Daily market commentary: Stock indices slid lower, extending overnight losses in Asia LeapRate

June 03, 2021 BY Steffy Bogdanova

Daily market commentary: Stock indices slid lower, extending overnight losses in Asia

EUROPEAN SHARES Stock indices slid lower on Thursday, extending losses registered overnight in Asia, amid decreasing appetite for riskier assets ahead of key macro data. Today’s market sentiment is a reaction to the recent hawkish comments from Fed officials about tapering, confirming what many investors have been anticipating for the last couple weeks. However, even…

June 02, 2021 BY Steffy Bogdanova

Daily market commentary: Europe still lags behind the US

EUROPEAN SHARES European shares fluctuated after the opening bell, carrying on the trend from Asian markets, amid uncertain market sentiment. While market volatility is slowly decreasing this week, the price movements seem to be increasingly lacking in direction as many investors remain torn between the global economic recovery and inflation concerns. Most traders are now…

June 01, 2021 BY Steffy Bogdanova

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

EUROPEAN SHARES European markets climbed significantly higher on Tuesday, carrying on the trend from another strong trading session in Asia overnight. Investors seem determined to send stock prices higher on the first day of the month amid a fresh boost to market sentiment provided by solid Chinese macro data as well as optimism about the…

May 27, 2021 BY Steffy Bogdanova

Daily market commentary: The New Zealand dollar continued to gain ground on the US dollar

GOLD The dollar’s recovery attempt hasn’t curbed the strength of gold seen in the last few days. The price is challenging the resistance zone at $1,900, while the main trend still appears positive for bullion as investors' interest for gold has returned. From a technical point of view, gold looks on track to continue its…

May 26, 2021 BY Steffy Bogdanova

Daily market commentary: The euro has gained more than 0.6% versus the pound

EUROPEAN SHARES European shares alongside US futures contracts opened mostly in the green on Wednesday amid resurging risk appetite from investors. Central bank officials in both Europe and the US have continued to play down worries over rising prices, qualifying the current mounting inflation as “transitory”. However, even if central bankers want to reassure traders…

May 24, 2021 BY Steffy Bogdanova

Daily market commentary: European markets opened modestly higher

EUROPEAN SHARES European markets opened modestly higher at the beginning of the week, providing a mixed sectoral performance picture as gains in tech and banking shares offset declines from miners. Investors returned cautiously to their trading desk with uncertainty reigning following China’s crackdown on commodities and crypto markets, which sparked a significant increase in volatility.…

May 21, 2021 BY Steffy Bogdanova

Daily market commentary: the Dollar Index is ending the week having given up all those gains

GOLD Gold is steady just above the threshold of $1,870. The modest gains seen this week should be considered in a bigger picture, as it is the third week in a row in green for bullion. The main trend is still positive with investors buying gold on the weakness of the dollar and as a…

May 20, 2021 BY Steffy Bogdanova

Daily market commentary: Gold vs Bitcoin

GOLD VS BITCOIN To put things into context, gold lost 45% of its value over the space of over 4 years between late 2011 and the end of 2015. Yesterday it moved in a range of around 2%. By contrast, bitcoin has fallen as much as 55% from the peak reached on the 14th of April,…

May 19, 2021 BY Steffy Bogdanova

Daily market commentary: The pound is retreating from multi-month highs against the dollar

GOLD Gold just reached a new four-month-high, before slightly curbing its recovery. Buyers are moving to gold, in response to a combination of factors. The two most notable are surely the weakness of the greenback, with the Dollar Index at its lowest for 3 months, and inflation fears. Moreover, risk-on has slowed down, with a…

May 18, 2021 BY Steffy Bogdanova

Daily market commentary: US Dollar index dropped to the lowest point since February

OIL Inflations fears triggered a fall in stocks for less than 48 hours. After this, the dominant scenario went back to the “normality” of the last few months of a risk-on approach to the markets. Combined with a weak dollar, this has been the perfect scenario for further recovery of oil, lifted further by positive…

Category: Carlo Alberto De Casa

Daily market commentary: Stock indices slid lower, extending overnight losses in Asia

Daily market commentary: Europe still lags behind the US

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

Daily market commentary: The New Zealand dollar continued to gain ground on the US dollar

Daily market commentary: The euro has gained more than 0.6% versus the pound

Daily market commentary: European markets opened modestly higher

Daily market commentary: the Dollar Index is ending the week having given up all those gains

Daily market commentary: Gold vs Bitcoin

Daily market commentary: The pound is retreating from multi-month highs against the dollar

Daily market commentary: US Dollar index dropped to the lowest point since February

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