Market news

7:34 AM

BREAKING: Selling pressure returns to the markets

Pressure returns to global stock markets at the beginning of a new quarter. Stocks in China, Japan and South Korea dropped while European equity indices...

6:17 AM

Economic calendar: ISM and ADP data in the spotlight

ADP expected to show 150k decrease in US employment Manufacturing ISM forecast to drop to 45 pts Revised PMI data from Europe Risk-off...

5:29 AM

Morning wrap

US indices finished yesterday’s session lower. S&P 500 dropped 1.60%, Dow Jones declined 1.84% and Nasdaq slipped 0.95%. On the other hand,...

5:13 PM

Daily summary: Wall Street swung between gains and losses

• FED announces further liquidity tools • Jump in Covid-19 infections in New York state • US government is preparing further...

2:59 PM

US OPEN: Fed Announces Further Liquidity Tools

• Wall Street swung between gains and losses during today’s open • FED announced temporary repo facility • McCormick...

2:12 PM

BREAKING: CB Consumer Confidence Index edged lower to 120.0 from 132.6; Chicago PMI data above expectations

The Chicago Purchasing Managers Index (Chicago PMI), also known as Chicago Business Barometer, went down to 47.8 from 49.0 in the prior month, the Institute...

12:39 PM

Trade of the day – Cocoa

Facts: Future longs on cocoa have been decimated amid liquidity shortage Cocoa prices test key support area US considering ban on Ivory Coast imports Recommendation: Cocoa...

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12:19 PM

Coronavirus: market update

Global coronavirus cases exceeded 800,000 with nearly 170,000 recoveries. The number of people confirmed to have died as result of the coronavirus has...

11:58 AM

USDCAD - recommendation from TD Bank

TD Bank issued a recommendation for the USDCAD currency pair. The Bank recommends taking a long pending position on the pair with the following levels: Entry...

11:10 AM

Commodity wrap: Oil, Gold, Wheat, Coffee (31.03.20)

Oil: • Reuters sees oversupply of 6 million barrels per day in Q1 and almost 10 million barrels per day in Q2, followed by a clear rebound of demand •...

10:36 AM

Technical alert: GBPUSD

GBPUSD has been trading in a correction move since the beginning of the week. In case it is continued, there are two levels to focus on.The first support...

9:13 AM

DE30 tests 10,000 pts once again

European equities jump higher DE30 returns to the 10,000 pts area Fitch downgrades Deutsche Bank (DBK.DE) and Commerzbank (CBK.DE) European...

6:35 AM

Economic calendar: More virus-infected data

Conference Board data expected to show massive drop European CPI seen slowing in March PMIs from Japan and China to be released overnight European...

5:29 AM

Morning wrap

US indices finished yesterday’s session with solid gains. S&P 500 added 3.35%, Nasdaq gained 3.62% and Dow Jones jumped 3.19%. Russell...

5:19 PM

Daily summary: Global stock markets rise on stimulus

• US indices continue their upward move • European stocks managed to rebound after weak start of the week • Coronavirus...

2:47 PM

BREAKING :Dallas Fed Manufacturing Index drops to all time low

The Federal Reserve Bank of Dallas' index plunged to -70 in March 2020 from 1.2 in the previous month. It is the lowest reading since series began...

2:13 PM

US OPEN: Wall Street attempting to extend last week's gains

•  U.S. stock markets opened the week higher • President trump changes his rhetoric regarding lifting restrictions in April • Johnson...

12:33 PM

WTI tests $20 mark as Saudi Arabia plans to increase exports

Oil is having another rough day trading 6-7% lower against close of the previous week. WTI has tested the $20 handle today. Energy minister of Saudi Arabia...

11:58 AM

Coronavirus: market update

Global coronavirus cases exceeded 735,015 with over 156,122 recoveries. The number of people confirmed to have died as result of the coronavirus has now...

11:14 AM

USDCAD - recommendation from Bank of America

Bank of America issued a recommendation for the USDCAD currency pair. The Bank recommends taking a long position on the pair with the following levels: Entry...