Market news

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....

8:19 AM

Trade of the day – GBPUSD

Facts: GBPUSD rejects resistance No clarity of post-Brexit EU deal Net positioning in GBP relatively high Recommendation: GBPUSD short at...

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7:57 AM

BREAKING: OIL.WTI gains over 40% in 5 days

Following strong sell-off in the second half of April, oil is catching a breath at the beginning of May. OIL.WTI gained more than 40% during the past...

6:37 AM

Economic calendar: ISM data in the spotlight

German court rules on legality of ECB stimulus ISM non-manufacturing seen falling to 36.8 pts in April Moods have improved since...

5:39 AM

Morning wrap

In spite of early declines, US stocks managed to finish yesterday's trading higher. S&P 500 added 0.42%, Dow Jones gained 0.11% and Nasdaq...

5:07 PM

Daily summary: European Stock Market sell-off accelerates

• Major European indices finished deeply in red • Warren Buffett dumps airlines shares • President Trump revives trade...

4:54 PM

Coronavirus: market update

• The total number of confirmed coronavirus cases surpassed 3.6 million of which more than 250 000 died and over 1.16 million recovered. • US...

2:33 PM

US OPEN: Wall Street opens lower due to rising US-China tensions

• US indices opened in red • Berkshire Hathaway (BRKB.US) reported record loss •  Rising tensions between Washington and...

2:16 PM

BREAKING: US Factory Orders Lowest since 1957

US Factory Orders recorded a double-digit drop, however worse than expected reading did not caused any significant marker reaction.   New orders...

12:52 PM

Technical alert: Ethereum

Ethereum is trading in a local upward trend. The coin pulled back to the $185 handle that is the key support for now. It is marked with a lower limit of...

11:05 AM

Trade of the day: AUDUSD

Facts: AUDUSD bounced off the lower limit of local 1:1 structure Mid-term trend remains upward Key support in the 0.6380 area Recommendation:  Trade:...

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9:13 AM

DE30: Bulls surrender on grim data and geopolitics

European stock market sink at the start of a new week DE30 tests key support at 10,500 pts ThyssenKrupp (TKA.DE) secured €1...