Daily market commentary: The foreign exchange market reacts to rising Treasury yields LeapRate

March 15, 2021 BY Steffy Bogdanova

Daily market commentary: The foreign exchange market reacts to rising Treasury yields

EUROPEAN SHARES European benchmarks opened flat on Monday ahead of another busy week and after a difficult trading session in Asia. Reflation worries have resurged with traders already pricing the effect of rising prices from central banks’ monetary policies. It is interesting to note how last week’s bullish leverages (stimulus, vaccination rollout) have become today’s…

March 12, 2021 BY Steffy Bogdanova

Daily market commentary: The US dollar is back on the front foot

GOLD As the week draws to an end the scenario for gold has swiftly changed, as the renewed strength of the greenback has seen a drop in the yellow metal to the key level of $1,700. Bullion has now lost almost all gains achieved earlier this week. Moreover, the bullish momentum seen on Wednesday and…

March 12, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: IG Group revenue jumps 65% in Q3, FP Markets launches Social Trading platform

Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, has revealed it has become a connectivity provider for the LME, supporting LME members to use cross-market trading strategies more efficiently. Avelacom’s global coverage includes most developed market exchanges, such as CME, with a focus on emerging markets, including exchanges in…

March 11, 2021 BY Steffy Bogdanova

Daily market commentary: The euro is on its third consecutive session of gains against the dollar

GOLD The dollar’s decline following the approval of the $1.9 trillion stimulus package and weaker than expected inflation has lifted the gold price and removed some of the recent fears about bullion. The price reaction was remarkable with gold jumping above $1,730 and moving the short-term momentum back into positive territory, a move that has…

March 10, 2021 BY Steffy Bogdanova

Daily market commentary: European shares resumed their upward trend

EUROPEAN SHARES European shares resumed their upward trend, despite initially opening down, as investors’ risk appetite remains alive and well. Even if a rotation from growth to “defensive” shares is still taking place, the global market sentiment is still oriented towards riskier assets this week. Indeed, with today’s signature on the $1.9 trillion stimulus package…

March 09, 2021 BY Steffy Bogdanova

Daily market commentary: The euro was up by more than 0.4% versus the dollar

OIL Oil prices are reacting to yesterday’s cold shower. Monday’s decline could yet prove supportive, as it was mostly linked to some profit-taking after a long and probably too quick rally. It is therefore crucial for the price to hold above the low reached earlier this morning, which is now representing a valid support zone.…

March 08, 2021 BY Steffy Bogdanova

Weekly forex data: stimulus progress boosts markets

Tomorrow and early Wednesday are likely to be quite active for EURAUD between German trade data and consumer and business confidence in Australia. Apart from these, the general mood in markets might continue moving further toward ‘risk on’ if Chinese and American inflation are perceived as being strong. The ECB’s meeting and press conference on…

March 05, 2021 BY Steffy Bogdanova

Daily market commentary: Global share markets continued to drift lower on Friday

OIL Yesterday’s OPEC meeting did nothing to dent the good mood of investors for oil. On the contrary, the decision to maintain current production restrictions (including cuts in Saudi Arabia) has given further buying impetus to the current bullish rally. WTI has jumped to a new Covid-era record at $65 a barrel, as investors are…

March 05, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: PrimeXM February trading volume reaches $909.89 billion, Refinitiv and MarketsMojo pair up to expand global reach

Trading technology provider Aquarius Financial Technologies Ltd has announced a strategic partnership with CQG, a provider of technology solutions for traders, brokers, commercial hedgers, and exchanges. The collaboration between the two companies will support Aquarius’ plans to launch an institutional-grade global cryptocurrency exchange using CQG’s technology. The exchange is planned to launch in the third quarter…

March 04, 2021 BY Steffy Bogdanova

Daily market commentary: Gold is still suffering against the strength of the greenback

GOLD Gold is still suffering against the strength of the greenback with the price unable to rebound. Bullion has lost more than $350 from the record reached last summer as investors are betting on a quick economic recovery. Negative sentiment is still dominating in the short-term, while the medium-term trend has also been compromised by the…

Category: Market News

Daily market commentary: The foreign exchange market reacts to rising Treasury yields

Daily market commentary: The US dollar is back on the front foot

Forex Weekly Look Back: IG Group revenue jumps 65% in Q3, FP Markets launches Social Trading platform

Daily market commentary: The euro is on its third consecutive session of gains against the dollar

Daily market commentary: European shares resumed their upward trend

Daily market commentary: The euro was up by more than 0.4% versus the dollar

Weekly forex data: stimulus progress boosts markets

Daily market commentary: Global share markets continued to drift lower on Friday

Forex Weekly Look Back: PrimeXM February trading volume reaches $909.89 billion, Refinitiv and MarketsMojo pair up to expand global reach

Daily market commentary: Gold is still suffering against the strength of the greenback

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