Daily market commentary: The greenback retreats from almost two-year high as the markets digest the release of US inflation data LeapRate

April 14, 2022 BY Steffy Bogdanova

Daily market commentary: The greenback retreats from almost two-year high as the markets digest the release of US inflation data

Oil WTI crude oil prices hedged down during early Thursday trading, following the release of US stocks, which read above expectations. The market was less active than usual, due to the long weekend in Europe, America and most of Asia, with the reduction in the number of active buyers also contributing to the easing in…

April 14, 2022 BY Steffy Bogdanova

Midweek data: more highs for inflation ahead of the ECB

The technical picture remains unambiguously negative, with a fresh two-year closing low of $1.0825 on Tuesday. The next key support is the psychological area of $1.07 near the 100% Fibonacci retracement, i.e. full retracement of all the euro’s gains since March 2020. To the upside, any possible bounce in the next few weeks would probably…

April 13, 2022 BY Steffy Bogdanova

Daily market commentary: The euro is recording some modest gains in relation to the US dollar

Gold Gold prices are flat during early European trading, following Tuesday’s rise which reached the highest level since mid-March. Gold’s gains came as US yields eased down, following the release of US inflation data, which despite reaching a fresh 40-year high, also gave signs that it may have peaked. The markets have been pricing-in the…

April 11, 2022 BY Steffy Bogdanova

Daily market commentary: Stock benchmarks opens without clear direction while market volatility is on the rise

European shares Stock benchmarks opened without clear direction while market volatility was on the rise on Monday as investors digested a batch of mixed economic news from different regions. Despite positive CPI data that topped estimates in China overnight, the Asian trading session was marked by lingering worries regarding the Covid resurgence in the area…

April 08, 2022 BY Steffy Bogdanova

Daily market commentary: European shares climb, alongside US Futures contracts

European shares European shares climbed on Friday, alongside US Futures contracts, paring some of Thursday’s losses as market sentiment improved for the last trading session of the week. All European benchmarks were in the green on Friday morning, with the best performances brought by Athens, Milan, and Paris, mostly due to energy shares as investors…

April 07, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar loses some ground to other major currencies but remains close to the highs it gained in the previous session

Gold Gold prices are almost flat during early Thursday trading, remaining within the same narrow range of the last few weeks. The value of the precious metal has been determined by the countering forces of, on one side, the geopolitical risk generated by the war in Ukraine, which enhances gold’s haven appeal, and the increasingly…

April 06, 2022 BY Steffy Bogdanova

Daily market commentary: European shares followed the global “risk-off” trend with all benchmarks drifting lower from Frankfurt to Lisbon

European shares European shares followed the global “risk-off” trend on Wednesday with all benchmarks drifting lower from Frankfurt to Lisbon, as monetary policies and growth expectations keep on pressuring market sentiment. Today will be a key day for both stock and currency traders with the release of the minutes of the last FOMC meeting. While…

April 05, 2022 BY Steffy Bogdanova

Daily market commentary: European markets traded mixed after gains in Frankfurt, Madrid and Copenhagen offset losses in Milan, London and Paris

European shares European markets traded mixed after gains in Frankfurt, Madrid and Copenhagen offset losses in Milan, London and Paris as investors struggle to assess the impact of different major market drivers. Risk appetite remains resilient as technical supports are preventing stock benchmarks from drifting even lower while cash continues to rotate from safety to…

April 04, 2022 BY Steffy Bogdanova

Weekly data: trade around the world

Key data this week Bold indicates the most important releases for this symbol. Tuesday 5 April from 4:30 GMT: statement and press conference of the Reserve Bank of Australia 12:30 GMT: American balance of trade (February) - consensus negative $88.5 billion, previous negative $89.7 billion 14:00 GMT: ISM non-manufacturing PMI (March) - consensus 58.4, previous…

March 31, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar recovered some of the ground lost over the last few sessions

Gold Gold prices barely changed during early Thursday trading. The price has remained within a relatively narrow range over the last two weeks, caught between the demand generated by its haven appeal and hedge against inflation, on one side, and the selling pressures generated by rising interest rates and yields, which make the non-yielding gold…

Tag: markets