GOLD We have seen an interesting rebound for gold in the last few hours, with the spot price bouncing up by $20 to get close – once again – to the resistance level of $1,850. A clear surpass of this barrier, could open space for further rebounds to $1,872-$1,875, while a next key level is…
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What to watch There is little in the way of corporate earnings releases or economic data being reported on Monday, but the last full trading week before Christmas is set to be a packed one. In the US, negotiations between Democrat and Republican lawmakers on a stimulus package will be in focus, as will the…
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OIL Stocks futures have started the week in green amid new hope for a Brexit deal and oil is taking advantage of this situation. Moreover, Asian oil demand has recovered quite quickly, and there are expectations for this trend to continue into the US and Europe over the next few months. In this scenario, Brent…
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What to watch US consumer sentiment data: On Friday, preliminary consumer sentiment data for December will be released by the University of Michigan. The index came in at 76.9 for November, and consensus expectations for December are a small decline to 76.5. The US economy is heavily dependent on consumer spending, which accounts for 70%…
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Pound tumbles on Brexit tension, boosts FTSE 100 London-listed stocks recorded gains last week, as significant tensions between the United Kingdom and European Union over Brexit sent the value of the pound tumbling. Sterling fell from close to $1.33 on Monday to sub $1.28 by the weekend. Any negative movement for sterling tends to lead…
Read moreAs of Friday evening, last week, Britain is finally out of the European Union, ending 47 years of membership. Some say that the time of uncertainty is over but the future poses even more questions. Officially, the end of January marked Brexit but it will not actually “kick in” until the end of 2020. There…
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The Financial Conduct Authority (FCA) publish today guidelines for financial services firms as Brexit is looming over. On 31 January at 11pm the UK is set to leave the European Union (EU). The FCA informs that the implementation period ends on 31 December 2020, until then EU law will continue to apply. UK firms and…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for January 6, 2020. Good morning, A very Happy New Year to you all, the start of a new decade. Did anyone have money on #WorldWar3 trending within the first week? To say it has been an eventful…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for December 20, 2019. This is not a trading advice. See details below: FOREX Despite some gains during early Friday trading, the Pound is on course for the worst week in 2 years, having lost almost 2.5% to the US Dollar. Sterling…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for December 18, 2019. This is not a trading advice. See details below: FOREX/BREXIT The pound continues to fall and has cancelled out the post-election gains, as markets price in fresh risks of a no-deal Brexit. Many investors expected a more constructive…
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