Category: Market News

Reduced retail sales curbs the pound
May 17, 2022 BY Steffy Bogdanova

Daily market commentary: The pound continues to climb back from the multi-year lows it touched last week

European Shares Shares continued to climb higher in Europe on Tuesday, alongside US Futures and Asian stocks, as “risk-on mood” grows everywhere. Investors’ appetite for riskier assets is on the rise after many welcomed today’s positive unemployment and GDP figures from France, Finland, and the UK. In addition, the improving virus situation in China is…

Read more
Daily Market Commentary
May 16, 2022 BY Steffy Bogdanova

Daily market commentary: the US dollar Index remains close to the almost 20-year maximum reached last week

European Shares Shares slid moderately in Europe on Monday, following a mixed trading session in Asia after disappointing data from China dented market sentiment overnight. European benchmarks pared some of the gains registered at the end of last week as lingering bearish leverages keep the trading environment unpredictable for investors. With sentiment weighed down by…

Read more
May 11, 2022 BY Steffy Bogdanova

Midweek data: traders await US CPI

Given the psychological importance of ¥130, lower buying volume so far this month and overbought based on the slow stochastic, technical analysis would suggest that further strong gains in the near future are unfavourable. However, higher than expected inflation this afternoon could drive the dollar strongly in the short term at least. The long-term target…

Read more
Weekly data: Oil and Gold price action before the NFP
May 10, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices hedged up, recovering some of the losses recorded during the previous session

European Shares European markets ticked higher on Tuesday, paring some of yesterday’s losses following technical rebounds over major support levels, while investors await new macro developments. Cross asset trading continues this week as traders keep adjusting their exposure between key negatively correlated markets such as Treasuries, Stocks and the US Dollar. Market sentiment remains generally…

Read more
Daily Market Commentary
May 09, 2022 BY Steffy Bogdanova

Daily market commentary: European shares lag with most benchmarks holding last week’s losses as sentiment remains risk-off

The Stoxx-50 index is now trading well below the 3,685.0pts support, now seen as a resistance, at 3,600.0pts. The bearish pressure is rising inside a directional move, and 3,520.0pts (78.6% Fibonacci) could be considered as the next support level for the market. Pierre Veyret– Technical analyst, ActivTrades Disclaimer: opinions are personal to the authors and…

Read more
Daily Market Commentary
May 06, 2022 BY Steffy Bogdanova

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

European Shares European markets extended yesterday’s losses on Friday, alongside US Futures, as risk aversion dominates everywhere at the end of the week. Markets are set to register their biggest weekly drop in two months, with today’s decline led by Health Care and Tech shares, as the bullish enthusiasm brought by higher rates from the…

Read more
May 05, 2022 BY Steffy Bogdanova

Daily market commentary: The USD loses momentum after the latest US Fed policy decision announcement

European Shares European stocks traded all in green territory on Thursday, extending gains registered at the end of the US session, after investors welcomed the Fed’s action to tame inflation. FED Chairman Jerome Powell managed to reassure investors by announcing a 50-basis point rate hike while rolling-out the prospect of further increases at forthcoming meetings,…

Read more