Market Overview - Page 49

While Trump’s rise to power is widely seen as a positive for the dollar, the dollar index hit a one-month low on Monday as it continues to rebound from the Fed’s latest softening tone and inflation slowdown. The impact of.

A soft US CPI report pushed gold above the $2400 mark. The price only climbed above it for a couple of hours in April and barely spent three days above this level in May. In both cases, these climbs shifted.

The US consumer price index fell 0.1% instead of the expected 0.1% increase, slowing annual inflation to 3.0% from 3.3% last month and below the expected 3.1%. The price index excluding food and energy slowed to 3.3%, also weaker than.

Positive news for the Pound, beyond the fact that England will play in the Euro-24 final. The monthly estimate showed that the economy grew by 0.4% in May (twice as much as expected) and that growth in the last three.

China’s consumer inflation slowed from 0.3% y/y to 0.2% instead of the expected acceleration to 0.4%, bringing investors’ attention back to weak demand. Meanwhile, manufacturing price deflation slowed from -1.4% y/y to -0.8% y/y, staying in negative territory for the.

The Reserve Bank of New Zealand kept its benchmark interest rate at 5.5% for the eighth consecutive meeting, which was in line with analyst expectations. However, the central bank’s comments were softer than expected, dragging down NZDUSD by around 1%.

GBPUSD is trading near 1.28, which has acted as an area of resistance in the pair since last December. At the same time, the range of fluctuations of the pound is narrowing, as since October, the downside impulses have become.

Market picture Bargain hunters are showing themselves in full force in crypto. Cryptocurrency market capitalisation rose 3.6% in 24 hours to $2.11 trillion, climbing back to the top of the range of the past five days. It will take the.

Germany recorded a second-record foreign trade surplus of 24.9bn in May, second only to January this year. The figures are noticeably better than the previous 22.2bn and the expected 19.9bn. This is moderately positive news for the euro as it.

Gold has lost 0.9% since the start of Monday, almost back to the point where it was trading before the release of jobs data on Friday. Perhaps the very first market reaction to the data release highlighted the mindset of.

Industry in the Eurozone is under pressure. Germany’s industrial production index plunged 2.5% in May. By the same month a year earlier, the loss was 6.7% – the worst result since August 2020. Excluding the failure at the start of.

The US economy created 206k new jobs in June, slightly better than average expectations. However, May’s gain was downgraded from 272k to 206k, and April’s from 165k to 108k. The combined 123k downgrade of the previous two months’ estimates suggests.