Market Overview - Page 61

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..

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.