Market Overview - Page 75

The Swiss National Bank continued to tighten its monetary policy by raising its key interest rate by 50 points to 1.5% today. This decision is broadly in line with the market expectations of economists prior to the Credit Suisse story..

Struck right between a rock and hard place, today the Fed will deliver its difficult policy choice. The FOMC will have to choose between supporting the financial system and fighting inflation. They can do both, but both results will be.

UK consumer prices rose by 1.1% in February. Instead of the expected slowdown in annual inflation from 10.1% to 9.9%, we saw an acceleration to 10.4%. The core CPI returned to 6.2% y/y. This is an essential signal of continuing.

Canadian consumer prices rose 0.4% in February, with annual inflation slowing to 5.2% from 5.9%. Both figures were below expectations of 0.5% and 5.4%, respectively, reflecting a faster return to normality than economists had expected. Consumer inflation excluding fuel and.

By the start of European trading on Monday, WTI had lost over 20% from its high of $80.96 on 7 March to a low of $64.36. The sell-off that intensified last week may well be giving way to a new.

In just ten days, gold has risen by 11% or around $200. At the start of the day on Monday, the price was approaching $2010. Historically, this is thin-air territory for gold. Despite the threat of a short-term pullback to.

Market picture Bitcoin jumped 24% last week to close at $28K. Ethereum added 16.2% to $1800. Other leading altcoins in the top 10 gained between 6.6% (Polkadot) and 19.3% (BNB). The total capitalisation of the crypto market, according to CoinMarketCap,.

US inflation expectations are declining, which could be good news for the stock market, suggesting less pressure on the Fed to raise interest rates. The University of Michigan’s inflation expectations index for the year ahead fell to 3.8%, the lowest.

The US consumer price index rose 0.4% in February, slowing the annual rate to 6.0%, in line with economists’ expectations. The core price index, which excludes food and energy, rose 0.5% for the month (0.4% expected) and slowed slightly to.

Unemployment claims in the UK fell by 11.2k in February, against analysts’ average forecast of a rise of 12.5K. Jobless claims have fallen by nearly 50K over the past three months after a sustained period of stabilisation, a sure sign.

Oil reversed sharply from bullish to bearish on Tuesday, losing around 6.5% and below $75/bbl WTI. The reversal fits neatly into a tapered triangle pattern, with a setback from the upper boundary earlier in the week to the lower boundary..

USDCAD has been rallying this week, gaining 1.7% since Tuesday and testing the five-month high of 1.3850. The pair looks vulnerable to both a short-term correction and the potential for a longer-term reversal. The US Dollar has enjoyed gains after.