Market news

2:07 PM

Commodity wrap - Oil, gold, coffee, corn (16/06/20)

Oil: After 7 weeks, we have the first week of declines in the oil market The decline occurred after the OPEC + group reached agreement (extension...

1:35 PM

BREAKING: US retail sales recover from April's slump

US retail sales data for May has been just released. Headline reading showed 17.7% MoM advance against expected 8.4% MoM increase (-14.7% MoM in April)....

1:01 PM

Technical alert: US500

Global stock markets launched the week lower but moods quickly began to improve. US indices managed to recover from losses and closed higher on Monday.  Looking...

11:42 AM

DE30: Rally resumes after Fed action and stimulus rumours

Stocks jump on Fed actions and stimulus rumours DE30 nears 200-hour moving average TUI (TUI.DE) surges on 2020 summer plans European...

11:15 AM

Coronavirus: market update

• The total number of confirmed coronavirus cases surpassed 8.13 million of which more than 439 000 died and over 4.24 million recovered. •...

9:55 AM

Trade of the day – USDIDX

Facts: Fed to begin outright bond purchases USD now at pre-pandemic levels USDIDX defends the support 96 level Recommendation: USDIDX long at...

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7:39 AM

Economic calendar: Powell and US retail sales

European stock futures surge ahead of cash session open Powell starts 2-day testimony on Capitol Hill US retail sales seen rebounding...

6:33 AM

Morning wrap

US indices recovered from yesterday's declines and closed higher. S&P 500 added 0.83%, Nasdaq jumped 1.43% and Dow gained 0.62%.  Moods...

6:10 PM

Daily summary: Global equity markets start the week on sour note

• Growing concerns regarding second wave of coronavirus infections • Oil remains volatile amid demand concerns • Britain...

3:49 PM

How deep will the oil market correction go?

Crude oil has seen its first weekly decline in almost two months. Earlier, the price of crude oil rebounded in the hope of revival in demand and a strong...

2:49 PM

US OPEN: Bears in control at Wall Street

• US stocks start the week lower • Number of new coronavirus cases is increasing worldwide • Moderna (MRNA.US) shares rose...

1:32 PM

EURGBP - recommendation from Nomura

Nomura issued a recommendation for the EURGBP currency pair. Financial services company recommends taking a long position on the pair with the following...

1:31 PM

Tesla stock continues to decline

Tesla (TSLA.US) shares were down more than 3% in Monday’s premarket after falling on Friday by nearly 4% to $935.28 following analyst downgrades...

11:36 AM

Coronavirus: market update

• The total number of confirmed coronavirus cases surpassed 8.01 million of which more than 436 000 died and over 4.1 million recovered.   • US...

10:48 AM

Trade of the day: Silver

Facts: The precious metal bounced off the key support near $17 Mid-term trend is upward Recommendation:  Trade: Long position on Silver...

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10:18 AM

DE30: European stocks sink as Covid-19 cases pick-up

Equities slide on second Covid-19 wave concerns DE30 tried to climb back above 11,800 pts after early plunge Deutsche Boerse (DB1.DE)...

8:22 AM

Technical alert: DE30

European indices launched the week with big bearish price gaps. Looking at the German DAX, one can see that the price broke below the key support marked...

7:26 AM

Economic calendar: Virus data triggers nervousness

Equities drop as Covid-19 cases pick-up Boris Johnson may hold a video call with von der Leyen No major releases scheduled for today Monday...

6:23 AM

Morning wrap

Global equity markets started the week lower. Nikkei, S&P/ASX 200, Kospi and Chinese indices all trade lower. DAX futures point to a moderate...

5:37 PM

Daily summary: Global stocks rebound after yesterday’s market crash

Global equities rally following a rapid market crash British economy shrinks 20.4% MoM! China is set to release some crucial reports...