Market news

12:47 PM

Turkish lira pares gains as new economic plan comes out

Summary: Turkey vows to slash public spending by nearly $10 billion, GDP projections have been cut considerably as well Inflation seen...

12:26 PM

AUDUSD - recommendation from IFR

Thomson Reuters IFR issued a recommendation for AUDUSD currency pair. The agency recommends taking a long pending position on the pair with following...

11:32 AM

Bitcoin volatility creeps up ahead of SEC decision

Summary: Bitcoin saw volatile trading on Wednesday declining to above $6000 and then surging to near $6500 as a SEC verdict looms Russia...

10:20 AM

Retail sales beat; GBP remains near recent highs

Sterling continues to trade near a 2-month high against the US dollar around the $1.32 mark this morning, aided by the release of some better than expected...

10:02 AM

Norges Bank delivers expected rate hike, SNB cuts inflation forecasts

Summary: Norwegian central bank lifts interest rates as broadly expected NOK falls in the aftermath as there were hopes for another rate...

9:04 AM

DE30: Volkswagen to leave Iran amid US sanctions

Summary: Draghi urges development of the fiscal stabilization tool ahead of the next crisis DAX (DE30 on xStation5) moved over 3% higher...

8:10 AM

EURGBP - recommendation from IFR

Thomson Reuters IFR issued a recommendation for EURGBP currency pair. The agency recommends taking a short pending position on the pair with following...

7:41 AM

Economic calendar: Central banks in the spotlight

Summary: Norges Bank expect to deliver a rate hike today No change expected in SNB policy SARB could support ZAR recovery with...

7:24 AM

NZD recovers as GDP beats expectations

Summary: New Zealand Q2 GDP growth exceeds expectations boosting the NZ dollar China reportedly plans a broad import tax cut as soon...

4:48 PM

Oil gains after inventory draw; GBP seesaws on data and Brexit talk

Summary: Oil makes steady gains after another inventory draw Pound gains as inflation unexpectedly rises But then GBP falls back...

4:25 PM

Inventory draw sees Oil make steady gains

Summary: Crude Oil inventories -2.1M vs -2.7M exp; -5.3M prior Print below API (+1.3M). US production rises back to 11M bpd Oil...

2:12 PM

Commodity Wrap – Coffee, Oil, Copper, Silver

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

2:08 PM

Pound falls on Brexit reports; GBPCHF and EURGBP at key levels

Summary: GBP drops across the board around lunchtime Falls come after reports May set to reject EU’s Irish border offer Possible...

12:12 PM

TRY, ZAR gain despite a surge in the US yields

Emerging currencies are on the rise on Wednesday defying a rise in the US bond yields that could in theory spark a capital outflow from more risky markets....

11:23 AM

GBP jumps on unexpected inflation increase

Summary: UK inflation accelerated in August well above the levels expected by economists A squeeze on companies' profits lowered as...

9:49 AM

Ripple spikes, UK names crypto industry ‘wild west’

Summary: Ripple jumps substantially, a rise seems to be a delayed effect of the news about a new Ripple’s product MPs in the UK...

9:42 AM

UK inflation jumps higher; GBP/USD above $1.32

The most recent data on UK inflation has shown that price pressures rose markedly from their last release with the leading gauge remaining comfortably...

9:03 AM

DE30: German carmakers jump on strong sales figures

Summary: Senior bankers urge to complete the  European banking union DAX (DE30 on xStation5) moves higher above the resistance level...

7:45 AM

Economic calendar: GBP in the spotlight

Summary: Consumer and producer inflation gauges in the UK expected to decline Market consensus points for a drop in the oil inventories Central...

7:22 AM

Chinese remarks boost Aussie, BoJ leaves policy unchanged

Summary: China will not devalue CNY to make its exports more competitive Bank of Japan leaves policy settings unchanged A Brexit...