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…
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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…
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However, investors may be tempted to take some profit out following the best monthly performance registered by equity markets since November 2020, while major bearish market drivers such as rising inflation, tightening liquidity and the prospect of a recession still linger. Today’s focus is likely to be towards PMI data from both the EU and…
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European Shares Stocks continued their rally in Europe on Friday, alongside US futures, as market sentiment improved following reassuring macro data in addition to positive corporate results. While today’s trading optimism was initially sparked by strong Q2 reports from Apple and Amazon yesterday evening, this morning’s surprising GDP data from Spain and France are driving…
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The markets responded immediately, with risk assets such as shares and bitcoin finding the front foot and recording substantial gains, while the US dollar, which until now had been propped up by the Fed’s hawkishness, dropped to the lowest level in three weeks. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the…
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European Shares Stock markets jumped higher from Tokyo to US future contracts in New-York, as investors cheered a batch of positive corporate results. Solid reports from tech giants Microsoft and Alphabet have given a fresh boost to market sentiment on Wednesday, sparking hopes that companies can handle tighter monetary conditions and a slower economy. However,…
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Oil Brent crude oil prices are rising during early Tuesday trading, in a second consecutive day of gains. Concerns over the supply of Russian gas to Europe are having a collateral impact on oil prices, as a potential squeeze on gas supplied to Europe is likely to increase demand of oil and other related fuels…
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The main downtrend is still active with the price below all of the 50, 100 and 200 SMAs, but there is no longer any sign of oversold from either the slow stochastic or Bollinger Bands; the former at around 65 is between neutral and overbought. The next movement for EURUSD depends on the reaction to…
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Gold Gold prices have barely moved during early Monday trading, reflecting the performance of the US dollar, which is also trading flat. Market expectations have settled on a 75bp rate hike by the Federal Reserve this Wednesday, and so the mood in the markets is now calmer, contrasting with the greater turbulence of previous weeks,…
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Meanwhile, the current political crisis in Italy following prime minister Mario Draghi’s resignation after the two key parties withdrew their support to the Government, is also adding uncertainty. However, despite today’s bearish price action, equity markets remain on their way to close their best week in a month, while investors try to assess whether this…
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