Market Overview - Page 127

On Thursday, the Russian ruble lost more than 2% against the dollar and euro, as both sides’ hawkish comments followed the Russia-NATO meeting. In early trading on Friday, the dollar was above 76.6, and the euro was 87.8 on the.

Fundamental and technical factors on the dollar locally give opposite signals. However, after a long period of strengthening the American currency, a corrective DXY pullback looks like a logical short-term prospect. On Wednesday, the US dollar came under pressure, the.

US consumer prices rose 0.5% in December, accelerating to 7.0% y/y. The core index added 0.6% on the month and 5.5% y/y. Prices excluding food and energy added more than 1.7% in the last three months, noting that inflation is.

WTI crude oil surpassed the $80 mark in Tuesday’s trading, near two-month highs and solidly above the 2018-2021 pivot levels near $75. Oil’s fall in November-December by more than a quarter from a peak in late October probably served as.

An active reassessment of the outlook for monetary policy continues in the financial markets, but these changes have so far not moved gold from its position near $1800. The latest gold performance shows that it remains a portfolio diversification instrument,.

The Fed continued to surprise markets at the start of the year with hawkish rhetoric by unexpectedly raising discussions on balance sheet shrinking. Investors are noticing that the issue has been on the table much earlier than it was before..

The main currency market pair, EURUSD, is trading in a sideways pattern of around 100 pips, rarely breaking out of it for long. The observed balance is very fragile. The news backdrop from Europe and the US has been very.

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.