Daily market commentary: The Japanese yen crosses the 145 level in relation to the dollar, the Bank of Japan intervenes LeapRate

September 23, 2022 BY Steffy Bogdanova

Daily market commentary: The Japanese yen crosses the 145 level in relation to the dollar, the Bank of Japan intervenes

European Shares Stock markets extended declines on Friday in Europe, alongside Asian shares and US futures, amid fading appetite for risk on a global scale. Benchmarks drifted lower, trading closer and closer to their annual low while Treasury yields continue to climb almost everywhere as investor sentiment is being weighed down by higher borrowing costs,…

September 22, 2022 BY Steffy Bogdanova

Daily market commentary: The pound touches a new 37 year low against the dollar

The BoE’s own predictions point to an incoming recession, while the government is having to borrow enormous amounts in order to mitigate the effects of a devastating rise in the country’s cost of living. Looking ahead, despite the shift to a more hawkish stance by the central bank, the pound is likely to remain under…

Weekly data: Oil and Gold price action before the NFP

September 20, 2022 BY Steffy Bogdanova

Daily market commentary: Gold is trading flat, remaining close to a 2-year minimum

Gold Gold has been trading flat during the early part of Tuesday’s session, remaining close to the 2-year minimum touched at the end of last week. The price of the precious metal is weighed down by the strength of the dollar, with investors bracing for the Federal Reserve rate decision due on Wednesday. The Fed…

September 20, 2022 BY Steffy Bogdanova

Weekly data: all eyes on central banks, especially the Fed

The hawkish scenario of a triple hike on Wednesday seems to be almost universally priced in, so a case of ‘buy the rumour, sell the fact’ might apply for the dollar that evening and the euro might make at least a small bounce. As noted above, though, it’s the press conference that seems to be…

September 19, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar is starting the week on the front foot

European Shares European shares continued to fall shortly after the opening bell of the first trading session of the week, extending last week’s losses as traders brace for a busy week on the macro front. The cautious trading mood prevails on the markets on Monday after investors ended the last week with more questions than…

September 15, 2022 BY Steffy Bogdanova

Daily market commentary: The euro is back to below parity with the US dollar

European Shares European stock indices climbed higher on Thursday, boosted by financials as traders continue to weigh the prospect of higher borrowing costs. Markets seem torn between a bearish sentiment on one hand, supported by lingering macro threats in a tighter liquidity environment, and dip buyers on the other who continue to bet on the…

September 14, 2022 BY Steffy Bogdanova

Daily market commentary: The US inflation numbers for August released yesterday surprised to the upside

Against this background, and with the Fed rate decision due next week, many investors now believe that the US central bank may hike rates by a full percentage point. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a trading…

September 13, 2022 BY Steffy Bogdanova

Weekly data: American and British inflation ahead

The situation on the chart has followed these changing fundamentals quite closely, with the euro making gains over the last week to a high of around a month, breaking clearly above $1.01 and the 50-day moving average from Bands. There seems to be more scope for the common currency to continue upward and possibly test…

September 13, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index hedges down, as markets await the release of US inflation data

European Shares Share markets continued to trade higher on Tuesday, registering modest gains as traders start bracing for today’s highly awaited US CPI figures. Most EU indices were in the green while Treasury markets dipped across the old continent after risk appetite found more support following reassuring inflation data from both Germany and Spain this…

September 06, 2022 BY Steffy Bogdanova

Weekly data: ECB’s meeting and balance of trade ahead

On the chart, the 50% weekly Fibonacci retracement is still the main technical reference with there being clear demand below that area. 67c seems to be a firm support for now and will probably remain so unless there’s a significant surprise from American inflation or the Fed’s meeting. To the upside, the 50 SMA from…

Tag: forex