The following article was written by Alejandro Zambrano, Chief Market Strategist at ATFX UK. With seven days to the January 30 Bank of England rate meeting, the rate markets are anticipating the central bank to ease the interest rate from 0.75% to 0.50% with a likelihood of 61%. Weak GDP growth and comments from the…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for January 24, 2020. This is not a trading advice. See details below: FOREX The euro is showing weakness in the aftermath of yesterday’s ECB meeting, currently trading at $1.1050, after losing 0.4% to the US dollar over the last 24 hours.…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for January 23, 2020. In US stocks, on the back of a 4.1% share price pop, Tesla raced through the $100bn market cap milestone. The electric car firm’s share price has more than doubled over the past three…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for January 23, 2020. This is not a trading advice. See details below: FOREX The leading narrative in the foreign exchange markets is one of fear, amid concern that the virus causing panic in the Chinese city of Wuhan may have the…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for January 22, 2020. Markets have bounced back this morning following yesterday’s coronavirus influenced sell off. China has taken measures to contain the virus including minimising public gatherings in the worst affected areas. This is in contrast to…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for January 22, 2020. This is not a trading advice. See details below: FOREX In the absence of any significant news or major data, the foreign exchange market appears to be driven by a resurgence in risk appetite that emerged during the…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for January 21, 2020. Global markets are all in the red this morning as China reports a fourth death from the deadly new coronavirus. It has also been confirmed that the disease can spread from human to human.…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for January 21, 2020. This is not a trading advice. See details below: FOREX The yuan is down more than 0.4% against the US dollar during the early part of Tuesday’s session, as fears grow over reports of a new SARS-like virus…
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Months of negotiation finally lead to the first phase of the US-China trade deal on Wednesday last week. In the 86 paged document, China promises to buy USD 200bn of US goods over the next two years and the US to reduce the tariffs on USD 120bn Chinese products. The deal also promises better defense…
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The following article was submitted by Michael Stark, market analyst at Exness. The biggest news for forex markets this week comes from the UK, Germany and Canada, with key data and events in each of these countries tomorrow, Wednesday and Thursday. Traders will also focus on Japanese data this week, particularly the balance of trade and inflation.…
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