On the chart, a further leg down doesn’t seem immediately likely given the strength of the 100% weekly Fibonacci retracement around $1.307. This area represents full retracement of all the pound’s losses late in Q1 2020. However, the 50 SMA from Bands has recently death crossed the 100, so a phase of clear gains above…
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European Shares European shares opened without clear direction on Monday, extending the mixed sentiment spotted overnight in Asia, as global risk appetite seems to be taking a break following record gains registered on last week. This week is likely to be crucial, as investors discover if last week’s solid rebound was just a volatile move…
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European Shares Equity benchmarks traded mostly higher in Europe on Friday, despite patchy performances in Asia as investors digested mounting uncertainties around Russia-Ukraine talks. Even if the war in Ukraine continues to fuel market volatility as well as cross-asset rotation trading, risk appetite seems to keep prevailing in Europe as share markets are set to…
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Gold Gold prices rose during early Thursday trading, benefiting from the weakening of the dollar, due to the inverted correlation between the two assets. The greenback lost ground to other major currencies after Wednesday’s rate hike and Fed’s hinting at several more increases until the end of the year, as the move had already been…
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European Shares European shares jumped at market open on Wednesday, alongside Asian equities, and US Futures contracts, amid improving global market sentiment. The “risk-on” trading stance is back on track everywhere, and market panic is clearly fading as investors digest the latest positive macro developments brought by both China and Russia/Ukraine diplomatic talks. The strong…
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A return to strength looks unlikely as of now based on TA. Although yesterday’s test of the 23.6% weekly Fibonacci retracement area has been rejected for now, selling volume has been high since last week and the downward reaction on 9 March from the area of the all-time high has been very strong. With ATR…
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European Shares Shares drifted lower in Europe on Tuesday, extending losses registered during the Asian trading session, amid continuing market volatility. The sell-off in Chinese shares due to renewed lockdowns to combat a coronavirus outbreak as well as the prospect of economic sanctions from the West raised by the possibility of a military support to…
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European Shares Stocks traded higher in Europe on Monday, alongside US Futures, as investors bet on an improving geopolitical context at the beginning of a new round of diplomatic talks. Market volatility may not be over as war continues for now, with Russia still targeting military facilities across Ukraine. In addition, the prospect of a…
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Gold Gold prices are hedging down during early Friday trading, but still look set to end the week in the green, as the sentiment in the markets remains under the influence of the war in Ukraine. The price of the precious metal retreated from the maximums reached earlier in the week, as the scope for…
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Gold Gold prices dropped below $2,000 per ounce during Wednesday’s session and continued the hedge down during early Thursday trading. Risk appetite improved in the financial markets, as oil prices retreated from multi-year highs, following calls for the stepping up of oil production in countries with spare capacity. Despite the continuation of the geopolitical risks…
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