Daily market commentary: The pound continues to gain ground against the dollar and the euro LeapRate

February 24, 2021 BY Steffy Bogdanova

Daily market commentary: The pound continues to gain ground against the dollar and the euro

EUROPEAN SHARES Most European equities continued their consolidation on Wednesday in contrast to extended losses in the Asian session overnight. Fed Chairman Jerome Powell tried to “reassure” investors yesterday saying the economic recovery still has a long way to go with dovish policies remaining in place as long as necessary. Investors don’t seem to be…

February 23, 2021 BY Steffy Bogdanova

Daily market commentary: The “wait and see” trading stance continues

EUROPEAN SHARES European equities opened mixed on Tuesday, with French and Italian shares trading slightly higher while benchmarks from Germany, Denmark and the Netherlands underperformed. The “wait and see” trading stance continues in investors’ minds ahead of key data from both Europe and the US today with inflation levels at the centre of every economic…

February 23, 2021 BY Steffy Bogdanova

Weekly forex data: stimulus still in view

The obvious pivot point on this chart is the 100% weekly Fibonacci retracement area, i.e. complete retracement of all the euro’s gains in March 2020. A clear breakout below $1.655 might trigger another leg down over the next few weeks. On the other hand, with price having been generally oversold or close to it for…

February 22, 2021 BY Steffy Bogdanova

Daily market commentary: Stock markets began the week with a bearish tone

GOLD The resurgence of inflation expectations, a rally in treasury yields and the possibility of seeing a stronger dollar in the next few months all hit the gold price in the last few trading sessions. In early Monday trading, we are seeing a different movie, as bullion is trying to rebound from the fresh 7-month-low achieved…

February 19, 2021 BY Steffy Bogdanova

Daily market commentary: US dollar index is into its second consecutive session of losses

GOLD Gold: double or quits? This proposition well represents the current situation for the yellow metal. Bullion just reached a new seven-month low at $1,760, before showing some rebound impulse to $1,775. We are now seeing an interesting challenge between the long term bullish trend and the short term bearish movement, which seems to be…

February 19, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: Plus500 reports strong revenue for the year, Fullerton Markets adds MT5 platform

Executed over several days in the first week of February this year in order to limit market slippage, Tesla made a $1.5 billion bitcoin purchase which has now been revealed by Block to have been brokered by the cryptocurrency platform, Coinbase. Up until this announcement it had been unclear who had facilitated the significant purchase,…

February 18, 2021 BY Steffy Bogdanova

Daily market commentary: The weather remains sunny on stock markets, but not for gold

GOLD The weather remains sunny on stock markets, but not for gold. Indeed, after an excellent 2020, we are seeing a little storm on bullion, hit by the recovery of US yields and by the strength of the optimism that is dominating share trading. After five days in a row in red, we are seeing…

February 17, 2021 BY Steffy Bogdanova

Daily market commentary: Gold has fallen below $1,800

GOLD Gold has fallen below $1,800 with the price suffering as US yields surge to pre-crisis levels. Thanks to the economic stimulus doled out by the Federal Reserve, inflation could be back, as highlighted by James Bullard, a member of the FOMC. This could mean higher yields and a stronger US dollar, an unhelpful mix…

February 16, 2021 BY Steffy Bogdanova

Daily market commentary: Global optimism continued to push share markets higher on Tuesday

GOLD Despite the weakness of the greenback, bullion is showing little strength and is continuing a slow dance around $1,820/oz. This lack of energy in the rebound is due to the permanent "risk on" scenario dominating stock markets. As a result, the price was unable to rebound and attack the first significant resistance at $1,845-$1,850.…

February 15, 2021 BY Steffy Bogdanova

Weekly forex data: inflation around the world

The downtrend for EURGBP continues to be very strong from a technical perspective, with clearer spaces forming between the 50, 100 and 200 SMAs and price extending below the 38.2% area of the weekly Fibonacci fan. Oversold is an important concern for new sellers here, though, with the slow stochastic (15, 5, 5) having displayed…

Category: Market News

Daily market commentary: The pound continues to gain ground against the dollar and the euro

Daily market commentary: The “wait and see” trading stance continues

Weekly forex data: stimulus still in view

Daily market commentary: Stock markets began the week with a bearish tone

Daily market commentary: US dollar index is into its second consecutive session of losses

Forex Weekly Look Back: Plus500 reports strong revenue for the year, Fullerton Markets adds MT5 platform

Daily market commentary: The weather remains sunny on stock markets, but not for gold

Daily market commentary: Gold has fallen below $1,800

Daily market commentary: Global optimism continued to push share markets higher on Tuesday

Weekly forex data: inflation around the world

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