees little reaction to ECB Minutes

Key takeaways from April's ECB Minutes: Policymakers widely expressed concern over high inflation numbers while many upside risks to inflation...

11:16

Cisco Systems - tip of an iceberg ❓

Cisco Systems is another US company that released a worrying earnings report. An important thing to note is that the report from Cisco was for the February-April...

11:09

Trade of the day – Gold (19.05.2022)

Facts: Gold price rebound amid recession concerns Weaker greenback and lower treasury yields support precious metals Recommendation:  •...

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09:48

BREAKING: USDCHF drops 1% as SNB gets hawkish

The Swiss franc is the best performing G10 currency today. Part of the move can be reasoned with an overall risk-off attitude in the markets, that favors...

08:58

DE30 drops 1.8% following a disastrous Wall Street session

European stock markets trade lower DE30 paints daily low near 13,700 pts Suedzucker maintains fiscal-2023 profit forecast European...

07:53

Chart of the day - US100 (19.05.2022)

Wall Street slumped yesterday with S&P 500 and Nasdaq dropping more than 4%. This was the worst Wall Street session in almost 2 years! Concerns over...