Emanuele Rigo – Opera Capital Management Ltd.

10 Maggio 2022

#forexbreakfast Forex 10/05/2022

Last week, the dollar gained ground against nearly all major currencies. The Euro, like the dollar, has benefited from the rise in interest rates. EURUSD Last week, after briefly rising above 1.06, the EURUSD exchange rate fell back to around 1.05, ending the week little changed. On...

10 Maggio 2022

#forexbreakfast Commodities 10/05/2022

INTRODUCTION The general Bloomberg Commodity Index (0.7%) had another positive week last week, but the gain was entirely due to the energy sector, as the others all closed in the negative. The energy sector (+6.5%) has reached a new high in nearly seven years. The worst performing...

2 Maggio 2022

#forexbreakfast Forex 02/05/2022

EURUSD The EURUSD exchange rate fell further, falling below 1.05 and then settling around that level. The Fed meeting on Wednesday will be crucial, given high expectations for rate hikes. On the technical front, the currency is consolidating just above the 1.05 support level and has...

2 Maggio 2022

#forexbreakfast Commodities 02/05/2022

Last week the Bloomberg Commodity Index (0.4%) has recovered. The best sector was energy (5%), while the worst was industrial metals (-5.3%). The latter was due to concerns about global demand in light of the US GDP contracting unexpectedly in the first quarter (-1.4%). As regards...

28 Marzo 2022

#forexbreakfast Forex – 28/03/2022

EURUSD The EURUSD fell slightly this week as expectations for Fed rate hikes rose. On the upside, the resistance band to be monitored is 1.1117/1.1155, beyond which we meet the static resistance at 1.1241. On the downside, to be monitored is area 1.08, and below this...

28 Marzo 2022

#forexbreakfast Commodities – 28/03/2022

BRENT Brent crude prices skyrocketed after Yemeni rebels attacked Saudi oil refineries, raising supply concerns. The OPEC+ meeting this week will be crucial, given calls from some OPEC members to accelerate production (currently 400,000 b/d per month) to compensate for lower Russian output. From a technical...

15 Marzo 2022

#forexbreakfast – Commodities 14/03/2022

INTRODUCTION In a context of extreme volatility, the Bloomberg Commodity Index (-0.5 percent) ended its positive streak of consecutive weekly gains last week. The most striking example was nickel (+63%), which experienced an all-time high of more than 100,000$/t, forcing the LME to suspend Tuesday exchanges...

15 Marzo 2022

#forexbreakfast – Forex 14/03/2022

EURUSD The EURUSD had a volatile week, with the exchange rate rising to 1.11 in the aftermath of the first signs of possible rapprochement between Russia and Ukraine, only to fall again. The ECB's hawkish turn provided little support for the currency. The year's lows in...

1 Marzo 2022

#forexbreakfast Commodities – 01/03/2022

The general Bloomberg Commodity Index (0.7 percent) rose for the tenth week in a row, with commodity prices more sensitive to the Russian-Ukrainian theme remaining at high levels. The ruble was unquestionably the central figure of the week. Due to the escalation of the conflict, the...

1 Marzo 2022

#forexbreakfast Forex – 01/03/2022

EURUSD The EuroDollar exchange rate experienced high volatility this week as a result of the evolution of the situation in Ukraine, which prompted strong purchases of the dollar as a safe haven. From a technical standpoint, the persistence of the support level at 1.1117 confirms the...