Market Overview - Page 130

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.

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.