European Shares Most EU benchmarks held their gains on Tuesday, extending the bullish sentiment confirmed overnight in Asia, as the rebound continues. Investors keep pushing stock indices higher following the rebound over the annual lows at the end of last week, and growing risk appetite can now be seen across different asset classes such as…
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Based on technical analysis the price is currently trading around the 1.24 price area which is a very strong point of resistance since it consists of the 61.8% of the fibonacci retracement level, the daily trendline which is valid since mid August and the psychological resistance of round numbers. Given this is a major resistance…
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European Shares European markets climbed on Monday, alongside US futures, trimming some of last week’s losses as market sentiment strengthens. Utilities and energy shares are leading benchmarks higher this morning while the FTSE-100 index brings one of the best performances of the old continent, as investors cheered the reversal of previously announced unfunded tax cuts…
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On the other hand, should US inflation surprise to the upside, the Federal Reserve will be unlikely to deviate from its current path of hiking rates and reducing the balance sheet, in which case further dollar gains can be expected. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do…
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The UK government’s plans for an unfunded fiscal expansion is seen by most as an unorthodox and risky move. Therefore, it is likely to continue to cast a shadow over the country’s economic stability, keeping the pound under pressure. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not…
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TA would traditionally suggest an ongoing movement lower with there being no overbought signals from either the slow stochastic or Bollinger Bands and a fairly clear rejection around $1.15. The medium-term target might be 27 September’s closing low slightly above $1.07. However, the liveliness and duration of the dollar’s uptrend so far this year might…
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The sell-off in gilts is driving the UK’s borrowing costs up and weighing heavily on the pound. As there is no end in view for this dynamic, the pound is likely to accumulate more losses to the dollar and the euro. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and…
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European Shares European shares opened on a mixed tone on Monday, after a sell-off in Asian stocks was registered overnight, as investors brace for the start of the earnings season. Cautious trading stances prevail at the beginning of this new trading week as traders continue to price in further hawkish moves from central bankers, especially…
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European Shares Share markets continued to drift lower in Europe on Friday, extending the bearish sentiment registered overnight in Asia, as investors digest disappointing corporate results ahead of today’s highly awaited US job report. Cautious trading stances prevail at the beginning of the last trading session of the week, as poor earnings from AMD and…
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European Shares European shares fluctuated following the opening bell on Wednesday, with market sentiment taking a break as investors await further macro developments. Most benchmarks were trading sideways this morning, holding their gains following the best weekly start in months for equities and ahead of another day full of important macro news. The bullish enthusiasm…
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