Market Overview - Page 50

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.

US consumer inflation beat expectations for the fourth month in a row. The CPI rose 0.4% m/m. The monthly growth rate has been rising since October. The year-over-year rate climbed to 3.2%, a bit above forecasted 3.1%.  Core CPI rose.

USDJPY is bouncing back after five trading sessions where it fell by a cumulative 2.5%. On daily timeframes, the pair’s subsequent move after the pause allows us to determine further medium-term trends. The weakening of the dollar accompanied the pair’s.

The British Pound is losing ground against the US Dollar for the second day in a row as pressure mounts on fresh UK employment data. Data for February showed a rise in Claimant Count by 16.8K – the biggest since.

Friday’s employment report caused a mixed reaction in the markets, with an initial surge of optimism followed by a deterioration in sentiment as we delved into the details of the release.  The headline number in the report beat forecasts, something.

The Canadian dollar gained 0.5% following comments from the Bank of Canada on Wednesday night. The central bank kept its benchmark interest rate at 5% at its regular meeting and continued its quantitative tightening policy. The Bank of Canada remains.

The Dollar Index lost a third of a per cent on Wednesday and is once again attempting to break below its 200-day moving average (MA). Perhaps the formula “if it doesn’t rise, it falls” can be applied to the dollar..

Price falls in Europe are faster than expected, bringing the date of ECB monetary easing closer. It is looking more and more realistic that Europe will move to easing sooner than America.  Eurozone producer prices fell by 0.9% in January,.