IBEX 35 Forecast: Technical Pattern Suggests Further Bearish Pressure
The Spanish stock market is struggling to see much upside as the economic outlook remains unsure
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The Spanish stock market is struggling to see much upside as the economic outlook remains unsure
XAU/USD: Inflation Expectations Hint at Gold as Best Store of Value Key Talking Points: Elon Musk suggests moving away from US Dollar as a store of value The price of gold has been shining in the last few sessions as the precious metal picks up bullish momentum and rises 3.5% since its lowest level seen last Thursday. US Dollar weakness is a key factor behind the recent strength in dollar-denominated assets, but gold may also be benefiting from a fall in economic expectations after weaker than expected NFP figures last Friday. The technical picture seems to be painting a significant push hig...
FTSE 100 Forecast: Mean-Reverting at Current Range as Fundamentals Play Out Key Talking Points: Increasing inflation expectations and low real yields offer risk-on conditions Covid-19 continues to pose a significant risk FTSE 100 Daily chart On the one hand, a risk-on mentality has returned to markets as inflation expectations rise rapidly whilst real yields remain mostly unchanged, creating the perfect environment for investors to assume that stocks and non-yielding assets will outperform safe-havens as the Fed allows inflation to overshoot 2% in the medium-term. This positive sentiment is...
Equity markets continue to head higher as vaccine hopes keep sentiment supported
FTSE 100 Forecast: Lagging its Peers on Lacklustre Earnings and Silver Correction Key Talking Points: UK coronavirus cases drop significantly, but South African variant poses a threat BP undershoots earnings and silver miners retreats from yesterday’s rally The London blue-chip index is attempting to push higher again this morning after clearing the 61.8% Fibonacci at 6,489, a significant resistance area, holding on to wider bullish sentiment following through from Asia. That said, the index is lagging compared to its European peers, mostly due to disappointing earnings released from BP thi...