Market Overview - Page 110

The British pound returned to the $1.3000 area, a significant circular level from which the British currency bounced in the middle of last month. The bulls continue to hold for the second consecutive trading session. The intraday charts clearly show.

While one hears in the markets several times a year that “the world will never be the same”, it is easy to see market cyclicality, if not in individual stock names, then in sectors. Over the past 14 months, Katie.

The US dollar works its way up against European currencies, including the British Pound. After a corrective bounce from March 15th to the 23rd, GBPUSD has returned to the downside. Most worryingly, this decline is coming very evenly. It is.

Bitcoin rose slightly, by 0.6%, to $43.6K. Ethereum added 1.6%, while other leading altcoins from the top 10 showed mixed dynamics: a 3% decline (Terra) to 6.2% growth (Solana). Total crypto market capitalisation, according to CoinMarketCap, rose 1.2% to $2.02.

Despite our initial scepticism, there seem to be signs that the latest bullish trend in oil is breaking down. The WTI price ended Wednesday below $100 and below the support line of the rising trend through the lows since December..

Stock market indices have reversed downwards as sustained dollar strength with tightening financial and trading conditions worldwide worsens the outlook for companies. From the technical analysis perspective, the Dow Jones and Nasdaq100 fail to consolidate above their 200-day moving averages.

The dollar is rising against most of its major rivals on the latest hawkish comments from the Fed. The futures market lays a 77% chance of a 50-point rate hike at the next meeting in a month from 27% a.

Gold has found a balance, stabilising at around $1930. The pullback in gold from the highs reached on the 8th of March was in unison with the rebound in stock indices, i.e., reflecting capital flow from the safe harbour into.

Nasdaq100 has added over 2% on Monday, in contrast with a more modest gain of 0.8% for the S&P500 and a barely notable 0.3% rise for the Dow Jones. But this is not a signal of general optimism from market.

Financial markets are clinging to positivity on Monday morning after a modest rise on Friday. Robust US labour market data reinforced expectations that the Fed will press the monetary policy brake harder. However, this news is countered by optimism that.

The energy sector has retreated markedly from its highs in the first days of March but remains a hot topic for markets. Europe’s gas market survived several bouts of fear that it would be without Russian gas. However, we only.

In March, the US economy created 431K new jobs, less than the expected 500K. However, a substantial upward revision of the February data (750K instead of the initially reported 678K) shows that the labour market is still recovering ahead of.