Category: Market News

Daily Market Commentary
October 05, 2022 BY Steffy Bogdanova

Daily market commentary: The greenback loses streak, drops more than 4%

European Shares European shares fluctuated following the opening bell on Wednesday, with market sentiment taking a break as investors await further macro developments. Most benchmarks were trading sideways this morning, holding their gains following the best weekly start in months for equities and ahead of another day full of important macro news. The bullish enthusiasm…

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Weekly data: Oil and Gold price action before the NFP
October 03, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices are holding above the $1,660 level

European Shares Share markets fluctuated in Europe on Monday, following the mixed trading session registered overnight in Asia, as traders start their week on a cautious note. The bearish sentiment remains towards riskier assets as investors are weighed down by lingering inflation fears and tightening monetary conditions ahead of another busy week on the macro…

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Daily Market Commentary
September 30, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index is on track for a third consecutive session in the red

European Shares EU shares pared some of yesterday’s losses this morning, edging higher as market sentiment improved slightly for the end of the week. Investors drove most benchmarks higher on Friday, in a corrective bullish move following another annual low in session yesterday, as they cheered positive macro data from the UK, France and Germany.…

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Reduced retail sales curbs the pound
September 29, 2022 BY Steffy Bogdanova

Daily market commentary: Sterling posted the largest daily gain in relation to the US dollar since June

European Shares European markets pared gains and even registered further losses on Thursday, following a global trend, as a risk-off trading stance remains well in place in investors’ minds. Market sentiment stays significantly weighed down by rising uncertainty, brought to the markets by higher borrowing costs, elevated price pressure and the prospect of an economic…

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September 29, 2022 BY Steffy Bogdanova

Midweek data: US PCE and final GDP in view

However, sentiment on monetary policy and economic conditions has changed rapidly over the last few days, so it makes sense in the context not to rely too much on the chart. In the unlikely event of a significant revision upward in American GDP for the second quarter, the price might push sharply lower in the…

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Daily Market Commentary
September 28, 2022 BY Steffy Bogdanova

Daily market commentary: The euro touches a fresh 20-year low

The war in Ukraine presents many risks for the old continent, both in the geopolitical and economic sphere, and the recent escalation related to the sabotage of the Nordstream pipelines, it appears that Europe may be about to face a very difficult winter. Against this background further euro weakness may be on the cards. Ricardo…

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European stock market experiences positive change
September 27, 2022 BY Steffy Bogdanova

Daily market commentary: Stock indices climb in Europe, following a positive trading session in Asia

That said, the Stoxx-50 index still trades inside its short-term bearish channel, currently close to the upper band, while the RSI indicator may indicate a potential lateral consolidation to come. The overall sentiment remains clearly bearish for riskier assets and investors are likely to stay focused towards macro developments with today’s speeches from Fed chair…

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