Market Overview - Page 58

There are significant moves in the Japanese markets today. The Japanese stock market started the day with a rise of over 1%, taking the Nikkei225 to 33850. It was the second brief climb to this height since June, last seen.

WTI crude oil is under pressure for a third day despite rising global market risk appetite and solid US economic activity data. The night before, the EIA released two weekly reports on commercial inventories and oil production after a pause..

A new batch of statistics from the US once again reminds us of the Goldilocks story, when one can have fun and not pay the price for it. Producer prices fell 0.5%, against expectations for a 0.1% rise. And that’s.

Gold has made a decisive reversal to the upside this week. We are likely to see the start of a new bullish momentum with the potential to renew all-time highs above $2100. Gold rallied by $200 in October and peaked.

💵 The Dollar Index rose 1% and has been performing well against other currencies, but can it make up for the drop earlier this month? 💰 Gold retreated from $2000 in a corrective phase, but will it stay above the.

US indices turned sharply higher at the start of last week and are still on the offensive, with the Nasdaq100 leading the rally. The pace of growth has slowed considerably, but it would be foolhardy to bet on a corrective.

The Australian dollar has lost over 1% since the start of the day on Tuesday as traders appeared unimpressed with the monetary authorities’ actions. The selling momentum hit AUDUSD following the decision to raise the key rate by 25 basis.

Gold came under pressure this week, losing around 1.4% and retreating to $1966. This drops below previous local lows, forming a short-term downtrend and fitting into a pattern of declines following local overbought conditions. Gold has been in strong demand.

Oil is trying to find a bottom. At the same time, political commentary and market sentiment are moving in the same direction, increasing the chances of a rebound. The price of a barrel of WTI has been falling in a.

Finally, US data came out so weak that the market could celebrate. The US labour market added 150k jobs in October after 297k (revised from 336k) and expected 180k. The unemployment rate unexpectedly rose from 3.8% to 3.9% despite the.

ADP estimates of the US labour market two days before the official release painted a relatively bleak picture. The private sector reportedly created 113K new jobs in October after 89K a month earlier. Analysts, on average, had forecast growth of.

The rate decision and the Fed’s comments promise to be the highlight in a week full of releases. The market is in no doubt that the pause in policy tightening is here to stay, with interest rate futures pricing in.