Daily market commentary: Stocks are trading slightly higher at the beginning of the European session on Monday LeapRate

September 07, 2020 BY Steffy Bogdanova

Daily market commentary: Stocks are trading slightly higher at the beginning of the European session on Monday

EUROPEAN SHARES Stocks are trading slightly higher at the beginning of the European session on Monday with benchmarks stabilizing following last week’s sell-off. While uncertainty remains over mounting job risks as well as drying stimulus, many investors seem to be speculating that the European economy could be more resilient than other economic areas. These hopes are…

September 03, 2020 BY Steffy Bogdanova

Daily market commentary: Gold has been hit by the strength of the greenback

GOLD Gold has been hit by the strength of the greenback in the last 48 hours. The bullion price retraced from the resistance zone at $2,000 to once again near the support zone at $1,920. Moreover, the general "risk on" scenario seen on markets, with another rally on stocks, pushed investors to bet on more risky…

September 02, 2020 BY Steffy Bogdanova

Daily market commentary: The US dollar recovered some of the ground recently lost to the euro

GOLD The US dollar is recovering and consequently gold is losing ground. Bullion’s decline is proportional to the recovery of the greenback, confirming that the current movement is mostly related to what is happening on the currency markets. In other words, the main trend for gold remains positive and a clear surpass of $1,990 and…

September 01, 2020 BY Steffy Bogdanova

Daily market commentary: The dollar is in decline versus other major currencies

GOLD The Fed’s decisions and the new inflation target opened space for a new rally for gold. After rebounding on the previous resistance level (and now support zone) at $1,920, bullion skyrocketed again to $1,990 as the greenback continues to weaken. Despite US indices continuing to rally, investors feel the need to increase the proportion of…

August 17, 2020 BY Valentina Kirilova

Daily market commentary: The dollar continues to decline

EUROPEAN SHARES European share markets started the week on a mixed note as the "wait and see" trading stance continues ahead of a busy week. Stimulus measures and the US-Sino relationship remain the biggest market drivers at the moment and investors were slightly disappointed to see trade talks between Washington and Beijing, initially planned for…

July 10, 2020 BY Valentina Kirilova

Daily market commentary: What can we expect from the oil price?

EUROPEAN SHARES Stocks slid lower on Friday in Europe, extending yesterday’s losses and following the bearish trend overnight in Asia, as risk appetite fades across the globe. Despite a positive start to the week, record increases in the number of infections and deaths in several countries (California, Florida, Mexico, BRIC countries etc…) has brought some…

July 07, 2020 BY Valentina Kirilova

Daily market commentary: The US dollar index is recording gains today

EUROPEAN SHARES European share markets slid slightly lower on Tuesday as bullish market sentiment takes a break ahead of a busy upcoming few days with a slew of new macro data. Investors unsurprisingly seized the occasion brought by this morning’s disappointing German industrial production data to cash in some of their profits, following a six-day…

June 16, 2020 BY Valentina Kirilova

Daily market commentary: The dollar remains under pressure

EUROPEAN SHARES European shares traded significantly higher on Tuesday, with similar gains on both Asian stocks and US futures on the S&P 500. This bullish trading stance took hold during yesterday’s US session when both the Fed and Washington tried to reassure investors against rising virus numbers. While the Fed will start buying corporate bonds…

June 09, 2020 BY Valentina Kirilova

Daily market commentary: The dollar is gaining ground

EUROPEAN SHARES European shares were little changed on Tuesday with this week’s consolidation phase continuing ahead of tomorrow’s Fed meeting. Even if the strong bullish pace on equity markets slowed significantly this week, the lack of sharp downside corrections prevents the current trend from being really threatened. This lateral tone in the very short-term is…

April 01, 2020 BY Valentina Kirilova

Daily market commentary: The dollar is strengthening

GOLD The gold price fell yesterday as low as $1,570, breaking down the first support level of $1,590 in the process, on growing fears that central banks will buy much less gold and other precious metals in the next few years. Despite this quick descent and despite the strength of greenback seen in the last…

Tag: dollar