Market Overview - Page 120

Most stock indices seem to have managed to get that much-needed support from buyers yesterday, which opens the possibility of a Santa rally in the coming days. Earlier this year, some commentators, including us, have repeatedly pointed out that this.

The Turkish lira gained 40% in the past 13 hours, sending USDTRY from 18.3 to 11. Despite the impressive amplitude, the exchange rate is only back to levels of a month ago. There is no doubt that behind such a.

Oil came under pressure at the start of trading on Monday on news of lockdowns in Europe, but also oil broke significant technical levels, which opens the prospect of further price declines. WTI ended last week close to $70, but.

• Coca-Cola under the bullish pressure • Likely to rise to resistance level 60.00 Coca-Cola under the bullish pressure after the price broke above the major resistance level 57.35 (previous multi-month high from July) The breakout of the resistance level.

US retail sales showed unexpectedly weak growth, adding only 0.3% for November against expectations of 0.8% and 1.8% a month earlier. This release triggered a strengthening momentum in the dollar, with the DXY rising 0.2% immediately after the release. EURUSD.

Tonight’s FOMC commentary and Powell’s press conference will kick off a series of outcomes and comments from the world’s biggest central banks. The SNB, Bank of England and ECB will present their decisions on Thursday and the Bank of Japan.

UK consumer inflation accelerated to 5.1% in November, coming close to turning peaks in 2008 and 2014 of 5.2%. Higher levels were last seen in Britain only in the early 1990s. The figures exceeded economists’ average estimates of 4.8%. Overall,.

The start of the Fed’s two-day meeting gave new signs of the strength of inflationary pressures in the market, adding to speculation about a tightening of the monetary policy tone. In November, the PPI index was 9.6% y/y, markedly higher.

Gold has remained aloof from the main market movements since the beginning of the month, hovering in a range of no more than 1.5% over the last two weeks and alternating between rising and falling. The trend so far this.

Brent crude oil has added more than 8.5% over the past week. We have seen an impressive increase in buying on a temporary decline below the 50-week moving average. From the tech analysis side, Crude oil has so far managed.

Financial markets are waiting with increased attention to US inflation data. Analysts, on average, expect year-over-year price growth acceleration from 6.2% to 6.8%. Traders in the markets will be looking for answers to whether the peak of inflationary pressures has.

About 13 months ago, in early November 2020, we saw a shift in the previous months’ investment idea thanks to Biden’s presidential election victory and the emergence of effective and affordable vaccines. Then we saw a investors’ shift from so-called.