Forex Weekly Look Back: IG reports successful financial year, market situation in Germany explained LeapRate

July 24, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: IG reports successful financial year, market situation in Germany explained

The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, began developing common taxonomy for stablecoins which will also cover crypto-assets more broadly. The development of taxonomy will create common regulatory classifications of the sablecoins in response to their recent growth before they fragment any further. The WFE asked the Financial Stability…

July 24, 2020 BY Valentina Kirilova

Daily market commentary: The dollar continues to lose ground

GOLD US Treasury Secretary Steven Mnuchin’s comments yesterday about the need for a stable US dollar, has not led investors to change their view on yellow metal, and gold fever remains huge. Bullion is getting closer to $1,900, while the only resistance left for gold is the historical peak of 2011, which is just 1%…

July 23, 2020 BY Valentina Kirilova

Daily market commentary: The Dollar Index continues to decline

EUROPEAN SHARES Stocks opened slightly higher in most European markets on Thursday, retracing some of yesterday’s losses while market sentiment remains mixed and directionless on a very short-term basis. Even if most bullish trends remain valid on European benchmarks so far, especially on the DAX-30 Index, lingering concerns over the uncertainty on the timing of…

July 23, 2020 BY Valentina Kirilova

Daily Market News: Tesla on the road to S&P 500 as dollar tumbles

UK stocks cool on Brexit trade fear and China tensions Both major UK stock indices fell on Wednesday on the back of rising China tensions and Brexit trade gloom, with the FTSE 100 down 1%. Both indices dipped on the news that the UK Government was close to ‘giving up hope’ of a Brexit trade…

July 22, 2020 BY Valentina Kirilova

Daily Market News: Coca-Cola sales down 30%, but chief executive says worst is over

UK stocks flat as stronger pound balances out sentiment boost from EU aid deal The FTSE 100 was flat on Tuesday, after EU leaders agreed a 1.8 trillion euro aid and budget deal to help support member states, following days of negotiating. A jump in the value of the pound versus the US dollar tempered…

July 22, 2020 BY Valentina Kirilova

Daily market commentary: The euro reaches a 17-month high versus the dollar

EUROPEAN SHARES Stocks slid slightly lower in the old continent on Wednesday, following the trend set overnight in Asia, as a risk-off trading stance is emerging amid growing uncertainty. Even if most stock indices achieved fresh highs this week, boosted by the agreement on the EU recovery package, market sentiment is becoming increasingly weighed down…

July 21, 2020 BY Valentina Kirilova

Daily Market News: S&P 500 positive year-to-date after Amazon posts best day since 2018

FTSE 100 falters despite vaccine news, BofE top economist says recovery has been V-shaped Despite the promising results from the University of Oxford vaccine trial, the FTSE 100 still sank on Monday, closing the day 0.5% lower. Stock wise, a mixture of names dragged the FTSE 100 lower. International Consolidated Airlines Group, British American Tobacco…

July 21, 2020 BY Valentina Kirilova

Daily market commentary: Gold has broken a new record

EUROPEAN SHARES European stocks are trading significantly as investors welcome the deal reached by EU leaders on the new €750 billion virus relief package. While this news is the main driver, markets are also being supported by the latest positive developments in the search for a vaccine. Most investors will now switch their focus to…

July 20, 2020 BY Valentina Kirilova

Weekly data preview: EU summit takes centre stage

Key data this week Bold indicates the most important release for this symbol. Thursday 23 July, 6.00 GMT: German GfK consumer confidence (August) - consensus -4.8, previous -9.6 Thursday 23 July, 12.30 GMT: initial jobless claims (18 July) - consensus 1.29 million, previous 1.3 million Friday 24 July, 7.30 GMT: German Markit manufacturing PMI (flash,…

July 20, 2020 BY Steffy Bogdanova

Daily market commentary: The euro is recording gains, hitting a four-month high versus the US dollar

EUROPEAN SHARES European indices had a mixed opening mixed on Monday, with the energy and financial sectors weighing on most benchmarks as traders brace for another busy week. While the direction of European stocks remains uncertain this week, market volatility is likely to be on the rise. Indeed, most investors are patiently monitoring the discussions…

Category: Market News