Daily market commentary: The rise in rise in consumer prices is expected to start slowing down LeapRate

August 10, 2022 BY Steffy Bogdanova

Daily market commentary: The rise in rise in consumer prices is expected to start slowing down

On the other hand, a surprisingly high inflation number could lead to investors pricing-in an even more aggressive Fed, in a dynamic that would further strengthen the US dollar. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a trading…

August 10, 2022 BY Steffy Bogdanova

Weekly data: focus on US CPI ahead of Friday’s British releases

Overall, the dollar reacted positively to strong job data at the end of last week because that suggests the American economy isn’t as weak as had been feared. However, ongoing gains by the greenback have been absent in most pairs as it remains technically overbought with few exceptions. The very clear resistance on this chart…

August 09, 2022 BY Steffy Bogdanova

Daily market commentary: European markets slide slightly lower

European Shares European markets slid slightly lower at the beginning of the trading session on Tuesday, as investors assess lingering risks coming from different fronts. Inflation, geopolitical tensions, monetary policies; a lot of this year’s uncertainty may have already been priced in, but bullish market drivers are still hard to find and there is a…

August 08, 2022 BY Steffy Bogdanova

Weekly data: Gold’s rally might be cut short, Oil’s headwinds continue

Oil’s headwinds continue Brent Crude (symbol ‘UKOIL’) made losses in the first week of August, reaching around $95 and erasing all the gains after Russia’s latest invasion of Ukraine. The USA’s technical recession and signs of a general economic slowdown around the world have affected sentiment negatively, while there are some signs of increasing supply…

August 08, 2022 BY Steffy Bogdanova

Daily market commentary: Brent crude oil prices are rising

European Shares European stocks climbed at the beginning of the trading session on Monday, alongside US futures while Asian shares closed on a mixed tone. Tech and energy shares were among the top performers following the opening bell as investors, pushed by a strong earnings season and the prospect of positive nuclear talks with Iran…

August 05, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar records modest gains against other major currencies

European Shares Most European shares continued to climb on Friday, following the Asian trend, while US futures also point to a firmer opening ahead of the last trading session of the week. Corporate earnings, especially from the tech sector, are continuing to supporting market sentiment and appetite for riskier assets in August, as investors seize…

August 04, 2022 BY Steffy Bogdanova

Daily market commentary: The British pound rises against the euro

With a 50 basis points hike already priced-in, the impact of today’s announcement on sterling is likely to be minimal. However, a surprise lower increase would surely generate pound weakness. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a…

August 03, 2022 BY Steffy Bogdanova

Daily market commentary: Brent oil prices are trading almost flat, after dropping nearly 4% during the two previous sessions

Oil Brent oil prices are trading almost flat this morning, after dropping almost 4% during the two previous sessions. The price of the barrel has been coming under pressure, as fears of a recession grow in Europe and the US, and China’s Covid-zero policy continues to affect activity, creating a scenario that entails a drop…

August 02, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar remains close to the lowest level in weeks

Oil Brent oil prices are falling during early Tuesday trading, continuing the movement initiated during the previous session. The release of disappointing manufacturing data reinforced the view that a recession is looming on the horizon, a scenario that entails a drop in future demand for oil. At the same time, some observers believe that the…

August 01, 2022 BY Steffy Bogdanova

Weekly data: Balance of trade and central banks ahead of the NFP

A sustained bounce seems unlikely in the runup to the NFP, but the chart also suggests some positivity. There was some follow through on the bounce from oversold and stochastic crossover around the middle of last month, with the price now still not quite overbought. Volume has increased compared to Q2’s average. The next main…

Category: Market News