Market Overview - Page 127

A new batch of data from China has somewhat dampened fears that the developer debt crisis has a toxic effect on the world’s second-largest economy. In October, industrial production expanded by 3.5% y/y compared with 3.1% a month earlier –.

Later today, the Bank of England will get a chance to clarify its stance, which surprised traders with the pound two weeks ago. An unexpectedly dovish stance on monetary policy sent GBPUSD into the 1.3400 area, near the lows from.

The growth of Latin American currencies marked the beginning of the month. The Brazilian real added 4% to its lows at the start of the month. It pushed the Dollar back to 5.47 against 5.7 on November 2. The Mexican.

Gold made a strong run on Thursday and Friday, adding a 2.8% during these days combined. This jump pushed gold to the important downward trend resistance line, which has been in force since August 2020. It is still premature to.

Oil is gaining for the third trading session in a row, reaching $83.4/bbl for Brent and $81.4 for WTI. After a corrective pullback to 76.4% of the August-October rally, the first significant Fibonacci retracement, the recovery gains strength. Oil buyers.

The single currency managed to pick up demand from buyers on the downside in the 1.1500 area, falling back to the October lows and briefly renewing its lows from July 2020. A temporary recovery in the EURUSD exchange rate was.

Markets continue to see increased demand for risky assets thanks to several fundamentally positive news at once, from solid labour market data and the adoption of a support package to hopes for a covid-19 pill from Pfizer. A rally in.

The Dollar is pushing back against the competition ahead of the release of monthly US labour market data. The Fed has given the go-ahead to roll back QE, but the Dollar’s strength is being driven more by competitor concerns than.

The pressure on the single currency remains high on the foreign exchange market. Much of the credit goes to ECB head Lagarde, who yesterday once again pointed out that it hasn’t met conditions for a key rate hike before the.

The annual growth rate in UK house prices fell to 9.9%, returning to the single-digit territory after five months. At the same time, a 0.7% jump in prices in October signalled increased buyer’s demand. Buyer interest is based both on.

Oil has lost its upside momentum. Despite reports of record gasoline prices in the UK and the US, crude prices are losing around 0.6% on Wednesday morning on speculation that the supply-demand balance point is approaching. The price of Brent.

Gold added 1.5% during October, closing the month at $1783. In the last couple of weeks, it has been frequently above its 200-day moving average. So far, it is hard to talk about a bulls’ victory, but there are increasing.