Market news

2:16 PM

TRY, BRL sink of default concerns

The market focus this afternoon is on EM currencies with BRL, TRY, ZAR and MXN all down in excess of 1% against the greenback. With the pace of capital...

2:09 PM

US OPEN: Wall Street Rise for 3rd Day

• Dismal ADP report • General Motors earnings beat forecasts • PayPal stock on track for new all-time high ahead of earnings US...

1:18 PM

What's next for oil price?

Fundamental look at current situation Oil did not manage to snap a losing streak in March. Price continued to freefall in April as numerous major economies...

12:26 PM

BREAKING: ADP showed a huge 20 million fall.

Private businesses in the US fired  20 236k  workers in April of 2020, from -27k in the prior month. Analysts’ has expected a reading to...

10:50 AM

AUDNZD - recommendation from Nordea

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

9:53 AM

BREAKING: EURUSD drops below 1.08 on EC forecasts

EURUSD dropped below 1.08 handle today following release of the newest projections from the European Commission. The forecast points to a 7.7% GDP contraction...

9:16 AM

DE30: Equities trade mixed ahead of US jobs data

European shares trade mixed on Wednesday DE30 makes another test of 10,750 pts handle BMW (BMW.DE) saw 20.7% YoY drop in deliveries...

7:25 AM

Trade of the day – OIL

Summary: The oil market has positive attitude in near term The Brent oil is less exposed to possible negative prices (Cushing case) We believe...

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6:25 AM

Economic calendar: All eyes on ADP employment report

ADP employment report in the spotlight Final services PMIs from Europe General Motors (GM.US) among earnings reporters Moods...

5:41 AM

Morning wrap

US indices finished yesterday's session higher with S&P 500 gaining 0.90%, Dow Jones adding 0.56% and Nasdaq closing 1.13% higher Moods...

5:20 PM

Daily summary: Risk appetite returns due to higher oil prices

• Oil prices rise for the fifth consecutive day • European stocks finished session higher despite German Court ruling • US...

3:43 PM

NY FED Weekly Economic Index (WEI): Further declines

The Weekly Economic Index (WEI) provides a signal of the state of the U.S. economy based on data available at a daily or weekly frequency. It represents...

3:17 PM

Coronavirus: market update

• The total number of confirmed coronavirus cases surpassed 3.67 million of which more than 253 000 died and over 1.20 million recovered. • US...

2:42 PM

US OPEN: Wall Street rise on oil gains and reopening hopes

• Global stocks trade higher on reopening hopes • Oil price rebound • Disney (DIS.US) and Activision Blizzard (ATVI.US) will...

2:17 PM

BREAKING: ISM Non-Manufacturing PMI index above expectations.

The ISM Non-Manufacturing PMI index for the United States fell  to 41.8 in April of 2020 from 52.5 in previous month and above market expectations...

12:34 PM

Technical alert: DE30

DE30 is trading higher today. Despite a dynamic sell-off following German court ruling, the downward move was halted at the lower limit of the Overbalance...

11:23 AM

Top three charts of the week: USDCAD, DE30, US500,

USDCAD Let’s start today’s analysis with USDCAD. The pair bounced off the key support at 1.3870 and the upward move was launched afterwards....

10:39 AM

EURGBP - recommendation from Credit Agricole

Credit Agricole issued a recommendation for the EURGBP currency pair. The Bank recommends taking a long position on the pair with the following levels: Entry...

9:36 AM

DE30: Bulls retreat after German court ruling

European equities pull back after German court ruling DE30 drops below 200-hour moving average Lufthansa (LHA.DE) proposed to suspend...

8:42 AM

BREAKING: DAX on a rollercoaster ride after German court ruling

German constitutional court announced a ruling in the ECB QE case today. Judges dismissed complaints with a 7-1 vote. However, things are not so simple....