Daily market commentary: European markets opened modestly higher LeapRate

May 24, 2021 BY Steffy Bogdanova

Daily market commentary: European markets opened modestly higher

EUROPEAN SHARES European markets opened modestly higher at the beginning of the week, providing a mixed sectoral performance picture as gains in tech and banking shares offset declines from miners. Investors returned cautiously to their trading desk with uncertainty reigning following China’s crackdown on commodities and crypto markets, which sparked a significant increase in volatility.…

May 21, 2021 BY Steffy Bogdanova

Daily market commentary: the Dollar Index is ending the week having given up all those gains

GOLD Gold is steady just above the threshold of $1,870. The modest gains seen this week should be considered in a bigger picture, as it is the third week in a row in green for bullion. The main trend is still positive with investors buying gold on the weakness of the dollar and as a…

May 20, 2021 BY Steffy Bogdanova

Saxo to launch crypto trading against major currencies

Kostyukhin added: We set out to deliver a product which offers the security and ease of use associated with more mature asset classes, coupled with the volatility and dynamics of Bitcoin, Ethereum, and Litecoin – giving clients the opportunity to trade both long and short in the thriving crypto market. The latest service from Saxo…

May 20, 2021 BY Steffy Bogdanova

Daily market commentary: Gold vs Bitcoin

GOLD VS BITCOIN To put things into context, gold lost 45% of its value over the space of over 4 years between late 2011 and the end of 2015. Yesterday it moved in a range of around 2%. By contrast, bitcoin has fallen as much as 55% from the peak reached on the 14th of April,…

May 20, 2021 BY Steffy Bogdanova

StoneX Markets rolls out self-service OTC platform

Mark Maurer, CEO & President of StoneX Markets, commented: We’re excited to unveil MyStoneX, one of the most comprehensive and powerful tools on the market for developing and executing risk-based OTC hedging strategies. In addition to providing the industry’s most sophisticated technology offering that can support more than 200 commodity products, MyStoneX addresses an educational…

May 19, 2021 BY Steffy Bogdanova

Daily market commentary: The pound is retreating from multi-month highs against the dollar

GOLD Gold just reached a new four-month-high, before slightly curbing its recovery. Buyers are moving to gold, in response to a combination of factors. The two most notable are surely the weakness of the greenback, with the Dollar Index at its lowest for 3 months, and inflation fears. Moreover, risk-on has slowed down, with a…

May 18, 2021 BY Steffy Bogdanova

Daily market commentary: US Dollar index dropped to the lowest point since February

OIL Inflations fears triggered a fall in stocks for less than 48 hours. After this, the dominant scenario went back to the “normality” of the last few months of a risk-on approach to the markets. Combined with a weak dollar, this has been the perfect scenario for further recovery of oil, lifted further by positive…

May 17, 2021 BY Steffy Bogdanova

Daily market commentary: The concern over rising prices that sparked last week’s sell-off on stocks hasn’t vanished

EUROPEAN SHARES Shares fluctuated in Europe at the beginning of the week with no significant price action so far, amid a lingering cautious trading stance from investors. The concern over rising prices that sparked last week’s sell-off on stocks, especially on tech shares, hasn’t vanished despite Fed officials playing down inflation data. Even if there…

May 14, 2021 BY Steffy Bogdanova

Daily market commentary: Gold was moderately hit as inflation fears and rising US yields pulled down bullion

GOLD AND PALLADIUM Gold was moderately hit by the turmoil seen on the markets in the last few days as inflation fears and rising US yields pulled down bullion, along with the dollar’s recovery attempt. The scenario has now changed, with the market back in green and a new rebound of bullion. Technically, the decline found…

May 13, 2021 BY Steffy Bogdanova

Daily market commentary: Shares traded lower from Frankfurt to Milan following US inflation report

EUROPEAN SHARES Shares traded lower from Frankfurt to Milan following Wednesday’s surprising US inflation report that sparked concerns the Fed may take too long to mitigate the pressure brought by rising prices. Traders will now be waiting for speeches from a batch of FOMC members at the end of this week to assess whether the…

Tag: forex

Daily market commentary: European markets opened modestly higher

Daily market commentary: the Dollar Index is ending the week having given up all those gains

Saxo to launch crypto trading against major currencies

Daily market commentary: Gold vs Bitcoin

StoneX Markets rolls out self-service OTC platform

Daily market commentary: The pound is retreating from multi-month highs against the dollar

Daily market commentary: US Dollar index dropped to the lowest point since February

Daily market commentary: The concern over rising prices that sparked last week’s sell-off on stocks hasn’t vanished

Daily market commentary: Gold was moderately hit as inflation fears and rising US yields pulled down bullion

Daily market commentary: Shares traded lower from Frankfurt to Milan following US inflation report

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