Market news

11:16 AM

Sentiment takes a hit on trade concerns

Summary: China raise doubts on long term US trade deal Stocks slide lower; Gold and Bonds spike Euro area inflation remains subdued   There’s...

9:44 AM

Trade of the day: US2000

US small-caps lagged larger peers this year FOMC hinted it may refrain from more rates cuts US2000 trades near the top of a medium-term...

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9:23 AM

Breaking news: China doubts long-term trade deal possible with Trump

Bloomberg reports that Chinese officials doubt a long-term trade agreement with Donald Trump is possible. This casts a long shadow even on a short-term...

9:00 AM

DE30 tests limits of the short-term trading range

Majority of the European indices trade higher at the beginning of Thursday’s session DE30 tests limits of the 12895-12935 pts range...

7:13 AM

BoJ alters forward guidance and cuts economic projections

Summary: Bank of Japan decided to keep monetary policy settings unchanged during its October meeting, hours after the Fed cut rates for the third...

7:08 AM

Economic calendar: Focus on inflation data from Europe and the US

Euro area CPI expected to slow to 1.1% YoY Italian GDP data forecasted to show recession in Q3 US PCE inflation seen at 1.7% YoY...

6:28 AM

Morning wrap

US indices finished yesterday’s session somewhat higher with gains ranging from 0.3% to 0.4%; sentiment has been mixed in Asia so far as Hang...

6:44 PM

FOMC decision and conference – analysis

Fed cuts rates for the 3rd time this year Central bank signals a pause in easing Limited market reaction so far The FOMC decided to cut interest...

6:03 PM

Markets mixed after the Fed decision on rates

FOMC cuts interest rates by 25 bps – in line with expectations Statement suggest a pause in future rate cuts! US500 narrowly down, short term support...

2:54 PM

Oil mixed after large inventory build

For the 6th time in the past 7 releases the weekly crude oil inventories have come in higher than the consensus forecast, however the adverse reaction...

2:24 PM

Breaking news: CAD swoons after BOC rate decision

There’s been a swift move lower in the Canadian dollar in recent trade after the latest rate decision from the Bank of Canada. Unsurprisingly the...

2:20 PM

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

Summary: US500 at fresh ATH after a break a 3025 pts handle CHFPLN reached a key support zone at 3.86 PLN DE30 with a chance to move above 13...

1:35 PM

US growth tops estimates; Markets await Fed

Summary: US Advance GDP beats forecasts; prior revised lower ADP employment change in line with estimates US500 edges towards...

1:09 PM

Breaking News: EURUSD recovers on stronger inflation from Germany

The German CPI data was released at 1:00 pm GMT and it came in above estimates. Market expected a deceleration to 1% YoY from 1.2% YoY but the reading...

12:29 PM

Technical alert: USDCAD

BoC and FOMC rate decision today USDCAD struggles near the upper limit of Overbalance structure USDCAD is trading a little higher following...

12:20 PM

Breaking News: ZAR plummets on South African budget policy statement

South Africa published Mid-Term Budget Policy Statement today. The country widened deficit forecast for 2019 to 5.9% of GDP while next year’s deficit...

10:52 AM

UK set for GE in bid to break Brexit stalemate

For the third time in five years Britons are set to head to the polls for a general election with December 12th selected as polling day. In theory there...

10:10 AM

Market alert: what to expect from the Fed meeting today?

The FOMC decision is by far the most anticipated market event this week. Investors are sure that we will see another interest rate cut. That’s already...

9:26 AM

Trade of the day – GBPCAD

Summary: BoC will probably keep interest rates unchanged 2Y yields in Canada outweigh these in the US which indicates potential upward pressure...

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8:39 AM

DE30: Deutsche Bank drops below €7 as revenue continues to contract

European shares open mixed on FOMC day DE30 tries to break back above 50-hour moving average Earnings reports from Deutsche Bank...