Tag: EUR/USD

US GDP
December 22, 2021 BY Steffy Bogdanova

Weekly data: US GDP ahead of the holidays

For the time being, the bias based on TA still seems to be towards the upside but a clear breakout above $1,800 might still be some way off. The latest attempt to move above this important psychological area was rejected on Friday, and with activity likely to drop in the runup to Christmas there probably…

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December 14, 2021 BY Steffy Bogdanova

Weekly data: inflation and major central banks ahead

The current channel is narrow with $1,770 and $1,800 remaining in view as likely boundaries. The bias for gold based on fundamentals seems to be towards buying unless the Fed is very hawkish on Wednesday, but TA remains noncommittal. All three moving averages are above the price and momentum upon emergence from oversold (based on…

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daily market analysis
August 06, 2020 BY Valentina Kirilova

Daily market commentary: Gold price continues to skyrocket

EUROPEAN SHARES  Stocks opened mostly lower on Thursday in Europe amid weaker market sentiment following mixed developments on multiple fronts. Rising US-Sino tensions, increasing virus cases on the old continent and the recent batch of mixed macro data are some of the clouds darkening the sky for investors at the moment. As previously said, there…

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daily market analysis
August 05, 2020 BY Valentina Kirilova

Daily market commentary: Gold hits new record high (yet again)

EUROPEAN SHARES  Eurozone share markets from Stockholm to Madrid opened higher on Wednesday as bullish momentum over riskier assets gained a fresh boost from Washington. Investors welcomed the progress made in discussions between US Republicans and Democrats about a new recovery package, especially after the US Treasury Secretary said he wanted a deal reached by…

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daily market analysis
July 27, 2020 BY Valentina Kirilova

Daily market commentary: Gold climbs to its highest price ever

EUROPEAN SHARES  European shares opened lower on Monday as market sentiment remains subdued with stock traders bracing for another busy week. The deadly virus is still having a strong impact on markets despite the global monetary and fiscal response. Increasing COVID-19 cases around the world recently have led to some renewed lockdown and quarantine measures,…

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daily market analysis
July 23, 2020 BY Valentina Kirilova

Daily market commentary: The Dollar Index continues to decline

EUROPEAN SHARES  Stocks opened slightly higher in most European markets on Thursday, retracing some of yesterday’s losses while market sentiment remains mixed and directionless on a very short-term basis. Even if most bullish trends remain valid on European benchmarks so far, especially on the DAX-30 Index, lingering concerns over the uncertainty on the timing of…

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daily market analysis
July 15, 2020 BY Valentina Kirilova

Daily market commentary: Reports of successful tests for a coronavirus vaccine enhance global appetite for risk

EUROPEAN SHARES  European shares continue to trade higher on Wednesday, alongside Asian equities and US Futures, as vaccine hopes keep on fuelling the market’s current bullish sentiment. Moderna’s promising results from its vaccine trial have helped sustain market sentiment today, and this optimism even offset new cases of the virus spotted around the world. However, the…

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daily market analysis
July 06, 2020 BY Valentina Kirilova

Daily market commentary: The DAX-30 Index is one of Europe’s top performers

EUROPEAN SHARES  All eurozone benchmarks opened significantly higher on Monday as the momentum on riskier assets remains strongly bullish momentum despite coronavirus cases continuing to rise over the weekend. As explained in previous reports, the recent positive macro data and potential development of a cure against the virus boosted market sentiment last week. However, the…

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