Market Overview - Page 106

WTI closed last week with minor changes, close to $107. The dynamics of the previous two weeks indicate a timid attempt to return to the bullish trend after the correction. However, there are more signs of an end to the.

Bitcoin is down 9.2% over the past week, finishing around $19,400 and trading near 19,000 on Monday morning. Ethereum has lost 13.3% in the last seven days, while other top altcoins in the top 10 have fallen from 8.6% (BNB).

Gold dived below $1800 on Friday morning, testing this year’s low at $1790. It has managed to get support from buyers on a dip below the important round level in the last six months, but this time buyers may come.

The US merchandise deficit narrowed to its lowest since the end of last year at 104.3bn compared to 106.7bn in April and 125.7bn in March. The record deficit in March was triggered by panic buying a wide range of goods.

The rebound in financial markets that we have seen since the beginning of last week seems to have stalled. Various key market indices are showing signs of growth fatigue. The rebound is mainly related to the depth of the previous.

In the financial markets, the demand for risky assets has done its baby steps in recovery. The currency market recently has been moving in small increments, but straightforwardly, selling off the dollar against most developed country rivals. Interestingly, this retreat.

G7 countries are discussing refusing to import gold from Russia – another attempt to limit the country’s export earnings. However, this news is more about headlines than the potential to become an actual market mover. The price of the troy.

Brent crude oil is trading 14% below the highs set on June 9, showing declines almost every day since then. The sharp decline, more than 3.5% on Tuesday, has secured a break of the 50-day average and a break of.

• EURJPY reversed from resistance level 144.00• Likely to fall to support level 140.00 EURJPY currency pair earlier reversed down from the pivotal resistance level 144.00 (top of wave (i) from the start of June), standing close to the upper.

The US Current Account deficit hit a new record of $291.4bn in the first quarter. America is benefiting from higher oil prices, which helped exports rise by $13.9bn to $487.4bn. But the gain in imports was more than five times.

The stock market failed to remain positive for the day, closing Wednesday with a slight decline. Stocks, commodities, and currencies dynamics since the start of the day on Thursday indicate the potential for further downside. Investors are getting more signs.

The Japanese yen leads in losses against the dollar amongst the G10 currencies. And so far, there are indications that the USDJPY’s rising trend will only be interrupted by technical corrections in the coming weeks or months. The main fundamental.