Daily market commentary: A sense of it getting closer to de-escalation in the war in Ukraine, even if only temporarily, has been rising in the markets LeapRate

March 24, 2022 BY Steffy Bogdanova

Daily market commentary: A sense of it getting closer to de-escalation in the war in Ukraine, even if only temporarily, has been rising in the markets

European Shares European shares opened moderately higher on Thursday, following a mixed trading session in Asia, as investors brace for a busy day on the macro front. Euro bond markets traded slightly up as well this morning, confirming hedging moves from portfolio managers against today’s risk and market volatility that will be brought by a…

March 22, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar gains ground, following a speech by the chairman of the Fed

Gold Gold prices hedged down during early Tuesday trading, due to the precious metal’s inverted correlation with the US dollar. The greenback strengthened as the 10-year treasury yields reached 2.3% for the first time since 2019, after the Fed’s chairman, Jerome Powell, surprised observers by demonstrating an aggressive stance in relation to the need to…

March 17, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index hedged down, following the announcement of the first interest rate hike since 2018

Gold Gold prices rose during early Thursday trading, benefiting from the weakening of the dollar, due to the inverted correlation between the two assets. The greenback lost ground to other major currencies after Wednesday’s rate hike and Fed’s hinting at several more increases until the end of the year, as the move had already been…

March 14, 2022 BY Steffy Bogdanova

Daily market commentary: Stocks trade higher in Europe, alongside US Futures as new round of diplomatic talks begin

European Shares Stocks traded higher in Europe on Monday, alongside US Futures, as investors bet on an improving geopolitical context at the beginning of a new round of diplomatic talks. Market volatility may not be over as war continues for now, with Russia still targeting military facilities across Ukraine. In addition, the prospect of a…

March 11, 2022 BY Steffy Bogdanova

Daily market commentary: The ongoing energy crisis is exacerbating inflationary pressures in the old continent

Gold Gold prices are hedging down during early Friday trading, but still look set to end the week in the green, as the sentiment in the markets remains under the influence of the war in Ukraine. The price of the precious metal retreated from the maximums reached earlier in the week, as the scope for…

March 10, 2022 BY Steffy Bogdanova

Daily market commentary: The price of WTI crude oil is hedging up following a 12% drop in the price of a barrel during the previous session

Gold Gold prices dropped below $2,000 per ounce during Wednesday’s session and continued the hedge down during early Thursday trading. Risk appetite improved in the financial markets, as oil prices retreated from multi-year highs, following calls for the stepping up of oil production in countries with spare capacity. Despite the continuation of the geopolitical risks…

March 09, 2022 BY Steffy Bogdanova

Daily market commentary: WTI crude oil prices remain above $120 per barrel, following the ban of Russian oil by the USA and UK

Gold Gold prices remain firmly supported above $2,000 dollars per ounce during early Wednesday trading, Demand for the precious metal increased as the geopolitical risk grew in Eastern Europe, with its price spiking on Tuesday and coming close to the all-time high reached in August 2020. The performance of gold will remain strongly linked to…

March 08, 2022 BY Steffy Bogdanova

Daily market commentary: The euro hedged up, remaining nevertheless close to the minimums of Monday

Gold Gold prices hit a fresh 18-month high during early Tuesday trading, reaching $2,020. The precious metal may soon test the all-time maximum of $2,075, reached in August 2020, as the flight to safety intensifies. The economic fallout from the war in Ukraine is worrying market operators, with the growing likelihood of Russian oil and…

March 04, 2022 BY Steffy Bogdanova

Daily market commentary: The trading mood remains strongly “risk-off”

Gold Gold prices are rising during early Friday trading, as flows towards haven assets increases. Developments in Ukraine continue to influence the levels of risk appetite in the markets, with the latest being the Russian attacks around the Zaporizhzhia nuclear power plant, which raised the levels of anxiety amongst market operators. As the war continues…

March 03, 2022 BY Steffy Bogdanova

Daily market commentary: Brent crude oil reaches a fresh multi-year record

Gold Gold is trading flat at the opening of Thursday's European session, as investors play a balancing act by factoring in the heightened geostrategic risk posed by the ongoing war in Ukraine on one side and the measurement of the Fed’s approach to tighten monetary policy on the other. Russia’s belligerence continues to generate concern…

Tag: Gold