Market news

7:43 AM

Economic calendar: BoE rate decision in the spotlight

European markets set for higher opening Bank of England expected to deliver 25 bp rate hike Earnings from Nikola and Virgin Galactic Futures...

6:46 AM

Morning wrap (05.05.2022)

FOMC delivered a 50 basis point rate hike and announced the beginning of quantitative tightening in June at a pace of $47.5 billion per month. Pace...

8:06 PM

Daily summary: 50 bp rate hike from Fed, EU embargo on Russian oil looming large

Fed delivers first 50 basis point rate hike in 22 years QT to begin in June at pace of $47.5 billion per month Fed is not actively...

8:01 PM

Key takeaways from Powell's presser

Fed is aware that inflation is much too high and causes hardships Covid lockdowns in China can add to supply chain issue Impact of...

7:05 PM

BREAKING: USD drops after Fed delivers 50 bp rate hike

A long-awaited FOMC decision has been just announced. In-line with market expectations, the US central bank decided to deliver the first 50 basis point...

6:09 PM

💲 USD drops ahead of FOMC decision

The US dollar is trading lower against the majority of G10 peers less than an hour ahead of the key FOMC decision (7:00 pm BST). Market consensus calls...

5:33 PM

Uber drops to near-record lows after Q1 results

Uber Technologies shares are losing ground today despite the release of solid earnings. Company is still recovering from the coronavirus pandemic that...

4:50 PM

AMD shares trim post-earnings spike

Advanced Micro devices trades higher after Q1 earnings Much of the initial gain erased already Revenue jumped 71% YoY in Q1 2022,...

3:33 PM

BREAKING: Oil dips as DOE report shows inventory build

Eyes of oil traders are turned to Europe today as the European Union debates over the shape of the looming embargo on Russian oil. This is a major medium-...

3:03 PM

BREAKING: USD gains slightly in spite of services ISM miss

While today is all about the FOMC decision in the evening (7:00 pm BST), it does not mean that the US economic calendar for the earlier part of the day...

2:36 PM

US OPEN: Wall Street indices trade flat ahead of FOMC decision

Wall Street indices launched cash session mixed Moderna triples vaccine sales in Q1 2022 Tesla plans to set up second factory in...

1:17 PM

BREAKING: EURUSD muted to big ADP miss

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

12:34 PM

Lyft craters in premarket after Q1 results

Lyft plunges 25% in premarket trading Unexpected Q1 profit not enough to appease investors Number of active riders disappoints Company...

11:39 AM

📢Fed will raise rates hard!

The Fed will raise interest rates by 50 basis points Further communication will be crucial when it comes to overbought dollar, oversold gold and US...

10:38 AM

DE30: European shares slump as EU plans ban on Russian oil

European indices trade lower EU implements ban on Russian oil Siemens Healthineers (SHL.DE) raised its targets for the 2022  European...

10:27 AM

Trade idea - EURSEK (04.05.2022)

Facts: Riksbank announces further interest rate hikes The upward price trend from 2012-2020 has been broken Stability of the Swedish economy...

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10:17 AM

Oil gains after proposal for EU embargo on Russian supplies

Oil prices are trading more than 2.5 percent higher today following the European Union's proposal for a conditional embargo on Russian oil and refined...

8:59 AM

Chart of the day - AUDUSD (04.05.2022)

The AUDUSD pair rebounded yesterday after the Reserve Bank of Australia lifted its official cash rate for the first time in more than a decade in response...

7:50 AM

Economic calendar: Fed decision in focus

European markets set to open lower Fed policy decision in the evening ADP report on employment change in April Futures markets point to a flat...

6:36 AM

Morning wrap (04.05.2022)

US indices finished yesterday's session higher. S&P 500 jumped 0.48%, Nasdaq added 0.22% and Dow Jones rose 0.20% Stocks in Asia traded lower....