Market news

4:06 PM

Equities bleed as trade tensions intensify

The Trade War theme dominated the first trading session of the week causing equity indices to collapse all over the globe. Declines were observed during...

3:21 PM

Reports of smaller-than-expected OPEC+ output rise boost oil

Summary: OPEC+ members to meet this week Latest leaks suggest that 300-600k bpd production rise may be on cards From technical point of view Brent...

1:37 PM

AUDJPY - recommendation from Morgan Stanley

Morgan Stanley issued a recommendation for the AUDJPY currency pair. The Bank recommends taking a short position on the pair with following levels: Entry...

12:59 PM

Swedish currency languishes on political unease

Summary: Sweden’s opposition party sparks political chaos as it intends to hold anti-euro membership referendum SEK among largest losers in G10, much...

12:28 PM

AUDUSD - recommendation from Citi

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

11:24 AM

Equities’ slump deepens, oil gains momentum

Summary: Stocks slump accelerates as a EU migration deal seems to be hard to be hammered out within two weeks Swedish krona falls on risks stemming from...

10:04 AM

Bank of International Settlements issues warning on crypto

Summary: Bank of International Settlements (BIS) issues a warning suggesting cryptocurrencies are not scalable and are likely to suffer a breakdown Brazilian...

8:15 AM

7 things you need to know about elections in Turkey

Summary:   Turkey goes to polls on 24 June to elect president and parliament Next president will see his powers greatly increased Turkish lira collapsed...

7:57 AM

DE30: Equities begin lower, Merkel faces migration hurdle

Summary: European stock markets kick off the new week a bit lower following trade tensions between the two world’s largest economies Bundesbank cuts...

6:24 AM

Economic calendar: Oil could dominate this week

Summary: OPEC and non-OPEC meeting seems to be the paramount point in this week calendar Bank of England is expected to leaves rates unchanged, the outlook...

5:55 AM

Trade tensions mount as China announces its tariffs

Summary: China announces retaliatory levies on US imported goods worth roughly $34 billion starting on 6 July Stocks’ slump extends, a slight risk-off...

3:51 PM

Stocks and metals under pressure as new US tariffs unveiled

Summary: Stocks fall as US announce 25% tariffs on China  DE30 and UK100 amongst the biggest fallers Precious metals also decline; US data mixed Crypto...

2:26 PM

Surprise drop in US industrial production; Precious metals tumble 

Summary: US industrial production M/M: -0.1% vs +0.2% exp Uni Mich beats forecasts but prior revised lower Precious metals make sharp move lower The...

12:54 PM

Trump announces Chinese tariffs; Wall Street to open lower

Summary: US announce 25% tariff on $50B of Chinese imports Development another step closer to a trade war US indices lower ahead of Wall Street open;...

11:14 AM

Stocks partially erase post-EBC gains, EURUSD below 1.16 handle

Summary: European indices post declines on the final trading session of the week Monetary authorities sent EURUSD below the 1.16 handle Some US data...

10:09 AM

BoC official questions blockchain efficiency

Summary: Latest slump could have been caused by Bitcoin futures expiration ETHEREUM pulls back below the $500 handle SEC and BoC officials made interesting...

8:38 AM

DE30: Resistance smashed following ECB meeting

Summary: European stock markets begin quite positive despite a US tariffs threat DAX (DE30) smashes resistance following the ECB meeting German banks...

6:43 AM

Economic calendar: Will USD maintain this week gains?

Summary: Final inflation from the euro area should confirm a healthy bounce in May Industrial production along with consumer confidence measured by UoM...

6:01 AM

BoJ downgrades assessment for CPI, euro stays depressed

Summary: Bank of Japan leaves its monetary policy settings unchanged as per expectations, an assessment for inflation downgraded Euro keeps trading far...

3:48 PM

Stocks soar and Euro sinks as ECB announce taper plans

Summary: ECB reveal plans to taper APP by year-end; Draghi strikes dovish tones Strong selling in Euro and DE30 rallies strongly higher in reaction USD...