Tag: forex

daily market analysis
October 07, 2020 BY Steffy Bogdanova

Daily market commentary: The dollar continues to behave as a barometer of the markets’ risk appetite

EUROPEAN SHARES European indices ticked higher on Wednesday, continuing the trend registered in Asia overnight, as investors’ risk appetite accelerates. The fact that President Trump has said to be in favour of alternative stimulus measures as well as a new support plan for the airline sector is boosting market sentiment and offsetting this morning’s disappointing…

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daily market analysis
October 06, 2020 BY Steffy Bogdanova

Daily market commentary: The Dollar Index is almost flat

EUROPEAN SHARES Monday’s optimism on President Trump’s improving health conditions as well as hopes of further stimulus from US lawmakers recently had an important bullish impact on both US and Asian stock markets, however, this sentiment isn’t continuing in Europe today after benchmarks opened mixed. While many investors welcomed the good news from the US,…

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October 05, 2020 BY Steffy Bogdanova

Weekly forex data: trade and the RBA in focus

Key data this week Bold indicates the most important releases for this symbol. Tuesday 6 October, 12.30 GMT: Canadian balance of trade (August) - consensus -C$2.5 billion, previous -C$2.45 billion Tuesday 6 October, 12.30 GMT: American balance of trade (August) - consensus -$66.1 billion, previous -$63.6 billion Tuesday 6 October, 20.30 GMT: API crude oil…

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daily market analysis
September 29, 2020 BY Valentina Kirilova

Daily market commentary: Gold rebounds

GOLD As soon as the dollar’s recovery stopped, gold has been able to rebound, consolidating the strength of the support placed at $1,850-$1,860. Indeed, as long as the price remains above this threshold the main trend remains positive, while a decline below $1,850 would denote some further weakness. From a fundamental point of view, despite…

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September 28, 2020 BY Steffy Bogdanova

Weekly forex data: GDP and the NFP

Key data this week Bold indicates the most important releases for this symbol. Wednesday 30 September, from 1.00 GMT: American presidential debate Wednesday 30 September, 6.00 GMT: British annual GDP growth (Q2, final) - consensus -21.7%, previous -1.7% Wednesday 30 September, 6.00 GMT: British quarterly GDP growth (Q2, final) - consensus -20.4%, previous -2.2% Wednesday…

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