Category: Market News

October 26, 2020 BY Steffy Bogdanova

Weekly forex data: elections and covid-19 cases in focus

From a technical point of view, it’s too early to call this the distribution phase of the euro’s recent uptrend. Based on the lack of any subsequent test of the three moving averages after last Monday’s very strong gains, this looks more like a consolidation. Volume remains fairly low so far today, understandable given that…

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forex and crypto market analysis
October 26, 2020 BY Steffy Bogdanova

Daily Market News: Surging coronavirus cases sink US stock futures

What to watch Twilio: Cloud-based platform firm Twilio, which allows software developers to embed voice, messaging, video and other communication services into applications, has seen its share price surge more than 200% in 2020. The shift to a virtual world due to the pandemic has clear benefits for the firm, and earlier this month multiple…

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daily market analysis
October 26, 2020 BY Steffy Bogdanova

Daily market commentary: European stocks plunged alongside the S&P 500

EUROPEAN SHARES European stocks plunged alongside the S&P 500 at the beginning of Monday’s trading session, amid rising virus worries over the weekend. Most investors want to remain optimistic about the upside potential of stock markets but they are becoming increasingly sceptical about the next US stimulus package. In addition, recent record-breaking infection levels in…

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daily market analysis
October 23, 2020 BY Steffy Bogdanova

Daily market commentary: Stocks edged higher on Friday in Europe

GOLD Gold spot price is consolidating just above the threshold of $1,900. After an unsuccessful attack to $1,930, the price collapsed below $1,900, but buyers were ready to sustain bullion. Prices are moving in a relatively tight lateral trading range between $1,880 and $1,930, while yesterday’s decline was curbed at around $1,894 - well above…

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Forex Weekly Look Back
October 23, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: CFI announces full migration to MT5, ATFX launches UPS product offering

CLS, the market infrastructure provider of risk mitigation services to the global FX market, has released its operating metrics for September 2020. The average daily traded volume submitted to CLS was USD 1.785 trillion, up 8.2% from USD1.649 trillion in August 2020. TMX Group Limited announced Moe Kermani and Claude Tessier as the company’s newest additions…

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daily market analysis
October 22, 2020 BY Steffy Bogdanova

Daily market commentary: Gold spot price rallied to $1,932

GOLD Gold spot price rallied to $1,932 as expectations of further monetary stimulus initially grew in the US, before easing down back to $1,915 after doubts over an imminent deal emerged. From a technical point of view, there has been an interesting assault to the resistance level at $1,930/1,932, but that level remains firm so…

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