Hawkish comments from ECB members support euro EURUSD continues to recover from recent drops. The main currency pair broke above the 1.05 mark today. Euro is trading almost 1% higher against the US dollar. Such a good showing of EURUSD is partially driven by weak USD, that is the second worst performing G10 currency today. […]
Latest News
Latest News
Latest News
17
May
May
The Day Ahead
European indices set to open higher US retail sales data on the agenda Lagarde and Powell to deliver speeches European futures markets point to a higher opening of the cash trading session on the Old Continent. While the Wall Street session yesterday was mixed, moods improved during today’s Asian session, allowing indices from the region […]
17
May
May
Talking Australian Dollar
The Australian dollar is the best performing G10 currency today. AUD got a lift following the release of RBA minutes from its latest meeting in early-May. Document showed that the Bank was considering three different rate hike options – 15 basis points, 25 basis points and 40 basis points. A 25 basis point increase was […]
17
May
May
Good Morning Traders
US indices finished yesterday’s trading mostly lower. S&P 500 dropped 0.39%, Nasdaq moved 1.20% lower and Russell 2000 declined 0.52%. Dow Jones was an exception as it gained 0.08%. Upbeat moods could be spotted during the Asian session today. Nikkei and S&P/ASX 200 gained 0.3%, Kospi moved 0.7% higher and indices from China traded up […]
16
May
May
Talking Bitcoin
Following a relief run on Friday and during the weekend, recovery move on Bitcoin took a pause today. Bitcoin as well as other cryptocurrencies are pulling back amid an overall weaker performance of risk assets. Weaker data from China led to a deterioration in market moods that impacted digital assets as well. Taking a look […]
16
May
May
The Day Ahead
European stock markets set for lower opening Canadian housing data, NY empire index Earnings from Take-Two Interactive and Tencent Music Futures markets point to a lower opening of the European cash session. Much weaker than expected monthly data from China can be named as a reason behind a slgihtly weaker performance of risky assets at […]
16
May
May
Good Morning Traders
Indices from Asia-Pacific launched a new week in mixed moods. Nikkei gained 0.5%, S&P/ASX 200 moved 0.3% higher, Kospi finished flat and indices from China traded slightly lower. European and US index futures are trading slightly below Friday’s cash closing prices. Authorities in Shanghai announced that some restrictions will start to be lifted and business […]
13
May
May
Good Morning Traders
US indices finished yesterday’s session mixed. S&P 500 dropped 0.13%, Dow Jones moved 0.33% lower, while Nasdaq rose 0.06% and Russell 2000 jumped 1.24%. Indices from Asia-Pacific moved higher. Nikkei and S&P/ASX 200 rose 2.50% and 1.7% respectively. Kospi added 1.8% higher and indices from China also moved higher. DAX futures point to a higher […]
12
May
May
Lets Talk DAX30
The German benchmark index trades little changed on Thursday as intraday losses were recovered. D1 chart The DE30 has been fluctuating this week between the 23.6% and 38.2% retracement of the downward movement that began in November 2021. Yesterday, the index rallied for a second consecutive day, but most of the gains were given back […]
12
May
May
Euro Maintains It’s Bearish Tone
Main currency pair drops below key support and trades at lowest level since January 2017 Concerns over stability of global markets as well as the condition of the global economy triggered another wave of USD appreciation. It becomes evident that investors start to look for safe havens with US bond prices jumping significantly higher. Bond […]