Market Overview - Page 32

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.

The dollar index is experiencing a decline that resembles patterns seen in the 1980s and 2000s, which may lead to a long-term decline. A more immediate target for the decline is the 90 area.

Markets are on edge: gold is smashing through all-time highs, the dollar is teetering under the weight of trade tensions, and crypto is losing steam just shy of a breakout. In this week’s Pro News Weekly, we break down the.

The rebound in oil prices is not yet a definitive trend break. The market is facing strong resistance levels and bearish factors, such as tariff wars and weakening U.S. production.

Gold has experienced an epic rally, reaching historical highs above $3350 per troy ounce, with the potential for further gains above $3500.

Despite extreme fear in the markets, history shows that buying on downturns can be profitable and provide an upward bias. The S&P500 has held above the 200-week moving average, an important support level, and the RSI index is showing signs of rebounding.

The correlation between the dollar and promised tariffs is evident, as trade barriers lead to a sell-off in the US currency. This decline in the dollar is a clear signal that trade wars are negatively impacting the US' privileged position in the global economy.

US Total retail sales rose 1.4% in March, beating the expected 1.3% after rising 0.2% a month earlier. On an annualised basis, sales rose 4.4%, the fastest pace since December 2023, which contrasted with the slowdown in inflation to 2.4%.

In the week ahead, trade tariffs are set to dominate global attention around the clock, though key scheduled events will still remain important. On Wednesday, the US retail sales data is worth watching. The last three reports have come in.

We break down one of the most dramatic weeks in the markets — including a record-breaking S&P500 surge, the dollar index slipping below a critical 3-year support line, and gold closing the week at all-time highs.

The US dollar is suffering due to weaker than expected inflation data and a surge in Americans' inflation expectations.