Daily market commentary: investors continue to digest disappointing inflation figures from the US LeapRate

February 11, 2021 BY Steffy Bogdanova

Daily market commentary: investors continue to digest disappointing inflation figures from the US

EUROPEAN SHARES European shares fluctuated on Thursday, following a slightly positive Asian session on lower volumes than usual, as investors continue to digest disappointing inflation figures from the US. However, despite this short-term pause, there is nothing threatening from a technical point of view. Most benchmarks are still trading above strong support levels with no…

February 10, 2021 BY Steffy Bogdanova

Daily market commentary: WTI and Brent are in a clear bullish trend

OIL Investors are still buying every dip in the price of oil. Both major benchmarks, WTI and Brent, are in a clear bullish trend, as investors are betting on a fast economic recovery once the vaccine allows restrictions to ease. Furthermore, any news on more fiscal or monetary stimulus will generate fresh optimism and trigger…

February 09, 2021 BY Steffy Bogdanova

Weekly forex data: focus on inflation

From a technical perspective, the uptrend still seems to be active on this timeframe: there has been no clear breach of the 100 SMA. However, price has now moved out of oversold based on both Bollinger Bands (50, 0, 2) and the slow stochastic (15, 5, 5), so more losses this week might be expected…

February 09, 2021 BY Steffy Bogdanova

Daily market commentary: The prospect of inflation is weighing on today’s market sentiment

GOLD Gold is edging closer to the first resistance level at $1,850, thanks to a weakening dollar. A clear climb above this threshold could open space for further recoveries, but so far the general risk on mood on stock markets is pushing investors to buy riskier assets, hoping for quicker profits. Despite some signs of…

February 08, 2021 BY Steffy Bogdanova

Daily market commentary: Brent has reached the threshold of $60 for the first time in more than a year

OIL Brent has reached the threshold of $60 for the first time in more than a year with a mix of elements behind oil’s rally. First of all, expectation for a quick and full economic recovery of (albeit perhaps a little overly optimistic). Secondly, investors are expecting new economic stimulus measures from the US Government. The…

February 05, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: FXCM Group expands its Stock Basket offering, Exness named Damian Bunce its new Chief Trading Officer

Digital asset exchange Gate.io announced that it is the first major centralized exchange to list SNOW. according to a famous crypto trader, Elliot Wainman, SNOW could grow at least 1000%. On February 2, it reached an all-time high of $146.87. SnowSwap is a decentralized exchange which allows its users to swap wrapped, yield-bearing tokens with minimal…

February 05, 2021 BY Steffy Bogdanova

Daily market commentary: The slow vaccine deployment is triggering fears of a slower economic recovery

GOLD Gold has rallied slightly in the last few hours but remains under pressure from various factors that have seen the price fall below $1,800. Strength shown in many stock markets in recent days has pushed investors to look for riskier assets, while more positive signals in the US labour market is bringing hope for…

February 04, 2021 BY Steffy Bogdanova

Daily market commentary: the US dollar continues to gain ground

GOLD Gold is extending its loss in the general risk on scenario with investors betting on riskier assets, trying to achieve quicker gains. Moreover, the US Dollar is continuing to recover, and this is causing the bullion price to decline. Growing expectations about a relatively quick end to the pandemic are raising hopes on the…

February 03, 2021 BY Steffy Bogdanova

Daily market commentary: The silver story seems to be reduced to a temporary accident

GOLD AND SILVER Indices closed yesterday’s trading sessions in green and started this morning in the same way with risk on still dominating sentiment. Moreover, the greenback is strengthening and EUR/USD is getting closer to 1.20. As a result, investors are not keen on increasing their position on gold and bullion declined to $1,835. The…

February 02, 2021 BY Steffy Bogdanova

Daily market commentary: After GameStop, Reddit investors tried to replicate this success by targeting silver

SILVER Silver is not GameStop. That is the first lesson of the last few trading hours. After successfully pushing up Dogecoin and GameStop, Reddit investors (and probably not only them) tried to replicate this success by targeting silver. But this is a much bigger whale, with a huge number of players involved. Moreover, silver is…

Category: Market News

Daily market commentary: investors continue to digest disappointing inflation figures from the US

Daily market commentary: WTI and Brent are in a clear bullish trend

Weekly forex data: focus on inflation

Daily market commentary: The prospect of inflation is weighing on today’s market sentiment

Daily market commentary: Brent has reached the threshold of $60 for the first time in more than a year

Forex Weekly Look Back: FXCM Group expands its Stock Basket offering, Exness named Damian Bunce its new Chief Trading Officer

Daily market commentary: The slow vaccine deployment is triggering fears of a slower economic recovery

Daily market commentary: the US dollar continues to gain ground

Daily market commentary: The silver story seems to be reduced to a temporary accident

Daily market commentary: After GameStop, Reddit investors tried to replicate this success by targeting silver

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