Gold Gold prices continue to recover from the multi-month lows touched earlier in May. The non-yielding precious metal is benefiting from the drop in treasury yields together with some dollar weakness - with which it has an inverted price correlation. The stabilization of treasury yields and the dollar, which have retreated from peaks reached in…
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More clues about those market drivers, especially regarding the economic outlook, may be provided this week as traders await major data such as global PMIs, US new home sales, GDP and jobless claims alongside another batch of speeches from FED, ECB and BoE speakers. Pierre Veyret– Technical analyst, ActivTrades Disclaimer: opinions are personal to the…
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European Shares Markets surged higher everywhere from Asian shares to US Futures contracts on Friday, mostly led by Utilities and the Energy sector, as investors welcomed reassuring major monetary news from Beijing. The “Risk-on” trading mood has registered a solid rebound during the last couple of hours as traders cheered the significantly dovish monetary decision…
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European Shares Share markets slid lower on Thursday, extending the drop registered on US stocks at the end of the trading session yesterday, as fear trading dominates. Despite the recent optimism, investor focus is now back on inflation and its impact on consumer and household spending, company performances and, more generally, growth. In addition, the…
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There seems to be limited demand for now to push above the main resistance, the 100 SMA, but a breakout above here could see a test of the 200 SMA and the 61.8% area of the weekly Fibonacci fan. ATR’s large rise since the end of March, from about R0.2 to nearly R0.5, would traditionally…
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European Shares Shares continued to climb higher in Europe on Tuesday, alongside US Futures and Asian stocks, as “risk-on mood” grows everywhere. Investors’ appetite for riskier assets is on the rise after many welcomed today’s positive unemployment and GDP figures from France, Finland, and the UK. In addition, the improving virus situation in China is…
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European Shares Shares slid moderately in Europe on Monday, following a mixed trading session in Asia after disappointing data from China dented market sentiment overnight. European benchmarks pared some of the gains registered at the end of last week as lingering bearish leverages keep the trading environment unpredictable for investors. With sentiment weighed down by…
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Oil WTI crude oil prices rose during early Friday trading but remain on track for a weekly drop. There are two opposing forces dictating the markets stance in relation to oil; supply side concerns support the price of the barrel, with the ongoing war in Ukraine and the prospect of the European Union imposing a…
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Gold Gold prices are hedging down as the US dollar hit a high not seen since 2002, keeping the precious metal under pressure due to its inverted correlation with the greenback. US inflation numbers released on Wednesday suggested that consumer prices may have already peaked but still surprised to the upside with a reading of…
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Gold Gold prices bounced back from 2-month lows during early Wednesday trading. The price of the precious metal is suffering due to its inverted correlation with the US dollar, which is currently hovering close to a 2 decade high reached earlier in the week. With US inflation data for April expected later today, there may…
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