Market news

5:24 AM

Morning wrap

US indices plunged on Wednesday with Dow Jones losing as much as 1.9%, SP500 fell 1.8% and NASDAQ declined 1.6%; bearish sentiment prevails also...

4:46 PM

Panic on the stock market

Since the beginning of the session there has been a negative sentiment on the stock market, with every hour the falls are getting deeper and deeper. The...

3:45 PM

Stocks and USD continue to decline with ADP offering little help

Summary: Stocks swoon further with US500 <2900 Dollar also declines with ADP fairly weak Gold pushes back above the $1500/oz...

3:38 PM

Trade of the day: AUDUSD

Facts: Potential double bottom pattern can be spotted on the chart AUDUSD rebounds off the key support zone Recommendation:  Trade:...

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2:44 PM

Markets await crucial US jobs report

The monthly US jobs report is often one of the biggest events for markets, but the upcoming data for September (released Friday 1:30PM BST) has taken on...

12:33 PM

Top three charts of the week: GBPUSD, CHFPLN, US30

Summary: Local double top formation can be spotted on CHFPLN chart Declines on stock markets deepen GBPUSD failed to break above the 1.2550 handle Let’s...

12:20 PM

Instant view: Dollar little lower on US private jobs report

Summary: The US economy adds as many as 135k new jobs in September US dollar trades slightly lower against JPY The US economy added as many...

11:25 AM

Little market reaction to key UK PM speech

Summary:  Boris Johnson delivers Tory party address Little further detail on Brexit proposals announced GBP remains mixed...

10:23 AM

Technical alert: Gold

Contradictory signals on the gold market Head and shoulders formation can be spotted on the chart The buyers entered the market at...

7:45 AM

DE30 paints fresh weekly low as investors fear US recession

Global stock markets plummet in response to disappointing ISM reading DE30 tests the lower limit of the Overbalance structure Covestro...

6:01 AM

Economic calendar: ADP report and Polish rate decision

UK construction PMI expected to remain deep in contraction territory ADP to release employment report in the early afternoon National...

5:55 AM

Johnson to issue ultimatum to EU on Wednesday

Summary: Boris Johnson is expected to put a proposal to the EU later today The EU denies it is ready to for any concessions on Irish backstop GBP...

5:16 AM

Morning wrap

US indices saw widespread declines on Tuesday following a grim manufacturing ISM reading; Dow Jones declined 1.3%, SP500 fell 1.2% and NASDAQ dived...

4:27 PM

Breaking news: EU ready to consider limit on Irish Brexit backstop

According to the people familiar with the matter, EU sees possible concessions if UK accepts backstop. GBPUSD spikes to the highest today after release...

3:48 PM

Markets rocked as ISM manufacturing drops to decade low

Summary: ISM manufacturing PMI: 47.8 vs 50.4 exp. 49.12 prior Stocks swoon, USD pulls back, Gold spikes Improvement in UK data...

2:07 PM

Instant View: US ISM dives deeper into contraction

The US economy has been perceived as resistant to global slowdown. The latest  ISM does not fit into that narrative though – a drop to 47.8...

1:26 PM

US dollar gains ahead of the key data

Weak global data and RBA interest rate cut are weighing on currencies today leaving the US dollar to bear the brunt of adjustment. Indeed the AUDUSD is...

12:58 PM

Commodity Wrap - Oil, Gold, Cocoa, Coffee

Oil Crude oil stockpiles sit near the seasonal low, what could exert some selling pressure on oil market Crude price sits below the 5-year...

12:53 PM

Wall St. to start little changed ahead of ISM data

Summary: US indices consolidate after strong weekly start S&P500 attempting to break out of falling channel Focus on ISM manufacturing...

12:00 PM

Technical alert: Silver

Silver declined significantly over the past few sessions Broad zigzag correction could be on the cards Precious metals experienced...