Daily market commentary: The US dollar strengthening continues, following the release of US inflation data LeapRate

May 12, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar strengthening continues, following the release of US inflation data

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…

May 11, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar hedged down in relation to other major currencies

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…

May 11, 2022 BY Steffy Bogdanova

Midweek data: traders await US CPI

Given the psychological importance of ¥130, lower buying volume so far this month and overbought based on the slow stochastic, technical analysis would suggest that further strong gains in the near future are unfavourable. However, higher than expected inflation this afternoon could drive the dollar strongly in the short term at least. The long-term target…

Weekly data: Oil and Gold price action before the NFP

May 10, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices hedged up, recovering some of the losses recorded during the previous session

European Shares European markets ticked higher on Tuesday, paring some of yesterday’s losses following technical rebounds over major support levels, while investors await new macro developments. Cross asset trading continues this week as traders keep adjusting their exposure between key negatively correlated markets such as Treasuries, Stocks and the US Dollar. Market sentiment remains generally…

May 09, 2022 BY Steffy Bogdanova

Daily market commentary: European shares lag with most benchmarks holding last week’s losses as sentiment remains risk-off

The Stoxx-50 index is now trading well below the 3,685.0pts support, now seen as a resistance, at 3,600.0pts. The bearish pressure is rising inside a directional move, and 3,520.0pts (78.6% Fibonacci) could be considered as the next support level for the market. Pierre Veyret– Technical analyst, ActivTrades Disclaimer: opinions are personal to the authors and…

May 06, 2022 BY Steffy Bogdanova

Daily market commentary: The US Dollar is back on the front foot

European Shares European markets extended yesterday’s losses on Friday, alongside US Futures, as risk aversion dominates everywhere at the end of the week. Markets are set to register their biggest weekly drop in two months, with today’s decline led by Health Care and Tech shares, as the bullish enthusiasm brought by higher rates from the…

May 05, 2022 BY Steffy Bogdanova

Daily market commentary: The USD loses momentum after the latest US Fed policy decision announcement

European Shares European stocks traded all in green territory on Thursday, extending gains registered at the end of the US session, after investors welcomed the Fed’s action to tame inflation. FED Chairman Jerome Powell managed to reassure investors by announcing a 50-basis point rate hike while rolling-out the prospect of further increases at forthcoming meetings,…

May 04, 2022 BY Steffy Bogdanova

Daily market commentary: WTI crude oil prices are hedging up

European Shares Stocks traded sideways, flirting with their opening level in Europe on Wednesday, as investors brace for today’s FOMC meeting. While Fed chairman, Jerome Powell, is widely expected to announce an historical 50-basis point rate hike in the end of the afternoon, investors will scrutinize his speech, looking for more clues on tapering and…

May 03, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices remain under pressure

Gold Gold prices remain under pressure during early Tuesday trading, close to the multi-week minimums reached during the previous session. Despite the precious metal’s role as a hedge against inflation and haven during times of geopolitical instability - two factors that remain very much in the picture - gold prices remain subdued as the dollar…

April 19, 2022 BY Steffy Bogdanova

Weekly data: Canadian and Japanese inflation in view

However, the rand has remained strong in the last few weeks as the South African Reserve Bank also appears to be in a cycle of tightening. On the whole, the outlook for South Africa’s economy seems to be stronger now than it was at the start of 2022: prices of important commodities, key to South…

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