Daily market commentary: Equities drift in Europe, while US futures also point to a bearish open LeapRate

European stock market experiences positive change

December 23, 2022 BY Steffy Bogdanova

Daily market commentary: Equities drift in Europe, while US futures also point to a bearish open

European Shares Equities drifted in Europe on Friday, extending overnight losses in Asia while US futures also point to a bearish open for the last significant trading session of 2022. This morning’s slew of mixed macro data from the old continent, including the French PPI, Spanish GDP and Italian business and consumer confidence, combined with…

December 22, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index approaches a six-month low

European Shares European markets are set for another bullish trading session after gains were registered shortly after the opening bell on Thursday, extending the trend spotted in Asia overnight as well as on US futures. This week’s bullish sentiment lingers after yesterday’s reassuring US consumer confidence data and the recent declaration from Chinese regulators, pledging…

December 21, 2022 BY Steffy Bogdanova

Daily market commentary: The yen remains the centre of attention as markets digest Bank of Japan’s decision

European Shares Benchmarks extended Tuesday’s gains in Europe this morning, alongside US futures, providing investors with a little relief following one of the most bearish week in months for equities. Both French and German indices lead the way on the old continent, driving the STOXX-50 index above the 3,800 pts mark as bull traders managed…

December 20, 2022 BY Steffy Bogdanova

Daily market commentary: The Japanese yen touched a four-month high versus the US dollar

Judging by the market reaction, with the yield on the 10-year JGB reaching 0.46%, which is well above the previous 0.25% cap, there may scope for further yen gains in the short-to-medium term. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is…

December 20, 2022 BY Steffy Bogdanova

Weekly data: Oil and Gold price action after Chinese ease on Covid restrictions

The US energy department announced on Friday that it will start repurchasing crude for the Strategic Petroleum Reserve - the first purchases since releasing a record 180 million barrels from the reserve this year in an effort to support the economy from increasing fuel costs. On the technical side we see the price continuing the…

December 19, 2022 BY Steffy Bogdanova

Daily market commentary: Stock benchmarks are getting back some of the ground lost over the past two weeks

This should maintain significant pressure to those markets until the next earning season, which makes the short- to mid-term outlook for stocks difficult to assess. That said, a bullish leverage from China may provide a boost towards equities this week after Beijing abandoned its “Covid Zero” policy and pledged more growth in 2023. The STOXX-50…

December 16, 2022 BY Steffy Bogdanova

Daily market commentary: Risk appetite decreased after renewed hints of an uncertain economic outlook

The report isn’t expected to show any major change compared with last month, but a number above or below the 10% mark could significantly impact market sentiment today. Technically speaking, the STOXX-50 index has already broken-out a major support at 3,850.0pts (23.6% Fibonacci) and now heads further down towards the next at 3,735.0pts (38.2%) before…

December 15, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar bounced back as the Federal Reserve announced an interest rate hike of 0.5%

The figures revealed that consumer prices rose less than expected for the second month in a row, strengthening the case for slower rate hikes, with the Fed now more likely to announce a 50 basis points increase later today, instead of previously assumed 75 bp. Against this background, there may be scope for further dollar…

December 14, 2022 BY Steffy Bogdanova

Daily market commentary: The greenback sinks to the lowest level in six months

December 13, 2022 BY Steffy Bogdanova

Daily market commentary: Investors are sitting on the fence ahead of the release of US inflation data

If today’s numbers are once again lower than predicted there will be scope for further dollar softness, as investors may start to price-in expectations of a more dovish Fed. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a trading…

Category: Experts

Daily market commentary: Equities drift in Europe, while US futures also point to a bearish open

Daily market commentary: The US dollar index approaches a six-month low

Daily market commentary: The yen remains the centre of attention as markets digest Bank of Japan’s decision

Daily market commentary: The Japanese yen touched a four-month high versus the US dollar

Weekly data: Oil and Gold price action after Chinese ease on Covid restrictions

Daily market commentary: Stock benchmarks are getting back some of the ground lost over the past two weeks

Daily market commentary: Risk appetite decreased after renewed hints of an uncertain economic outlook

Daily market commentary: The US dollar bounced back as the Federal Reserve announced an interest rate hike of 0.5%

Daily market commentary: The greenback sinks to the lowest level in six months

Daily market commentary: Investors are sitting on the fence ahead of the release of US inflation data

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