Market Overview - Page 76

WTI crude oil is down almost 7%, having fallen for the last seven days. The sell-off intensified as the price touched levels above $84. As has happened several times this year, this reversal could be a precursor to a fall.

The Reserve Bank of New Zealand left its key rate unchanged for the second time at 5.5%. Most analysts predicted this decision, but it created positive momentum in the NZDUSD, which at one point added about 1% to the day’s.

Inflationary pressures in the UK are easing, although they remain the highest among the G7 countries, as sellers are in no hurry to cut prices. UK CPI fell 0.4% in July (-0.5% expected), the first decline since January. The year-over-year.

Another set of statistics from China has added to the wave of disappointment over the momentum of the world’s second-largest economy, prompting a dichotomic response from regulators. Retail sales in July were only 2.5% y/y, down from 3.1% y/y in.

The DXY has gained more than 3.8% over the past month, fully retracing its losses from five trading sessions in early July after the NFP. This retracement carries extra weight; a sharp upward or downward from current levels would be.

Wholesale prices in Germany dropped by 0.2% in July and decreased by 2.8% compared to last year. These figures were lower than economists’ average forecasts, with 0.1% and 2.6% declines, respectively. This indicates a weaker inflationary pressure than expected. The.

The Nasdaq 100 and S&P 500 indices, most closely followed by retail investors and traders, have faced some downward pressure since early August, but the latter still has a chance of maintaining an uptrend. The Nasdaq ended last week with.

US producer prices, both including and excluding food and energy, rose 0.3% m/m in July. This is the first positive surprise for the indicator in six months – before this, prices had regularly missed average forecasts, supporting expectations of a.

According to a data set released on Friday, the UK economy performed better than expected across a wide range of indicators in June. GDP rose by 0.2% in the second quarter and 0.4% in the same quarter a year earlier..

US CPI rose 3.2% y/y, slightly weaker than the 3.3% y/y expected. Core inflation slowed to 4.7% y/y, although analysts, on average, were looking for it to maintain its 4.8% y/y pace. This is negative news for the USD and.

Oil is storming to new multi-month highs, rising for the seventh week. Prices have grown high enough to be of interest to US oil producers and, locally, a threat to markets.  Data released by the Department of Energy on Wednesday.

The US Nasdaq-100 lost 1.75% at one point on Tuesday but managed to trim its losses to 0.9% thanks to buying at the end of the session. The index bounced off its 50-day moving average, which is an essential medium-term.