Market Overview - Page 115

The US consumer price index has updated its record since 1981, accelerating to 8.5% y/y from 7.9% a month earlier and slightly stronger than the 8.4% average analysts forecast. However, yesterday’s White House warning of “extraordinarily elevated” inflation data set.

In Germany, the final consumer price index data confirmed that inflation reached 7.3% y/y in March – the highest since 1981. This is a worrying reading, but it is already priced in as it coincided with the preliminary estimates released.

Expectations for further moves by the Fed have an increasing impact on markets, pushing the dollar up to extreme highs and pressuring stocks. Futures are laying on an 84% chance of a 50-point rate hike in early May and a.

Gold rose for the third trading session in a row, gaining more than 0.8% since the beginning of the day and reaching five-week highs earlier today at $1969. Previously, for almost a month, gold gained strong support on declines below.

Politics is once again temporarily becoming the main driver for the single currency. EURUSD returned to 1.0925 on Monday, gaining 0.8% from Friday’s lows on reports that incumbent Macron is ahead of far-right Le Pen and will potentially get even.

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.