Learn / Market News

Market News

View the daily news commentary to obtain insight on the financial markets.

Oil unable to hold gains with Hamas signaling it is open for a ceasefire deal

May 2, 2024, 2:39:03 PM UTC
Oil prices are giving up their gains for this Thursday and are at risk of making it a four-day-losing-streak after gains turned into a small loss the back of headlines that Hamas is positive on the current
Read

EUR/USD falls sharply as investors see ECB reducing interest rates before Fed

May 2, 2024, 2:36:04 PM UTC
EUR/USD falls after a breakdown below the round-level support of 1.0700 in Thursday’s early American session.
Read

United States EIA Natural Gas Storage Change came in at 59B below forecasts (68B) in April 26

May 2, 2024, 2:30:00 PM UTC
United States EIA Natural Gas Storage Change came in at 59B below forecasts (68B) in April 26
Read

Gold price declines as market sentiment improves

May 2, 2024, 2:29:26 PM UTC
The Gold price (XAU/USD) is trading in the $2,310s on Thursday after retracing about three-tenths of a percent on reduced safe-haven demand.
Read

Pound Sterling tumbles as US Dollar rebounds ahead of US NFP

May 2, 2024, 2:28:23 PM UTC
The Pound Sterling (GBP) fails to hold gains above the crucial resistance of 1.2500 in Thursday's early New York session amid uncertainty as investors pivot to the US Nonfarm Payrolls (NFP) data and ISM Services PMI report for April, which will be published on Friday.
Read

AUD/USD exhibits strength above 0.6500 as RBA sets to deliver a hawkish guidance

May 2, 2024, 2:17:00 PM UTC
The AUD/USD pair holds gains above the psychological support of 0.6500 in Thursday’s early New York session.
Read

United States Factory Orders (MoM) meets expectations (1.6%) in March

May 2, 2024, 2:00:38 PM UTC
United States Factory Orders (MoM) meets expectations (1.6%) in March
Read

US Dollar flat after steady Jobless Claims Report

May 2, 2024, 1:35:43 PM UTC
The US Dollar (USD) is starting to push back against some bearish moves from earlier this week on Thursday, after a rollercoaster ride on Wednesday following the Federal Reserve’s (Fed) monetary policy
Read

BoC's Macklem: Canadian inflation to stay close to 2.9% for next several months

May 2, 2024, 1:32:09 PM UTC
While speaking before the House of Commons Finance Committee on Thursday, Bank of Canada (BoC) Governor Tiff Macklem said Canadian inflation rate will probably stay close to 2.9% for the next several months, citing rising gasoline prices, per Reuters.
Read

Japanese Yen rises on potential Japan's intervention fears

May 2, 2024, 1:31:09 PM UTC
The Japanese Yen (JPY) rises against its American counterpart in the early New York session amid speculations that Japan's financial authorities intervened again, for a second time this week, with intention to prop up the domestic currency provided a strong boost to the JPY.
Read

Brazil S&P Global Manufacturing PMI rose from previous 53.6 to 55.9 in April

May 2, 2024, 1:00:44 PM UTC
Brazil S&P Global Manufacturing PMI rose from previous 53.6 to 55.9 in April
Read

Singapore Purchasing Managers Index down to 50.5 in April from previous 50.7

May 2, 2024, 1:00:32 PM UTC
Singapore Purchasing Managers Index down to 50.5 in April from previous 50.7
Read

US Unit Labor Costs rise 4.7% in Q1 vs. 3.2% expected

May 2, 2024, 12:57:21 PM UTC
Unit Labor Costs in the nonfarm business sector increased 4.7% in the first quarter of 2024, the US Bureau of Labor Statistics (BLS) reported on Thursday.
Read

Mexican Peso rises on upbeat market sentiment

May 2, 2024, 12:44:19 PM UTC
The Mexican Peso (MXN) trades higher in its key pairs on Thursday as market sentiment gets a lift from a combination of factors, including the US Federal Reserve’s (Fed) decision to maintain an easing bias at its policy meeting on Wednesday, and Crude Oil prices hovering close to seven-week lows.
Read

US weekly Initial Jobless Claims steady at 208K vs. 212K expected

May 2, 2024, 12:35:21 PM UTC
There were 208,000 initial jobless claims in the week ending April 27, the weekly data published by the US Department of Labor (DOL) showed on Thursday.
Read

Canada Imports down to $64.84B in March from previous $65.23B

May 2, 2024, 12:31:37 PM UTC
Canada Imports down to $64.84B in March from previous $65.23B
Read

United States Continuing Jobless Claims below forecasts (1.8M) in April 19: Actual (1.774M)

May 2, 2024, 12:31:35 PM UTC
United States Continuing Jobless Claims below forecasts (1.8M) in April 19: Actual (1.774M)
Read

United States Unit Labor Costs below expectations (3.2%) in 1Q: Actual (0.3%)

May 2, 2024, 12:31:32 PM UTC
United States Unit Labor Costs below expectations (3.2%) in 1Q: Actual (0.3%)
Read

United States Goods Trade Balance dipped from previous $-91.8B to $-92.5B in March

May 2, 2024, 12:31:20 PM UTC
United States Goods Trade Balance dipped from previous $-91.8B to $-92.5B in March
Read

United States Goods and Services Trade Balance came in at $-69.4B below forecasts ($-69.1B) in March

May 2, 2024, 12:31:06 PM UTC
United States Goods and Services Trade Balance came in at $-69.4B below forecasts ($-69.1B) in March
Read

Canada Exports declined to $62.56B in March from previous $66.62B

May 2, 2024, 12:31:04 PM UTC
Canada Exports declined to $62.56B in March from previous $66.62B
Read

United States Initial Jobless Claims came in at 208K, below expectations (212K) in April 26

May 2, 2024, 12:30:33 PM UTC
United States Initial Jobless Claims came in at 208K, below expectations (212K) in April 26
Read

Canada International Merchandise Trade below forecasts ($1.5B) in March: Actual ($-2.28B)

May 2, 2024, 12:30:32 PM UTC
Canada International Merchandise Trade below forecasts ($1.5B) in March: Actual ($-2.28B)
Read

United States Initial Jobless Claims 4-week average: 210K (April 26) vs previous 213.25K

May 2, 2024, 12:30:23 PM UTC
United States Initial Jobless Claims 4-week average: 210K (April 26) vs previous 213.25K
Read

United States Challenger Job Cuts fell from previous 90.309K to 64.789K in April

May 2, 2024, 11:30:38 AM UTC
United States Challenger Job Cuts fell from previous 90.309K to 64.789K in April
Read

Silver Price Forecast: XAG/USD retreats from $26.80 amid uncertainty ahead of US NFP

May 2, 2024, 10:19:00 AM UTC
Silver price (XAG/USD) falls back sharply to $26.20 while attempting to recapture the crucial resistance of $27.00 during the European session on Thursday.
Read

NZD/USD edges higher on positive market sentiment but systemic factors remain a drag

May 2, 2024, 10:15:53 AM UTC
NZD/USD edges higher, up by eight-hundredths of a percent in the 0.5930s, on Thursday, as an improvement in global market sentiment helps commodity currencies, of which the Kiwi is a prime example.
Read

EUR/JPY trades higher around 166.00 amid improved risk appetite

May 2, 2024, 9:21:00 AM UTC
EUR/JPY edges higher on Thursday as the prevailing positive sentiment in the market provides support for risk-sensitive currencies like the Euro.
Read

Silver price today: Silver declines, according to FXStreet data

May 2, 2024, 9:14:03 AM UTC
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
Read

India Gold price today: Gold falls, according to MCX data

May 2, 2024, 9:09:23 AM UTC
Gold prices fell in India on Thursday, according to data from India's Multi Commodity Exchange (MCX).
Read

There is a high level of risk in Margined Transaction products, as Contract for Difference (CFDs) are complex instruments and come with a high risk of losing money rapidly due to the leverage. Trading CFDs may not be suitable for all traders as it could result in the loss of the total deposit or incur a negative balance; only use risk capital.

ATC Brokers Limited (United Kingdom) is authorised and regulated by the Financial Conduct Authority (FRN 591361).

ATC Brokers Limited (Cayman Islands) is authorised and regulated by the Cayman Islands Monetary Authority (FRN 1448274).

Prior to trading any CFD products, review all the terms and conditions and you should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience and knowledge before you decide to trade. Under no circumstances shall ATC Brokers Limited have any liability to any person or entity for any loss or damage in whole or part cause by, resulting from, or relating to any transactions related to CFDs.

Information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

United States applicants will need to qualify as an Eligible Contract Participant as defined in the Commodity Exchange Act §1a(18), by the Commodity Futures Trading Commission for the application to be considered.

© 2024 ATC Brokers. All rights reserved