Daily market commentary: Markets drift in Europe as investors digest the latest US inflation data LeapRate

January 13, 2023 BY Steffy Bogdanova

Daily market commentary: Markets drift in Europe as investors digest the latest US inflation data

The first support can be found over 15,000.0pts while an extension of the market correction could lead prices to test newly established market floors such as the 14,820.0pts zone (23.6% Fibonacci). Pierre Veyret– Technical analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a…

January 12, 2023 BY Steffy Bogdanova

Daily market commentary: The US dollar index is trading almost flat, ahead of US inflation figures release

European Shares Stock markets continued to climb globally on Thursday, as all European benchmarks extended gains ahead of the highly awaited US inflation report. The general sentiment remains clearly bullish this week as investors keep pushing riskier assets higher, boosted by easing recession worries and the prospect of a “soft landing” from the Fed. However,…

January 11, 2023 BY Steffy Bogdanova

Daily market commentary: The dominating sentiment in the oil market is bearish

European Shares Stocks edged higher in Europe on Wednesday, extending gains registered by Asian benchmarks overnight, as bullish sentiment stays alive ahead of key macro data. Consumer cyclicals, real estate and energy shares led the way following the opening bell, while industrials and utilities registered slight losses on the old continent, as market sentiment remains…

January 10, 2023 BY Steffy Bogdanova

Daily market commentary: Gold prices are finding support due to the weakening of the US dollar

European Shares European markets opened mostly in the green on Tuesday, despite Asian shares closing mixed overnight, while US benchmarks also point to an uneven open. Risk appetite seems to have a taken a short-term break as many investors seek more clarity about how far central banks will go with their monetary tightening cycle. The…

January 10, 2023 BY Steffy Bogdanova

Weekly data: Oil and Gold price action after positive news for the Dollar

In the previous week after some very positive news for the dollar like a decreased trade deficit on the balance of trade, lowered unemployment rate and better than expected NFP. This created some losses on the oil chart against a stronger dollar and is currently on the move to regain back those losses. On the…

January 09, 2023 BY Steffy Bogdanova

Daily market commentary: The US dollar starts the week on the back foot

Oil Brent oil prices rose during early European trading. The reopening of the Chinese economy is playing an important role in the change of outlook for oil demand, which is now expected to recover. At the same time, the end of the zero-covid policy mitigates fears of a serious global recession, while the dollar is…

January 06, 2023 BY Steffy Bogdanova

Market Analysis: UnitedHealth Group to continue earnings streak, Taiwan Semiconductor Manufacturing Company within the “dynamic area” on chart

Taiwan Semiconductor Manufacturing Company within the “dynamic area” on chart Taiwan Semiconductor Manufacturing Company Inc (symbol ‘TSM’) stock value has made some losses in the last month of the quarter but it is still on the positive side when it comes to overall quarterly gains. The company is expected to report its earnings for the…

January 05, 2023 BY Steffy Bogdanova

Daily market commentary: The US dollar hedged up, following the release of the latest Fed minutes

European Shares Stocks registered a smooth decline in Europe on Thursday, as benchmarks pulled back towards newly established support levels following a three-day winning streak. Healthcare and consumer cyclicals are among the top losers today, while the real estate sector and energy shares prevented indices from falling much deeper. The STOXX-50 index is trading 0.50%…

January 04, 2023 BY Steffy Bogdanova

Daily market commentary: The euro is on the front foot versus the dollar, as optimism takes over market sentiment

European Shares European shares extended gains registered overnight in Asia on Wednesday, as the New Year’s rally looks set to continue this week. Risk appetite stays on the rise today, despite mixed macro data from the old continent, as investors cheered positive news from China after Beijing is said to be considering extended support measures…

January 03, 2023 BY Steffy Bogdanova

Daily market commentary: A bullish sentiment prevails in Europe for the first trading session of the year

The 3,890 pts / 3,900 pts zone will be closely watched by investors, as a clearing of this area following today’s close could potentially drive markets further up towards 3,950 pts and 4,000 pts by extension. A failure to clear this level could dramatically dent market sentiment and send prices back to 3,800 pts and…

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