Market Overview - Page 126

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.

In November, The US economy created 210K jobs, a shockingly low number compared with the expected 550K. And this is the weakest increase since January. This indicator noted a close correlation with the dynamics of new coronavirus cases, which are.

Brazilian market index Bovespa earlier this week came close to the psychologically crucial round level 100,000, having lost around 23% from its peak six months ago. Despite this backdrop, the Brazilian market looks too depressed and is already showing some.

Gold is cruising near the lows of the last four weeks and became heavy with the Omicron news. The series of lower intraday peaks indicates disappointment in the outlook for gold by those players who have been buying it up.

• WTI under strong bearish pressure • Likely to fall to support level 67.35 WTI under the bearish pressure today after the price broke the two key support levels – 74.85 (low of the previous impulse wave 1) and 73.00.

Earlier this week, the US and several major oil importers announced their intention to sell part of their strategic reserves to bring down the price. The total volume of interventions from so-called Anti-OPEC is around 70M barrels, of which 50M.

The gold bulls capitulated on Monday, pushing the price back to the $1800 area. The daily charts clearly show how the momentum of gold’s rise was losing strength in the second half of the month. We saw roughly the exact.

Oil is adding around 1% on Monday after posting the 4th week of back-to-back decline, during which WTI lost almost 12%, and Brent nearly 11%. Nevertheless, the US and oil-consuming countries continue to put verbal pressure on quotations, discussing the.