Market news

12:39 PM

EUR ticks higher after ECB minutes

Account from ECB's May 3-4, 2023 meeting were released today at 12:30 pm BST. ECB delivered a 25 basis point rate hike at that meeting but the document...

10:47 AM

BREAKING: Lagarde in favor of continuing the hike cycle!

President Lagarde of the ECB has communicated that the ECB still needs to continue with the interest rate hike cycle. The ECB is not yet satisfied with...

10:09 AM

¡Nvidia reaches the 1$ Trillion club!

Nvidia (NVDA.US) joins a select group of companies reaching a trillion dollar valuation. The company founded exactly 30 years ago, in Santa Clara (California)...

10:01 AM

BREAKING: EUR ticks lower after European CPI data

Euro area flash CPI inflation data for May was released today at 10:00 am BST. Data was expected to come in lower compared to April. Those expectations...

9:21 AM

Chart of the day - GOLD (01.06.2023)

Gold prices experienced some interesting price moves yesterday. The moves were interesting as they stood in contrast to what incoming data implied in terms...

9:01 AM

Markets ignore final manufacturing PMIs from Europe

Final manufacturing PMIs from euro area countries were released this morning. Reports showed small deviation from expectations and preliminary values and,...

7:46 AM

Economic calendar: ADP report and European CPI in the spotlight

European indices set to open higher EUR traders wait for EMU CPI data and ECB minutes ADP jobs report for May in the early afternoon European...

6:38 AM

Morning wrap (01.06.2023)

Wall Street indices finished yesterday's trading lower but off the session lows. Dow Jones dropped 0.4%, S&P 500 and Nasdaq traded 0.6% lower...

6:56 PM

Daily summary: Markets swing on hawkish JOLTS and dovish Fed speak

Wall Street indices trade lower today with Dow Jones dropping 0.5%, S&P 500 trading 0.4% lower and Nasdaq pulling back 0.3%. Small-cap Russell 2000...

6:12 PM

A technical look at EURGBP

EUR is one of the worst performing G10 currencies today. A streak of lower-than-expected flash CPI report for May from European countries released yesterday...

5:25 PM

EURUSD - recommendation from Credit Suisse (31.05.2023)

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

4:28 PM

US indices pull back as Fed rate hike odds rise

US indices are pulling back today with the move lower accelerating after US job openings  (JOLTS) data for April. Data showed an unexpected increase...

4:09 PM

C3.ai will post earnings after the session 📊 Will AI boost it business?

C3.ai (AI.US) is one of the companies that has gained most strongly on the wave of growing interest in artificial intelligence. Compared to Nvidia or Microsoft,...

4:04 PM

Oil recovers from earlier declines

Oil prices have made an almost complete U-turn, recovering the majority of losses made earlier today. While there was no specific news driving the rebound,...

3:44 PM

BREAKING: Binance layoffs put pressure on Binancecoin

The Block reported that Binance has laid off some employees who did not fit Binance's corporate culture and were inefficient. However, the cryptocurrency...

3:04 PM

BREAKING: Le dollar bondit suite au rapport JOLTS

Le rapport sur les offres d'emploi aux États-Unis pour avril (JOLTS) a été publié à 16h00 et a montré un...

2:52 PM

US OPEN: Wall Street trims part of recent gains

Wall Street opens lower, Russell 2000 leads drop US debt ceiling agreement expected to pass into law today Advance Auto Parts slumps 30% after earnings...

1:46 PM

⛽ Oil drops 3% to 2-month lows

Media reports surfaced pointing to misunderstanding within OPEC+ cartel. More precisely, misunderstandings between Saudi Arabia and Russia. Nevertheless,...

1:32 PM

BREAKING: USDCAD dips after Canadian GDP beat

USDCAD pulled back following the release of Canadian GDP data for Q1 2023 at 1:30 pm BST today. Report showed annualized growth of 3.1% in Q1 2023 while...

1:01 PM

BREAKING: EUR muted after German CPI data

German CPI report for May was released today at 1:00 pm BST. A slew of state-level report released earlier today suggested that reading for the whole of...