Market news

18:42

Daily summary: PMI's point to recession, strong NATGAS pullback

- Most indices from European economies gave preliminary indications that activity fell below 50 points in August - PMI indices in the US also scored...

17:58

Fed models point to minimal rise in inflation and stable growth

The Nowcast model from the Cleveland Fed shows that at this point for August we should expect minimal increases in CPI inflation on a monthly basis and...

17:06

Closer and closer to nuclear deal with Iran

CNN reports that Iran is dropping key demands in the nuclear deal, which could lead to an early agreement. Previously, pressure for an agreement was presented...

16:18

Occidental Petroleum is testing year highs 📈

Warren Buffett's Berkshire Hathaway fund took an interest in Occidental Petroleum in the first quarter of the year, acquiring a 20% stake as part of...

15:45

BREAKING: OPEC+ may decide to cut when Iran returns to the market

Breaking news, OPEC+ may consider cutting production when Iran would return to the market. This is a possibility with the nuclear deal, which has been...

15:06

BREAKING: Another strong decline in US home sales

U.S. new home sales for July fall to 511,000 with expectations of 575,000 and with the previous level of 590,000. This is a decline of 12.6% m/m! In...

14:45

BREAKING: US flash PMI's below expectations!

2:45 pm BST - US, flash PMI indices for August Manufacturing. Actual: 51,3. Expected: 51.9. Previous: 52.2 Services. Actual: 44,1. ...

14:35

US OPEN: US100 opens little changed

The US stock market begins today's trading in mixed moods  Expectations for PMI data and new home sales  Today's...

13:31

Commodity Wrap - Oil, Natural Gas, Gold, CO2 Emissions (23.08.2022)

Oil Oil prices move higher after Saudi Arabia said OPEC+ is ready to intervene as fundamentals and prices got disconnected According to...

12:50

DE30 tries to shake off yesterday's sell-off

The mood on the German stock market is trying to stabilize after yesterday's sell-off. Markets are still assessing what interest rate hikes we can...

10:31

Trade of the day - EURJPY (23.08.2022)

Facts Pullback on EURJPY halted at the end of July Pair started to trade in triangle pattern Positive reaction to the lower limit...

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09:18

Chart of the day - EU50 (23.08.2022)

European equity indices started today's trading on a weaker footing with the majority of blue chips benchmark from the Old Continent starting today's...

08:34

BREAKING: DE30 gets small lift after flash PMIs for August

Flash PMI indices for August from major European economies were released this morning. Data from France released at 8:15 am BST turned out to be disappointing...

07:29

Economic calendar: Flash PMIs for August in focus!

European stock markets set for lower opening Flash PMIs from Europe and the United States Weekly API report on US oil inventories Futures...

06:52

Morning wrap (23.08.2022)

US indices finished yesterday's trading lower following a poor performance of European equities. S&P 500 dropped 2.14%, Dow Jones moved 1.91%...

18:56

Daily summary: Energy crisis leads to another parity on EURUSD

Parity has reappeared on the EURUSD due to the energy threat in Europe. Strong increases in gas prices are leading to extreme electricity prices...

16:45

EURUSD at new near 20-year lows; oil rebounds through the announcement of production cuts!

The EURUSD has pierced the previous month's lows below parity and is trading at its lowest since December 2002. The weakness of the euro is dictated...

16:12

Ford intends to lay off 3,000 workers!

Of recent note, the Ford Motor (F.US) company has confirmed its intention to lay off 3,000 employees at its subsidiaries in the US, Canada and India. The...

15:47

EUR/USD falls back to parity

During this session risk assets are once again under pressure, as the US Dollar appreciates against the major currencies. The pair EUR/USD is again...

14:58

US OPEN: Panic on the US stock market!

The US stock market starts today's trading with declines Panic on "meme stocks"  The first trading session this...