From a technical perspective, oil’s uptrend since last summer is clearly still active for now. Brent has failed to break below the 50 SMA from Bands, and there is currently no indication of overbought from either Bollinger Bands (50, 0, 2) or the slow stochastic (15, 5, 5). The key area on this chart for…
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OIL The blockage of the Suez seems to be solved in the short term, which is positive news for the majority of financial assets, but not for oil. As a result, the barrel has started the new week in red as investors are less worried about supply. Focus now switches to the OPEC meeting, which…
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EUROPEAN SHARES Stocks managed to edge slightly higher in Europe on Thursday, despite a bearish opening amid lingering macro uncertainty. Inflation worries, virus spikes and political tensions continue to pressure market sentiment this week while bullish investors increasingly struggle to find positive catalysts. Most stock traders are now trying to identify shares and sectors with…
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EUROPEAN SHARES European markets extended yesterday’s losses by opening lower on Wednesday, amid a lingering risk-off mood. Jerome Powell attempts to play down the threat of unwanted inflation wasn’t enough to sustain investors’ appetite for riskier assets while renewed lockdowns in Europe amid spiking infections continue to pressure stocks. However, even if cyclical and energy…
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From a technical point of view, gold’s downtrend is still active, with the 100 SMA having moved further below the 200 and a new low having been reached on 8 March. Now that there is no longer an oversold signal from either Bollinger Bands (50, 0, 2) or the slow stochastic (15, 5, 5) -…
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EUROPEAN SHARES European shares opened lower on Tuesday, extending the bearish trend seen in Asia amid progress slowing in the fight against the pandemic. Today’s risk-off trading stance came after investors digested the prospect of an extended lockdown in Germany due to increasing virus cases in the region, which could significantly jeopardize the nascent economic…
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GOLD Although gold initially reacted positively to the FOMC’s decisions by spiking up to $1,750, those gains have been washed away by a fresh wave of dollar strength. While gold’s failure to hold onto the psychologically important level of $1,750 may raise alarm, the medium term outlook still looks supportive with a dovish Fed stating…
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GOLD Gold remains in “wait and see” mode ahead of the Fed’s latest economic projections. Bullion is still toying with the key level of $1,730 with low volatility, while investors are clearly waiting for the outcome of the Federal Open Market Committee. The central topic is not about short-term decisions but the medium- and long-term forecasts.…
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EUROPEAN SHARES Stocks opened higher from London to Zurich on Tuesday following gains during the Asian session while US futures also climbed. This resurgence in risk appetite impacted on all sectors, with travel and leisure shares at the top of the board, as investors continue to anticipate a “back-to-normal life” situation. However, it is important…
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EUROPEAN SHARES European benchmarks opened flat on Monday ahead of another busy week and after a difficult trading session in Asia. Reflation worries have resurged with traders already pricing the effect of rising prices from central banks’ monetary policies. It is interesting to note how last week’s bullish leverages (stimulus, vaccination rollout) have become today’s…
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