Today we will take a closer look at the gold market. This is because gold has lost a lot of its value in recent weeks. Despite the fact that gold is considered a hedge against inflation, the price per ounce has been under strong pressure since the summer of 2020. After hitting a new all-time…
Today we take a closer look at the recent moves in the EUR/GBP. This market has been in a downtrend since early 2021. While the EUR/GBP was trading at 0.9048 in early January, it is currently trading at 0.8613. This price drop of 3.63% occurred very quickly and without any major counter-reactions. However, the…
In today’s report, we will take a closer look at the GBP/USD currency pair. If you listen to the currency analysts at UOB Group, the Cable has the potential to fall back to the 1.3850 level within the next few weeks. Looking at the chart, one can see the very strong rise since the…
The EUR/USD continued last week’s decline today. It even touched the lows at 1.2030. The 1.2030 area was last touched 14 days ago and was used as support at that time. Currently, the market is in a bearish trend channel. Either this will continue and go below the 1.2030 level or the support can hold…
In today’s analysis, we will take a closer look at the German pharmaceutical company Bayer. After the stock’s low of €39.91 on October 30, 2020, Bayer completed a recovery to €56.84. But now the recent upward trend has been broken, as Bayer failed to convince with its 2020 figures. Furthermore, the outlook for 2021 was…
Last week, RWE shares took a severe beating. Because the bad weather in the US led to a profit warning. Thus, there was a sell-off of 20% in the meantime, starting from the high of 38.65 on January 8, 2021. Today’s closing price was 31.30. The profit warning is of course negative for the energy…
Today we will take a closer look at the roller coaster ride the DAX has been on over the past few days. After a few weak days in the DAX, the German benchmark index was able to recover significantly today. The American Dow Jones stock index was able to break through the 32,000 mark for…
The negative headlines for the battery manufacturer Varta do not stop. After reaching a record high of 181.30 euros at the end of January, the shares of Varta AG have already lost about one third, with a particularly strong downward trend after Varta issued a cautious business outlook last week. This outlook from Varta made…
Today we will take a closer look at recent developments in the EUR/USD. The EUR/USD continued its rise from the previous trading session this Monday. Today, the market rose 0.32% to mark a high of 1.2169. Currently, the price is just below that at 1.2159. Last Tuesday, the market had failed in this very area…
The AUD/USD was able to make a solid move higher today, hitting a high of 0.7789. However, the resistance at 0.7801 has not yet been conquered today. The AUD/USD has failed at this level three times this year. Australian labor market data released overnight was mixed. For example, the number of employed people in Australia…
