Daily market commentary: European equity markets drifted lower on Friday LeapRate

January 22, 2021 BY Steffy Bogdanova

Daily market commentary: European equity markets drifted lower on Friday

EUROPEAN SHARES European equity markets drifted lower on Friday, following a global trend after mounting virus-related fears hit sentiment at the end of the week. The recent market euphoria fed by further stimulus plans and corporate results, peaked on Thursday as Joe Biden’s inauguration as President pushed US markets to record highs. Following that it…

January 22, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: Brokeree CCO Elina Bagautdinova talks with LeapRate, IG plans to acquire tastytrade

Thursday’s session began under the spell of risk-on, following Wednesday’s inauguration of the 46th President of the United States. Joe Biden’s presidency promises the deployment of a massive fiscal stimulus package as well as greater harmony between the Treasury and the Fed, with the central bank’s monetary policy likely to remain dovish for the foreseeable…

January 21, 2021 BY Steffy Bogdanova

Daily market commentary: Joe Biden’s presidency promises a massive fiscal stimulus package

GOLD The presidency of Joe Biden started with expectations for a new stimulus and with a new rally for the bullion price. Gold jumped well above the threshold of $1,850 and is now dancing around the $1,870 mark. This rebound confirms the momentum for gold’s recovery has returned, as investors are betting on further monetary…

January 20, 2021 BY Steffy Bogdanova

Daily market commentary: The euro is gaining ground to the dollar

OIL Oil is confirming its positive momentum with WTI rebounding above $53. Market sentiment remains positive as traders are building further long positions, in a clear bet on the demand side recovering once the vaccinations defeat the virus, putting an end to the lockdown of the last few months. Moreover, the price seems to be…

January 19, 2021 BY Steffy Bogdanova

Daily market commentary: The oil price is close to the former support zone

GOLD Gold is edging higher, continuing the rebound started after the quick crash that brought the price close to the support zone of $1,800. Investors are awaiting further news about the new US government's planned stimulus as this could be another supportive element for bullion, in conjunction with the weakening of the dollar seen in…

January 18, 2021 BY Steffy Bogdanova

Daily market commentary: Fears over new Covid-19 variant have lead to a weak start of the trading week

OIL Fears over the new variants of Covid-19 have caused the trading week to get off to a weak start. Indices are showing some moderate declines amid a more risk off stance. This, of course, is not the best scenario for oil, which started the European trading session showing a fractional decline after the fall…

January 15, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: Swissqute revenue expectations rise 5%, ActivTrades adds commission-free equities trading

CLS, a market infrastructure delivering settlement, processing and data solutions, has announced that Alfa-Bank and First Abu Dhabi Bank (FAB) have agreed to initiate onboarding to CLSNet, a standardized, automated bilateral payment netting calculation service for more than 120 currencies. The CLSNet service standardizes and increases the levels of payment netting in the FX market. By…

January 14, 2021 BY Steffy Bogdanova

Daily market commentary: markets are set in a bullish limbo

OIL No news is good news: this old motto describes the current situation on financial markets. Despite tragic figures coming from Covid-19, markets are set in a bullish limbo with the main environment firmly risk on. In this scenario, oil benchmarks are consolidating after the recent gains, which pulled up prices to their highest level since…

January 13, 2021 BY Steffy Bogdanova

Daily market commentary: The pound is recording gains versus the dollar and the euro

EUROPEAN SHARES European shares fluctuated on Wednesday, following a mixed trading session in Asia where Chinese stocks slid lower while Tokyo outperformed. Even if the Fed tried to reassure investors yesterday by providing them with a harmonized dovish reaction from all governors, the lack of market directionality today reflects the uncertain market sentiment. Market volatility…

January 12, 2021 BY Steffy Bogdanova

Daily market commentary: The US dollar is taking a break after several days of gains

OIL Oil is continuing its recovery, with WTI getting closer to $53. The modest decline seen in early trading yesterday was just a temporary break and the barrel remains in a supportive scenario. Investors are betting on the continued recovery of global demand over the next few months after a difficult 2020. The cuts announced…

Category: Market News

Daily market commentary: European equity markets drifted lower on Friday

Forex Weekly Look Back: Brokeree CCO Elina Bagautdinova talks with LeapRate, IG plans to acquire tastytrade

Daily market commentary: Joe Biden’s presidency promises a massive fiscal stimulus package

Daily market commentary: The euro is gaining ground to the dollar

Daily market commentary: The oil price is close to the former support zone

Daily market commentary: Fears over new Covid-19 variant have lead to a weak start of the trading week

Forex Weekly Look Back: Swissqute revenue expectations rise 5%, ActivTrades adds commission-free equities trading

Daily market commentary: markets are set in a bullish limbo

Daily market commentary: The pound is recording gains versus the dollar and the euro

Daily market commentary: The US dollar is taking a break after several days of gains

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