Daily market commentary: The dominating sentiment in the oil market is bearish LeapRate

January 11, 2023 BY Steffy Bogdanova

Daily market commentary: The dominating sentiment in the oil market is bearish

European Shares Stocks edged higher in Europe on Wednesday, extending gains registered by Asian benchmarks overnight, as bullish sentiment stays alive ahead of key macro data. Consumer cyclicals, real estate and energy shares led the way following the opening bell, while industrials and utilities registered slight losses on the old continent, as market sentiment remains…

January 10, 2023 BY Steffy Bogdanova

Daily market commentary: Gold prices are finding support due to the weakening of the US dollar

European Shares European markets opened mostly in the green on Tuesday, despite Asian shares closing mixed overnight, while US benchmarks also point to an uneven open. Risk appetite seems to have a taken a short-term break as many investors seek more clarity about how far central banks will go with their monetary tightening cycle. The…

January 10, 2023 BY Steffy Bogdanova

Weekly data: Oil and Gold price action after positive news for the Dollar

In the previous week after some very positive news for the dollar like a decreased trade deficit on the balance of trade, lowered unemployment rate and better than expected NFP. This created some losses on the oil chart against a stronger dollar and is currently on the move to regain back those losses. On the…

January 06, 2023 BY Steffy Bogdanova

Market Analysis: UnitedHealth Group to continue earnings streak, Taiwan Semiconductor Manufacturing Company within the “dynamic area” on chart

Taiwan Semiconductor Manufacturing Company within the “dynamic area” on chart Taiwan Semiconductor Manufacturing Company Inc (symbol ‘TSM’) stock value has made some losses in the last month of the quarter but it is still on the positive side when it comes to overall quarterly gains. The company is expected to report its earnings for the…

January 05, 2023 BY Steffy Bogdanova

Daily market commentary: The US dollar hedged up, following the release of the latest Fed minutes

European Shares Stocks registered a smooth decline in Europe on Thursday, as benchmarks pulled back towards newly established support levels following a three-day winning streak. Healthcare and consumer cyclicals are among the top losers today, while the real estate sector and energy shares prevented indices from falling much deeper. The STOXX-50 index is trading 0.50%…

January 04, 2023 BY Steffy Bogdanova

Daily market commentary: The euro is on the front foot versus the dollar, as optimism takes over market sentiment

European Shares European shares extended gains registered overnight in Asia on Wednesday, as the New Year’s rally looks set to continue this week. Risk appetite stays on the rise today, despite mixed macro data from the old continent, as investors cheered positive news from China after Beijing is said to be considering extended support measures…

January 03, 2023 BY Steffy Bogdanova

Daily market commentary: A bullish sentiment prevails in Europe for the first trading session of the year

The 3,890 pts / 3,900 pts zone will be closely watched by investors, as a clearing of this area following today’s close could potentially drive markets further up towards 3,950 pts and 4,000 pts by extension. A failure to clear this level could dramatically dent market sentiment and send prices back to 3,800 pts and…

European stock market experiences positive change

December 23, 2022 BY Steffy Bogdanova

Daily market commentary: Equities drift in Europe, while US futures also point to a bearish open

European Shares Equities drifted in Europe on Friday, extending overnight losses in Asia while US futures also point to a bearish open for the last significant trading session of 2022. This morning’s slew of mixed macro data from the old continent, including the French PPI, Spanish GDP and Italian business and consumer confidence, combined with…

December 22, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index approaches a six-month low

European Shares European markets are set for another bullish trading session after gains were registered shortly after the opening bell on Thursday, extending the trend spotted in Asia overnight as well as on US futures. This week’s bullish sentiment lingers after yesterday’s reassuring US consumer confidence data and the recent declaration from Chinese regulators, pledging…

December 21, 2022 BY Steffy Bogdanova

Daily market commentary: The yen remains the centre of attention as markets digest Bank of Japan’s decision

European Shares Benchmarks extended Tuesday’s gains in Europe this morning, alongside US futures, providing investors with a little relief following one of the most bearish week in months for equities. Both French and German indices lead the way on the old continent, driving the STOXX-50 index above the 3,800 pts mark as bull traders managed…

Tag: markets