Category: Market News

March 10, 2022 BY Steffy Bogdanova

Daily market commentary: The price of WTI crude oil is hedging up following a 12% drop in the price of a barrel during the previous session

Gold Gold prices dropped below $2,000 per ounce during Wednesday’s session and continued the hedge down during early Thursday trading. Risk appetite improved in the financial markets, as oil prices retreated from multi-year highs, following calls for the stepping up of oil production in countries with spare capacity. Despite the continuation of the geopolitical risks…

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March 09, 2022 BY Steffy Bogdanova

Daily market commentary: WTI crude oil prices remain above $120 per barrel, following the ban of Russian oil by the USA and UK

Gold Gold prices remain firmly supported above $2,000 dollars per ounce during early Wednesday trading, Demand for the precious metal increased as the geopolitical risk grew in Eastern Europe, with its price spiking on Tuesday and coming close to the all-time high reached in August 2020. The performance of gold will remain strongly linked to…

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March 01, 2022 BY Steffy Bogdanova

Daily market commentary: Events in Ukraine, following the Russian invasion, continue to dominate the mindset of investors

European Shares Shares edged mostly higher in Europe on Tuesday, as investors’ focus gets back to macro data and earnings while waiting for more development from Eastern Europe. Benchmarks climbed in early trading, as traders welcomed positive Manufacturing PMI figures from China overnight, and await ECB President Christine Lagarde’s speech for more clues on monetary…

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February 22, 2022 BY Steffy Bogdanova

Daily market commentary: WTI crude oil prices reach a multi-year maximum as concerns grow over potential disruption of energy supplies from Russia

European Shares European shares climbed on Tuesday as most benchmarks register corrective bullish moves following Monday’s massive sell-off on equity markets. Ukraine-Russia tensions continue to simmer and dent market sentiment this week, especially after President Putin ordered military forces to what he recognized as “separatist areas”, leading the current conflict to another dimension. With geopolitical…

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February 22, 2022 BY Steffy Bogdanova

Weekly data: RBNZ and US GDP

With very strong buying saturation based on both the slow stochastic and Bollinger Bands and the presence of an important psychological resistance, another move up in the immediate future doesn’t look likely. Instead, new buyers would traditionally look for a fairly small retracement to the area of about $1,880 based on ATR before looking to…

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