Market News

It has been a volatile session on Tuesday and the Nasdaq 100 index erased all the daily gains and turned lower after the US opening bell, while the SP500 and Dow Jones indices were trading more than 1% stronger.

US benchmarks were 1% lower in the morning, but dip buyers reappeared and the decline was quickly erased, with indices now slightly higher on the day ahead of the US opening bell.

Major equity benchmarks were down ahead of the US opening bell, with indices correcting Wednesday's gains. 
 

U.S. equities rocketed higher on Wednesday, with both the SP500 and Nasdaq 100 indices posting new swing highs, which could be a confirmation of an ongoing bullish trend. 

US indices were jumping up and down on Tuesday, with the Nasdaq 100 index half a percent higher after the opening bell, while the SP500 and Dow Jones indices were seen slightly lower. 

All three US equity benchmarks were strongly higher today and they were trading 3% stronger during the US session. EU indices also rose notably. 

The greenback was sold-off notably on Friday and the EURUSD pair jumped to 1.0850, while the USDJPY pair slid below the 107 threshold.

The greenback was trading broadly higher on Thursday as traders were relieved from fears of negative rates coming to the US.

Tuesday's sell-off in equities continued on Wednesday, and the SP500 and Dow Jones indices were trading half a percent lower, while the tech Nasdaq 100 index fought to stay in positive territory.

The EURUSD pair was trading 0.6% higher on Tuesday, as weak US inflation undermined the greenback. The USD was down against most of the major currencies.
 

Monday has not brought any meaningful news, apart from the fact that there has been an uptick in new coronavirus infections in Germany and South Korea. 

Much has been said about the current state of the US labor market. Economists expect the non-farm payrolls (NFP) number to decline to -22 million for April, down from -701k scored in March. There has never been such a substantial drop in jobs, and these times are truly unprecedented. The unemployment rate is forecast to rise to 14% from 4.4% previously, but as we speculated earlier, the real number will most likely be far worse. We expect the unemployment rate to reach 23%. 

 

Equities accelerated higher today after batch of positive macro news and US indices were trading 2-3% higher during the US session.

The EURUSD pair was trading nearly half a percent weaker on the day, hovering at around 1.08 during the US session, while the GBPUSD pair was seen at around 1.2350, some 65 pips lower on the day. The USDJPY pair was also under pressure and dropped 0.4% to 106.00.

On Friday, May 8th the Non Farm Payroll (NFP) will be released for the second time since the COVID-19 lockdown and traders are on alert!

Traders bought equities yet again on Tuesday and the three US benchmarks were seen nearly 2% higher shortly after the US opening bell.

Market conditions are pointing towards a couple of unstable weeks ahead for the WTI benchmark which is why at Axiory we acted fast and added Brent Oil to your choices of energy assets.

Another day, another strong rally in the equity markets. The SP500 index was up 2.15%, while the Nasdaq 100 index advanced 3% at the time of writing. EU indices were 2-3% higher as well.

Stocks were slammed and the EURUSD pair dropped circa 60 pips from daily highs and was trading at around 1.0830 during the US session on Tuesday as the greenback rallied strongly after weak US data.

The greenback traded slightly lower against a basket of currencies as traders reacted to the latest US economic numbers.

Traders sold the greenback on Thursday and it erased earlier gains as the US jobs market continued to deteriorate, but equity investors pushed the indices sharply higher.

With the historic crash of West Texas Intermediate (WTI) crude oil futures, dropping below $0 on Monday, April 20th, traders are frantically looking for their next move. You can take advantage of the market without incurring extraordinary high risk - Tomasz Wisniewski has all the details in the video.

On Monday, US West Texas Intermediary (WTI) oil cratered to -40 USD a barrel. This isn’t a joke – oil traded in negative territory for the first time in history, just a week after the price was at 25 USD a barrel.
 

The price of the WTI oil dropped 40% on Monday and traded at around 11 USD, which are levels last seen in 1998. Moreover, today's crash was the biggest on record.

US equities surged yet another day and indices were up 2-3% percent on Friday as investors cheered the possibilities of the US states reopening their economies. Moreover, news about the Remdesivir drug being effective for COVID treatment lifted stocks as well.

US indices staged another rally on Thursday as US jobless claims continued to point to a steep rise in the unemployment rate. 

The US dollar was bid on Wednesday and was trading higher against other major currencies, with the EURUSD pair down 1% during the afternoon session, changing hands at around 1.0870.

Traders sold oil on Tuesday, despite the recent historic OPEC+ deal to cut production and the WTI benchmark was down 6% during the US session, quickly dropping toward the 20 USD threshold again.
 

US equitires roared higher again on Thursday and the SP500 index was trading 2% higher after another batch of very negative fundamental news. 

Wednesday has brought with it another day of volatility, and equities jumped up and down, with bulls a bit cautious after yesterday's significant reversal.

All it needed for a 5% rally in indices was a small decline in US coronavirus deaths over the weekend (despite many analysts calling this decline false and underreported), and the markets rallied sharply.

US equities shot higher on Friday and erased all the intraday losses after the worst non-farm payrolls print since the financial crisis.

The EURUSD pair declined 1% on Thursday and was trading at around 1.0850 during the US session as investors once again sought the safety of the US dollar. 

Risk-off sentiment returned on Wednesday, and investors sold into the latest stock market' rally. 

US equity benchmarks declined somewhat on Tuesday, but remained strongly higher on the week, with all three major indices down circa 1% during the US session.

The big standout during the European trading was oil, which took another eyewatering 8% tumble on Monday, with some now expecting the price to drop to zero (or negative) as storage facilities fill up. The rout in oil took crude to its lowest since 2002.

Equities across the globe exploded higher on Thursday and US benchmarks were seen 4% stronger, while EU indices were also trading with gains, ranging from 1 to 4%. 

Earlier in the day, the WTI oil plunged back to a 23 USD handle after the boss of Vitol Group said demand is down about 15 million to 20 million barrels a day and will shrink further with India’s decision to go into lockdown.

The EURUSD pair was trading 1% higher on Tuesday as the global demand for the greenback eased slightly and the euro managed to crawl back above the 1.08 threshold.

US stock futures hit the limit down on late Sunday again as the US congress failed to approve the massive financial aid.

Traders have been massively buying the US dollar over the previous days, which sent the dollar index to new record highs. The USDJPY pair was trading 1.5% stronger during the US session on Thursday, testing the 110 threshold to the upside. 

March 19th 2020 | 4 PM CET
Learn how to trade in times of instability

All four major US equity benchmarks opened circa 7% lower on Thursday, which immediately led to a 15 minutes halt in trading as circuit breakers were triggered. After the stop, indices surged sharply, but failed to hold those gains and are now slowly (or rather quickly) dropping toward daily lows.

In a surprising move, the USDJPY pair skyrocketed higher and was trading more than 2% stronger during the US session, last seen at around 104.50. The greenback effectively erased Monday's losses and closed the bearish gap. What happens now should be crucial for the near-term future here.

Monday marked one of the worst days in the history as oil crashed 30% and equity indices were down 7-10% across the globe, which seems to be the worst weekend, or at least the similarly bad to the infamous Lehman weekend. 

Learn how to trade in times of instability
Let’s get real - spreading of Coronavirus doesn’t seem to lose its grip on the financial markets.”Safe haven” assets such as Gold, Stocks, or USD are falling down sharply and the same goes for Oil, or Bitcoin. Axiory is here to keep its traders safe and secure. This webinar will show you how.