Market Overview - Page 48

Boosted interest in the Euro emerged after preliminary PMI estimates showed a surprising acceleration in the services sector, which was able to offset the negativity from industrial weakness significantly. Both France (46.2 to 44.9) and Germany (41.9 to 42.2) saw.

Gold is under pressure this week, having pulled back to the $2300 per troy ounce level. The decline since Friday’s close is over 3.7%. The formal trigger is a more moderate escalation in the Palestinian-Israeli conflict than expected at the.

Oil prices have retreated to their lowest levels since late March, approaching a critical support level.  WTI barrels dipped to $80.60 early on Monday. The price found support at the $80.0-$80.50 zone a month ago before accelerating higher and breaking.

The US dollar is losing 0.2% since the start of the day on Wednesday against a basket of major currencies, signalling traders’ eagerness to lock in some profits after a 2.5% rally over the previous seven days.  Interestingly, dollar fatigue.

Gold has been behaving erratically, having had a positive and negative correlation with global risk appetite in recent days.  On Friday, the price set an all-time high above $2430, losing $100 before the end of that day, nullifying the most.

US retail sales rose 0.7% in March after a 0.9% jump (revised from 0.6%) in February. An increase of 0.4% was expected. Such strong data reverses the pattern of last month when February’s growth did not outweigh January’s dip. By.

Oil is losing more than 1% on Monday, below $84 a barrel for WTI and below $89 for Brent after Friday’s rollercoaster, when prices peaked above $87 and $91.6, respectively. The drivers were geopolitics, where fears of an escalation of.

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.