Market news

07:00

Morning wrap (20.06.2022)

Indices traded mixed during the first Asian session of a new week. Nikkei dropped 1%, S&P/ASX 200 moved 0.6% lower and Kospi plunged 2.50%. Indices...

18:59

Daily summary: Oil sinks amid recession fears 💥

European stock indices ended today's trading mostly lower.  FTSE, CAC40 and WIG20 lost, while German DAX gained 0.67%. The American...

18:02

Three markets to watch next week (17.06.2022)

This week was all about central banks. The Fed delivered the biggest rate hike in almost 30 years, the Swiss National Bank unexpectedly hiked rates while...

17:26

Bitcoin defends $20,000 level

Bitcoin held support at $20,000 and is attempting a slight rebound near the $20,500 level by the end of the week. The last few hours for the industry...

16:05

📉 WTI crude oil loses almost 5%

Concerns about the global economic slowdown drove down oil futures prices:  Crude oil is heading for its first weekly decline since April...

15:25

US OPEN: Mixed opening of last US session this week

The beginning of the last session on Wall Street this week brings mixed sentiments to most stock exchange indices. US 10-year bond yields jumped to...

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...