Market Overview - Page 19

Oil opened this week down 4% after OPEC+ said it would increase production by 411K bpd in June, lifting previous voluntary cuts faster than forecasted.

In the upcoming week, focus will shift back to monetary policy, with key interest rate decisions expected from both the Federal Reserve and the Bank of England. On Wednesday, Powell and Сo are expected to keep the key rate unchanged,.

The pressure on gold increased with a strong movement at the end of the week, testing the $3200 mark. Silver faces historical turning points but is showing signs of resilience alongside gold.

The dollar remains calm with signs of recovery, US and European index prices rise, gold under pressure. Look for divergence in RSI for trading signals. US indices up due to strong company reports and overcoming economic concerns.

The US GDP contracted by 0.3% in the first quarter, mainly due to a surge in imports. This decline sparked market sell-offs and raised concerns about the impact of tariffs and trade wars on the economy and labour market.

Consumer confidence in the US is declining, particularly regarding future prospects. The overall consumer confidence index published by the Conference Board fell to 86.0, recording its lowest reading since May 2020. Barring covid shocks, the last time the index was.

The U.S. currency started the week by hitting three-year lows against a basket of key currencies, but soon closed the gap on DXY, rising from 97.7 to 99.7. However, the upward trend has not yet developed. Unresolved trade disputes between.

Gold’s 5% rally in the first 30 hours of the trading week, and touching the important round level of $3500, was followed by a steep fall to $3260 in the next 30 hours. After that, the price stabilised at $3340,.

Financial markets are gradually recovering from recent shocks, indicating that the extreme fear has subsided. Market participants are realizing that uncertainty has peaked.

The crypto market has corrected about 1.3% to $2.9 trillion from Wednesday's peak but has been steadily adding over 8.5% over the past 7 days. The technical target for a potential new BTC rise is at 106,000

Eurozone business activity slows as falling orders and declining confidence impact growth. Manufacturing PMI remains in contraction, with tariff wars threatening further negative impact. Euro correction observed.

The following economic data events are worth paying attention to in the new week. Wednesday will see the release of preliminary PMI estimates for April, which could have a noticeable impact on sentiment on the Euro and European equities. A.