Market Commentaries

Silver’s market price rose to an eight-year intraday high of just over $30.00 per ounce during Monday’s trading sessions, breaching R3 before slipping under that critical psyche handle, ending the day trading close to R2 and at $28.78, up 6.79%. Analysts and market commentators suggested that the cohort of Reddit activist traders, who allegedly helped […]

Last week’s trading sessions ended with many global equity markets selling off as the risk-on sentiment dominating investor thinking over recent months suddenly evaporated. The SPX 500 closed Friday’s New York session down –2.22% on the day and –3.58% weekly and the NASDAQ 100 –2.36% down during the Friday session and –3.57% weekly. The NASDAQ

The leading US equity markets bounced back on Thursday after experiencing a sell-off during Wednesday’s sessions. Wall Street banks and brokers voiced their relief after online brokers such as Robin Hood, Ameritrade and Interactive Brokers suspended trading in stock such as GameStop, AMC and Blackberry. These equities have been the subject of intense speculation by

The confusion and arguments over vaccinations from AstraZeneca and Pfizer between the UK and EU, negatively affected overall sentiment in all European equity markets. France’s CAC index ended the day down -1.26% while the UK FTSE 100 closed out the day down -1.37%. Germany’s DAX index plunged to a five-week low during Wednesdays’ sessions. The

On Tuesday, European equity markets rebounded after some impressive earnings reports combined with a positive global growth report from the IMF to improve investor sentiment. Germany’s DAX index closed out the day up 1.66% while France’s CAC was up 0.93%. The euro experienced mixed fortunes during the day; EUR/USD traded up 0.19% at 8:30 pm

The German Ifo Business Climate indicator fell to 90.1 in January from the revised 92.2 recorded in December 2020, coming in below the market forecast of 91.8 as German companies voiced less optimism about the current domestic conditions. The reading appeared to impact Germany’s leading index, the DAX 30, which closed the European session out

It’s a busy week for economic calendar events and data releases from the USA. The Fed announces its interest rate decision on Wednesday evening. There is no expectation that the key interest rate will change from 0.25%. At the same time, investors’ attention will turn to the monetary policy announcement made by Jerome Powell (the

As expected, the ECB announced that the key interest rates for the Eurozone region would remain unchanged on Thursday. During the press conference that followed the announcement, the ECB president Christine Lagarde revealed that the current QE/asset-buying programme would not get altered unless economic conditions worsened. The recent commitment by the ECB is 1.85 trillion

Global markets roared back into life during Tuesday’s sessions as US equity markets reopened after the Martin Luther King Day national holiday on Monday. By the time the London-European markets opened, Asian equity markets had experienced mixed fortunes; the leading Chinese index CSI 300 closed -1.47% down the day after China posted better than forecast

During the Asian trading session on Monday morning, China’s latest GDP figures became available for analysis. The economy grew by 6.5% during the final quarter of 2020, beating the consensus forecasts of 6.1%, rising from the 4.9% recorded during Q3 2020. Industrial production grew by an impressive 7.3% year-on-year up to December 2020, the best