Daily market commentary: The US dollar recovered some of the ground recently lost to the euro LeapRate

September 02, 2020 BY Steffy Bogdanova

Daily market commentary: The US dollar recovered some of the ground recently lost to the euro

GOLD The US dollar is recovering and consequently gold is losing ground. Bullion’s decline is proportional to the recovery of the greenback, confirming that the current movement is mostly related to what is happening on the currency markets. In other words, the main trend for gold remains positive and a clear surpass of $1,990 and…

September 02, 2020 BY Steffy Bogdanova

Daily Market News: Zoom stock leaps 41% after earnings while Tesla wobbles

What to watch Crowdstrike: Cyber-security firms have been one of the major beneficiaries of the pandemic as businesses’ security needs have shifted dramatically with most employees working from home. US company Crowdstrike, whose website bears the slogan “we stop breaches”, has ridden that wave to a 188% share price gain in 2020 so far. The…

September 01, 2020 BY Steffy Bogdanova

Daily market commentary: The dollar is in decline versus other major currencies

GOLD The Fed’s decisions and the new inflation target opened space for a new rally for gold. After rebounding on the previous resistance level (and now support zone) at $1,920, bullion skyrocketed again to $1,990 as the greenback continues to weaken. Despite US indices continuing to rally, investors feel the need to increase the proportion of…

September 01, 2020 BY Steffy Bogdanova

Daily Market News: Tesla and Apple soar after stock splits

Double digit gainers in FTSE 100 despite loss for week UK markets were closed for the bank holiday on Monday. The FTSE 100 fell marginally last week, while the FTSE 250 added 1.2%, although there were two FTSE 100 stocks that posted double digit gains for the week. Industrial software firm Aveva added 19.5% driven…

August 31, 2020 BY Steffy Bogdanova

Weekly forex data: the RBA’s meeting and the NFP

Key data this week Bold indicates the most important releases for this symbol. Tuesday 1 September, 13.30 GMT: Canadian Markit manufacturing PMI (August) - consensus 53, previous 52.9 Tuesday 1 September, 13.45 GMT: American Markit manufacturing PMI (final, August) - consensus 53.6, previous 50.9 Tuesday 1 September, 14.00 GMT: ISM manufacturing PMI (August) - consensus…

August 28, 2020 BY Valentina Kirilova

Daily Market News: Japanese equities fall and yen surges on rumours Prime Minister Abe to resign

WPP jumps after reinstating dividend The FTSE 100 fell 0.8% on Thursday, with gains from companies including advertising firm WPP and British Airways parent IAG failing to outweigh losses from firms such as housebuilder Persimmon, chemicals firm Johnson Matthey and miner Anglo American. WPP stock jumped 6.6% as despite delivering a multi-billion pound loss, the…

August 26, 2020 BY Valentina Kirilova

Daily Market News: American Airlines, Bed Bath & Beyond both cutting thousands of jobs

UK tech firm Aveva makes $5bn play for US rival The FTSE 100 fell by 1.1% on Tuesday, although no stock fell by more than 3.4%. Housebuilders, miners and oil giants were all in the red, with Anglo American down 3.3%, Taylor Wimpey down 3.1% and Royal Dutch Shell down 3%. At the top of…

August 24, 2020 BY Valentina Kirilova

What has happened to the Euro in June and where is it going?

If the yield differential declines to 60-basis points you will be paying away less and therefore there is less incentive to hold the US dollar. During June the yield differential between the US 10-year yield and the German 10-year yield declined to 101 basis points from 117 basis points making it less attractive to hold…

August 24, 2020 BY Valentina Kirilova

Weekly forex data: GDP around the world

Key data this week Bold indicates the most important releases for this symbol. Tuesday 25 August, 6.00 GMT: German quarterly GDP growth (final, Q2) - consensus -10.1%, previous -2% Tuesday 25 August, 6.00 GMT: German annual GDP growth (final, Q2) - consensus -11.7%, previous -2.3% Tuesday 25 August, 8.00 GMT: Ifo Business Climate (August) -…

August 18, 2020 BY Valentina Kirilova

Weekly data preview: Focus on British, Canadian and Japanese inflation

From a technical perspective, the uptrend is still active here although momentum has been somewhat lower since last week. The focus of this chart is the 50 SMA from Bands, coming just above the 50% zone from the daily Fibonacci fan. Currently there’s no sign of overbought from either Bands (50, 0, 2) or the…

Tag: forex

Daily market commentary: The US dollar recovered some of the ground recently lost to the euro

Daily Market News: Zoom stock leaps 41% after earnings while Tesla wobbles

Daily market commentary: The dollar is in decline versus other major currencies

Daily Market News: Tesla and Apple soar after stock splits

Weekly forex data: the RBA’s meeting and the NFP

Daily Market News: Japanese equities fall and yen surges on rumours Prime Minister Abe to resign

Daily Market News: American Airlines, Bed Bath & Beyond both cutting thousands of jobs

What has happened to the Euro in June and where is it going?

Weekly forex data: GDP around the world

Weekly data preview: Focus on British, Canadian and Japanese inflation

Nordnet AB Selects Broadridge Shareholder Disclosure Solution

HKEX Announces New and Returning Board Members Appointed by Hong Kong Government

AustralianSuper Fined $27 Million After ASIC Investigation

ATFX Integrates BlackArrow to Enhance Trading Capabilities

Citi, HSBC, Morgan Stanley and RBC Fined by UK Competition and Markets Authority