Market Overview - Page 113

The European Central Bank has kept its key rate unchanged and officially announced that it will stop buying as part of its asset purchase programme from July 1. In an accompanying commentary, the ECB explicitly indicated that it intends to.

The British Pound is retreating for a second day, returning below the 1.25 level, failing to build on the positive momentum at the start of the week. The pressure appears to be driven by rising government bond yields in global.

The USDJPY has added for the sixth trading session out of the last seven, this week renewing 20-year highs. The pair reached 134, getting very close to the extremes of January 2001, near 135. We see that this new momentum.

The single currency returned under 1.0700 after three days of decline. Late last month, EURUSD failed to consolidate above the 50-day moving average, confirming the prevalence of the downtrend. The bounce in the pair in the second half of last.

Late last week, the Nasdaq100 failed to break above the 61.8% mark of the decline from March to May amplitude. The sharp deterioration of last Friday, the failed attempt to get back up on Monday and the renewal of the.

The Reserve Bank of Australia delivered a hawkish surprise momentarily undervalued by the markets. The RBA raised the rate to 0.85%, immediately 50 points after a 0.25% hike last month and expectations for a repeat this time. A big hike.

Oil was bought during the downturns on Thursday and Friday, with most buying activity during the US trading session. On Thursday and Friday, buying in US trading took the price out of the initial drawdown, closing the day near intraday.

Gold lost 1% to $1850 on Friday, declining under pressure from the overall pull from risky assets. For short-term traders, it is also telling that this decline mostly erased the gains of the first few days of the month and.

Bitcoin rose 3.1% over the past week, finishing near $30,000. Ethereum added 0.9%, while other leading altcoins in the top 10 showed mixed dynamics, ranging from a 10.7% decline (Solana) to a 23.2% rise (Cardano). The new week is off.

• 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.