Market news

1:37 PM

Instant view: US dollar slightly higher after inflation data

Summary: US headline inflation for June meets expectations Core prices rise somewhat more than forecast The greenback benefits from the data,...

12:50 PM

Commodity wrap - Platinum, Coffee, Corn, Oil

Platinum: A gargantuan increase in investment demand in the first quarter of the year, mainly from ETF funds A quarterly balance was -550k...

11:41 AM

Oil hits 6-week high as Gulf tensions rise

Summary: Brent Oil above $67 as Iranian ships approach UK vessels  Market builds on yesterday’s gains Parity warning...

9:38 AM

DE30: Gerresheimer surges after earnings release

Summary: - German DAX underperforms other indices from the Western Europe - Downward momentum on DE30 eases after reaching the support zone - Gerresheimer...

8:52 AM

Trade of the day: DE30

Summary: - DAX halted pullback at the support zone - Uptrend structure intact - Dovishness of central banks supports equities Trade: Long DE30 at...

Open an account or log in to receive full access to the news section.

Web app

Create account Download the app Download the app

7:23 AM

Economic calendar: ECB minutes, US inflation and a lot of Fed speakers

Summary: - ECB to publish minutes today, WASDE report release in the afternoon - Second day of Powell’s congressional testimonies - US CPI inflation...

7:02 AM

FOMC minutes cement July rate cut expectations

Summary: The account of the latest Fed meeting has cemented expectations regarding a rate cut later this month Japanese yen strengthens, the US...

4:35 PM

US stocks hit record highs after dovish Powell; Oil gains on big inventory draw

Summary: Powell reaffirms dovish message on Capitol Hill S&P500 hits new record high; Gold jumps as USD slides DE30: Infineon...

4:13 PM

Oil extends gains after large inventory draw

Summary: Crude oil inventories: -9.5M vs -1.9M exp. -1.1M prior Comparable drop to last night’s API reading Oil (+2.3%)...

2:32 PM

Technical analysis: CHFPLN

Summary: CHFPLN is trading within a wide consolidation range Daily chart hints at buyers being in favor Intraday traders should pay attention...

2:06 PM

Stocks jump as Powell reaffirms dovish stance

Summary: Equities receive boost from Fed chair Powell strongly hints at imminent rate cuts S&P500 back at 2995; turns green...

1:50 PM

Dollar is lower after Powell testimony

Powell’s comments from testimony weaken the US dollar ahead of another important monetary event – FOMC minutes. Powell says that uncertainties...

12:34 PM

Trade of the day – EURGBP

Summary: Upward pressure on the pair is slowing Solid data from the British economy There is a possibility of further massive QE from the ECB Trade:...

Open an account or log in to receive full access to the news section.

Web app

Create account Download the app Download the app

10:33 AM

Market alert: Will US earnings season support Wall Street?

The US Q2 earnings season will kick off at the beginning of the next week. One may expect that not only reported earnings will matter for stocks’...

10:06 AM

UK set for economic contraction despite monthly GDP recovery in May

Summary: UK GDP M/M: +0.3% vs +0.3% exp. -0.4% prior Industrial and manufacturing production both recover GBPUSD seeks to move...

9:40 AM

DE30: Infineon jumps on attempt to block merger with Cypress

Summary: - Fresenius Medical Care (FME.DE) tries to recoup some of yesterday’s losses - DAX (DE30) plunges below the breakout level - Cypress...

7:33 AM

Economic calendar: Focus on FOMC minutes and Powell testimony

Summary: - Bank of Canada expected to leave rates unchanged today - Powell to testify in the House of Representatives - FOMC minutes to be released...

7:06 AM

Markets unfazed after US and Chinese officials phone call

Summary: US and Chinese trade negotiators had a phone call on Tuesday, the White House informed Chinese consumer inflation remains unchanged in...

4:43 PM

Equities bounce from early weakness; GBP falls close to 2019 low

Summary: Equities recover from start of US session S&P500 remains in breakout territory BASF plunges on profit warning  GBP...

2:10 PM

Stocks drift further ahead of US session

Summary: US indices trading lower for 2nd day running S&P500 back towards breakout level (2958) Kudlow/Powell speeches deliver...