Daily market commentary: Global shares drifted significantly lower after a new strain of SARS-CoV-2 emerged LeapRate

December 21, 2020 BY Steffy Bogdanova

Daily market commentary: Global shares drifted significantly lower after a new strain of SARS-CoV-2 emerged

GOLD As markets scramble back to risk-off strategies, the gold price continues to rally. Bullion finished last week close to $1,900, pulled up by new stimulus from central banks and expectations for new measures in the upcoming months. News of the latest UK Covid variant has given further fuel to the precious metal recovery. From a…

December 18, 2020 BY Steffy Bogdanova

Daily Market News: Clock ticking on Brexit deal, still no agreement on stimulus package

What to watch Nike: One of the earnings highlights of the week, sports apparel giant Nike will deliver its latest quarterly report on Friday after the market close in the US. The firm has added 39% to its share price in 2020, on the back of a strong online presence and Chinese market demand. Wall…

December 17, 2020 BY Steffy Bogdanova

Daily Market News: Bitcoin skyrockets through all-time highs as it tops $22,000

What to watch Accenture: Technology consulting giant Accenture has gained 17.5% in 2020, taking its market cap past the $150bn mark, despite a muted environment for corporate IT spending, which makes up a substantial portion of the firm’s business. The firm delivers its latest set of quarterly earnings today, months after announcing its “Cloud First”…

December 17, 2020 BY Steffy Bogdanova

Daily market commentary: Gold touches a new 3-week-high

GOLD A weak US dollar combined with a new stimulus and a dovish Fed have created the perfect scenario for a new rebound for bullion. After some initial uncertainty, the positive momentum that has driven gold in the last few days has accelerated with the price jumping above the resistance level of $1,872-$1,875 to touch…

December 16, 2020 BY Steffy Bogdanova

Daily Market News: Markets up as US clears path for Moderna vaccine approval

What to watch Federal Reserve meeting: The Federal Open Market Committee, which sets the central bank’s interest rate policy, is in the middle of its final two-day meeting of the year. A press conference will be held today, where key points to watch will be the Fed’s stance on future asset purchasing programs, and a…

December 16, 2020 BY Steffy Bogdanova

Daily market commentary: The US dollar is losing ground to other major currencies

GOLD Gold is extending its gain but, more crucially, has once again jumped above the resistance zone of $1,850. A weak greenback, with EUR/USD trying to force the 1.22 barrier and the Dollar Index falling to 90, is helping gold in its recovery while the short-term scenario is regaining momentum. The first target for bullion…

December 15, 2020 BY Steffy Bogdanova

Daily Market News: JD Sports buys Shoe Palace in $325 million deal

What to watch Dixons Carphone: While 2020 has been an unusual one for many companies in terms of share price falls, Dixons Carphone has experience of this kind of sell-off. The company lost more than 50% of its value when the March sell-off hit, and remains a long way from its 2020 high. It also…

December 15, 2020 BY Steffy Bogdanova

Daily market commentary: Like a yo-yo, sterling goes up and down

GOLD We have seen an interesting rebound for gold in the last few hours, with the spot price bouncing up by $20 to get close – once again – to the resistance level of $1,850. A clear surpass of this barrier, could open space for further rebounds to $1,872-$1,875, while a next key level is…

December 14, 2020 BY Steffy Bogdanova

Weekly forex data: Fed’s meeting in view

Despite the ongoing formation of a classic head and shoulders pattern which might complete over the next few periods, bulls focussing on the chart will have cheered last week’s golden cross over the 50 and 100 SMAs. A combination of both fundamentals, i.e. mainly sentiment, and TA is likely to be important over the next…

December 14, 2020 BY Steffy Bogdanova

Daily Market News: Brexit deal hangs in the balance, AstraZeneca announces $39bn deal

What to watch There is little in the way of corporate earnings releases or economic data being reported on Monday, but the last full trading week before Christmas is set to be a packed one. In the US, negotiations between Democrat and Republican lawmakers on a stimulus package will be in focus, as will the…

Tag: markets

Daily market commentary: Global shares drifted significantly lower after a new strain of SARS-CoV-2 emerged

Daily Market News: Clock ticking on Brexit deal, still no agreement on stimulus package

Daily Market News: Bitcoin skyrockets through all-time highs as it tops $22,000

Daily market commentary: Gold touches a new 3-week-high

Daily Market News: Markets up as US clears path for Moderna vaccine approval

Daily market commentary: The US dollar is losing ground to other major currencies

Daily Market News: JD Sports buys Shoe Palace in $325 million deal

Daily market commentary: Like a yo-yo, sterling goes up and down

Weekly forex data: Fed’s meeting in view

Daily Market News: Brexit deal hangs in the balance, AstraZeneca announces $39bn deal

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