Categories
Analysis Market overview

BRENT overview 05.08.2021

Oil rises on Middle East tensions. Oil rising today – against the previous sharp downward price impulse – under the effect of the rising Middle East tensions after Israeli jets struck rocket launch sites in Lebanon early on Thursday in response to two rockets fired towards Israel from Lebanese territory, in an escalation of cross-border […]

Categories
Analysis Market overview

NZDUSD overview 04.08.2021

NZDUSD surges on rate hike expectations. NZDUSD under strong bullish pressure today as the result of the widespread New Zealand dollar bearishness after a drop in unemployment in the country raised expectations rate hikes could begin within weeks. The country’s central bank had said on Tuesday it would soon begin consulting on ways to tighten […]

Categories
Analysis Market overview

BRENT overview 03.08.2021

Oil falls on fears for Delta spread. Oil under strong bearish pressure, continuing the yesterday’s losses – as trader focus has now fully shifted to the rapidly spreading Delta coronavirus variant. Concerns over the spread of Delta variant in the United States and China, the top oil consumers, is currently the primary factor affecting oil […]

Categories
Analysis Market overview

GOLD overview 02.08.2021

Gold falls on improved risk sentiment. Gold continues to fall today as an increase in appetite for riskier assets weighed on the safe-haven gold. The sentiment across the global financial markets remains upbeat today with European stocks scaling fresh peaks, driven by deal making activity and strong results from Europe’s biggest bank HSBC. Global risks […]

Categories
Analysis Market overview

AUDUSD overview 30.07.2021

AUDUSD falls on weaker China. AUDUSD under strong bearish pressure today under the effect of the wide-spread Australian dollar pessimism as its largest trade partner China suffers the investors outflows. China shares eye worst month since May 2019 after Beijing’s announcement of new rules barring for-profit tutoring in core school subjects resulted in a significant […]

Categories
Analysis Market overview

GOLD overview 29.07.2021

Gold rises as rate hike ruled out. Gold under the strong bullish pressure today after U.S. Federal Reserve Chairman Jerome Powell reassured investors that a rate hike is not on the cards anytime soon, sending the dollar to multi-week lows. Powell said the U.S. job market still had “some ground to cover” before it will […]

Categories
Analysis Market overview

USDJPY overview 28.07.2021

USDJPY rises on stronger dollar. USDJPY under the bullish pressure today driven up by the U.S. dollar positive sentiment ahead of the outcome of a U.S. Federal Reserve meeting. The dollar has enjoyed a month-long rally after a hawkish shift from the Fed in June. Markets are waiting to see whether it will provide any […]

Categories
Analysis Market overview

EURUSD overview 27.07.2021

EURUSD rises on dollar outflows. EURUSD under the bullish pressure today driven up by the U.S. dollar outflows after US Durable Goods Orders missed estimates with +0.8% in June. The report showed that orders were up 0.8% in June, much worse than the 2.1% expected. The core reading, Nondefense Capital Goods Orders ex Aircraft, surged […]

Categories
Analysis Market overview

GBPUSD overview 26.07.2021

Sterling rises as infections slow down. GBPUSD under the bullish pressure today on widespread sterling optimism as the markets are focusing now on the fact that data showed new COVID-19 cases in Britain had fallen for five consecutive days for the first time since February. This reinforced the relative advantage of the sterling against the […]

Categories
Analysis Market overview

USDJPY overview 23.07.2021

USDJPY rises on stronger dollar. USDJPY under the bullish pressure today as the U.S. dollar climbed to a three-month peak on Tuesday in a flight-to-safety bid, as investors remained worried about a fast-spreading Delta coronavirus variant that could damage global growth. U.S. infections have risen sharply, especially in areas where vaccinations have lagged. At the […]