Category: Market News

June 23, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar bounces back, recovering after Jerome Powell spoke to the senate

European Shares Shares slid lower in Europe and pared yesterday’s gains, alongside US Futures, as market sentiment gets weighed down by the latest comments from Federal Reserve chief, Jerome Powell. Uncertainty and fear trading prevail today as investors continue to hedge their exposure on stocks with safer havens such as gold, treasuries and the JPY…

Read more
June 21, 2022 BY Steffy Bogdanova

Weekly data: inflation still in view

There is no very clear signal from the chart except for the price being below all three of the 50, 100 and 200 simple moving averages, suggesting movement lower. The slow stochastic is close to neutral and there has been no significant change in ATR in June so far. In this context of no clear…

Read more
Daily Market Commentary
June 21, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar hedges down

Gold Gold prices hedged up during early Tuesday trading, with the precious metal finding support amidst the US dollar losses of the last few sessions. The price action of gold has in recent times been, to a large extent, determined by the oscillations in the value of the greenback, due to its inverted correlation with…

Read more
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…

Read more
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…

Read more
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…

Read more
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…

Read more
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…

Read more