Market Overview - Page 45

The US dollar’s recovery continues, and other markets are starting to notice. The dollar index is up 1.4% to 101.7, having found support twice in the first half of last week before falling to 101.4. The bounce has seen the.

Often the release of fundamental data such as oil inventories and production or economic activity influences the market, although sometimes the price behaves independently, as was the case last week. The cost of a barrel of WTI fell by 2%.

Gold has hit a glass ceiling at $2525 an ounce on the spot market, which it has been battling against for the past two weeks. A series of smaller and smaller pullbacks and more frequent rallies to the resistance indicate.

Germany data German inflation is slowing more than expected. According to a preliminary estimate from Destatis, the consumer price index fell 0.1% in August, and annual inflation slowed to 1.9%, compared to 2.3% in the previous month and the 2.1%.

Market picture Germany’s DAX40 has returned to all-time highs above 18900. The sell-off in equities in early August lured investors waiting for a pullback to enter the market. From a technical point of view, the August plunge was a corrective.

The whole financial world, including the media, is waiting for Nvidia’s quarterly report. The company, which has a market capitalisation of almost $3 trillion, is expected to double its sales compared with last year. It is difficult to beat such.

The Australian dollar hit its highest level since December 2023 against the US dollar, briefly topping 0.6800 following the release of the monthly inflation report. The Australian Bureau of Statistics reported that consumer price growth slowed to 3.5% y/y in.

Market picture The final reading confirmed a 0.1% contraction in the German economy in the second quarter, with a modest growth of 0.3% y/y and stagnation close to the same level of March 2022, just 0.3% above the 2019 peak.

Market picture Crude oil posted gains at the end of last week thanks to optimism on global platforms. The beginning of the new week was also favourable for the bulls, as the government of east Libya, where almost all the.

Current situation The Dollar Index closed last week at 100.55, its lowest level since July 2023. It has not been consistently below this level since April 2022. Technical analysis Although the change of monetary regime in the US is of.

Germany’s business climate Germany’s business climate deteriorated in August but was better than expected. The Ifo business climate indicator fell from 87.0 to 86.6, the fourth consecutive month of decline, but better than the forecast of 86.0. Both the expectations.

Gold started the week with a decisive renewal of all-time highs, reaching the maximum spot price of $2531 per troy ounce. However, the bulls failed to seize the initiative finally, and on Thursday, gold lost more than 1%, falling back.