Market news

11:09 AM

American Express focuses on blockchain

Summary: Major cryptocurrencies are slightly going up American Express (AXP.US) appreciates a blockchain technology Bitcoin (BITCOIN on xStation5) is...

10:23 AM

Outlook for soybean keeps looking dismally

Summary: US Department of Agriculture slashes its soybean exports projection for the 2018/2019 season It projects a record level of soybean ending stocks...

9:11 AM

DE30: Le Maire warns the United States

Summary: European indices push higher on the Friday morning DAX (DE30 on xStation5) eyes a test of the resistance level at 12600 pts Fresenius (FRE.DE)...

7:24 AM

Economic calendar: US earnings season kicks off today!

Summary: UoM consumer sentiment expected to decline slightly Fed to release its monetary policy report to Congress Major US banks will report its...

7:06 AM

Chinese trade surplus swells, GBP nudges lower

Summary: Chinese trade surplus with the US increases substantially in June handing Donald Trump fresh reasons to push ahead PBoC does not tinker a yuan...

4:49 PM

Equities move higher; USD dips as US CPI meets expectations

Summary: Stock indices move higher after slow start USD pulls back as CPI comes in inline  TRY looks to recover from record lows Bearish forecasts for...

3:47 PM

TRY looks to bounce from record lows

Summary: Turkish Lira gaining more than 1% against USD and EUR New Turkish fin min promises to bring down soaring inflation Moody’s highlights investor...

2:07 PM

US CPI meets expectations; Gold near prior support region

Summary: US CPI Y/Y: +2.9% vs 2.9% exp ECB minutes contain few surprises  Gold revisits long term support level from 1235-1245 The release this afternoon...

12:18 PM

Equities catch a breath, focus shifts to the US inflation data

Summary: European equities trade subtly higher on Thursday Wall Street futures point for a higher opening in the US ECB minutes and US inflation...

11:03 AM

Stiglitz forecasts’ bode not well for cryptocurrencies

Summary: A majority of Canadians are aware of Bitcoin’s existence Joseph Stiglitz, a Nobel Prize winner, criticizes virtual currencies again Opera browser...

9:51 AM

SEK slightly lower following CPI, Riksbank minutes

Summary: Swedish inflation more or less matches expectations in June Riksbank minutes confirm the bank remains on track to hike later this year EURSEK...

9:49 AM

USDJPY - recommendation from UOB

UOB issued a recommendation for the USDJPY currency pair. The Bank recommends taking a long position on the pair with following levels: Entry (Market):...

9:17 AM

DE30: Sluggish start of the European session

Summary: Trump bashes Germany during NATO summit DAX (DE30 on xStation5) tries to climb back above the 12450 pts handle Thyssenkrupp (TKA.DE) gets...

8:57 AM

EURGBP - recommendation from Credit Suisse

Credit Suisse issued a recommendation for the EURGBP currency pair. The Bank recommends taking a short pending position on the pair with following levels: Entry...

7:48 AM

Economic calendar: Minutes and inflation

Summary: ECB and Riksbank to publish minutes from the latest meetings Swedish inflation expected to move further above Riksbank’s target Consensus...

7:11 AM

Asian stocks bounce back, PBoC devalues yuan

Summary: Asian equities bounce back led by Chinese indices following a bleak session on Wednesday PBoC devalues the onshore yuan substantially in a possible...

4:21 PM

Stocks decline on trade tensions; BOC hikes rates

Summary: Equities decline as US impost further trade tariffs on China Will corporate earnings overshadow trade worries? BOC hike rates as expected US...

4:03 PM

Huge DOE draw but Oil fails to rally

Summary: DOE inventories: -12.6M vs -4.1M exp Last night’s API: -6.8M Oil spikes higher in volatile trade The latest crude oil inventory numbers from...

3:27 PM

BOC hike as expected; USDCAD dips below 1.31

Summary: BOC hike overnight rate by 25 bp to 1.5% Hawkish statement also boosts CAD USDCAD falls below 1.31 As was widely expected the Bank of Canada...

2:13 PM

US inflation rises faster than forecast but EURUSD pops on ECB remarks

Summary: US PPI Y/Y: +3.4% vs +3.1% exp; close to 7-year high USD higher on the day but EURUSD attempts to bounce on ECB comments Tomorrow’s US CPI data...