Market Overview - Page 72

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.

US indices turned sharply higher at the start of last week and are still on the offensive, with the Nasdaq100 leading the rally. The pace of growth has slowed considerably, but it would be foolhardy to bet on a corrective.

The Australian dollar has lost over 1% since the start of the day on Tuesday as traders appeared unimpressed with the monetary authorities’ actions. The selling momentum hit AUDUSD following the decision to raise the key rate by 25 basis.

Gold came under pressure this week, losing around 1.4% and retreating to $1966. This drops below previous local lows, forming a short-term downtrend and fitting into a pattern of declines following local overbought conditions. Gold has been in strong demand.