Market news

6:13 PM

Daily summary: Global equities gain on US stimulus package optimism

• Negotiations progress on next coronavirus stimulus package • Silver climbs to over 7-year high, Gold hit new ATH • Oil...

3:36 PM

US Crude Stocks fall for 2nd week

Crude inventories in the US dropped  by 7.373 million barrels in the week ended July 31st, following an 10.612 million decline in the previous week...

3:05 PM

US ISM Non-Manufacturing PMI above expectations

The ISM Non-Manufacturing PMI for the US jumped to 58.1 in July of  from 57.1 in the previous month, beating analysts’ expectations of 55.0. ...

2:46 PM

US OPEN: Progress on stimulus negotiations lifts US stocks higher

• Progress on new coronavirus relief package • U.S and China will discuss trade agreement on August 15th • Disney (DIS.US)...

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1:20 PM

BREAKING: ADP report misses estimates, US500 pulls back

ADP employment report for July was released at 1:15 pm BST and was expected to show an addition of 1.2 million jobs. However, the report showed a gain...

1:02 PM

Nikola posts big quarterly loss

Nikola (NKLA.US)—  stock plunged over 15% in pre-market trading after the company posted weaker than expected quarterly results. The hybrid...

12:46 PM

OIL up 3.5%, highest since March

Oil prices are moving sharply up today for both Brent (OIL) and WTI (OIL.WTI) after yesterday’s API report showed major decline in inventories. Using...

12:25 PM

Top three charts of the week: GOLD, DE30, OIL.WTI

GOLD Precious metals continue to rally. Gold price surged above $2,000 yesterday, and the upward move is being continued today. Looking at the chart...

11:47 AM

Trade of the day – DE30

Summary: Positive sentiment on the stock market Significant divergence with the US market Seasonality indicates another wave of gains Trade:...

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11:28 AM

Coronavirus: market update

• The number of new coronavirus cases has risen again after few days of declines. The three most infected countries - USA, Brazil and Russia...

10:41 AM

DE30: Earnings from Allianz, BMW and Deutsche Post

European stock markets add to previous gains DE30 paints a double top in the 12,750 pts area Allianz, BMW and Deutsche Post reported...

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8:03 AM

Economic calendar: All eyes on ADP report

European stocks launched the session higher ADP report expected to show employment gain ISM non-manufacturing seen dropping in July Upbeat...

7:47 AM

3 records on Wednesday

Markets are once again playing down issues like coronavirus pandemic or rising US-China tensions as earnings season shows Q2 wasn't as bad as feared....

6:44 AM

Morning wrap

US indices finished yesterday's session with small gains. S&P 500 added 0.36%, Nasdaq gained 0.35% and Dow Jones jumped 0.62% Stocks...

6:42 PM

Daily summary: Global stocks mixed as focus turns to stimulus talks

• Mixed quarterly results from Europe • Stimulus worries weigh on market sentiment • Gold above $2000 per ounce European...

5:46 PM

Gold hits $2000 for the first time ever

Spot gold continued to rise and surpassed the historic level of $2,000. Gold rally could continue especially if there is another round of QE from the US...

4:39 PM

USDJPY - recommendation from TD BANK

TD BANK issued a recommendation for the USDJPY currency pair.   The Bank recommends taking a short position on the pair with following levels: Entry(market):105.92 Target:104.00 Stop:...

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3:55 PM

Coronavirus: market update

• Pandemic is accelerating the fastest in the United States and Latin America however situation is getting worse in Europe as many countries...

2:57 PM

US OPEN: Wall Street mixed as stimulus talks continue

• Tiktok-Microsoft deal increases tensions between the US and China •  Investors await stimulus talk outcome • Walt...

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1:39 PM

EURCHF - recommendation from Nordea

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

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