GOLD AND PALLADIUM Gold was moderately hit by the turmoil seen on the markets in the last few days as inflation fears and rising US yields pulled down bullion, along with the dollar’s recovery attempt. The scenario has now changed, with the market back in green and a new rebound of bullion. Technically, the decline found…
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EUROPEAN SHARES Shares traded lower from Frankfurt to Milan following Wednesday’s surprising US inflation report that sparked concerns the Fed may take too long to mitigate the pressure brought by rising prices. Traders will now be waiting for speeches from a batch of FOMC members at the end of this week to assess whether the…
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OIL The price of Oil is proving resilient to current market drivers. Investors are betting on further recovery in demand and are still seeing some inflation risks. The combination of these two factors, along with the US data regarding oil inventories released by the American Petroleum Institute, showing a decline of supply, are supporting the…
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OIL Investors remain bullish on the whole commodity sector and oil is proving no exception with further gains today. Moreover, the cyber-attack which has hit Colonial Pipeline is generating further buying. The technical scenario remains supportive as the combination of expectations of economic recoveries and inflation fears are pulling up the price of both WTI and Brent.…
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Canada-based payments processor, Nuvei, are rumoured to be in the process of acquiring Simplex. This Israeli start-up company works to provide crypto companies with a fiat infrastructure. Though the acquisition is yet to be officially confirmed, there have been reports that the companies are in definitive talks surrounding a deal worth around $250 million, paid…
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EUROPEAN SHARES European markets extended gains on Thursday with most indices still in green territory as investors digested the last solid batch of corporate results. Banks and automakers led gains today following reassuring results that topped estimates from both Société Générale and Volkswagen. Risk appetite is back on track following Janet Yellen’s clarification about her…
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EUROPEAN SHARES The bullish mood prevails in Europe on Wednesday amid higher market volatility, following yesterday’s strong sell-off on tech shares. Most European benchmarks edged higher, boosted by travel, miners and other energy shares as the old continent forms its plan to reopen its borders to vaccinated tourists, which is helping boost demand in those…
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International mining and digital asset trading network Apifiny has recently announced that US regulator, FINRA, has granted a broker-dealer license to its subsidiary firm, Apifiny Prime. The significant governing recognition means that Apifiny will join Gemini, Coinbase, Circle and eToro as one of the top exchanges on offer. However, it must be noted, however, that…
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GOLD Having failed to break through the psychological barrier of $1,800 last week, gold is now in a lateral phase between the major support at $1,750 and resistance at $1,800. The slight dip in price mirrors the small recovery on the yield of US 10-Year Treasuries and this along with the recent gains by the…
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EUROPEAN SHARES Market sentiment remains uncertain as the end of the month approaches while the short-term outlook continues to be torn between solid corporate results and spiking virus cases. However, while most concerns come from emerging countries, the fact that developed nations keep on registering solid economic data amid the success of the vaccine rollout…
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