Market news

4:58 PM

Breaking: Oil gains over 3% as DOE shows a large drawdown

There’s been strong gains seen in the crude oil benchmarks this afternoon with both Brent (Oil on xStation) and WTI surging higher by more than 3%....

4:13 PM

Instant view: ISM Services misses forecasts but Gold dips

For the 3rd time this week a keenly viewed US data release has come in worse than expected with the ISM non-manufacturing index falling to 53.9 from 54.7....

3:34 PM

Technical alert: Gold

Key support: $1451 Key resistance:  $1481 Looking at the gold chart, the price of this precious metal struggles with the key resistance...

2:57 PM

Wall St set for green open despite awful ADP; ISM up next

Summary: US indices look to recover Boost comes from trade headlines Bad ADP miss ahead of ISM Services PMI (3PM)   There’s...

2:22 PM

BREAKING: USD sinks after poor employment data

The US dollar is trading lower against most of the G10 currencies after ADP report for November showed a 67k increase in employment. Markets expected an...

2:09 PM

Top 3 indices chart of the week

Moods on the global stock markets deteriorated this week after Donald Trump decided to reimpose tariffs on Brazilian and Argentinian steel. To make things...

10:59 AM

Pound jumps to 7-month high

Summary: GBPUSD surges up through $1.30 Tory lead holding in polls Service sector PMI improves from flash reading    The...

10:55 AM

DE30 surges and tests 13150 pts on trade headlines

European equities trade higher on optimistic trade reports DE30 tested lower limit of recently-broken consolidation range Airbus...

10:17 AM

Trade of the day – CORN

Summary: Seasonality indicates a year end rebound Disastrous harvest season for corn in the US due to tough weather conditions Next USDA report...

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10:14 AM

BREAKING: Equities jump on optimistic trade comment

Equities along with other riskier assets, like for example oil, jumped higher following an optimistic trade comment. Bloomberg said that the US and China...

9:20 AM

Australian dollar sinks on lacklustre GDP data and trade worries

Australian GDP growth slowed to 0.4% QoQ in Q3 2019 Household spending grew just 0.1% QoQ AUDUSD gives back all of yesterday’s...

8:44 AM

BREAKING: DE30 sinks on warnings from China

Equity markets keep tumbling in December after Donald Trump hinted at a protracted Trade War and today’s comments from China only add to this negative...

8:07 AM

Economic calendar: Focus on US data and BoC decision

Non-manufacturing ISM for November expected to show a decline Bank of Canada to leave rates unchanged ADP employment change report...

7:41 AM

Morning wrap

US stock market indices declined yesterday after Trump signalled he is in no hurry to sign trade deal with China. Dow Jones moved 1.01% lower while...

5:22 PM

Further declines in stocks as Gold jumps higher

Summary: US500 falls beneath 3100 as sell-off intensifies Trade concerns weigh on sentiment GBPUSD back near $1.30 USDZAR...

2:56 PM

Technical alert: GBPUSD

Key support: 1.2940 Key resistance: 1.30 GBUSD struggles with key resistance at 1.30. In case of another failure to break above, one could expect...

2:50 PM

US500 falls beneath 3100 as sell-off intensifies

Summary: More downside seen in stocks Trade concerns weigh on sentiment  US500 falls beneath 3100 handle   It’s...

2:09 PM

NZDUSD - recommendation from Morgan Stanley

Morgan Stanley issued a recommendation for the NZDUSD currency pair. The Bank recommends taking a long pending position on the pair with the following...

1:31 PM

Trade of the day: DE30

Facts:  DE30 broke below the key support at 13050 pts handle Market sentiment deteriorates on Trump’s comments Recommendation:  Trade:...

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12:44 PM

Commodity Wrap - Oil, Coffee, Corn, Gold

Oil Crude prices dropped significantly on November 29 on the back of a downbeat comments from Saudi Arabia and Russia Saudi Arabia said...