Market Overview - Page 122

There has been a lot of talk lately about the decline of the US dollar’s reserve status. However, investors and traders should separate long-term trends from short-term market impulses. Reserve fund managers often prefer to refrain from active selling so.

The S&P500 is consolidating above important technical and psychological levels, which could herald further gains in stock markets. The peak of fear in the markets due to the military action in Ukraine came on March 7-8. After that date, we.

According to fresh Ifo estimates, business sentiment in Germany fell in March to its lowest level since January 2021. The business climate index fell from 98.5 to 90.8 following a collapse in business expectations amid war in Ukraine and the.

Oil and gas remain hot topics in the markets. Although these energy prices have corrected from their recent highs, the uptrend promised to be with us if there are no signs of de-escalation in Ukraine. Moreover, high energy prices are.

The number of initial jobless claims in the US collapsed to 187K last week, the lowest since 1969. Before the pandemic, the number was hovering around 220K, and we saw a complete recovery to these levels in the previous four.

The collapse of the Japanese yen continues, and so far, there are no signs of a trend reversal. The rise in the Yen is often linked to capital flight from risky assets, and the weakening is a sign of increased.

The Russian rubles adds more than 3% to the dollar, trading around 100 on news that “so-called unfriendly countries” will have to pay for gas in rubles. Impulsively (as the Russian currency market remains extremely illiquid), the USDRUB dropped below.

After the traditional January reset, UK consumer prices continued their flight. Morning data showed that CPI rose by 0.8% last month and 6.2% year-over-year. This data is 0.2 percentage points above market expectations, indicating that prices rise faster than initially.

The Japanese yen has fallen for the third week in a row, and the amplitude of this decline has become rather scary on Tuesday. It seems yen traders’ stop-lines have been blown as the markets have become increasingly aware of.

Since the start of the year, the performance of emerging market currencies mirrors what we saw last year, but with more polarisation. The Brazilian real has been the growth leader against the dollar since the start of the year, gaining.

Having added more than 8.2% to Tuesday’s lows last week through Friday, S&P500 futures have surpassed the 50-day moving average and are testing the 200-day average by the start of US trading. We mentioned last week that the “death cross”.

Gold has remained in a one-and-a-half per cent range since last Thursday. The correction from a peak of $2070 to values below $1900 caused a brief aftershock, but it was not sustained. Gold has now stabilised above the peaks of.