Market news

09:39

European PMIs beat forecasts; GBPUSD back above $1.31

Summary: Upbeat readings from European service PMIs UK reading: 50.0 vs 49.1 exp GBPUSD holding above $1.31   Today’s...

07:04

Morning wrap

Tensions in the Middle East continue to be the dominant theme for markets at the start of a new week with Oil prices pushing higher, safe haven assets...

19:15

BREAKING: Gold hits resistance despite upbeat Fed

Rate unchanged for longer time unless circumsatnces change A few policymakers raised concerns that keeping rates low for a long time could exacerbate...

18:33

US indices erase loses ahead of the FOMC minutes

US indices look like a bulletproof vehicle, rolling past all the obstacles. Despite the shock from the US attack in Iraq that caused a spike in oil prices...

16:41

Rising Middle East tensions cause Oil to spike; Gold gains as ISM disappoints

Summary: Oil spikes as Iranian military leader killed Can Iran cause another oil shock? EIA inventories show huge drop Gold...

16:07

BREAKING: EIA inventories show huge drop; Oil remains firmly higher

The weekly crude oil inventories from the US have shown a bumper drawdown, with the EIA release keeping the markets well supported, not far from 4-month...

15:05

BREAKING: Gold gains as ISM disappoints

The ISM manufacturing PMI for December came in at 47.2 below both the prior reading of 48.1 and the consensus forecast, which called for 49.0. This marks...

13:52

US stocks look to recover; ISM in focus

Summary: US indices bounce after earlier declines This morning US500 fell around 55 pts (1.8%) ISM manufacturing PMI (3PM GMT)...

13:40

Can Iran cause another oil shock?

Tensions in the Middle East are on the rise United States conducted a pre-emptive strike aimed at high-profile Iranian officials at the airport in Baghdad,...

12:26

Technical Alert – DE30

DE30 declines 2.2% on Middle East tensions Bulls try to defend the key support DE30 now negative for the year It looked unlikely just yesterday but...

10:43

Oil spikes as Iranian military leader killed

Summary: US assassinate top Iranian military leader  Oil rises over 3%  Stocks slide and Gold gains    The...

10:01

DE30: Lufthansa slumps on oil surge and poor industry outlook

Indices trade under pressure as tensions in the Middle East rise DE30 halts decline and bounces off the zone at 13150 pts Lufthansa...

09:22

Trade of the day – OIL.WTI

Facts: Oil prices spike after US kill Soleimani Prices hit resistance zone Previous such reaction waned very quickly Recommendation: OIL.WTI...

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07:21

Economic calendar: FOMC minutes among reports to watch

FOMC minutes to be released in the evening German CPI expected to accelerate to 1.4% YoY Manufacturing ISM forecasted to jump to...

06:50

Morning wrap

Risk-off moods can be seen across financial markets as tensions in the Middle East increased. United States killed one of Iran’s most powerful...

06:36

BREAKING: OIL soars 3% after US military action

This morning is very lively on the markets after the news that the US military killed Qasem Soleimani, the head of the Iranian Revolutionary Guard Corps-Quds...

16:23

Stocks surge to start the year; 5 Themes for 2020

Summary: Strong gains seen in equities DE30 - technical overview  US100 makes new ATH UK Manufacturing PMI remains...

15:26

Technical alert – DE30

DE30 again the in the resistance zone Wirecard pulls the index higher Market supported by US100 records DE30 had a poor end to 2019 but these losses...

13:50

US stocks back near record highs

Summary: US indices trade firmly higher before cash session US500 back near ATH of 3254 Initial jobless claims 222k vs 222k expected   After...

11:05

DE30: Banks lead European stock market rally

Stocks trade higher fuelled by trade optimism and PBOC’s easing DE30 climbs back above the 13300 pts handle Deutsche Bank (DBK.DE)...