After a test of the support level near 3230 during the London session yesterday, S&P 500 futures (ES) rallied up and tested the swing high resistance at 3270. It is on its way to challenge the gap area resistance at 3310.
Check out the video for a complete walk through of the daily market analys
Photo: Finance Magnates
Christopher Gore, chief executive officer at GO Markets, is set to depart the firm today, Finance Magnates has learned.
“Today is my final day as CEO of GO Markets, so I thought it is perhaps appropriate that I give a quick shout-out to my team and acknowledge the help and
The sharp reversal in Chinese stocks is somewhat weighing on global sentiments today. European indices are generally in red while US stocks also open mildly lower. Dollar firms up mildly but upside momentum is unclear for now. Euro is also resilient after ECB stands pat as widely expected and delive
The pace of decline in new car registrations in the EU slowed sharply in June as countries in the bloc gradually reopened their economies after the lockdown imposed to fight the coronavirus, or Covid-19, pandemic.
Registrations of new passenger cars in the EU dropped 22.3 percent year-on-year to 949
Asia Market Update: Markets traded generally lower after China data, China said recovery is under pressure; It is unclear if Trump will approve sanctions on China officials; TWTR commented on hack.
- Markets in HK and Shanghai lag amid the data out of China; Decliners in Shanghai incl
Partly reflecting a substantial rebound in gasoline prices, the Labor Department released a report on Tuesday showing a slightly bigger than expected increase in U.S. consumer prices in the month of June.
The Labor Department said its consumer price index climbed by 0.6 percent in June after edging
TRAction Fintech has revealed exclusively to Finance Magnates this Thursday that it has expanded its partnership with UnaVista, the regulatory reporting platform of the London Stock Exchange Group (LSEG).
In particular, the two regulatory firms have gone into an expanded collabora
Foreign trade data from Germany is due on Thursday, headlining light day for the European economic news.
At 2.00 am ET, Destatis is scheduled to publish Germany's foreign trade figures for May. Exports are forecast to grow 13.8 percent and imports to rise 12 percent on a monthly basis. The trade sur
Hello traders, I wanted to just share my very simple - longer-term - chart to everyone. I've seen way too many "everything is going to crash right now" charts on here and its important to have some sort of a balance on this website, especially since the market is going to hit ATHs this
The risk sentiment is getting some lift from the encouraging Chinese vaccine news that came in over the weekend, with the influential media outlet, Global Times, offering some additional insights on the vaccine story.
“Chinese biopharmaceutical firm CanSino Biologics Inc developed the
The Australian dollar moved down against its major counterparts in the Asian session on Thursday, as the nation's unemployment rate jumped in May amid virus crisis.
Data from the Australian Bureau of Statistics showed that the unemployment rate in Australia came in at a seasonally adjusted 7.1 perce
USD/IDR remains depressed near the lowest since February 24, 2020.
Early-February high, a falling trend line from March 20 could lure the bears.
March 02 top, a two-month-old resistance restrict the pair’s immediate upside.
Oversold RSI conditions increase the odds of a pullback from a multi-day low
Asia FX and Gold early morning views
The upward momentum in risk appetite continues unabated as the markets focus on abundant liquidity and hopes for an economic upswing. The liquidity angle isn’t a new development as central banks and governments have been laying it on thick, but with economies eme
Ahead of the long weekend for Eid-ul-Fitr, the Malaysia stock market had snapped the seven-day winning streak in which it had spiked more than 70 points or 5.3 percent. The Kuala Lumpur Composite Index now rests just above the 1,435-point plateau although it figures to bounce higher again on Wednesd