With the major breaking news of the creation of a European Super League, the share prices of the respective founding members and speculated members are jumping strongly today. Juventus has seen a 13% rise in their share price to a new six month high whilst Borussia Dortmund shares rose 8% even though the club have confirmed they will not take part. Manchester United shares will be worth a careful watch when trading opens in the US this afternoon but could well follow similar share price moves as Juventus enjoyed in early trading.

It’s clear from the share price rise that investors are cheering the news given the huge monetary numbers involved for participants and given the fact the much needed cash boost comes on the back of a rising debt burden for most of the top clubs. Joining the super league could give the clubs some much needed financial security and this is what investors are focusing on. Of course today’s share price rally could be premature with most football governing bodies seeking to block the move to the european super league.

Gold reaches 2 month high as US Dollar pulls back

Gold has been struggling for several months and trading in a range which saw the price test a low of $1678 twice. Yet the precious metal has managed to rebound and the price has been rising since the end of March with the price gaining over 6,6% since it reached the previously mentioned low. A weakening US Dollar - which makes Gold cheaper for non USD holders - along with a drop in US bond yields have supported prices recently but that could be set to change in the coming days. With several central bank decisions due out this week and the FED reassuring investors that a rise in inflation was most likely temporary, the attractiveness of Gold as an inflationary hedge has receded. All eyes remain fixed on central banks this week with various press conferences including that of Bank of England, ECB and Bank of Canada.

X-Trade Brokers Dom Maklerski S.A. does not take responsibility for investment decisions made under the influence of the information published on this website. None of the published information can be treated as a recommendation, disposition, promise, or guarantee that the investor will achieve a profit or will minimize risk using the information published on this website. Transactions including investment instruments, especially derivatives using leverage, are in its nature speculative and can provide both profits and losses that can exceed the initial deposit engaged by the investor.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD jumps towards 1.1950 amid upbeat Eurozone PMIs

EUR/USD rebounds towards 1.1950 after German and Eurozone Preliminary PMIs beat expectations. The US dollar stalls its recovery amid dovish Fed's Powell. US PMIs and Fedspeak remain in focus. 

EUR/USD News

GBP/USD advances towards 1.4000 ahead of UK PMI

GBP/USD bounces back towards 1.4000 ahead of the UK PMIs. The US dollar pauses its rebound and turns south amid a risk-on market mood. Renewed Brexit optimism also underpins the spot. 

GBP/USD News

Gold: Battle lines well-defined below $1800

Gold wavers in a narrow range, digesting dovish Powell’s comments. US dollar reverses early gains, despite worsening market mood.

Gold News

Three reasons why SafeMoon price might rally 60% soon

SafeMoon price has experienced a massive sell-off since June 15 as it deviated below its previous range low established on May 23. However, this deviation is likely to revert to the mean, providing an excellent opportunity for an uptrend.

Read more

Apple breaks out of weekly triangle, targets record high

AAPL shares are continuing to push higher as FAANG names and the Nasdaq lead the equity markets higher. Apple shares have struggled for momentum since releasing results in late April as the Nasdaq, in particular, suffered for most of May. 

Read more

Majors

Cryptocurrencies

Signatures