Category: Market News

European stock market experiences positive change
October 20, 2022 BY Steffy Bogdanova

Daily market commentary: Uncertainty and scepticism linger as the short- to mid-term outlook remains blurry

This starts raising questions over stock/riskier assets exposure for professional investors, a situation that could drive benchmarks to new annual lows if fundamentals don’t show any sign of improvement. Technically speaking, most stock indices failed to clear their major resistance levels yesterday as buyers aren’t strong or numerous enough to keep control of stock markets…

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October 19, 2022 BY Steffy Bogdanova

Daily market commentary: UK consumer prices return to levels not seen for 40 years

European Shares Share markets pared earlier gains on Wednesday, extending Asian losses while US futures also point to a lower open. This bearish sentiment remains mostly driven by profit-taking moves after benchmarks hit key resistance levels, following a two-day rally, while major uncertainties linger. EU stock investors have been disappointed by a higher-than-estimated UK CPI report earlier…

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Daily Market Commentary
October 18, 2022 BY Steffy Bogdanova

Daily market commentary: Sterling bounced back against the dollar

European Shares Most EU benchmarks held their gains on Tuesday, extending the bullish sentiment confirmed overnight in Asia, as the rebound continues. Investors keep pushing stock indices higher following the rebound over the annual lows at the end of last week, and growing risk appetite can now be seen across different asset classes such as…

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Reduced retail sales curbs the pound
October 17, 2022 BY Steffy Bogdanova

Daily market commentary: The pound is starting the week on the front foot

European Shares European markets climbed on Monday, alongside US futures, trimming some of last week’s losses as market sentiment strengthens. Utilities and energy shares are leading benchmarks higher this morning while the FTSE-100 index brings one of the best performances of the old continent, as investors cheered the reversal of previously announced unfunded tax cuts…

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October 13, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar is trading flat with investors focused on the release of US inflation data

On the other hand, should US inflation surprise to the upside, the Federal Reserve will be unlikely to deviate from its current path of hiking rates and reducing the balance sheet, in which case further dollar gains can be expected. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do…

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Daily Market Commentary
October 12, 2022 BY Steffy Bogdanova

Daily market commentary: The pound claims back some of its losses

The UK government’s plans for an unfunded fiscal expansion is seen by most as an unorthodox and risky move. Therefore, it is likely to continue to cast a shadow over the country’s economic stability, keeping the pound under pressure. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not…

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October 11, 2022 BY Steffy Bogdanova

Weekly data: British GDP and balance of trade ahead of US CPI

TA would traditionally suggest an ongoing movement lower with there being no overbought signals from either the slow stochastic or Bollinger Bands and a fairly clear rejection around $1.15. The medium-term target might be 27 September’s closing low slightly above $1.07. However, the liveliness and duration of the dollar’s uptrend so far this year might…

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