Category: Market News

European stock market experiences positive change
June 20, 2022 BY Steffy Bogdanova

Daily market commentary: Markets open on a mixed tone

The CAC-40 index trades close to its annual low, slightly below the 5,900.0pts mark so far. The lack of a strong bullish reaction over the 5,750/5,850 support zone could quickly lead to a sell-off extension towards 5,500.0pts and 5,050.0pts. Pierre Veyret– Technical analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect…

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Daily Market Commentary
June 16, 2022 BY Steffy Bogdanova

Daily market commentary: European shares plunge

European Shares European shares plunged on Thursday, erasing yesterday’s gains, after the Federal Reserve disappointed investors yesterday evening. Jerome Powell dented market sentiment at the end of the US trading session yesterday, killing investors’ nascent optimism by announcing the Fed will to do whatever it takes to tame inflation. Of course, the record 75bp rate…

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Daily Market Commentary
June 14, 2022 BY Steffy Bogdanova

Daily market commentary: Brent oil prices rise as tight supply continues to squeeze an already tight market

Gold Gold prices bounced back from multi-week lows reached during early Asian trading this Tuesday. The precious metal is under pressure from rising bond yields and a strengthening dollar, as the markets react to last week’s release of US inflation, which was the highest in four decades. Investor expectations are shifting to accommodate a more…

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June 14, 2022 BY Steffy Bogdanova

Weekly data: markets await the Fed and BoE

On the chart, cable has moved clearly into oversold based on the slow stochastic. The price has been below all three of the 50, 100 and 200 simple moving averages since February. Selling in at the current area would traditionally be considered an unacceptable risk except on a very low timeframe, so awaiting a possible…

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June 13, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar gains ground, as the markets digest surprisingly high US inflation figures

Gold Gold prices dropped during early Monday trading, after gaining approximately 1.3% on Friday, following the release of May’s US inflation data on Friday, which revealed that consumer prices rose at the fastest pace in four decades. The precious metal, whose price usually moves inversely to the US dollar, strengthened on Friday, despite the dollar…

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June 01, 2022 BY Steffy Bogdanova

Daily market commentary: Brent prices hedge up modestly, as the impact of the EU sanctions on Russian oil is fizzling out

Gold Gold prices fell during early Wednesday trading, carrying the momentum initiated during the previous session. The value of the precious metal is declining in the markets, mainly due to its inverted correlation with the US dollar, as the American currency regains the front foot. Inflation related concerns remain at the top of Federal Reserve’s…

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