European Shares Global markets slid lower everywhere at the start of the new week, as appetite for riskier assets decreased and lingering dark clouds continue to overshadow market sentiment. While monetary tightening, inflation and the prospect of slower growth have been dampening the markets of late, today’s risk aversion came from China. Investors chose to…
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A better-than-estimated figure would suggest the US economy is in a better shape than initially expected, which could provide the Fed with more room for further aggressive moves. On the other hand, a disappointing number would suggest the recession is increasingly unavoidable, which should trigger further panic moves and fear trading on the market. Ricardo…
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On the old continent, investors are keeping an eye on the political situation in the UK after PM Boris Johnson said he won’t give up his seat despite a slew of resignations from his ministers. Cable stabilized around 1.1900 while the FTSE-100 index is trading sideways, between 7,300pts and the 7,000-pts mark, as investors wait…
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Against this backdrop, with the Fed leading the pack, there may be further upside for the US dollar, especially as recession fears will also support it, due to the greenback’s haven appeal. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not…
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With commodity prices falling and recession fears growing, some now believe that the Fed will not be able to go as far as previously expected, in terms of tightening, in a dynamic that is shifting expectations towards a slightly lower benchmark US rate than had previously been expected, creating scope for further dollar weakness. Ricardo…
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On the chart, the picture is generally neutral aparts from moving averages. Volume is low so far this week and the slow stochastic is almost exactly neutral at just above 50. The 50 SMA is the main technical reference at the moment, with movement above there unlikely unless traders receive positive new information of some…
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Also offering support to the American currency, is the growing likelihood of an economic recession, triggered by the withdrawal of stimulus; a scenario that increases demand for the relative safety of the dollar. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is…
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European Shares Markets opened in the green in Europe at the end of the week, extending gains registered in Asia overnight, with tech shares leading the way. Market sentiment improved yesterday after Fed Chairman, Jerome Powell, reaffirmed his “unconditional” will to tame down inflation. However, while some investors perceived these words as good news, others…
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European Shares Shares slid lower in Europe and pared yesterday’s gains, alongside US Futures, as market sentiment gets weighed down by the latest comments from Federal Reserve chief, Jerome Powell. Uncertainty and fear trading prevail today as investors continue to hedge their exposure on stocks with safer havens such as gold, treasuries and the JPY…
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There is no very clear signal from the chart except for the price being below all three of the 50, 100 and 200 simple moving averages, suggesting movement lower. The slow stochastic is close to neutral and there has been no significant change in ATR in June so far. In this context of no clear…
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