EUROPEAN SHARES European shares are trading higher on Monday as hopes of a US stimulus package and strong macro data from China provided a fresh boost to bullish sentiment. Even if the recent battle between Republicans and Democrats over the new stimulus package scared some investors last week, the four new executive orders recently signed…
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EUROPEAN SHARES Despite a mixed trading session in Asia, EU share markets ticked higher on Monday as investors digested reassuring virus updates from Italy, France and the UK. Investors who were already betting on the recovery were pleased to see these three European countries registering their lowest death rates since March, ahead of lockdown easing…
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OIL After yesterday’s oil price rally, investors are in a wait and see mode as the OPEC+’s key virtual meeting approaches. It will be crucial for the group to reach a quick agreement to mitigate against the worst-case scenario of an enduring global glut, which was the result of the failure of the previous OPEC…
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OIL Oil price is attempting a difficult rebound with WTI climbing back above $21 after sinking to a 17-year-low of $19.40 yesterday evening. Rumours about talks between Putin and Trump, will include discussions on the oil price, are giving some hope to the barrel amid a backdrop of its dramatic performance YTD that shows a…
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EUROPEAN SHARES Friday saw most European benchmarks consolidate following a solid three day rally. The market sentiment remains alive today, thanks to the global support measures taken in almost every region. However, investors around the world may be tempted to take some profits before the weekend. The spread of the virus doesn’t seem to be…
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EUROPEAN SHARES Share markets opened lower everywhere in Europe on Thursday as uncertainty remains the overriding sentiment and has pushed investors into taking any profits generated by this week’s recovery attempt. The fact remains that investors from around the world have welcomed the recent historical batch of monetary and fiscal responses to coronavirus and these…
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OIL Risk-on remains predominant on markets. This is moderately helping the oil price in its attempt at a difficult recovery, as investors are still worried about the huge oversupply that is likely to remain the main topic for the next few months. The WTI price jumped up to $25 in the first part of the…
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GOLD The gold price finds itself the perfect environment with first the Federal Reserve unleashing its potentially unlimited stimulus package, followed by the closure of some Swiss gold refineries due to coronavirus. Therefore, it is little surprise that the price is jumping, despite the temporary return of risk on sentiment to markets. Moreover, the huge…
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EUROPEAN SHARES Shares tumbled globally on Monday, with prices returning to last week’s lows as the spread of the deadly virus continues to have a big impact on market sentiment. Even though most markets tried to consolidate around major technical support zones last week after one of the steepest declines in decades, investors’ trading stance…
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ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for March 17, 2020. This is not a trading advice. See details below: GOLD Despite the rebound of European stocks, gold is unable to sustain any solid recovery and is still trading below $1,500. Yesterday we had a first attempt at a recovery, as the…
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