Tag: dollar index

daily market analysis
October 29, 2020 BY Steffy Bogdanova

Daily market commentary: The euro continues to weaken

EUROPEAN SHARES Most European benchmarks opened higher on Thursday, paring some of yesterday’s losses, as market sentiment gets a fresh boost from the corporate sector. Strong earnings reports from major companies like ASM International NV or Royal Dutch Shell have managed to reassure investors, temporarily at least, ahead of another busy day. There is also…

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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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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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daily market analysis
October 21, 2020 BY Steffy Bogdanova

Daily market commentary: Stocks drifted lower on Wednesday

EUROPEAN SHARES Stocks drifted lower on Wednesday, despite bets on further US stimulus driving most Asian stocks and US Future contracts higher overnight. Investors were pleased to see the US House of Representative speaker Nancy Pelosi maintaining her “hopes” of a compromise on the next stimulus plan before the end of the week. However, while…

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daily market analysis
October 16, 2020 BY Steffy Bogdanova

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

GOLD After yesterday’s sell off on European stock markets, gold is remaining steady just above $1,900. Rising figures of Covid-19 infections are increasing fears of more lockdowns with all the related consequences. In other words, the impending need for more monetary stimulus to mitigate the impact of the coronavirus-induced crisis is keeping investors’ gold appetite…

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