Market Overview - Page 61

The Reserve Bank of Australia kept its cash rate unchanged at 4.35% for the third consecutive meeting. The markets widely expected the decision, but the tone of the accompanying commentary was more hawkish than the market had anticipated, adding to.

Friday’s US Non-farm Payrolls figures triggered a rally in the dollar. At the beginning of last week, the market also responded to the FOMC’s comments with dollar buying. In other words, the two main market drivers were working in the.

The US Federal Reserve left its key interest rate unchanged but altered its rhetoric, suggesting that the next step will be an easing of policy. At the same time, Powell went out of his way to tamp down expectations of.

The pause in the currency market is dragging on. Over the past two weeks, the Dollar Index has risen 0.15%, although intraday volatility has been within normal limits. This is by no means a balanced market but rather a manifestation.

It’s not often that Europe produces better-than-expected economic data these days, and today was a rare exception. According to preliminary estimates, eurozone GDP was virtually unchanged in the final quarter of last year, compared with an expected contraction of 0.1%..

Gold rose to $2,040 per troy ounce on Tuesday morning, a two-week high. The positive momentum is being driven by risk appetite on global platforms. One of the reasons for the increase in demand for the metal could be the.

America continues to release strong macro data, with a fresh batch of GDP and New Home Sales figures coming above expectations, supporting dollar-buying interest late in the day. The US economy grew at an annualised rate of 3.3% in the 4th.

The European Central Bank left monetary policy unchanged, keeping the key rate at 4.5% since September. Much of the focus of the Q&A session revolved around the timing of the first decline, with commentators trying to figure out whether June.

The Dollar Index has found a balance around key technical levels in what looks like a consolidation before the start of a new medium-term trend. The DXY has been holding at its 200-day moving average for the past eight days,.

In contrast to mainland Europe, UK PMIs markedly exceeded expectations, noting an overall increase in business activity. The manufacturing PMI rose to 47.3 in January from 46.2, noticeably above the expected 46.7. This is the highest reading of the index.

Preliminary January PMIs for Germany showed a worsening of the situation contrary to the expected improvement. The composite PMI in January was at 47.1 against 47.4 a month earlier, and there are forecasts of an increase to 47.8. The reason.

US indices rewrote all-time closing highs on Monday, with the Dow Jones taking the next round level of 38,000 among them, while a day earlier, the Nasdaq100 climbed above 17,000 in a powerful 2% gain for the day. Japan’s Nikkei225.