Market Overview - Page 64

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.

The US Dow Jones Industrial Average was one step away from the milestone of 40,000 on Thursday, having gained 3% in four days since the start of the week. Friday saw the traditional quiet pullback as traders took short-term profits. .

The Fed’s comments led to a 3% rise in gold, but the dollar’s recovery in the second half of Thursday reduced this gain to just 0.5%. Technically, the outlook is unclear, but fundamentally, things are still on the side of.

The Fed left its key interest rate unchanged, and the forecast for its reduction this year was unchanged, but it supported risk appetite in the global markets. After the announcement, the US dollar accelerated its decline, losing around 1% from.

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.