The Stoxx-50 index is testing its first available short-term support level over 3,775pts following a bullish opening boosted by healthcare and utility shares. This morning’s pull-back on the previous resistance, now seen as a support, may be an occasion for the market to establish a new floor prior to reaching higher highs towards the 3,845pts/3,850pts…
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European Shares European markets followed the global trend on Thursday, extending a rally as market sentiment strengthened following the latest softer US CPI report. Cash went back from safe havens to riskier assets after investors cheered the US inflation data for July showing a decrease below estimates, which immediately sparked hopes of a less aggressive…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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