Market Overview - Page 48

EURUSD is losing 1.9% from Wednesday’s peak to a five-month low at 1.0650. US inflation data and ECB comments highlight the divergence of Fed and ECB monetary policy.  Wednesday’s US inflation report appears to have set the trend for the.

US inflation once again beat expectations, causing markets to further discount the chances of an easing cycle starting in June. The dollar responded with a 1% rise against a basket of major currencies, taking the DXY back to 104.80. The.

Financial markets ended last year with expectations of six Fed rate cuts totalling 1.5 percentage points. Speculation has been circulating in recent days that there may be no cuts at all in this one. In the previous three years, a.

Gold has been hitting all-time highs almost daily for the past two weeks, reaching $2365 in the spot market on Tuesday before the start of US trading. The ability to rise above $2070 per ounce, which gold found in late.

The US economy continues to create jobs above expectations. Employment grew by 303k in March versus 270k previously, and 200K expected. Over ten years, the average monthly gain is 170k, and a gain of 190-200k per month is associated with.

The monthly jobs report has enough potential for the market to set the trend for the coming weeks. However, there is also a risk that the extensive list of indicators, from employment change and unemployment rate to the pace of.

Weak Swiss inflation renewed the downward momentum of the franc, which is losing over 0.5% against the euro, sending EURCHF to highs last seen in May 2023.  The Swiss Consumer Price Index was virtually unchanged for March, with annual inflation.

Overnight, the gold price briefly exceeded $2300, recording another round level, not counting an update of the all-time high. This is an occasion to assess gold’s prospects, which are becoming a little less unambiguous.  Touching the level of $2300 marked.

Ahead of Friday’s employment report, we turn our attention to other labour market releases. ADP’s estimates for March showed private sector employment rising by 184K, the highest since July 2023 and above the expected 150K. In a commentary on the.

The US markets start the new quarter with a decline and are already testing the support of the uptrend.  The S&P500 index is moving in a rather narrow uptrend from the January lows. The index tested the lower boundary of.

The slowdown in German inflation is fuelling hopes that the ECB will ease policy in the coming months. German CPI rose 0.4% m/m, weaker than the 0.5% expected. Annual inflation slowed from 2.5% in February to 2.2% in March, the.

Oil prices have been hitting five-month highs, and every trading session has been rising since 27 March. The price of a barrel of WTI reached $84.6 at the start of the day on Tuesday before retreating slightly by midday in.