Stock market quotes, forex, financial news, forex tools –

Daily market overview – 05/05/2016

 Breaking News
  • Global demand for oil grows The International Energy Agency (IEA) has published a very interesting study. So, in the next five years, global oil demand will grow about 1 million b/d every year. This means...
  • Tesla to build its fourth factory Elon Musk said that the company was planning to build the first plant in Europe. The German capital has been chosen for this purpose. It will be the fourth plant...
  • Facebook Pay is new payment system of famous social network The well-known company Facebook has announced the launch of its own electronic payment system Facebook Pay. Through the company’s official blog, we have found out that the service will operate...
  • Amazon to open a new supermarket chain in the States Amazon, the largest US online retailer, already owns several supermarket chains. The first of them called Whole Foods was purchased in 2017 and cost $ 13.7 billion. The chain specializes...
  • Energy Market News Today, at 8 a.m. Moscow time, Brent crude futures rose $ 0.14 (or 0.23%) – to $ 62.32 per barrel. We recall that yesterday the asset price lost 0.53% ($...

Daily market overview – 05/05/2016

Daily market overview – 05/05/2016
May 05
09:00 2016

Wednesday was red again, as disappointing US data dragged Wall-Street’s main indices to descents by about 0.6%, while Europe’s main exchanges suffered as well.  DAX30, CAC40 and FTSE100 all lost nearly 1%. The ADP employment survey was lower than expected with an addition of 156K jobs compared to expected 196K, upgrading the tension before tomorrow’s NFP report.

The USD has been slightly on the fence for now, with its index steady since yesterday around 93.2$. The EUR/USD pair is still being traded at about 1.15 mark, while the USD/JPY has slightly recovered from its multi-year lows around 105.5 reached on Monday. It is currently being  traded at about 107.

Oil prices remain firm near yearly highs, which are close to 45$, despite higher than expected crude oil supply data from yesterday. Meanwhile, with similarity to the USD, gold prices remain around 1280$.

Key Market Data Today:

08:30 – GBP: ADP Nonfarm Employment change.

12:30 – USD: Initial Jobless claims.

Related Articles


  1. Veber
    Veber May 05, 10:26

    Gold and the American national currency have a long interesting relationship. In the long term the declining dollar has always meant a rise in gold prices. However, in the short term, this pattern works not always, and fluctuations between these instruments are negligible.

    Reply to this comment
  2. Maria Fischer
    Maria Fischer May 05, 11:18

    According to Bloomberg, Wall Street stocks fell following the results of trading on Wednesday after the publication of non-uniform statistical data on the labor market and the service sector. By the way, at the moment, statistical data around the world do not bear positive.

    Reply to this comment

Write a Comment