Tag: markets

daily market analysis
September 16, 2020 BY Valentina Kirilova

Daily market commentary: Crucial FOMC meeting today

GOLD In the last few trading sessions we have seen less volatility on gold. The bullion price remains above $1,950, without being able to attack the key resistance area of $2,000. The positive trend looks to be recovering its strength even if we are in a “wait and see” phase, with investors believing that the…

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September 15, 2020 BY Steffy Bogdanova

Weekly forex data: the Fed and BoE in the spotlight

Key data this week Bold indicates the most important releases for this symbol. Tuesday 15 September, 9.00 GMT: ZEW economic sentiment index (September) - consensus 69.8, previous 71.5 Tuesday 15 September, 23.50 GMT: Japanese balance of trade (August) - consensus -¥37.5 billion, previous ¥11.6 billion Tuesday 15 September, 23.50 GMT: Japanese annual exports (August) -…

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forex and crypto market analysis
September 11, 2020 BY Valentina Kirilova

Daily Market News: Stocks wobble as US stimulus is voted down

Morrison earnings disappoint while Games Workshop soars London-listed shares were close to flat yesterday, although they ended the day in the red. Sterling suffered another poor day, falling more than 1% against both the dollar and euro after the European Central Bank decided to hold fast on its current interest rate position. Morrison Supermarkets brought…

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daily market analysis
September 11, 2020 BY Valentina Kirilova

Daily market commentary: Europe becomes a virus hotspot again

EUROPEAN SHARES  European benchmarks were little changed for the last trading session of the week as uncertainty continues. Although the ECB held its rates and provided investors with extended purchase programs (APP and PEPP) yesterday, no significant immediate impact has been recorded on stock prices as the move was already largely priced in. Christine Lagarde’s…

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forex and crypto market analysis
September 10, 2020 BY Valentina Kirilova

Daily Market News: Relief for tech stocks after multi-day sell-off as virus cases spike globally

AstraZeneca holds firms after positive news on Covid-19 vaccine trial hiccup After reporting late on Tuesday that it had paused its Covid-19 vaccine trial due to participant illness, AstraZeneca’s London listed shares closed the day in the green. Per CNBC, the company’s CEO Pascal Soriot told investors on a private conference call on Monday morning…

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daily market analysis
September 10, 2020 BY Valentina Kirilova

Daily market commentary: Traders brace for today’s ECB meeting

EUROPEAN SHARES  Stock markets opened mixed but steady this morning as traders now brace for today’s ECB meeting after a volatile trading week so far. The recent mounting bearish drivers on stocks (drying stimulus, US-Sino tensions, Brexit talks and valuation issues in the tech sector) have made the mid-term outlook much harder to predict for…

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forex and crypto market analysis
September 09, 2020 BY Valentina Kirilova

Daily Market News: Tesla suffers worst day in history as tech names continue to rout

AstraZeneca pauses Covid-19 vaccine trial The pound continued to slump yesterday, falling below $1.30 after reports that the UK is stepping up preparations for a possible no-deal Brexit. The tumbling pound buffered UK stocks from the broader Tuesday sell-off globally (as large UK firms make a significant proportion of their money overseas in other currencies)…

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