Market Overview - Page 106

As we previously warned, major central banks worldwide that hold massive amounts of dollar securities are stepping up interventions to support their national currencies. On Wednesday, China, Japan, and Switzerland resorted to such measures. The UK and India used earlier.

There was an important signal today that monetary authorities in North America are ready to ease the pace of policy tightening faster than the market expects. The Bank of Canada raised the rate by 50 points to 3.75%, although analysts,.

The US housing sector has entered a cooling down phase, giving rise to sometimes very alarmist comments that this is the beginning of a significant collapse, comparable to the failure during the global financial crisis. But we don’t tend to.

The technology companies that have acted as growth drivers for stock markets in recent years are increasingly losing their leading positions. Although it would be too naive to talk about the “beginning of the end” for the IT giants, the.

EURUSD continues to draw an almost perfect downward trend. Since the end of February, the 50-day moving average has repeatedly acted as resistance. This week we see another test of this line, which has fallen to the area of 0.9900..

The Ifo Business Climate Index from Germany was above expectations in October – slightly down from 84.4 a month earlier to 84.3. The index components’ current situation and business expectations also marginally changed. But the overall level shows that the.

The S&P500 index closed last week with a powerful rally, rebounding from its 200-week moving average. By the start of trading in New York, index futures managed to overcome the initial weakness caused by the fall in Chinese equities. We.

After a delay related to the Communist Party congress, China published a batch of monthly and quarterly statistics, which caused mainly disappointing reactions from analysts. GDP added 3.9% in the third quarter compared to a year earlier against expectations of.

As if the political storm hitting the UK was not enough, macroeconomic data is also not encouraging markets, adding pressure to the country’s assets. GBPUSD is losing more than 1.4% since the start of the day on Friday, back below.

Oil failed on Thursday in another attempt to return to an upward trend. Overall sales wiped out the surge in the first half of the day at the end of the day. This market dynamic is a clear sign that.

Gold is down more than 1% on Wednesday and 5.5% in the last two weeks, failing to find any firm buying support after taking off at the end of September. Declining almost daily over the previous two weeks, it wiped.

The portion of the UK inflation data showed that the problem is in no hurry to recede. The consumer price index returned to 10.1% y/y, changing hopes that the trend had already reversed. The retail price index is climbing further.