You are here: Home > Forex > ETX Capital Daily Market Bite, 22nd July, 2013; European Stocks Trade Flat But Gold Prices Rally
ETX Capital Daily Market Bite, 22nd July, 2013; European Stocks Trade Flat But Gold Prices Rally
July 22, 2013 8:07 amVideo
Latest News
- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 16-18, 2024: buy above $62,500 (4/8 Murray – 21 SMA) April 16, 2024
- Technical Analysis – USDCAD blossoms ahead of central bank speeches April 16, 2024
- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
July 22nd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
A sharp rally in gold prices overnight with the yellow metal hitting a high of $1.319.70, provides European share markets, particularly precious metal stocks, with a degree of support early Monday. Asian shares were mostly mixed with Japanese stocks losing a bit of momentum following a rise in the yen.
Japan’s Nikkei 225 index started Monday’s session sharply higher however as PM Shinzo Abe claimed victory in the upper house elections with relative ease, paving the way for his Abenomics framework to be implemented without the kind of opposition it was previously facing in Japan’s government.
Chinese stocks drifted lower with investors continuing to assess the PBoC’s move last Friday to ditch the lending floor on commercial interest rates, a move seen as a liberalisation of the tightly controlled rates market which could see the government in China implement pro-market measures.
On the euro zone front, some attention will be on Portugal’s political situation after the country’s PM over the weekend said he wanted coalition government to stay on track of its bailout as he was given additional guarantees from two of the government parties.
Looking ahead, there’s little on the economic agenda with only US existing home sales later this afternoon worth nothing. Earnings out of Europe may shake up price-action, particularly the banking sector after UBS pre-announce earnings early, reporting numbers which beat market estimates. UBS shares are currently up 3%.
Deutsche Bank meanwhile may gets some attention on reports the bank plans to downsize its balance sheet by as much as a fifth in order to comply with future regulation. Later in the US, we have numbers from McDonalds, Hasbro and Halliburton.
Visit http://www.etxcapital.co.uk/
Find us on social media to be kept up to date with the latest ETX Capital news:
Facebook: https://www.facebook.com/#!/ETXCapita…
Twitter: https://twitter.com/#!/etxcapital
LinkedIn: http://www.linkedin.com/company/44542…
ETX Capital’s RSS site: http://my.etxcapital.co.uk
Related Posts: