Market news

2:09 PM

Stock Market Comment: Big Tech and coronavirus

Big Tech companies were drivers of US stock market rally in 2019 Coronavirus outbreak hits supply chains Mass cancellation of tech...

1:22 PM

AUDUSD - recommendation from Societe Generale

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

12:19 PM

BREAKING: OPEC ministers agree to 1.5 mb output cut

According to latest reports, OPEC delegates agreed to cut output by an additional 1.5 million barrels per day. Oil price jumped on the news and Brent tested...

12:00 PM

BREAKING: HSBC evacuates London trading floor on coronavirus concerns

According to a Bloomberg report, HSBC evacuated its research department and part of the trading floor in the London office amid growing concerns over the...

11:23 AM

Market Alert: Can the Fed save the bull market?

Markets love monetary easing. There’s a broad consensus that a 11-year old bull market on Wall Street has been greatly supported by the Fed’s...

10:45 AM

DE30: Continental slumps 10% after disappointing guidance

European markets give up early gains Barnier to brief investors on EU-UK trade talks progress Merck (MRK.DE) sees limited impact...

9:33 AM

Trade of the day - AUDJPY

Number of coronavirus cases and deaths in the United States keeps growing AUDJPY recovered on recent sentiment improvement Pair remains...

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8:07 AM

Economic calendar: Oil traders wait for OPEC decision

OPEC meeting in Vienna BoE and BoC Governors scheduled to speak US hard data for January OPEC meeting Group of major oil...

7:35 AM

Morning wrap

US indices finished yesterday’s session with massive gains after the Bank of Canada rate cut raised hopes of coordinated monetary policy action....

6:25 PM

Daily summary: Another Central Bank cuts rates

Daily summary: Another rebound on the markets Positive data from the US economy BOC cut rates by 50bp Super Tuesday’s results helped US...

4:08 PM

BREAKING: Canadian Dollar Tumbles as BOC cuts rates! US PMI better then expected

BOC followed into Fed’s footsteps and cut interest rates by 50 bps, a move that was 50% expected by the markets. Canadian central bank decided to...

3:08 PM

US OPEN: Wall Street set to open higher after Super Tuesday

·         US Indices rise after Joe Biden won Democratic primaries in 9 states ·        Centene...

2:20 PM

BREAKING: ADP data beats expectations

ADP Non-Farm Employment Change data for February showed 183k increase - slightly above market expectations (est. 170k). The previous month’s release...

2:00 PM

European equities hold onto gains ahead of finance ministers call

European stock markets are enjoying strong gains today with DAX testing 12,200 pts handle at press time (+1.75%). Investors are waiting for the EU finance...

1:25 PM

Trade of the day – EURUSD

Summary: The dollar has little changed after Fed decided to cut interest rates by 50 pb The move from the Fed was priced in the dollar. Another...

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12:40 PM

Top three charts of the week: EURUSD, DE30, US500

Markets were caught off guard by an unexpected Fed rate cut yesterday. The Federal Reserve reduced interest rates by 50 basis points, which triggered a...

11:36 AM

GBPJPY - recommendation from MUFG

Mitsubishi UFJ Financial Group issued a recommendation for the GBPJPY currency pair. The Group recommends taking a short pending position on the pair...

10:30 AM

DE30: European indices rise ahead of finance ministers call

European markets launched today’s session mixed but attempt to push higher DE30 tests swing level at 12090 pts Carmakers dropped...

8:15 AM

Economic calendar: Bank of Canada decision and US data in the spotlight

Bank of Canada expected to cut rates Market forecasts small drop in ISM non-manufacturing Incoming BoE Governor to speak in Parliament 8:55...

7:37 AM

Morning wrap

The Federal Reserve unexpectedly cut interest rates by 50 basis points yesterday. The move caused Wall Street indices to surge but those gains were...