Market news

11:48 AM

Technical overview: DAX

Summary: - DAX (DE30) pulls back after reaching 200-week moving average and the 61.8% Fibo level - The German index trades within an uptrend channel -...

9:52 AM

DE30: European stocks decline on rising trade fears

Summary: European equity markets begin the new week with substantial declines following a tweet from Donald Trump DAX (DE30) breaks below its short-term...

9:14 AM

Trade of the day – USDSEK

USDSEK at a technical resistance European weakness already discounted US economy about to slow Trade: USDSEK sell at market Stop loss: 9.89 Take...

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7:46 AM

Economic calendar: Final services PMIs and retail sales from EMU

Summary: Final services PMIs from European economies Retail sales for March from the Eurozone economy Some central bankers on the agenda during...

7:02 AM

Risk-off comes back as Trump escalates trade war

Summary: US President Donald Trump signals tariffs will be increased soon China mulls over canceling trade negotiations scheduled to take place...

4:40 PM

Stocks gain, USD drops as NFP smashes forecasts but ISM disappoints

Summary: Stocks rally as NFP smashes forecasts; 263k vs 191k exp Unemployment rate 3.6% - lowest level since 1969 DE30: Adidads...

3:49 PM

US stocks remain near daily highs despite ISM miss

Summary: US stocks begin higher after strong NFP beat Another soft ISM read does little to curb enthusiasm Warren Buffet buys...

2:07 PM

Macroeconomic update: Fed stays patient while BoE turns hawkish

Summary: - NFP report boosts stocks and depresses USD - Solid economic data from euro area and the United Kingdom - Chinese manufacturing PMI stayed...

1:42 PM

Instant view: USD under pressure as wage growth disappoints

Summary: - The US employment increased by 263k - Wage growth stalls at 3.2% YoY - US500 moves slightly higher, EURUSD erases part of a drop The NFP...

12:26 PM

EURUSD trades below 1.1150 handle ahead of NFP report

The main currency pair is trading lower today in spite of an upbeat inflation reading from the euro area. Investors’ focus now shifts to the US labour...

10:25 AM

UK service sector recovers but growth still slow

Summary: UK Services PMI 50.4 vs 50.3 exp and 48.9 prior GBP on course for solid weekly gain FTSE recovers but is it time to Sell in May? For...

10:02 AM

Technical overview: GOLD

Summary: - GOLD keeps trading within a long-term consolidation range - Price looms break from wedge pattern on D1 interval - Downward channel spotted...

9:17 AM

DE30: Adidas skyrockets after earnings release

Summary: - Adidas (ADS.DE) surges on strong sales growth in China - DE30 keeps struggling near the 12400 pts handle - BASF (BAS.DE) expects full-year...

8:24 AM

Trade of the day: FRA40

Summary: - French blue chips index CAC 40 (FRA40) gained over 20% since December’s trough - Index barely reacted to weak data - Price struggles...

7:51 AM

Economic calendar: NFP day

Summary: - UK services PMI expected to climb back above 50 pts threshold - Strong EU inflation print may be looming - NFP forecasted to show wage growth...

7:06 AM

Another major sell-off hits oil market

Summary: - Another piece of weak data from the Australian housing market - Number of factors pressure oil prices - Key EU politician sees Jens...

4:34 PM

US stocks pullback to prior support; GBP slides after BoE

Summary: S&P500 revisits key support region Tesla jumps as capital raising measures announced DE30: Carmakers move higher...

3:36 PM

S&P revisits key support; Tesla jumps 5%

Summary: S&P500 retests key 2914-2921 support region US stocks reacted negatively to the Fed Tesla jumps over 5% as it raises...

1:54 PM

BoE keep rates on hold; GBP slides lower

Summary: BoE keeps votes unanimously to keep rates unchanged GDP revised higher but CPI for 2020 sees sizable cut Muted market reaction but GBPUSD...

1:20 PM

AUDCAD - recommendation from ANZ

ANZ issued a recommendation for the AUDCAD currency pair. The Bank recommends taking a short position on the pair with following levels: Entry (Market):...