Daily market commentary: WTI crude oil prices remain above $120 per barrel, following the ban of Russian oil by the USA and UK LeapRate

March 09, 2022 BY Steffy Bogdanova

Daily market commentary: WTI crude oil prices remain above $120 per barrel, following the ban of Russian oil by the USA and UK

Gold Gold prices remain firmly supported above $2,000 dollars per ounce during early Wednesday trading, Demand for the precious metal increased as the geopolitical risk grew in Eastern Europe, with its price spiking on Tuesday and coming close to the all-time high reached in August 2020. The performance of gold will remain strongly linked to…

March 08, 2022 BY Steffy Bogdanova

Daily market commentary: The euro hedged up, remaining nevertheless close to the minimums of Monday

Gold Gold prices hit a fresh 18-month high during early Tuesday trading, reaching $2,020. The precious metal may soon test the all-time maximum of $2,075, reached in August 2020, as the flight to safety intensifies. The economic fallout from the war in Ukraine is worrying market operators, with the growing likelihood of Russian oil and…

March 04, 2022 BY Steffy Bogdanova

Daily market commentary: The trading mood remains strongly “risk-off”

Gold Gold prices are rising during early Friday trading, as flows towards haven assets increases. Developments in Ukraine continue to influence the levels of risk appetite in the markets, with the latest being the Russian attacks around the Zaporizhzhia nuclear power plant, which raised the levels of anxiety amongst market operators. As the war continues…

March 03, 2022 BY Steffy Bogdanova

Daily market commentary: Brent crude oil reaches a fresh multi-year record

Gold Gold is trading flat at the opening of Thursday's European session, as investors play a balancing act by factoring in the heightened geostrategic risk posed by the ongoing war in Ukraine on one side and the measurement of the Fed’s approach to tighten monetary policy on the other. Russia’s belligerence continues to generate concern…

March 01, 2022 BY Steffy Bogdanova

Daily market commentary: Events in Ukraine, following the Russian invasion, continue to dominate the mindset of investors

European Shares Shares edged mostly higher in Europe on Tuesday, as investors’ focus gets back to macro data and earnings while waiting for more development from Eastern Europe. Benchmarks climbed in early trading, as traders welcomed positive Manufacturing PMI figures from China overnight, and await ECB President Christine Lagarde’s speech for more clues on monetary…

February 25, 2022 BY Steffy Bogdanova

Daily market commentary: Brent oil prices trading above $100 for the second consecutive day

Oil Brent oil prices are trading above 100 dollars a barrel for the second consecutive day, despite having retraced some of the gains recorded during the previous session and earlier on Friday, too. The Russian invasion of Ukraine is behind the latest escalation in prices, as the expected repercussions of the conflict over global oil…

February 24, 2022 BY Steffy Bogdanova

Daily market commentary: The euro lost 0.5% in relation to the US dollar following news of Russia military operation in Ukraine

Oil Brent crude oil prices rose above $100 for the first time since 2014 during early Thursday trading, with the cost of the barrel climbing more than 5% as Russia started it’s invasion of Ukraine. Moscow’s intentions to launch a military attack on its neighbour had been called out over the last few weeks by…

February 22, 2022 BY Steffy Bogdanova

Daily market commentary: WTI crude oil prices reach a multi-year maximum as concerns grow over potential disruption of energy supplies from Russia

European Shares European shares climbed on Tuesday as most benchmarks register corrective bullish moves following Monday’s massive sell-off on equity markets. Ukraine-Russia tensions continue to simmer and dent market sentiment this week, especially after President Putin ordered military forces to what he recognized as “separatist areas”, leading the current conflict to another dimension. With geopolitical…

February 22, 2022 BY Steffy Bogdanova

Weekly data: RBNZ and US GDP

With very strong buying saturation based on both the slow stochastic and Bollinger Bands and the presence of an important psychological resistance, another move up in the immediate future doesn’t look likely. Instead, new buyers would traditionally look for a fairly small retracement to the area of about $1,880 based on ATR before looking to…

February 18, 2022 BY Steffy Bogdanova

Daily market commentary: Safe heaven currencies are on the back foot during early Friday trading

Gold Gold prices are edging down during early Friday trading but remaining close to the $1900 level reached on Thursday and at the start of today’s session. The precious metal rose above $1900 for the first time since June, on the back of a weakening dollar and concerns over developments in Eastern Europe, where the…

Category: Market News