Market Overview - Page 35

Weak US retail sales are adding to concerns of a potential recession, putting pressure on equity markets and the dollar. However, the broader picture shows a modest increase in activity.

The Dow Jones rebound depends on the Federal Reserve's monetary policy and incoming data. It is at a critical point where a rebound or further decline is possible.

The dollar experienced a sell-off but rallied back up by the end of the week. The US stock market is under pressure, and the gold price is rising. The crypto market is attempting to stabilize. Key Central Bank decisions are expected next week.

The new week will be packed with economic data and decisions from key central banks. On Monday, US retail sales for February are expected to show a rebound after a disappointing January. Early on Wednesday, the Bank of Japan’s key.

Despite economic factors working against the dollar, its oversold condition helped it this week or may develop new momentum.

The gold price has resumed updating its all-time highs on the back of speculations around lower rates.

The US indices are under pressure and in a bearish market regime, with the S&P500 and Nasdaq100 closing below their 200-day MA. The sentiment index is at extreme fear levels, but it is uncertain when the bottom will be reached.

The US CPI slowdown provides a good reason to cut rates, reinforcing the doves' position at the central bank, and potentially bringing a key rate cut closer. The market's focus is on the upcoming Fed meeting on 19 March for signals of the next rate cut.

The US labour market is showing stagnation despite an increase in job numbers, as hours worked per week and small business optimism decline. Uncertainty is impacting equity markets and the weakening dollar.

Gold may fly to the new heights but there are risks following the stock indices.

S&P500 and Nasdaq100, dipped but found support at their 200-day MA, indicating a possible shift in stock market trends.

The US dollar has been actively declining since early February and intensified the decline at the start of this month.