Market Overview - Page 50

US commercial oil inventories rose by 3.2m barrels last week, against expectations for a decline of 0.7m. At the same time, the Strategic Petroleum Reserve rose by 0.74m barrels, maintaining the pace of recovery since mid-December. Oil production maintained its.

The reversal of the Bank of Japan’s monetary policy tightening at the beginning of March not only failed to reverse, but also added to the Yen’s weakening trend. The systematic pressure on the Japanese currency raises even more questions, given.

Gold breached the $2200 mark for the second time in history on Tuesday before retreating to $2182 in early US trading. Cryptocurrencies are trading in the same direction as gold today, but silver, platinum and copper are failing to make.

Oil closed last week with minimal gains, settling just above $80 per barrel WTI.  It appears that much of the commodity speculation has moved into cocoa, leaving oil at the mercy of longer trends.  WTI has been trading in a.

The US Dow Jones Industrial Average was one step away from the milestone of 40,000 on Thursday, having gained 3% in four days since the start of the week. Friday saw the traditional quiet pullback as traders took short-term profits. .

The Fed’s comments led to a 3% rise in gold, but the dollar’s recovery in the second half of Thursday reduced this gain to just 0.5%. Technically, the outlook is unclear, but fundamentally, things are still on the side of.

The Fed left its key interest rate unchanged, and the forecast for its reduction this year was unchanged, but it supported risk appetite in the global markets. After the announcement, the US dollar accelerated its decline, losing around 1% from.

The FOMC meeting is the main event of the day on Wall Street and can set the market mood for weeks to come, as the Fed often leads global monetary policy cycles.  No actual rate changes are expected today, and.

UK inflation has come in slightly weaker than expected, but this does not significantly bring the rate cut date any nearer. The CPI rose by 0.6% in February after a similar fall in January. Annual inflation slowed to 3.4% from.

The Bank of Japan raised its key interest rate, becoming the last of the world’s central banks to abandon its negative interest rate policy.  The BoJ raised the rate from -0.1% to a range of 0.0% to 0.1%. The central.

Oil hit 4-month highs on Thursday, closing the day above $80 per barrel WTI. The indicative smooth uptrend suggests that the wildest part of the rally is yet to come.  The medium-term uptrend in oil began at the December lows..

Gold lost over 1% on Tuesday, its first daily decline after nine days of gains, six of which were all-time highs. Signs of consolidation were already evident on Monday and Tuesday, which began with a moderate decline, accelerated by the.