Tag: oil

April 07, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar loses some ground to other major currencies but remains close to the highs it gained in the previous session

Gold Gold prices are almost flat during early Thursday trading, remaining within the same narrow range of the last few weeks. The value of the precious metal has been determined by the countering forces of, on one side, the geopolitical risk generated by the war in Ukraine, which enhances gold’s haven appeal, and the increasingly…

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April 06, 2022 BY Steffy Bogdanova

Daily market commentary: European shares followed the global “risk-off” trend with all benchmarks drifting lower from Frankfurt to Lisbon

European shares European shares followed the global “risk-off” trend on Wednesday with all benchmarks drifting lower from Frankfurt to Lisbon, as monetary policies and growth expectations keep on pressuring market sentiment. Today will be a key day for both stock and currency traders with the release of the minutes of the last FOMC meeting. While…

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March 21, 2022 BY Steffy Bogdanova

Daily market commentary: Brent oil prices rise, as the markets weigh the possibility of a Western embargo on Russian oil exports

European Shares European shares opened without clear direction on Monday, extending the mixed sentiment spotted overnight in Asia, as global risk appetite seems to be taking a break following record gains registered on last week. This week is likely to be crucial, as investors discover if last week’s solid rebound was just a volatile move…

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March 18, 2022 BY Steffy Bogdanova

Daily market commentary: Even if the war in Ukraine continues to fuel market volatility, risk appetite seems to keep prevailing in Europe

European Shares Equity benchmarks traded mostly higher in Europe on Friday, despite patchy performances in Asia as investors digested mounting uncertainties around Russia-Ukraine talks. Even if the war in Ukraine continues to fuel market volatility as well as cross-asset rotation trading, risk appetite seems to keep prevailing in Europe as share markets are set to…

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March 15, 2022 BY Steffy Bogdanova

Daily market commentary: WTI crude oil prices continue to recede as hopes that talks between Russia and Ukraine may lead to a de-escalation

European Shares Shares drifted lower in Europe on Tuesday, extending losses registered during the Asian trading session, amid continuing market volatility. The sell-off in Chinese shares due to renewed lockdowns to combat a coronavirus outbreak as well as the prospect of economic sanctions from the West raised by the possibility of a military support to…

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March 10, 2022 BY Steffy Bogdanova

Daily market commentary: The price of WTI crude oil is hedging up following a 12% drop in the price of a barrel during the previous session

Gold Gold prices dropped below $2,000 per ounce during Wednesday’s session and continued the hedge down during early Thursday trading. Risk appetite improved in the financial markets, as oil prices retreated from multi-year highs, following calls for the stepping up of oil production in countries with spare capacity. Despite the continuation of the geopolitical risks…

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March 09, 2022 BY Steffy Bogdanova

Daily market commentary: WTI crude oil prices remain above $120 per barrel, following the ban of Russian oil by the USA and UK

Gold Gold prices remain firmly supported above $2,000 dollars per ounce during early Wednesday trading, Demand for the precious metal increased as the geopolitical risk grew in Eastern Europe, with its price spiking on Tuesday and coming close to the all-time high reached in August 2020. The performance of gold will remain strongly linked to…

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