GOLD We are picking up where we left off last week with gold: the precious metal is consolidating its recovery as the EUR/USD exchange rate jumped above 1.20. US yields are continuing to weaken and this scenario is supportive for bullion, as the negative correlation with the greenback remains in place. After surpassing $1,750, gold…
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GOLD US Treasury yields are going down, pulling down the dollar. In this scenario, it’s little surprise that gold has managed to break up the resistance at $1,750, a move that confirms the improving market sentiment towards gold. From a technical point of view, the climb above $1,750 represents a positive signal, as bullion continues…
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EUROPEAN SHARES European markets traded in green territory from Stockholm to Madrid on Thursday as investors’ optimism is on the rise following the latest batch of corporate results. Despite disappointing trading in Coinbase shares yesterday, with the stock price dropping shortly after the IPO, this was more than offset by strong earnings from the banking…
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EUROPEAN SHARES European shares mostly traded higher on Wednesday, despite an uneven performance across the continent with mixed earning reports in different areas. While most benchmarks remain close to their record highs, some technical indicators suggest that the price action is losing directionality. Indeed, investors seem to be keen to drive stock prices higher but…
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GOLD The US Dollar is showing fractional gains against the eurozone currency, while the Dollar Index is also recovering and US yields are in green as well. These movements are similarly reflected on the gold price, which is showing a marginal loss and remains below the key resistance at $1,750. Only a clear surpass of…
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EUROPEAN SHARES European equities were trading slightly lower at Friday’s open, without clear direction, following a negative Asian session as Chinese inflation weighs on market sentiment. Even if most investors were recently reassured by FED officials confirming the need to persist with the current strong monetary support to the economy, today’s CPI data from China…
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OIL In the last two weeks WTI has moved in a lateral trading range but it appears clear that the black gold has lost momentum. After months of rallying, investors look to have fully priced in recovery expectations after last year’s crisis so for any new rallies to be generated, investors will need some new…
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GOLD Bullion’s recovery has been stopped – for the time being – by the resistance placed at $1,750, as mentioned in the last few days' commentaries. A solid bounce above this level could pull in more buyers but for the moment gold is still recovering momentum after the double bottom at $1,675, helped by the…
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GOLD Gold is consolidating above $1,730 as the greenback is slowing down. From a technical point of view, we are still in a lateral scenario in which only a clear climb above $1,750 can open space for further recoveries. That said, the bearish pressure seen in the last few weeks is losing strength and bullion…
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EUROPEAN SHARES It’s going to be a toneless day for stocks as many markets will remain shut until next Tuesday for Easter. Despite the uncertain start to this week’s trading, new record highs were registered yesterday by both US and EU markets, indicating investors’ risk appetite remains strong. In the US the bullish sentiment has…
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