Market news

3:48 PM

US OPEN: Wall Street little changed ahead of second day of Powell testimony

US indices launched today's cash trading in mixed moods ADP well above expectations Second day of Powell's testimony Tesla...

2:16 PM

BREAKING: USD strengthens after upbeat ADP data

ADP employment report for February was released today at 1:15 pm GMT. As a final hint ahead of the NFP release this Friday (1:30 pm GMT), the report was...

1:52 PM

Trade of the day – Palladium (08.03.2023)

Facts: The palladium market has experienced heavy selling from the beginning of the year More and more manufacturers are focusing on electric cars...

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1:37 PM

DE30: DAX gains ahead of U.S. ADP report

ndices on the Old Continent post slight rallies  Investor attention focused on ADP report Brenntag announces stock buyback of...

12:50 PM

🔼US500 tests 4,000 pts area ahead of ADP data

Wall Street indices took a hit yesterday after Powell struck a hawkish note during semi-annual hearings before the Senate Banking Committee. Fed Chair...

10:17 AM

Chart of the day - USDCAD (08.03.2023)

USDCAD is one of the pairs that will be on watch this afternoon. There is a number of events scheduled that could move the pair. ADP employment report...

8:44 AM

Economic calendar: Bank of Canada decision, second day of Powell's testimony

European indices expected to open slightly lower Bank of Canada rate decision, second day of Powell's testimony ADP report expected...

8:03 AM

BREAKING: EUR muted after mixed German data

German industrial production data and retail sales data for January was released today at 7:00 am GMT. Data came in mixed with industrial production beating...

7:46 AM

Morning wrap (08.03.2023)

US indices finished yesterday's trading significantly lower following a hawkish testimony from Fed Chair Powell. Powell hinted that Fed is ready...

8:03 PM

Daily summary: Powell sparks selloff across riskier assets

Global indices fell sharply on Tuesday, with DAX down 0.6%, Dow Jones is trading 1.4% lower, after Fed Chair Powell during his testimony in front of...

6:56 PM

Rivian plunges 12.0% on $1.3billion green convertible note offering

Rivian (RIVN.US) stock fell over 12.0% on Tuesday after EV producer announced plans to sell $1.3 billion of “green” convertible senior notes...

6:12 PM

BREAKING: Powell puts pressure on risky assets. Silver falls 4.0%

GBPUSD plunged below $1.19, while AUDUSD lost 1.9% as traders damped riskier assets and rushed towards greenback following Fed Chair Powell's...

5:20 PM

China indices are weakening 📉 CHNComp is losing 1,5%

Chinese indices came under pressure today. CHNComp is losing 1.5%, HKComp is trading nearly 1.5% lower. China's foreign minister indicated that...

4:33 PM

Powell's testimony - key takeaways from Q&A session

Testimony of FED chairman Jerome Powell in front of Congress has just started. Initially indices moved lower and dollar strengthened after remarks regarding...

4:06 PM

💥USD gains after Powell's initial remarks

Text of Powell's testimony has just been released and did not cause any moves on the market. Here are the key remarks from Powell: US short-term...

3:32 PM

US OPEN: Wall Street little changed ahead of Powell testimony

US indices launched today's cash trading slightly lower Powell to deliver semiannual testimony in US Congress at 3:00 pm BST Cara Therapeutics...

3:21 PM

Growth Stocks: IBM

IBM (IBM.US) needs no introduction, but just in case, it's a storied technology company known for pioneering large mainframe computing systems. But...

3:12 PM

USA likely to ban TikTok? Snap shares rise in premarket

Senator Mark Warner has conveyed that a cross-party group of 12 U.S. senators will introduce legislation today giving the U.S. Secretary of Commerce new...

2:46 PM

Commodity Wrap - Oil, Natural Gas, Gold, Cocoa (07.03.2023)

Oil: Russia exports record amounts of diesel to Brazil (oil state) Russia has also started exporting diesel to Saudi Arabia (also an oil state) There...

1:38 PM

Powell likely to caution that strong economy could lead to more rate hikes, according to WSJ

Wall Street Journal's Nick Timiraos in latest piece wrote that "Powell is likely to caution on Capitol Hill that strong economic activity this...