Market news

14:22

BREAKING: US industrial production lower than expected!

Industrial production in the US moved up 0.2% MoM in May, after 1.1% MoM in April and below market consensus of a 0.4% MoM.  Industrial...

13:47

Will Coinbase rebound from massive declines?

Shares of Coinbase, a company operating on the recently losing cryptocurrency market, have already lost nearly 90% from their historical highs and are...

13:04

Dutch ABN AMRO gains after reports of possible takeover by BNP Paribas

Shares of state-owned bank ABN AMRO (ABN.NL) jumped as much as 18% after Bloomberg  agency reported, citing people familiar with the matter, that...

11:38

Trade of the day: AUDUSD (17.06.2022)

Facts: AUDUSD is trading in an upward trend The pair sits above the key support area Recommendation:  Trade: Long position on AUDUSD...

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10:39

DE30 stages a slow recovery move

European stock markets try to recover from yesterday's drop DE30 still trades 400 points below Wednesday's close E.ON rallies...

09:12

Chart of the day - CADJPY (17.06.2022)

A surprise 50 basis point rate hike delivered by Swiss National Bank yesterday triggered strong risk-off moves in the market. A surprise move from one...

07:37

Economic calendar: Powell speaks, European inflation data revision

European stock markets set for a more or less flat opening Fed Powell to speak on international role of USD Revision of European...

06:53

Morning wrap (17.06.2022)

US indices slumped yesterday with Dow Jones dropping 2.42% and breaking below 30,000 pts mark. S&P 500 declined 3.25%, Nasdaq dropped 4.08% and...

15:17

Wall Street sinks to lowest since Feb’21 on slowdown concerns

PostFOMC rally fizzles US data mix compounds economic worries Tesla raises US prices A post-FOMC rally did not last long. Indeed, it was very...

13:40

BREAKING: Poor mix of US data adds to slowdown worries

We have just received a mix of US data and the news is clearly bad: Initial claims 229k (expected 215k, previous 229k revised to 232k) Housing...

12:09

BREAKING: BoE hikes by just 25bp, GBP declines

The move to 1.25% was expected by the markets but following hawkish surprises from the Fed and notably the SNB today investors might have hoped for a braver...

08:35

SNB raises rates by 50bps❗

The Bank was widely expected to hold rates unchanged and only flag future tightening, mostly in response to the ECB. Meanwhile a 50bp hike from the record...

07:13

Economic Calendar: BoE, SNB to follow the Fed decision

Bank of England expected to raise rates However the SNB is seen leaving things unchanged Housing data is the key piece from the US today Markets...

06:33

Morning Wrap (16.06.2022)

The FOMC decided to increase interest rates by 75bps yesterday, above initial expectations. The main rate is in the range of 1.5-1.75% The Fed message...

20:46

Daily summary: US stocks rally after Fed decision

European indices snapped a six-day selloff to end Wednesday’s session higher, with DAX 40 adding 1.36%, mainly thanks to solid performance of...

20:15

Powell Q&A session: Key Takeaways

FED Chair Powell’s press conference is slowly heading towards its end. Below we present key takeaways from Q&A session: By this point...

19:50

Key takeaways from Powell Conference

- Powell starts from a strong message on inflation - inflation needs to be brought down to ensure lasting economic growth - 50 or 75bp hikes most...

19:20

📉US500 falls after Fed decision💥

The Federal Reserve raised the target for the fed funds rate by 75 basis points to 1.5%-1.75% during its June  meeting, after the inflation rate unexpectedly...

19:03

BREAKING: USD muted as FED lifts interest rates by 0,75%

The Federal Open Market Committee (FOMC) has just announced its latest monetary policy decision. The US central bank lifted interest rates by 0.75...

18:05

Boeing stock surges following upbeat news from China

Boeing (BA.US) shares rose 8% on Wednesday after Reuters reported that airline China Southern conducted test flights with Boeing’s 737 Max jet for...