Daily market commentary: WTI crude oil prices reach a multi-year maximum as concerns grow over potential disruption of energy supplies from Russia LeapRate

February 22, 2022 BY Steffy Bogdanova

Daily market commentary: WTI crude oil prices reach a multi-year maximum as concerns grow over potential disruption of energy supplies from Russia

European Shares European shares climbed on Tuesday as most benchmarks register corrective bullish moves following Monday’s massive sell-off on equity markets. Ukraine-Russia tensions continue to simmer and dent market sentiment this week, especially after President Putin ordered military forces to what he recognized as “separatist areas”, leading the current conflict to another dimension. With geopolitical…

February 15, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices touch a seven-month maximum

Oil WTI crude oil prices eased down from the seven-year maximums reached during the previous session. Tension between Russia and the West over the potential invasion of Ukraine, has been one of the main factors behind the recent increases in the price of the barrel, with traders pricing-in the increasing likelihood of an armed conflict…

February 14, 2022 BY Steffy Bogdanova

Daily market commentary: Unease spreads in the markets over the possibility of a Russian invasion of Ukraine

GOLD Early Monday trading saw gold hedging down from the 2022 maximums reached on Friday, albeit not by much as geopolitical tension continues to build up. Russia’s invasion of Ukraine is, according to several Western authorities, imminent, and the markets are reacting by seeking safe-haven assets, in a dynamic that strongly supports the precious metal.…

August 13, 2021 BY Steffy Bogdanova

Daily market commentary: The greenback has been on a rollercoaster ride

EUROPEAN SHARES European shares are extending yesterday’s gains amid a rising appetite for riskier assets ahead of the weekend. Even though the Delta variant keeps weighing on market sentiment in many regions like Asia, investors are optimistic about countries with more aggressive vaccination programs in place, such as Europe and the US. Apart from Madrid,…

August 12, 2021 BY Steffy Bogdanova

Daily market commentary: The greenback’s loss of steam results from a deceleration in inflation

OIL WTI stabilized during early Thursday trading, following the gains of the previous two sessions. The situation in Asia, where demand for fuel is likely to be impacted by new restrictions on movement put in place in China, alongside yesterday’s request from US President Joe Biden calling on OPEC+ to increase output in order not…

August 11, 2021 BY Steffy Bogdanova

Daily market commentary: WTI shed some of the previous session’s gains

OIL WTI shed some of the previous session’s gains during early Wednesday trading, following the imposition of further restrictions to mobility in China in an attempt to halt the spreading of the Delta variant of the coronavirus. The situation in China and other Asian countries continues to worry oil traders, who now anticipate a drop…

August 10, 2021 BY Steffy Bogdanova

Daily market commentary: The Dollar Index continues to gain ground

OIL WTI is up by more than 1% during early Tuesday trading, recovering some of the losses of the previous session. Oil prices are likely to remain volatile as the outlook for the economic recovery becomes increasingly uncertain, with a rise in cases of the Delta variant in Asia continuing to be a reason for…

August 09, 2021 BY Steffy Bogdanova

Daily market commentary: The price of gold dropped to lows not seen since March

GOLD The price of gold dropped to lows not seen since March during early Monday trading, following the publication of US labour data on Friday that was more positive than expected, making it more likely for the Fed to bring forward the timing of the tapering. This dynamic propelled the US dollar to new multi-month…

August 06, 2021 BY Steffy Bogdanova

Daily market commentary: The British pound remains close to multi-month highs

GOLD The strength of the US dollar is keeping the pressure on safe havens like gold with the precious metal continuing to drop on Friday. Bear traders seem to be in control of the market on a very short-term basis and even if no significant sell-off has been registered so far, the current correction saw…

August 05, 2021 BY Steffy Bogdanova

Daily market commentary: The US dollar pulled back from yesterday’s lows

OIL WTI reversed earlier gains and is flat so far during early Thursday trading. A surge in coronavirus cases caused by the Delta variant is forcing several countries around the world to impose new lockdowns, a scenario that is likely to negatively impact fuel demand. Also weighing on the price of oil is a surprise…

Category: Carlo Alberto De Casa