Market Overview - Page 109

• Citibank reversed from resistance level 54.00• Likely to fall to support level 50.00 Citibank recently reversed down from the key resistance level 54.00 (the former monthly low from March and the monthly high from April). The resistance zone near.

The US economy increased the number of jobs by 390k in May, the fresh NFP showed, better than average expectations (325k) but worse than April’s figures (436k). Total employment is only at 822k highs before the pandemic hit, and the.

With the start of June, the Fed was due to start selling assets off the balance sheet. However, balance sheet values peaked at the beginning of April when they were 50 billion higher than the latest figures. The S&P500 had.

In May, US companies added 128K new jobs, the ADP showed in its monthly report, indicating a fading recovery. Market analysts, on average, expected a more than double increase. A look inside the report is even more alarming. Very small.

Crude oil is down for a third consecutive day, having lost more than 2% earlier on Biden’s comments that the West might agree to buy Russian oil at a discount instead of an embargo. In addition, the US media is.

Gold has shed its position for the second day in a row, losing more than 1% during that time, and that might be just the beginning of a new downside wave, which will potentially take the price down to $1650..

In the US debt market, 10-year Treasury yields have exceeded 2.8% after floundering around 2.7% last week. This small move for bonds is having severe consequences for almost all markets. The dollar index is almost in sync with long-term bond.

Brent spot prices were approaching $120 earlier today on news that the EU managed to agree on an immediate embargo on 2/3 of oil imports from Russia. We saw Oil trading above current levels for just a couple of days.

A preliminary estimate showed that German inflation continues to pick up, reaching 7.9 y/y in May. This is a new inflation record since 1951, and the reading was also above the forecast of 7.6%. A separate release of import prices.

US stock indices developed a strong rebound all last week. The S&P500 spot index reached 4200, gaining more than 10% from the lows of May 20. Such a rapid recovery has raised the question of whether we are seeing a.

The Dollar is continuing its retreat, which started precisely two weeks ago. Over this period, the Dollar Index has retreated 3.5% from the 20-year highs, losing about half of the gains from the last leg of the rally since late.

A revised estimate for the first quarter showed that US GDP contracted at an annual rate of 1.5% (previously reported at -1.4% and expected -1.3%). A major factor in the decline was a jump in net imports, a situation that.