Market Overview - Page 56

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.

During a relatively quiet Monday trading session, the main trend was set by China’s manufacturing PMI data. The index came in at 51.1 for March, just above the expected 51.0 and the previous 50.9. On a positive note, this is.

The British Pound has spent the past week in a tight 500 pip range but has mostly traded around the 1.2620 level. Attempts by the bears to send the GBPUSD into a downtrend like the EURUSD have so far failed,.

Friday’s market focus was on US household income and spending data and the Personal Consumption Expenditures Index (PCE), the Fed’s preferred measure of inflation. Core PCE Price Index rose 0.3% m/m and 2.8% y/y, which is in line with average expectations and.

The US equity market continued its upward trend, with the S&P500 rising 10.8% in the first quarter, exceeding the historical average gain for a full calendar year. We are even more impressed by the low volatility of the index since.

The EURUSD accelerated its decline on Thursday, losing for the third consecutive session and falling to a five-week low below 1.0790. The pair’s downtrend has been in place since the 8th of March when the latest employment report was released..