Daily market commentary: The dollar reverts to being the safe haven of choice LeapRate

April 15, 2020 BY Valentina Kirilova

Daily market commentary: The dollar reverts to being the safe haven of choice

EUROPEAN SHARES European markets slid lower on Wednesday, following the trend registered overnight by Asian benchmarks albeit on lower volumes than usual. Today’s uncertain market sentiment comes after investors started to digest the first few earnings reports with the financial sector publishing mixed results on Tuesday. This blurry picture is making it hard for traders…

April 14, 2020 BY Valentina Kirilova

Daily Market News: Uncertain response to Opec-Russia deal, Trump sets up showdown with state governors

FTSE 250 gains 14% in a week UK markets were closed on both Friday and Monday due to the Easter holiday, but over the past five trading days London-listed stocks have posted substantial gains. Small cap names in particular have enjoyed a major rally. The FTSE 250 is up 13.7% over the past five trading…

April 14, 2020 BY Valentina Kirilova

Daily market commentary: Gold is skyrocketing as uncertainty continues to dominate

EUROPEAN SHARES European shares trade higher on Tuesday, following a long weekend for traders and building on the boost to market sentiment carried over from the Asian session. Today’s risk appetite comes amid investors welcoming the reassuring release of China’s trade balance release, which topped estimates, while traders’ appetite was further boosted by strong signs…

April 13, 2020 BY Valentina Kirilova

Weekly data preview: decreasing fear could hit gold

Key data points Tuesday 14 April (all day): G7’s video meeting Wednesday 15 April, 12.30 GMT: American monthly retail sales (March) - consensus -7%, previous -0.5% Thursday 16 April, 12.30 GMT: American initial jobless claims (11 Apr) - consensus 4.7 million, previous 6.6 million Brent, four-hour There hasn’t been any ongoing direction for crude oil…

April 13, 2020 BY Valentina Kirilova

Daily market commentary: Investors not satisfied by the compromise reached between OPEC and other major oil producers

OIL Despite the world’s oil producers agreeing to a massive cut of 9.7 million barrels per day, the oil price was unable to hold onto its initial gains as investors are still expecting there to be a global oversupply for the next few months. After a positive gap when markets opened, WTI has fallen again…

April 10, 2020 BY Valentina Kirilova

Daily market commentary: It has been a good week for the Australian dollar

GOLD Gold is shining with the spot price closing in on its 7-year-high at $1,700. Bullion rallied after the announcement of the Federal Reserve’s new coronavirus stimulus. Another $2.3 trillion of lending will be in the system to soften the impact of the pandemic emergency. As mentioned in previous comments, markets are understanding and pricing…

April 10, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Financial markets and bitcoin in recovery, Japan to enforce new crypto laws

The Cyprus Securities and Exchange Commission (CySEC) suspended this week the Cyprus Investment Firm (CIF) authorisation of Cyprus Investment Firm Belight Capital Group Ltd on violations of regulatory requirements. Financial markets have been in recovery mode for the past several weeks after falling precipitously in mid-February due to the global COVID-19 pandemic. Bitcoin, to the…

April 09, 2020 BY Valentina Kirilova

Daily market commentary: Shares are trading higher in Europe

OIL After yesterday’s oil price rally, investors are in a wait and see mode as the OPEC+’s key virtual meeting approaches. It will be crucial for the group to reach a quick agreement to mitigate against the worst-case scenario of an enduring global glut, which was the result of the failure of the previous OPEC…

April 09, 2020 BY Valentina Kirilova

Daily Market News: Markets rise on infection peak optimism and stimulus hopes

What to watch US jobless claims: Another week of initial jobless claims data will be released on Thursday, after 10 million new people filed for unemployment in the US over the past two weeks. The consensus expectation, which last time was way below the mark, is for a figure of six million this week. Currently,…

April 08, 2020 BY Steffy Bogdanova

Daily market commentary: The US dollar is gaining ground against other major currencies

GOLD In the last few days we have seen an acceleration of the gold price as it seems that investors are starting to realize that central banks will be forced to print a huge amount of money and put in place other ultra-expensive measures to fight the coronavirus-induced crisis. From a technical point of view,…

Category: Market News

Daily market commentary: The dollar reverts to being the safe haven of choice

Daily Market News: Uncertain response to Opec-Russia deal, Trump sets up showdown with state governors

Daily market commentary: Gold is skyrocketing as uncertainty continues to dominate

Weekly data preview: decreasing fear could hit gold

Daily market commentary: Investors not satisfied by the compromise reached between OPEC and other major oil producers

Daily market commentary: It has been a good week for the Australian dollar

Forex Weekly Look Back: Financial markets and bitcoin in recovery, Japan to enforce new crypto laws

Daily market commentary: Shares are trading higher in Europe

Daily Market News: Markets rise on infection peak optimism and stimulus hopes

Daily market commentary: The US dollar is gaining ground against other major currencies

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