Daily market commentary: The dollar remains the centre of attention, continuing to lose ground LeapRate

April 15, 2021 BY Steffy Bogdanova

Daily market commentary: The dollar remains the centre of attention, continuing to lose ground

EUROPEAN SHARES European markets traded in green territory from Stockholm to Madrid on Thursday as investors’ optimism is on the rise following the latest batch of corporate results. Despite disappointing trading in Coinbase shares yesterday, with the stock price dropping shortly after the IPO, this was more than offset by strong earnings from the banking…

April 14, 2021 BY Steffy Bogdanova

Daily market commentary: The dollar is showing weakness during early Wednesday trading

EUROPEAN SHARES European shares mostly traded higher on Wednesday, despite an uneven performance across the continent with mixed earning reports in different areas. While most benchmarks remain close to their record highs, some technical indicators suggest that the price action is losing directionality. Indeed, investors seem to be keen to drive stock prices higher but…

April 12, 2021 BY Steffy Bogdanova

Daily market commentary: The dollar is recording some gains against other major currencies

GOLD The US Dollar is showing fractional gains against the eurozone currency, while the Dollar Index is also recovering and US yields are in green as well. These movements are similarly reflected on the gold price, which is showing a marginal loss and remains below the key resistance at $1,750. Only a clear surpass of…

April 09, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: eToro hires Hedva Ber as Deputy CEO/COO, PrimeXM trading volumes reach $1.06 trillion in March

Arthur Hayes, the former CEO of cryptocurrency exchange platform BitMEX, has surrendered himself in Hawaii to the US authorities and appeared in court on Tuesday. Hayes faces charges suggesting that he did not take necessary action in preventing his innovative start-up from becoming a platform for money laundering crimes. Hayes’ surrender comes six months after…

April 09, 2021 BY Steffy Bogdanova

Daily market commentary: CPI data from China revived inflation worries.

EUROPEAN SHARES European equities were trading slightly lower at Friday’s open, without clear direction, following a negative Asian session as Chinese inflation weighs on market sentiment. Even if most investors were recently reassured by FED officials confirming the need to persist with the current strong monetary support to the economy, today’s CPI data from China…

April 08, 2021 BY Steffy Bogdanova

Daily market commentary: Fed officials showed they are committed to turbo-charging the US economic recovery

OIL In the last two weeks WTI has moved in a lateral trading range but it appears clear that the black gold has lost momentum. After months of rallying, investors look to have fully priced in recovery expectations after last year’s crisis so for any new rallies to be generated, investors will need some new…

April 07, 2021 BY Steffy Bogdanova

Daily market commentary: After a few weak sessions, the Dollar Index is almost flat

GOLD Bullion’s recovery has been stopped – for the time being – by the resistance placed at $1,750, as mentioned in the last few days' commentaries. A solid bounce above this level could pull in more buyers but for the moment gold is still recovering momentum after the double bottom at $1,675, helped by the…

April 06, 2021 BY Steffy Bogdanova

Daily market commentary: Gold is consolidating above $1,730 as the greenback is slowing down

GOLD Gold is consolidating above $1,730 as the greenback is slowing down. From a technical point of view, we are still in a lateral scenario in which only a clear climb above $1,750 can open space for further recoveries. That said, the bearish pressure seen in the last few weeks is losing strength and bullion…

April 02, 2021 BY Steffy Bogdanova

Daily market commentary: Buyers are particularly active every time bullion’s price falls below $1,700

EUROPEAN SHARES It’s going to be a toneless day for stocks as many markets will remain shut until next Tuesday for Easter. Despite the uncertain start to this week’s trading, new record highs were registered yesterday by both US and EU markets, indicating investors’ risk appetite remains strong. In the US the bullish sentiment has…

April 02, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: FXCM adds social and copy trading via ZuluTrade, ASIC bans binary options and restricts CFDs trading

The Financial Conduct Authority (FCA) released a new policy statement on its website announcing that all UK crypto firms must now submit financial crime reports on a yearly basis, regardless of annual revenue. Within the new financial crimes reporting sphere are cryptoasset business, following plans released eight months ago alluding to the policy change. The…

Category: Market News

Daily market commentary: The dollar remains the centre of attention, continuing to lose ground

Daily market commentary: The dollar is showing weakness during early Wednesday trading

Daily market commentary: The dollar is recording some gains against other major currencies

Forex Weekly Look Back: eToro hires Hedva Ber as Deputy CEO/COO, PrimeXM trading volumes reach $1.06 trillion in March

Daily market commentary: CPI data from China revived inflation worries.

Daily market commentary: Fed officials showed they are committed to turbo-charging the US economic recovery

Daily market commentary: After a few weak sessions, the Dollar Index is almost flat

Daily market commentary: Gold is consolidating above $1,730 as the greenback is slowing down

Daily market commentary: Buyers are particularly active every time bullion’s price falls below $1,700

Forex Weekly Look Back: FXCM adds social and copy trading via ZuluTrade, ASIC bans binary options and restricts CFDs trading

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