Daily market commentary: The Euro is on the front foot as Russian and Ukrainian officials are due to meet today in Turkey LeapRate

March 29, 2022 BY Steffy Bogdanova

Daily market commentary: The Euro is on the front foot as Russian and Ukrainian officials are due to meet today in Turkey

Gold Gold prices are down during early Tuesday trading. The appeal of the precious metal is declining among investors, as talks between Russia and Ukraine trigger hopes of a de-escalation in the conflict, while US treasury yields continue to rise. A ceasefire between Russia and Ukraine is a potential outcome of the talks between officials…

March 29, 2022 BY Steffy Bogdanova

Weekly data: European inflation ahead of the NFP

The 261.8% Fibonacci extension around $129 remains in focus as the key resistance. A breakthrough above this remains highly unlikely unless there’s a significant change in fundamentals. $100 is the main psychological area below which might also drive a bounce if it were to be tested this week. With no signal of saturation and ATR…

March 24, 2022 BY Steffy Bogdanova

Daily market commentary: A sense of it getting closer to de-escalation in the war in Ukraine, even if only temporarily, has been rising in the markets

European Shares European shares opened moderately higher on Thursday, following a mixed trading session in Asia, as investors brace for a busy day on the macro front. Euro bond markets traded slightly up as well this morning, confirming hedging moves from portfolio managers against today’s risk and market volatility that will be brought by a…

March 22, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar gains ground, following a speech by the chairman of the Fed

Gold Gold prices hedged down during early Tuesday trading, due to the precious metal’s inverted correlation with the US dollar. The greenback strengthened as the 10-year treasury yields reached 2.3% for the first time since 2019, after the Fed’s chairman, Jerome Powell, surprised observers by demonstrating an aggressive stance in relation to the need to…

March 22, 2022 BY Steffy Bogdanova

Weekly data: British inflation and regional central banks

On the chart, a further leg down doesn’t seem immediately likely given the strength of the 100% weekly Fibonacci retracement around $1.307. This area represents full retracement of all the pound’s losses late in Q1 2020. However, the 50 SMA from Bands has recently death crossed the 100, so a phase of clear gains above…

March 21, 2022 BY Steffy Bogdanova

Daily market commentary: Brent oil prices rise, as the markets weigh the possibility of a Western embargo on Russian oil exports

European Shares European shares opened without clear direction on Monday, extending the mixed sentiment spotted overnight in Asia, as global risk appetite seems to be taking a break following record gains registered on last week. This week is likely to be crucial, as investors discover if last week’s solid rebound was just a volatile move…

March 18, 2022 BY Steffy Bogdanova

Daily market commentary: Even if the war in Ukraine continues to fuel market volatility, risk appetite seems to keep prevailing in Europe

European Shares Equity benchmarks traded mostly higher in Europe on Friday, despite patchy performances in Asia as investors digested mounting uncertainties around Russia-Ukraine talks. Even if the war in Ukraine continues to fuel market volatility as well as cross-asset rotation trading, risk appetite seems to keep prevailing in Europe as share markets are set to…

March 17, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index hedged down, following the announcement of the first interest rate hike since 2018

Gold Gold prices rose during early Thursday trading, benefiting from the weakening of the dollar, due to the inverted correlation between the two assets. The greenback lost ground to other major currencies after Wednesday’s rate hike and Fed’s hinting at several more increases until the end of the year, as the move had already been…

March 16, 2022 BY Steffy Bogdanova

Daily market commentary: It is expected that the US central bank will hike interest rates

European Shares European shares jumped at market open on Wednesday, alongside Asian equities, and US Futures contracts, amid improving global market sentiment. The “risk-on” trading stance is back on track everywhere, and market panic is clearly fading as investors digest the latest positive macro developments brought by both China and Russia/Ukraine diplomatic talks. The strong…

March 16, 2022 BY Steffy Bogdanova

Weekly data: sentiment recovers ahead of the Fed

A return to strength looks unlikely as of now based on TA. Although yesterday’s test of the 23.6% weekly Fibonacci retracement area has been rejected for now, selling volume has been high since last week and the downward reaction on 9 March from the area of the all-time high has been very strong. With ATR…

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