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

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…

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…

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,…

May 04, 2022 BY Steffy Bogdanova

Daily market commentary: WTI crude oil prices are hedging up

European Shares Stocks traded sideways, flirting with their opening level in Europe on Wednesday, as investors brace for today’s FOMC meeting. While Fed chairman, Jerome Powell, is widely expected to announce an historical 50-basis point rate hike in the end of the afternoon, investors will scrutinize his speech, looking for more clues on tapering and…

Weekly data: Oil and Gold price action before the NFP

May 03, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices remain under pressure

Gold Gold prices remain under pressure during early Tuesday trading, close to the multi-week minimums reached during the previous session. Despite the precious metal’s role as a hedge against inflation and haven during times of geopolitical instability - two factors that remain very much in the picture - gold prices remain subdued as the dollar…

April 19, 2022 BY Steffy Bogdanova

Weekly data: Canadian and Japanese inflation in view

However, the rand has remained strong in the last few weeks as the South African Reserve Bank also appears to be in a cycle of tightening. On the whole, the outlook for South Africa’s economy seems to be stronger now than it was at the start of 2022: prices of important commodities, key to South…

April 14, 2022 BY Steffy Bogdanova

Daily market commentary: The greenback retreats from almost two-year high as the markets digest the release of US inflation data

Oil WTI crude oil prices hedged down during early Thursday trading, following the release of US stocks, which read above expectations. The market was less active than usual, due to the long weekend in Europe, America and most of Asia, with the reduction in the number of active buyers also contributing to the easing in…

April 14, 2022 BY Steffy Bogdanova

Midweek data: more highs for inflation ahead of the ECB

The technical picture remains unambiguously negative, with a fresh two-year closing low of $1.0825 on Tuesday. The next key support is the psychological area of $1.07 near the 100% Fibonacci retracement, i.e. full retracement of all the euro’s gains since March 2020. To the upside, any possible bounce in the next few weeks would probably…

April 13, 2022 BY Steffy Bogdanova

Daily market commentary: The euro is recording some modest gains in relation to the US dollar

Gold Gold prices are flat during early European trading, following Tuesday’s rise which reached the highest level since mid-March. Gold’s gains came as US yields eased down, following the release of US inflation data, which despite reaching a fresh 40-year high, also gave signs that it may have peaked. The markets have been pricing-in the…

April 11, 2022 BY Steffy Bogdanova

Daily market commentary: Stock benchmarks opens without clear direction while market volatility is on the rise

European shares Stock benchmarks opened without clear direction while market volatility was on the rise on Monday as investors digested a batch of mixed economic news from different regions. Despite positive CPI data that topped estimates in China overnight, the Asian trading session was marked by lingering worries regarding the Covid resurgence in the area…

Category: Market News