Market news

9:42 AM

BREAKING: GBP dives as EU readies legal action against UK

British pound is the worst performing major currency today. Declines accelerated after media reported that European Union will go to court with the United...

9:25 AM

Trade of the day - USDCAD

Facts USDCAD experienced steep downward move since the end of Q1 2020 Upward correction halted at the upper limit of the Overbalance structure Net...

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8:19 AM

🥈 Silver shines bright

Silver prices have a fantastic year, rising more than 30% from the start of this year despite the recent major sell-off. Prices were near $30/oz in early...

7:17 AM

Economic calendar: Avalanche of survey data

European futures seesaw ahead of cash session open US ISM manufacturing seen improving in September, avalanche of PMI releases US...

6:32 AM

Morning wrap

US indices finished yesterday's session higher. S&P 500 gained 0.83%, Nasdaq added 0.74% and Dow Jones jumped 1.20%. Russell 2000 gained...

6:27 PM

Daily summary: Mixed moods at the end of choppy month

• Dax suffers 1st monthly loss since March • US stocks higher amid stimulus hopes and upbeat economic data • US Crude inventories...

5:00 PM

Caesars to acquire William Hill for $3.7 billion

On Monday Caesars Entertainment (CZR.US) disclosed a cash offer of 2.9 billion pounds ($3.7 billion) to buy London-based sports betting site William Hill...

4:46 PM

Warm weather forecasts are affecting Natural Gas prices

Natural gas prices are under pressure from US medium-term weather forecasts. Although in the east of the country slightly cooler days are expected in the...

3:47 PM

Will the heat wave lead to a rebound in coffee prices?

Two factors contributed to the September price declines in the coffee market: a very good harvest season in 2020 and the extremely high number of long...

3:36 PM

BREAKING: US Crude Stocks unexpectedly drop

Crude inventories in the US dropped  by 1.98 million barrels in the week ended September 25th, following an 1.639 million decline in the previous...

2:50 PM

US OPEN: Wall Street opens higher amid stimulus hopes

• Mnuchin  ‘hopeful’ regarding coronavirus stimulus deal • ADP report above expectations • Micron Technology...

1:20 PM

BREAKING: ADP report beats expectations, muted reaction

ADP report for September, a final hint ahead of Friday's NFP release, was published at 1:15 pm BST. Report signalled a 749k increase in employment...

1:10 PM

Trade of the day - EURUSD

Facts: • Weak inflation data from Europe's largest economies • Bearish ‘death cross’ formation appeared on the D1...

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12:40 PM

Top three chart of the week: EURUSD, DE30, OIL.WTI

EURUSD EURUSD has been trading in a downward channel recently. Looking at the H4 chart from a technical point of view, one can see that the price bounced...

11:43 AM

Coronavirus: market update

• New coronavirus cases continue to surge across the world. Total number of confirmed infections is approaching 34 million. Meanwhile more than...

11:28 AM

EURUSD - recommendation from JPMorgan

JPMorgan issued a recommendation for the EURUSD currency pair. The bank recommends taking a short position on the pair with following levels: Entry...

10:35 AM

DE30 erases morning bounce and revisits 12,700 pts

Indices retreat after US presidential debate DE30 fails to break back above 12,800 pts in morning bounce Covestro (1COV.DE) announced...

8:23 AM

Indices drop after US presidential debate

European indices started Wednesday's trading lower after the first US presidential debate between Donald Trump and Joe Biden turned out to be very...

7:27 AM

Economic calendar: Focus shifts to US jobs data

Risk-off moods present after US presidential debate ADP report points to a 600k employment increase in September German unemployment...

6:35 AM

Morning wrap

Indices from Wall Street finished yesterday's session lower echoing poor performance of European equities. S&P 500 and Dow finished 0.48%...