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

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…

August 04, 2021 BY Steffy Bogdanova

Daily market commentary: The New Zealand dollar is the standout performer of the week so far

GOLD Gold is still trading inside its mid-term bullish channel, above the support at $1,808 as well as the 89 period Exponential Moving Average (EMA) despite an increase in risk appetite. It is not so usual to see “risk-off” assets edge higher even as stocks and other riskier assets trade near record levels as the…

August 03, 2021 BY Steffy Bogdanova

Daily market commentary: The US dollar is down against the other major currencies

OIL Oil markets are holding losses following yesterday’s break-out of their short-term bullish channel. Market sentiment towards oil turned negative this week as more and more bearish drivers piled up, leading prices to a sharp but potentially limited correction. In fact, short-term investors scared by demand disruptions from China, caused by the rapid spread of…

August 02, 2021 BY Steffy Bogdanova

Daily market commentary: The US dollar is trading almost flat

OIL Black gold keeps on trading inside its mid-term bullish channel today despite its failure to clear the $73.85 level last week. The current rebound over the lower band of the bullish channel at $72.30 isn’t reassuring investors as it remains limited compared to the recent 2% correction. Despite a decreasing US dollar providing fresh…

Category: Experts

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

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

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

Daily market commentary: The Dollar Index continues to gain ground

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

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

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

Daily market commentary: The New Zealand dollar is the standout performer of the week so far

Daily market commentary: The US dollar is down against the other major currencies

Daily market commentary: The US dollar is trading almost flat

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