Market Overview - Page 65

The US new home sales report came out weak on several key aspects. Sales fell 5.6% m/m to 679K vs 719K a month earlier (revised from 759K). The median price of a home sold in October was 409.3K, down 3%.

Gold touched six-month highs, moving into territory above $2010 at the start of the new week. Over the past three years, the price has climbed above $2000 several times but failed to hold there for a long. Technically, gold started the week.

German Ifo Business Climate Index rose for the third consecutive month. Still, this recovery is weaker than expected, putting the Euro in a more vulnerable position against the Pound and Canadian Dollar, where the latest data exceeded expectations. Germany’s business.

The last two weeks have been hectic for oil traders, who have had a rich extract of news and data from many directions, fuelling volatility but leaving the price at the same level as a fortnight ago. The fresh weekly.

US Existing Home Sales have continued to fall under the pressure of high interest rates despite prices retreating from their highs. It is well known that the housing market is a leading indicator of the economic cycle. This was the.

Overall inflation slowed from 3.8% to 3.1% y/y in October versus an expected 3.2%. On the other hand, core inflation came in above expectations, ticking up 0.3% y/y in October, albeit lowering the annual rate of increase from 2.8% to.

Palladium is showing signs of recovery after a recent sell-off, which could be a reversal of the metal’s long-term trend. Palladium has lost almost half its value since the start of the year to lows of $936 on the 10th.

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.