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…
Read more
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…
Read more
Gold Gold prices hedged up during early Wednesday trading but remained close to the multi-week lows touched during the previous session. The precious metal price has recently been closely linked to that of the US dollar, with which it has a strong inverted correlation, as well as to the behaviour of bond yields; against this…
Read more
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…
Read more
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…
Read more
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…
Read more
Gold Gold prices are flat during early Thursday trading, barely moving as traders eye the release of important US employment and inflation data, which is coming out later today and tomorrow. The price of bullion remains conditioned by two vectors that have kept it in a narrow range over the last few sessions; on one…
Read more
With US inflation figures due to be released on Friday, investors are likely to continue to back the greenback in the runup to the publication of the numbers, as any bets against it could end up proving costly. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the…
Read more
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…
Read more
Gold Gold prices are almost flat at the start of the European trading session, having earlier dropped by a half percent. The US dollar strengthened overnight, following hawkish comments by a senior Federal Reserve official, who maintained the US central bank should hike interest rates by 50 basis points at every coming meeting, until inflation…
Read more