Daily market commentary: The euro lost 0.5% in relation to the US dollar following news of Russia military operation in Ukraine LeapRate

February 24, 2022 BY Steffy Bogdanova

Daily market commentary: The euro lost 0.5% in relation to the US dollar following news of Russia military operation in Ukraine

Oil Brent crude oil prices rose above $100 for the first time since 2014 during early Thursday trading, with the cost of the barrel climbing more than 5% as Russia started it’s invasion of Ukraine. Moscow’s intentions to launch a military attack on its neighbour had been called out over the last few weeks by…

February 18, 2022 BY Steffy Bogdanova

Daily market commentary: Safe heaven currencies are on the back foot during early Friday trading

Gold Gold prices are edging down during early Friday trading but remaining close to the $1900 level reached on Thursday and at the start of today’s session. The precious metal rose above $1900 for the first time since June, on the back of a weakening dollar and concerns over developments in Eastern Europe, where the…

February 17, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar spiked following reports of a flare up in tension between Ukrainian and Russian forces

Gold Gold is up during early Thursday trading, approaching the multi-month high reached earlier in the week. The precious metal’s strength arises from concerns over developments in Eastern Europe, where the impasse between Russia and the West continues to be a cause for concern. Such a climate is conducive to greater demand for gold, due…

February 16, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index is falling during early Wednesday trading

Gold Gold prices are recovering some of the losses recorded during the previous session, as Wednesday’s trading gets underway in Europe, but not yet coming close to the multi-month maximums reached on Tuesday morning. Moscow’s partial troop withdrawal from the border with Ukraine appears to have improved the mood in the financial markets, with some…

February 15, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices touch a seven-month maximum

Oil WTI crude oil prices eased down from the seven-year maximums reached during the previous session. Tension between Russia and the West over the potential invasion of Ukraine, has been one of the main factors behind the recent increases in the price of the barrel, with traders pricing-in the increasing likelihood of an armed conflict…

February 03, 2021 BY Steffy Bogdanova

Daily market commentary: The silver story seems to be reduced to a temporary accident

GOLD AND SILVER Indices closed yesterday’s trading sessions in green and started this morning in the same way with risk on still dominating sentiment. Moreover, the greenback is strengthening and EUR/USD is getting closer to 1.20. As a result, investors are not keen on increasing their position on gold and bullion declined to $1,835. The…

August 07, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: CCI Traders launches MT5 with ECN, ITI Capital upgrades its FX trading platform

Global CFDs trading provider Trade360 announced its new online trading platform is now available for customers. The platform includes a host of new features and updated user interface. The new online trading platform features more then 100 technical indicators and charting instruments, as well as the ability to set a specific leverage for each position without the…

June 26, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Andrey Dashin launches Exinity Group, ActivTrades expects record revenues in H1 2020

The Italian Banking Association (ABI) has shown its willingness to support a digital currency from the European Central Bank. The ABI has approved official guidelines for governing a Central Bank Digital Currency (CBDC). The Executive Committee of the ABI has agreed on ten fundamental criteria to issue the digital euro. London Stock Exchange Group (LSEG) announced…

June 22, 2020 BY Steffy Bogdanova

Exclusive interview: iTrustCapital’s CEO Todd Southwick: “Physical gold is an insurance policy”

LR: How does the purchase of physical gold within an overall portfolio allocation generally create a "diversification benefit"? Todd: A gold ETF investor buys it as a hedge against inflation and to diversify from stocks and bonds. A physical gold investor buys gold not just as a hedge against inflation, but also to hedge against…

May 06, 2020 BY Steffy Bogdanova

Daily market commentary: The euro continues to lose ground to other major currencies

EUROPEAN SHARES Uncertainty reigns on risky assets in the middle of the week as investors around the world are now torn between contrasting drivers. On the one hand traders know that the peak of the virus is likely to have passed and the end of the crisis may be in sight, paving the way for…

Tag: Gold