Daily market commentary: The pound is recording gains versus the dollar and the euro LeapRate

January 13, 2021 BY Steffy Bogdanova

Daily market commentary: The pound is recording gains versus the dollar and the euro

EUROPEAN SHARES European shares fluctuated on Wednesday, following a mixed trading session in Asia where Chinese stocks slid lower while Tokyo outperformed. Even if the Fed tried to reassure investors yesterday by providing them with a harmonized dovish reaction from all governors, the lack of market directionality today reflects the uncertain market sentiment. Market volatility…

January 12, 2021 BY Steffy Bogdanova

Daily market commentary: The US dollar is taking a break after several days of gains

OIL Oil is continuing its recovery, with WTI getting closer to $53. The modest decline seen in early trading yesterday was just a temporary break and the barrel remains in a supportive scenario. Investors are betting on the continued recovery of global demand over the next few months after a difficult 2020. The cuts announced…

January 11, 2021 BY Steffy Bogdanova

Daily market commentary: The oil price started the new week with a moderate decline

OIL AND GOLD The week has started with some recovery signals from the greenback, while stock markets are taking a small pause after the recent rallies. The main scenario remains positive (we could say “risk on”), but we are seeing some investors taking profit. All this is reflected on the prices of gold and oil.…

January 08, 2021 BY Steffy Bogdanova

Daily market commentary: The Pound is gaining ground on the euro

EUROPEAN SHARES European markets opened higher, confirming yesterday’s gains while benchmarks head for their best weekly performance since November. This “risk-on” market sentiment spread to Europe from the US after investors welcomed the result of the run-off election in the state of Georgia that gave the Democratic party effective control of the US senate, relieving…

January 07, 2021 BY Steffy Bogdanova

Daily market commentary: The demonstrations in Washington had little impact on the oil price

OIL The demonstrations seen in Washington had little impact on the oil price, generating a quick fall to $49.50 for the WTI benchmark, which was easily absorbed by the markets. The price has since jumped strongly back above $50 and in the first few hours this morning continued the recovery, reaching $51 while Brent is…

January 06, 2021 BY Steffy Bogdanova

Daily market commentary: The greenback is under renewed pressure

OIL The oil price is rebounding on the unexpected outcome of the OPEC+ meeting. The real surprise was Saudi Arabia announcing a voluntary cut of 1 million barrels a day that will be put in place over the next two months. The market reaction showed enthusiasm for the decision, with oil jumping by 5% to…

January 05, 2021 BY Steffy Bogdanova

Daily market commentary: The yuan reached its highest level for two and half years

EUROPEAN SHARES European markets had a mixed opening on Tuesday after the biggest sell-off of the first trading session of a year since 2016. Despite vaccines being deployed, record virus numbers in many areas as well as full lockdowns in a few hotspots, like England, are denting this week’s market sentiment. While many traders keep…

January 04, 2021 BY Steffy Bogdanova

Daily market commentary: What will drive gold in 2021?

WHAT WILL DRIVE GOLD IN 2021? 2020 proved to be a positive year for gold with investors rushing to the long-established haven asset as the coronavirus pandemic triggered an economic and health crisis, but what are going to be the main market drivers for 2021? After the black swan event dominated 2020, the lingering effects…

December 23, 2020 BY Steffy Bogdanova

Daily market commentary: volatility on gold has declined with the price recovering slightly

EUROPEAN SHARES European stocks edged slightly higher on Wednesday, boosted by easing UK-EU tensions, with transaction volumes falling as we get closer to the end of the year. Investors continue to drive stocks higher, aiming to offset and fill the bearish gap left open at the beginning of the week, while market sentiment has received…

December 22, 2020 BY Steffy Bogdanova

Daily market commentary: The oil price was hit

OIL The oil price was hit by the risk off seen on markets in the last 36 hours. Growing fears about the new UK variant of the coronavirus, generated a sell off on both European stocks and oil. For WTI we have a quite significant support zone between $46.50 and $47 per barrel, which triggered…

Category: Carlo Alberto De Casa

Daily market commentary: The pound is recording gains versus the dollar and the euro

Daily market commentary: The US dollar is taking a break after several days of gains

Daily market commentary: The oil price started the new week with a moderate decline

Daily market commentary: The Pound is gaining ground on the euro

Daily market commentary: The demonstrations in Washington had little impact on the oil price

Daily market commentary: The greenback is under renewed pressure

Daily market commentary: The yuan reached its highest level for two and half years

Daily market commentary: What will drive gold in 2021?

Daily market commentary: volatility on gold has declined with the price recovering slightly

Daily market commentary: The oil price was hit

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