Market Overview - Page 68

Oil’s bounce at the start of the week’s trading was an essential step in correcting the short-term oversold condition, but it may only fuel the interest of new sellers. The oil price is down 12.8% in the six trading sessions.

German industrial production contracted for the fourth consecutive month in August, missing expectations. Last month’s loss was 0.2%, bringing the year-on-year decline to 2.0%. Germany’s industrial production index started on a downward path at the beginning of 2018, which is.

Gold climbed close to $1855 per troy ounce in early trading on Monday and stabilised in a relatively narrow range of $1845-1853 during the European session. The rise from Friday’s lows of $1810 resulted from a combination of three factors..

Oil prices fell for the fourth session after hitting 13-month highs. The spot price of a barrel of WTI approached $94 in what looked like a desperate last-ditch attempt by the bulls to assert their superiority. However, this appeared to.

Gold lost almost 4% last week, the biggest drop in over two years. The price of a troy ounce fell below $1835, its lowest level since March. Gold’s sell-off last week looked like a capitulation of the bulls, with a.

Recent reports from Europe and the US have highlighted a slowdown in inflation. The slowdown in price growth triggered a wave of purchases of risk assets in the hope that central banks would not have to keep rates at restrictive.

German consumer inflation slowed more than expected in September, according to Destatis’ preliminary estimate. The price growth rate slowed to 4.5% y/y from 6.1% y/y vs. 4.6% y/y expected. However, the monthly rate growth remains elevated, with the last four.

The price of a troy ounce of gold fell 1.4% on Wednesday to $1875, its most significant drop since early June, building this week’s loss to 2.7%. Gold has not been so cheap in Dollars since the first half of.

The ECB started raising interest rates in September last year, which was immediately reflected in the dynamics of money supply and lending. This process has continued to this day. Credit growth in the eurozone has slowed to 1.0% y/y –.

Global markets are in sell-off mode, but oil has quickly recovered and is rising for the second day after a shallow correction. The dollar index added for the 11th week in a row – one of the most persistent rallies.

The Dow Jones Index is testing the long-term trend’s strength in the form of the 200-day moving average. The touching of this curve at the end of May and a brief dip below in March was characterised by increased buying..

The British Pound lost ground against the Dollar for the fifth consecutive session, falling below the 1.2200 level. GBPUSD is down 4% since the beginning of the month, when pressure on the Pound intensified, and 7.3% from July’s peak. Fundamentally,.