Market news

9:12 AM

DE30: Shares of carmakers drown as car sales slump, French PMI plummets

Summary: Bundesbank trims GDP projections for German economy for this and following year Falling car sales in Europe weighs on carmakers’...

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7:42 AM

Economic calendar: The day of PMIs

Summary: Preliminary PMIs for December to dominate early trading in Europe Many important readings from the US ECB’s speakers...

7:00 AM

Risk-on sentiment vanishes, Chinese data disappoints

Summary: Asian stocks slide along with Antipodean currencies on fading risk-on sentiment A package of Chinese data disappointed Italian...

2:33 PM

Stock of the week: Chevron

Summary: Chevron announced next year’s budget for capital projects Company to increase capex for the first time in four years Big...

2:14 PM

US jobless claims fall near record lows; Gold test prior support

Summary: US initial jobless claims: 206k vs 226k exp Metric falls close to its lowest level on record USD moving higher as Gold...

12:57 PM

Euro whipsaws on ECB rate decision

The European Central Bank decided to halt its bond buying programme this month as widely expected. At the same time, it said that reinvestment of maturing...

12:40 PM

Crunch time for German bond market as ECB winds down QE

Summary: European Central Bank is set to wind down its QE programme this year Markets see low probability for any deposit rate hikes...

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11:38 AM

Pound pauses as May seeks assurances from Brussels

After surviving a vote of no confidence, albeit in a manner that wasn’t as convincing as she would have hoped, UK PM Theresa May is now turning her...

11:30 AM

Central bank decisions - SNB, Norges Bank, CBRT

Summary: SNB cuts inflation projections Norges Bank points to a rate hike in March CBRT leaves policy settings unchanged Over...

10:15 AM

ECB preview from 8 major banks

The ECB rate decision (12:45 GMT) and Draghi press conference (1:30 GMT) are the main event today with the central bank widely expected to confirm the...

10:07 AM

Trade of the day: DE30

Summary: DE30 returned to the previous support - 11000 points German index failed to brake the 38,2% fibo retracement of previous downward move Trade...

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9:58 AM

Allianz GIobal Investors CEO criticizes virtual currencies

Summary: Allianz GI CEO: Cryptocurrencies should be outlawed “What is Bitcoin?” among top Google questions in 2018 Dash...

9:11 AM

DE30: European stocks mixed ahead of ECB decision

Summary: EU summit starting today, Brexit among topics on the agenda DAX (DE30 on xStation5) pulls back from the 11000 pts handle German...

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7:58 AM

Economic calendar: Focus on central banks

Summary: SNB expected to stay on hold and leave rates unchanged ECB and Norges Bank may give hints on the future monetary policy TRY...

6:57 AM

Theresa May survives confidence vote

Summary: PM Theresa May won the confidence vote and secured her leadership Equities in the US and Asia rise China begins buying...

5:35 PM

Stocks rally as sentiment improves; GBP gains ahead of key May vote

Summary: Large gains seen in stock indices with US500 and DE30 hitting weekly highs UK PM May to contest leadership challenge USD...

5:17 PM

Oil mixed after smaller than expected inventory draw

Summary: DOE crude Oil inventories: -1.2M vs -3.5M exp Drawdown far smaller than prior (-7.3M) and API (-10.2M) Oil markets are...

2:08 PM

USD pulls back as inflation meets forecasts

Summary: US CPI Y/Y: +2.2% vs +2.2% exp USD pulls back from near the 2018 high USDCAD remains close to potential resistance at...

1:48 PM

UAE and Saudi Arabia to launch cross-border digital currency

Summary: CFTC wants to know more about Ethereum UAE and Saudi Arabia to launch cross-border cryptocurrency Cryptocurrency market...

1:38 PM

Commodity Wrap - Copper, Soybean, Oil, Gold

In this week’s commodity wrap we present you 4 markets that look interesting or/and have posted some major price moves: Copper, Soybean, Oil and...

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