Tag: markets

daily market analysis
June 14, 2021 BY Steffy Bogdanova

Daily market commentary: Today’s sterling weakness can be attributed to a delay in the lifting of the social distancing measures in the UK

EUROPEAN SHARES  European shares edged significantly higher at the start of a new week, amid strengthened market sentiment following a G7 meeting showing unity among leaders. Even if many issues remain on the international scene (Brexit, climate change, relationship with China etc.), investors were happy to see world leaders willing to work together to solve…

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daily market analysis
June 09, 2021 BY Steffy Bogdanova

Daily market commentary: The stillness of the greenback comes as many are looking towards the US CPI for May

EUROPEAN SHARES  Stocks fluctuated with lower volumes than usual in Europe on Wednesday, following a mixed trading session in Asia where losses in Japan were offset by gains from Chinese shares. While investors search for new bullish catalysts to drive stock prices higher, there are still no significant bearish market drivers to trigger a sell-off…

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daily market analysis
June 08, 2021 BY Steffy Bogdanova

Daily market commentary: Inflation remains in focus this week

EUROPEAN SHARES  Stocks opened modestly higher in Europe on Tuesday, with gains in utilities offset by losses from automakers. No significant price action has been spotted so far and investors face much less volatile and directional markets this week due to the lack of market drivers. Most benchmarks are still flirting with historical highs and…

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June 07, 2021 BY Steffy Bogdanova

Weekly forex data: key inflation and trade releases

Balance of trade from both countries plus of course American core inflation are the key releases to watch this week. The BoC’s meeting on Wednesday afternoon GMT is unlikely to generate a clear movement on this chart but volatility during the subsequent press conference could increase as traders try to read behind the lines of…

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daily market analysis
June 04, 2021 BY Steffy Bogdanova

Daily market commentary: All eyes on the US jobs report

GOLD ADP data strongly surpassed forecast, with almost a million new jobs created last month in the US. Investors are awaiting Friday’s non-farm payroll numbers, but yesterday’s data are showing that US recovery is probably stronger and quicker than expected. What does it mean for the markets? In a few words the US job market…

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daily market analysis
June 03, 2021 BY Steffy Bogdanova

Daily market commentary: Stock indices slid lower, extending overnight losses in Asia

EUROPEAN SHARES  Stock indices slid lower on Thursday, extending losses registered overnight in Asia, amid decreasing appetite for riskier assets ahead of key macro data. Today’s market sentiment is a reaction to the recent hawkish comments from Fed officials about tapering, confirming what many investors have been anticipating for the last couple weeks. However, even…

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daily market analysis
June 02, 2021 BY Steffy Bogdanova

Daily market commentary: Europe still lags behind the US

EUROPEAN SHARES  European shares fluctuated after the opening bell, carrying on the trend from Asian markets, amid uncertain market sentiment. While market volatility is slowly decreasing this week, the price movements seem to be increasingly lacking in direction as many investors remain torn between the global economic recovery and inflation concerns. Most traders are now…

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June 01, 2021 BY Steffy Bogdanova

Weekly forex data: markets look ahead to the NFP

The golden cross of the 50 SMA over the 100 a fortnight ago came ahead of more gains, although price has now moved clearly into overbought based on the slow stochastic (15, 5, 5). The weekly Fibonacci fan has probably lost relevance now that the medium-term trend is clearly upward, but 61.8% might still limit…

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