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13.08. Fresh tading analysis: European markets and oil prices

13.08.2020

Analysis round-up

Thursday, August 13th, today’s news—European markets opened in negative territory due to economic recovery pessimism, and ahead of the US jobless claims data. Negative OPEC report sent oil prices plunging, the US dollar and stock indices are once again weakening. The price of Brent oil is $45.27, WTI—$42.52. EUR/USD is …

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12.08. Fresh trading analysis: S&P 500 rises, UK enters recession

12.08.2020

Analysis round-up

Wednesday, August 12th, today’s news—S&P 500 is about to hit its all-time high, analysts say it could continue to move higher. Gold plunges as the dollar recovers, the UK's economy shrank by a record 20%, Tesla announced a 5-for-1 split. The price of Brent oil is $44.98, WTI—$44.98. EUR/USD is …

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11.08. Fresh trading analysis: job losses in the UK, global markets

11.08.2020

Analysis round-up

Tuesday, August 11th, today’s news—UK registers the heaviest job losses since 2009 due to the coronavirus. Markets of Asia, Europe and the US rise despite the escalating US–China tensions, oil prices continue to consolidate. The price of Brent oil is $45.43, WTI—$42.49. EUR/USD is at 1.1782, GBP/USD—1.3097, gold is $2,001.70 …

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10.08. Fresh trading analysis: optimism from China and rising oil prices

10.08.2020

Analysis round-up

Monday, August 10th, today’s news—global markets rise amid the positive economic data from China. The US dollar is stronger, oil prices rise following the optimistic demand data from Saudi Arabia. The price of Brent oil is $44.95, WTI—$41.91. EUR/USD is at 1.1771, GBP/USD—1.3074, gold is $2,034.80 per ounce. Read the …

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07.08. Fresh trading analysis: TikTok ban in the US

07.08.2020

Analysis round-up

Friday, August 7th, today’s news—the US President Donald Trump issues ban on TikTik and WeChat in the country, plunging the stock prices of their parent companies and driving up the stock price of their American competitor, Facebook. EU markets are expected to go lower amid the escalating US-China tensions, while …

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06.08. Fresh trading analysis: Germany's production data

06.08.2020

Analysis round-up

Thursday, August 6th, today’s news—Germany's factory orders soared 27.9%, but European markets are still mixed overall. The US dollar continues to weaken, while the pound sterling is supported by the Bank of England's decision to keep rates steady. The price of Brent oil is $44.95, WTI—$41.76. EUR/USD is at 1.1848, …

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05.08. Fresh trading analysis: gold is all-time high

05.08.2020

Analysis round-up

Wednesday, August 5th, today’s news—gold price consolidated above $2,000 amid weak dollar, silver is also rising. Dow Jones futures gained 160 points, the Fed is expected to pursue a policy of higher inflation. The price of Brent oil is $44.77, WTI—$42.02. EUR/USD is at 1.1809, GBP/USD—1.3070, gold is $2,035.35 per …

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04.08. Fresh trading analysis: earnings of EU companies and the US markets

04.08.2020

Analysis round-up

Tuesday, August 4th, today’s news—EU markets are down, British Petroleum cuts dividends for the first time since 2010, stock prices of Diageo and Bayer fall amid weak earnings reports. The US markets continue to rise led by tech corporations, while the dollar weakens, and Treasury yields fall. The price of …

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03.08. Fresh trading analysis: oil prices and Spain's production activity

03.08.2020

Analysis round-up

Monday, August 3rd, today’s news—Spain's production activity rises following a strict, three-month lockdown. Oil prices fall amid the worries of oversupply as OPEC+ plans to wind back the output cuts. The price of Brent oil is $43.08, WTI—$39.75. EUR/USD is at 1.1778, GBP/USD—1.3106, gold is $1,979.55 per ounce. Read the …

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31.07. Fresh trading analysis: US employment data, reports of tech giants

31.07.2020

Analysis round-up

Friday, July 31st, today’s news—US GDP in the second quarter drops by the record 32.9% on an annualized basis, dollar slumps, big tech futures rise. Europe is mixed: the euro had its best month in a decade, ECB plans to extend support until summer 2021, while biggest EU economies shrink …

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