Category: Market News

Market Analysis
February 06, 2023 BY Steffy Bogdanova

Technical Market Outlook and Review: On the back of a buoyant dollar, downside risks for the EUR/USD remain high

XAU/USD (Gold) The price of gold ended European trading considerably off best levels versus the US dollar on Monday after H1 price pencilled in a picture-perfect rejection from Quasimodo support-turned resistance from $1,879. This reaffirms not only the scope for short-term flow to zero in on H1 Quasimodo resistance-turned potential support at $1,857, it also…

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European stock market experiences positive change
February 03, 2023 BY Steffy Bogdanova

Technical Market Outlook and Review Ahead of the NFP

S&P 500 Recent movement on the S&P 500 has largely been one sided since the index journeyed above weekly trendline resistance last week, taken from the high at 4,818. Up 2.7% on the week, the next level of resistance to perhaps throw a spanner in the works is Quasimodo resistance on the weekly scale at…

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February 01, 2023 BY Steffy Bogdanova

Midweek data: big week of central banks and the NFP

The chart itself definitely suggests that the euro has reached a plateau and might decline in the near future. Momentum to the upside has been low since the middle of January and the price has hovered in overbought for weeks while volume and ATR have both dropped significantly. Based on TA alone, one might expect…

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Weekly data: Oil and Gold price action before the NFP
January 31, 2023 BY Steffy Bogdanova

Daily market commentary: Gold prices are feeling the squeeze caused by a strengthening dollar

European Shares EU shares continued to drift on Tuesday, following another volatile session in Asia, as traders await this week’s central bank meetings. Most benchmarks traded lower in Europe, with all sectors moderately down, as investors weighed the latest patchy macro data from France and Germany, the two biggest economies of the Eurozone. In addition…

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European stock market experiences positive change
January 30, 2023 BY Steffy Bogdanova

Daily market commentary: Stock indices fell as traders brace for a busy week on the macro front

European Shares Stock indices fell shortly after the opening bell in Europe on Monday, extending losses registered overnight in Asia, as traders brace for a busy week on the macro front. Real estate and tech shares registered the worst performances and drove most benchmarks lower, in potential profit-taking moves following last week’s rally and ahead…

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January 29, 2023 BY Steffy Bogdanova

HYCM: Three market questions to ask for 2023

In short, the bank’s analysts believe that there is a possible path to a soft landing, but that this will be dependent on the Fed being able to tweak policy “just right” in order to stay on track. Even Larry Summers, who has previously stated that a recession was inevitable, has recently softened his own…

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Daily Market Commentary
January 27, 2023 BY Steffy Bogdanova

Daily market commentary: as Friday’s European trading session gets underway the greenback is still carrying a positive momentum

However, the upside for the greenback is limited; a more in-depth analysis of the GDP data reveals that the growth was, to a large extent, driven by inventories, and therefore likely to fizzle out later in the year. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the…

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January 26, 2023 BY Steffy Bogdanova

Daily market commentary: The markets are on standby mode, awaiting the release of US GDP figures later today

European Shares European shares climbed higher on Thursday, alongside US futures, as reassuring earnings keep on sustaining risk appetite. Every stock index of the old continent traded in green territory, with positive performances across almost all sectors, and tech stocks continue to lead the way. The cautious sentiment sparked by the sales warning from Microsoft…

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