Category: Carlo Alberto De Casa

daily market analysis
August 04, 2020 BY Valentina Kirilova

Daily market commentary: The dollar is back on a descending trajectory

EUROPEAN SHARES  Shares opened mostly higher in Europe following strong bullish momentum from the Asian trading session on Tuesday. Yesterday’s reassuring manufacturing PMIs in Europe followed by positive data in the US combined with lower virus cases in some states, have lifted global market sentiment higher. In addition, the current risk appetite is also sustained…

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daily market analysis
July 30, 2020 BY Valentina Kirilova

Daily market commentary: Gold price remains volatile

EUROPEAN SHARES  European contracts traded lower on Thursday as market sentiment remains uncertain ahead of today’s slew of corporate results. The Fed’s extremely dovish tone yesterday was already largely priced in and didn’t lead to extreme price action on stock markets. Even though Jay Powell pledged to keep the macro environment extremely accommodative using all…

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daily market analysis
July 29, 2020 BY Valentina Kirilova

Daily market commentary: The US Dollar Index plunges to its lowest in more than 2 years

EUROPEAN SHARES  European stock markets continued their consolidation on Wednesday, following an Asian trading session without clear direction. Even if global fiscal and monetary stimulus provided investors with some sort of insurance against deeper market corrections, the current busy macro environment makes short-term market predictions very difficult for traders. The current lack of market directionality…

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daily market analysis
July 28, 2020 BY Valentina Kirilova

Daily market commentary: A new record for gold

EUROPEAN SHARES  European markets are mostly trading higher but without a clear direction nor significant volatility on Tuesday as the “wait and see” mood continues on riskier assets. The current short-term lack of directionality is partly explained by expectations investors have towards the ongoing negotiations between Republicans and Democrats in the Senate about a multi-trillion-dollar…

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daily market analysis
July 27, 2020 BY Valentina Kirilova

Daily market commentary: Gold climbs to its highest price ever

EUROPEAN SHARES  European shares opened lower on Monday as market sentiment remains subdued with stock traders bracing for another busy week. The deadly virus is still having a strong impact on markets despite the global monetary and fiscal response. Increasing COVID-19 cases around the world recently have led to some renewed lockdown and quarantine measures,…

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daily market analysis
July 23, 2020 BY Valentina Kirilova

Daily market commentary: The Dollar Index continues to decline

EUROPEAN SHARES  Stocks opened slightly higher in most European markets on Thursday, retracing some of yesterday’s losses while market sentiment remains mixed and directionless on a very short-term basis. Even if most bullish trends remain valid on European benchmarks so far, especially on the DAX-30 Index, lingering concerns over the uncertainty on the timing of…

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daily market analysis
July 21, 2020 BY Valentina Kirilova

Daily market commentary: Gold has broken a new record

EUROPEAN SHARES  European stocks are trading significantly as investors welcome the deal reached by EU leaders on the new €750 billion virus relief package. While this news is the main driver, markets are also being supported by the latest positive developments in the search for a vaccine. Most investors will now switch their focus to…

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daily market analysis
July 20, 2020 BY Steffy Bogdanova

Daily market commentary: The euro is recording gains, hitting a four-month high versus the US dollar

EUROPEAN SHARES  European indices had a mixed opening mixed on Monday, with the energy and financial sectors weighing on most benchmarks as traders brace for another busy week. While the direction of European stocks remains uncertain this week, market volatility is likely to be on the rise. Indeed, most investors are patiently monitoring the discussions…

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