Market news

14:19

BREAKING: ISM Manufacturing PMI shrinks less than expected

The Institue for Supply Management's (ISM) Manufacturing PMI in March declined to 49.1  from 50.1 in February, beating market forecasts of 44.9....

13:49

Special Report: Where to look for opportunities?

The market crash has caught many investors off guard. However, a steep decline in equity prices might also be seen as an investment opportunity, especially...

12:31

BREAKING: ADP Non-Farm Employment Change falls less than expected in March

ADP Non-Farm Employment in the US decreased  to -27k from 183k in the prior month. Analysts’ has expected a reading to show a much larger loss...

11:10

Technical alert: NZDUSD

NZDUSD has been trading in an upward move since March 19. Nevertheless the pair broke below the trendline yesterday which may suggest a return to a downward...

11:01

Coronavirus: market update

Global coronavirus cases surpassed 872,000 with nearly 185,000 recoveries. The number of people confirmed to have died as result of the coronavirus has...

10:16

CHFJPY - recommendation from Nordea

Nordea issued a recommendation for the CHFJPY currency pair. The Bank recommends taking a short pending position on the pair with the followings levels: Entry...

08:04

Trade of the day – OIL.WTI

Summary: The oil market will be in huge oversupply for at least 2-3 next quarters There are speculations about new production cut deal, however...

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07:34

BREAKING: Selling pressure returns to the markets

Pressure returns to global stock markets at the beginning of a new quarter. Stocks in China, Japan and South Korea dropped while European equity indices...

06:45

DE30 tests lower limit of trading range

European indices sink on Wednesday DE30 test lower limit of trading range at 9,500 pts Continental (CON.DE) withdrew outlook for...

05:29

Morning wrap

US indices finished yesterday’s session lower. S&P 500 dropped 1.60%, Dow Jones declined 1.84% and Nasdaq slipped 0.95%. On the other hand,...

04:17

Economic calendar: ISM and ADP data in the spotlight

ADP expected to show 150k decrease in US employment Manufacturing ISM forecast to drop to 45 pts Revised PMI data from Europe Risk-off...

17:13

Daily summary: Wall Street swung between gains and losses

• FED announces further liquidity tools • Jump in Covid-19 infections in New York state • US government is preparing further...

14:59

US OPEN: Fed Announces Further Liquidity Tools

• Wall Street swung between gains and losses during today’s open • FED announced temporary repo facility • McCormick...

14:12

BREAKING: CB Consumer Confidence Index edged lower to 120.0 from 132.6; Chicago PMI data above expectations

The Chicago Purchasing Managers Index (Chicago PMI), also known as Chicago Business Barometer, went down to 47.8 from 49.0 in the prior month, the Institute...

12:39

Trade of the day – Cocoa

Facts: Future longs on cocoa have been decimated amid liquidity shortage Cocoa prices test key support area US considering ban on Ivory Coast imports Recommendation: Cocoa...

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12:19

Coronavirus: market update

Global coronavirus cases exceeded 800,000 with nearly 170,000 recoveries. The number of people confirmed to have died as result of the coronavirus has...

11:58

USDCAD - recommendation from TD Bank

TD Bank issued a recommendation for the USDCAD currency pair. The Bank recommends taking a long pending position on the pair with the following levels: Entry...

11:10

Commodity wrap: Oil, Gold, Wheat, Coffee (31.03.20)

Oil: • Reuters sees oversupply of 6 million barrels per day in Q1 and almost 10 million barrels per day in Q2, followed by a clear rebound of demand •...

10:36

Technical alert: GBPUSD

GBPUSD has been trading in a correction move since the beginning of the week. In case it is continued, there are two levels to focus on.The first support...

09:13

DE30 tests 10,000 pts once again

European equities jump higher DE30 returns to the 10,000 pts area Fitch downgrades Deutsche Bank (DBK.DE) and Commerzbank (CBK.DE) European...