Market Overview - Page 47

China’s consumer inflation accelerated to 0.5% y/y in July from 0.2% in the previous month. This is well above the expected 0.3% and reduces the risk of deflation taking hold. At the same time, producer prices fell by 0.8% y/y.

Gold has experienced increased volatility over the past seven days, falling 4.4% from Friday’s high to Monday’s low and then rising 2.5% from the low. Much of gold’s recovery on Thursday was in tandem with a massive rally in equities.

The British Pound has been under increased pressure over the past few weeks, facing serious resistance as it tries to break important long-term levels against the Dollar and Euro. GBPUSD exceeded its 200-week moving average at 1.2850 in July, repeating.

The New Zealand dollar is up more than 1% against the US dollar on Wednesday, breaking above 0.6000. A rebound in global markets and better-than-expected local data support the rise. The unemployment rate increased to 4.6% from 4.4% in the.

USDJPY jumped more than 2% after comments from the Bank of Japan’s deputy governor reduced the chances of further policy tightening soon. Uchida said that the central bank will not raise interest rates when markets are unstable. These words brought.

The Reserve Bank of Australia kept its cash rate on hold at a 12-year high of 4.35%, as widely expected by markets. In a statement along with the decision, the RBA noted that inflation is still well above its target.

After starting Monday with a plunge of more than 3%, oil recovered almost all losses by the end of the day. However, as the price approached the $74 level, the balance of power shifted back to the sellers, and by.

There is a classic risk aversion in the markets, reminiscent of what we saw some 16 years ago in 2008. The sell-off in U.S. markets does not look extreme yet, although Japanese markets are recording their worst day since Black.

Market picture The cryptocurrency market was hit by a sell-off over the weekend, the likes of which haven’t been seen in a long time. We would not have been surprised to see such a sell-off before the halving due to.

The US economy added 114K jobs in July, well below expectations. The private sector added 97K jobs, the smallest increase since March last year. The market’s knee-jerk reaction was also exacerbated by a rise in the unemployment rate from 4.1%.

Eurozone GDP grew by 0.3% q/q and 0.6% q/q, showing some acceleration and exceeding average forecasts. This is still a very low pace, but the economy has managed to add in a high interest rate environment, avoiding recession. The situation.

The week ahead will be packed with significant economic events, so the market behaviour could turn into quite a bumpy ride this week. On Wednesday morning, the Bank of Japan will announce its rate decision and the parameters of its.