Forex Weekly Look Back: HSBC winds down US retail banking business, Playtech to sell Finalto for $210 million LeapRate

May 28, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: HSBC winds down US retail banking business, Playtech to sell Finalto for $210 million

The governor of the Bank of Korea suggested that cryptocurrency trades from South Korean citizens are a potential threat to the country’s financial system. Increased trading of virtual assets – known for their volatile pricing – is threatening to leave the nation’s financial system at risk of instability, according to the Governor of the Bank…

May 27, 2021 BY Steffy Bogdanova

Daily market commentary: The New Zealand dollar continued to gain ground on the US dollar

GOLD The dollar’s recovery attempt hasn’t curbed the strength of gold seen in the last few days. The price is challenging the resistance zone at $1,900, while the main trend still appears positive for bullion as investors' interest for gold has returned. From a technical point of view, gold looks on track to continue its…

May 26, 2021 BY Steffy Bogdanova

Daily market commentary: The euro has gained more than 0.6% versus the pound

EUROPEAN SHARES European shares alongside US futures contracts opened mostly in the green on Wednesday amid resurging risk appetite from investors. Central bank officials in both Europe and the US have continued to play down worries over rising prices, qualifying the current mounting inflation as “transitory”. However, even if central bankers want to reassure traders…

May 24, 2021 BY Steffy Bogdanova

Daily market commentary: European markets opened modestly higher

EUROPEAN SHARES European markets opened modestly higher at the beginning of the week, providing a mixed sectoral performance picture as gains in tech and banking shares offset declines from miners. Investors returned cautiously to their trading desk with uncertainty reigning following China’s crackdown on commodities and crypto markets, which sparked a significant increase in volatility.…

May 21, 2021 BY Steffy Bogdanova

Daily market commentary: the Dollar Index is ending the week having given up all those gains

GOLD Gold is steady just above the threshold of $1,870. The modest gains seen this week should be considered in a bigger picture, as it is the third week in a row in green for bullion. The main trend is still positive with investors buying gold on the weakness of the dollar and as a…

May 21, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: Admirals launches copy trading service, StoneX Markets rolls out self-service OTC platform

Apifiny announced the appointment of ex-Goldman Sachs Vice President, Jason Jiang, as its latest Chief Technology Officer. The latest appointment at the crypto mining firm is the latest in a trend of veteran executives in the financial industry joining rapid-growth digital asset companies seeking a fast solution to the growing demand from retail and institutions…

May 20, 2021 BY Steffy Bogdanova

Daily market commentary: Gold vs Bitcoin

GOLD VS BITCOIN To put things into context, gold lost 45% of its value over the space of over 4 years between late 2011 and the end of 2015. Yesterday it moved in a range of around 2%. By contrast, bitcoin has fallen as much as 55% from the peak reached on the 14th of April,…

May 19, 2021 BY Steffy Bogdanova

Daily market commentary: The pound is retreating from multi-month highs against the dollar

GOLD Gold just reached a new four-month-high, before slightly curbing its recovery. Buyers are moving to gold, in response to a combination of factors. The two most notable are surely the weakness of the greenback, with the Dollar Index at its lowest for 3 months, and inflation fears. Moreover, risk-on has slowed down, with a…

May 18, 2021 BY Steffy Bogdanova

Daily market commentary: US Dollar index dropped to the lowest point since February

OIL Inflations fears triggered a fall in stocks for less than 48 hours. After this, the dominant scenario went back to the “normality” of the last few months of a risk-on approach to the markets. Combined with a weak dollar, this has been the perfect scenario for further recovery of oil, lifted further by positive…

May 17, 2021 BY Steffy Bogdanova

Daily market commentary: The concern over rising prices that sparked last week’s sell-off on stocks hasn’t vanished

EUROPEAN SHARES Shares fluctuated in Europe at the beginning of the week with no significant price action so far, amid a lingering cautious trading stance from investors. The concern over rising prices that sparked last week’s sell-off on stocks, especially on tech shares, hasn’t vanished despite Fed officials playing down inflation data. Even if there…

Category: Market News