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

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…

May 31, 2022 BY Steffy Bogdanova

Daily market commentary: A barrel of Brent reaches $124 - a level not seen since early March

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…

May 31, 2022 BY Steffy Bogdanova

Weekly data: all eyes on the NFP

With price now within the value area between the 100 and 200 SMAs and strongly oversold based on the slow stochastic, a pause seems likely in the runup to tomorrow’s meeting of the BoC. The target for sellers in the medium term seems to be last month’s lows around C$1.25, while to the upside the…

May 30, 2022 BY Steffy Bogdanova

Daily market commentary: Share markets opened the week on a significantly positive tone

However, this situation may be short-lived for EU stocks as investors have been disappointed by today’s Spanish surging CPI print (8.5%), which dents expectation of a peak in European inflation. The ECB is now increasingly under pressure to act against rising prices in the region, and investors are likely to pay close attention to Christine…

May 26, 2022 BY Steffy Bogdanova

Daily market commentary: European markets followed the global neutral trend on Thursday following a mixed opening

European Shares European markets followed the global neutral trend on Thursday following a mixed opening, as traders digest the latest macro developments. Investors welcomed the minutes of the last FOMC meeting yesterday, especially after it indicated the Fed could be less aggressive than initially expected, by changing the pace of its current hawkish approach if…

May 25, 2022 BY Steffy Bogdanova

Daily market commentary: the US dollar is gaining ground on its peers

Gold Gold prices hedged down during early Wednesday trading; a move dictated by a strengthening US dollar. The precious metal price action has, to a large extent, been determined by its inverted correlation with the greenback, and today’s picture is a perfect snapshot of that dynamic. After a losing streak that lasted for several sessions,…

Weekly data: Oil and Gold price action before the NFP

May 24, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices continue to recover from the multi-month lows

Gold Gold prices continue to recover from the multi-month lows touched earlier in May. The non-yielding precious metal is benefiting from the drop in treasury yields together with some dollar weakness - with which it has an inverted price correlation. The stabilization of treasury yields and the dollar, which have retreated from peaks reached in…

May 23, 2022 BY Steffy Bogdanova

Daily market commentary: Stocks are trading higher in Europe, with Real Estate and Tech shares driving almost all benchmarks in the green

More clues about those market drivers, especially regarding the economic outlook, may be provided this week as traders await major data such as global PMIs, US new home sales, GDP and jobless claims alongside another batch of speeches from FED, ECB and BoE speakers. Pierre Veyret– Technical analyst, ActivTrades Disclaimer: opinions are personal to the…

May 20, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index looks set to close the week in the red

European Shares Markets surged higher everywhere from Asian shares to US Futures contracts on Friday, mostly led by Utilities and the Energy sector, as investors welcomed reassuring major monetary news from Beijing. The “Risk-on” trading mood has registered a solid rebound during the last couple of hours as traders cheered the significantly dovish monetary decision…

May 19, 2022 BY Steffy Bogdanova

Daily market commentary: The Pound is almost flat in relation to the dollar

European Shares Share markets slid lower on Thursday, extending the drop registered on US stocks at the end of the trading session yesterday, as fear trading dominates. Despite the recent optimism, investor focus is now back on inflation and its impact on consumer and household spending, company performances and, more generally, growth. In addition, the…

Category: Market News