The prospect of a return to normality, in an economy that is the world’s largest oil importer, was enough to make oil prices jump, in the first significant price rebound of the last two weeks. Ricardo Evangelista – Senior Analyst, ActivTrades Stocks traded mixed but with less volatility in Europe on Friday, read more... Disclaimer:…
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From the technical analysis perspective the price is currently trading around the $1.04800 price area above the 23.6% of the fibonacci retracement level. The US NFP release is expected to affect the fiber chart with the market expecting a decreased , yet positive, figure. This publication will most probably create volatility and might possibly give…
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Against this background, unless OPEC and its allies cut production, or the US decides to replenish its strategic reserves, there may be scope for further weakness in the price of oil. Ricardo Evangelista – Senior Analyst, ActivTrades Stocks traded mixed but with less volatility in Europe on Friday, read more... Disclaimer: opinions are personal to…
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The DAX-40 index is fluctuating since its impact on the 3,970.0pts resistance level (61.8% Fibonacci) and the MACD indicator already highlights a slowing bullish trend (bearish divergence) on the mid-term view. As previously said, a break-out of the 3,970.0pts level isn’t likely today, but the market may find further support over the 3,950.0pts, 3,935.0pts and…
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EU benchmarks remains well oriented this morning, with the DAX-40 index from Frankfurt registering the best performance so far as the market now trades well above the 14,500pts mark, with the 14,580.0pts resistance in sight. Pierre Veyret– Technical analyst, ActivTrades Brent oil prices hedged higher during Wednesday trading, read more... Disclaimer: opinions are personal to…
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Should such plans go ahead, Moscow is likely to react by further restricting exports, in a move that could create scope for further gains in the price of the barrel. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a…
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European Shares Stock markets opened without clear direction on Tuesday in Europe, extending the Asian trend, alongside US futures on the S&P500. Market sentiment remains toneless for the second trading day of the week as most investors are still struggling to assess the short- to mid-term outlook for risky assets. Even as rising covid cases…
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On the technical analysis point of view the price is currently trading around the $1,740just above the 61.8% of the Fibonacci retracement level. With a bear flag formation forming in the last 4 days we might see some continuation to the downside with a very strong area of support around the $1,712 price area which…
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European Shares European benchmarks opened mixed on Monday, continuing the trend started by Asian shares overnight, as market sentiment starts a new trading week under pressure. Risk appetite is on the downside this morning as investors digested the latest virus development from China where rising Covid deaths are sparking worries of tighter restrictions in the…
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European Shares European shares edged higher on Friday, despite Asian markets closing mixed as uncertainty rises at the end of the week. Market sentiment towards riskier assets was put under pressure at the end of the US trading session on Thursday after traders witnessed FOMC officials playing down hopes of a pause or pivot from…
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