Category: Market News

forex and crypto market analysis
July 07, 2020 BY Valentina Kirilova

Daily Market News: Stocks pull back after Monday surge, Uber shells out $2.7bn for rival food delivery service

What to watch Paychex: Human resource and payroll outsourcing firm Paychex reports its latest quarterly earnings today. The $28bn market cap firm’s share price is down 8.6% year-to-date, after a 30% surge over the past three months. Analysts are expecting an earnings-per-share figure of $0.60, and overwhelmingly favour a hold rating on the stock. How…

Read more
July 06, 2020 BY Valentina Kirilova

Weekly data preview: focus on the RBA as reopening continues

With volume of both buying and selling having declined, this could be the beginning of the accumulation phase of a new uptrend. Confirmation could be sought from studying behaviour around near-term resistances, primarily the 50 and 100 SMAs not far above the current price. Two crucial events this week though will mean that fundamentals are…

Read more
daily market analysis
July 06, 2020 BY Valentina Kirilova

Daily market commentary: The DAX-30 Index is one of Europe’s top performers

EUROPEAN SHARES  All eurozone benchmarks opened significantly higher on Monday as the momentum on riskier assets remains strongly bullish momentum despite coronavirus cases continuing to rise over the weekend. As explained in previous reports, the recent positive macro data and potential development of a cure against the virus boosted market sentiment last week. However, the…

Read more
daily market analysis
July 03, 2020 BY Valentina Kirilova

Daily market commentary: Gold volatility decreased once again

EUROPEAN SHARES Share markets opened mostly flat in Europe for the end of the week as benchmarks consolidate gains registered during Thursday’s bullish session following the higher-than-anticipated US job report, while the US remains shut for holiday. The recent batch of solid macro data from different economic zones (US NFP, Chinese Industrial Production, EU PMIs)…

Read more
Forex Weekly Look Back
July 03, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: FXSpotStream reports third highest ADV month ever, BDSwiss secures FSA Seychelles license

The UK Financial Conduct Authority suspended Wirecard’s UK subsidiary and left thousands of people in the UK unable to access their money. The UK regulator froze Wirecard Card Solutions’ UK lincense to protect the company's clients following the German-based parent company Wirecard AG filing for insolvency on Thursday last week after accounting firm Ernst & Young…

Read more