Daily market commentary: The dollar reverts to being the safe haven of choice LeapRate

April 15, 2020 BY Valentina Kirilova

Daily market commentary: The dollar reverts to being the safe haven of choice

EUROPEAN SHARES European markets slid lower on Wednesday, following the trend registered overnight by Asian benchmarks albeit on lower volumes than usual. Today’s uncertain market sentiment comes after investors started to digest the first few earnings reports with the financial sector publishing mixed results on Tuesday. This blurry picture is making it hard for traders…

April 14, 2020 BY Valentina Kirilova

Daily market commentary: Gold is skyrocketing as uncertainty continues to dominate

EUROPEAN SHARES European shares trade higher on Tuesday, following a long weekend for traders and building on the boost to market sentiment carried over from the Asian session. Today’s risk appetite comes amid investors welcoming the reassuring release of China’s trade balance release, which topped estimates, while traders’ appetite was further boosted by strong signs…

April 13, 2020 BY Valentina Kirilova

Daily market commentary: Investors not satisfied by the compromise reached between OPEC and other major oil producers

OIL Despite the world’s oil producers agreeing to a massive cut of 9.7 million barrels per day, the oil price was unable to hold onto its initial gains as investors are still expecting there to be a global oversupply for the next few months. After a positive gap when markets opened, WTI has fallen again…

April 10, 2020 BY Valentina Kirilova

Daily market commentary: It has been a good week for the Australian dollar

GOLD Gold is shining with the spot price closing in on its 7-year-high at $1,700. Bullion rallied after the announcement of the Federal Reserve’s new coronavirus stimulus. Another $2.3 trillion of lending will be in the system to soften the impact of the pandemic emergency. As mentioned in previous comments, markets are understanding and pricing…

April 08, 2020 BY Steffy Bogdanova

Daily market commentary: The US dollar is gaining ground against other major currencies

GOLD In the last few days we have seen an acceleration of the gold price as it seems that investors are starting to realize that central banks will be forced to print a huge amount of money and put in place other ultra-expensive measures to fight the coronavirus-induced crisis. From a technical point of view,…

April 07, 2020 BY Valentina Kirilova

Daily market commentary: The US dollar is losing some of the ground gained over the last few days

EUROPEAN SHARES All European benchmarks are trading significantly higher on Tuesday, extending yesterday’s gains, as market sentiment strengthened towards risk assets such as stocks and corporate bonds. This revived risk appetite, mainly built on hopes of an easing of the COVID-19 spread, is getting stronger and stronger as new reassuring data confirm the progress we…

April 06, 2020 BY Valentina Kirilova

Daily Market News: Johnson hospitalised and US futures inch higher as investors eye pandemic peak

Rough week for small-cap UK stocks Small and mid-sized London-listed stocks faced a far tougher week than their large cap counterparts last week, with the FTSE 250 index sinking 4.5% to the FTSE 100’s 1.2% drop. After UK banks were forced to scrap billions in dividend payments, we’ve seen a corresponding impact on company plans…

April 06, 2020 BY Valentina Kirilova

Daily market commentary: Stocks in Europe are trading significantly higher

OIL Even the best Hollywood movie director would have struggled to imagine the last few days for oil. The dramatic scenario seen last week, with WTI falling below $20 has been followed by a spectacular rebound of 50% in just two trading sessions. This happened when markets realized that the lower price, in conjunction with coronavirus, was…

March 25, 2020 BY Valentina Kirilova

Daily market commentary: The pound is on the front foot against both the dollar and the euro

OIL Risk-on remains predominant on markets. This is moderately helping the oil price in its attempt at a difficult recovery, as investors are still worried about the huge oversupply that is likely to remain the main topic for the next few months. The WTI price jumped up to $25 in the first part of the…

March 25, 2020 BY Valentina Kirilova

Daily Market News: FTSE surges again after US strikes $2tn stimulus deal

Hardest hit industries lead historic rally It was the sectors that have suffered the most in recent weeks that led Tuesday’s mammoth rally, with the S&P 500’s energy names rallying 16.3%, financials 12.8% and industrials 12.8%. Within the industrial sector, airlines had the best day with a 19% gain; Delta Air Lines climbed 21% despite…

Tag: forex

Daily market commentary: The dollar reverts to being the safe haven of choice

Daily market commentary: Gold is skyrocketing as uncertainty continues to dominate

Daily market commentary: Investors not satisfied by the compromise reached between OPEC and other major oil producers

Daily market commentary: It has been a good week for the Australian dollar

Daily market commentary: The US dollar is gaining ground against other major currencies

Daily market commentary: The US dollar is losing some of the ground gained over the last few days

Daily Market News: Johnson hospitalised and US futures inch higher as investors eye pandemic peak

Daily market commentary: Stocks in Europe are trading significantly higher

Daily market commentary: The pound is on the front foot against both the dollar and the euro

Daily Market News: FTSE surges again after US strikes $2tn stimulus deal

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