Market Overview - Page 78

US existing home sales fell by 0.7% to 4.0 million in January. Although this is a nominal decline, it was the 12th consecutive month of falling sales. Sales fell below the pandemic low and were the lowest since October 2010,.

Preliminary UK business activity figures for February surprised on the upside, sending the Pound into a mini rally of 1% within half an hour of publication and supporting prices later in the day. The Manufacturing Business Activity Index climbed from.

Gold has lost more than 6.5% from its early February highs, correcting the November-January rally. Now it’s time to decide on the next trend. The coming days should show whether we will see a new wave of growth in gold.

For the third month, oil has barely moved out of its wide range of $73-82 for WTI barrel and $78-88 for Brent. This is not a balance and equilibrium of supply and demand forces but a tug of war. This.

After consumer prices, US producer prices delivered another hawkish surprise. PPI rose by 0.7% in January, impressively stronger than the expected +0.4%. The annual price growth rate slowed from 6.5% to 6.0%, against expectations of 5.4%. It is worth disregarding.

The UK’s rate of consumer price inflation remains one of the fastest in the developed world, although January’s figures were softer than expected. CPI fell by 0.6% last month, against expectations of a 0.4% drop. Annual inflation slowed from 10.5%.

Gold is declining for the fourth consecutive session, flirting with the $1900 level and $49 below last Thursday’s peak. Gold’s 2.5% retreat is much more pronounced than the dollar index’s 1% growth over the same period. The current reversal to.

This week has all the makings of being vital for the coming weeks and months, with the most important publications for the market in focus. The week’s main event will undoubtedly be the Fed’s interest rate decision. More specifically, the.

Australian inflation remains an important topic for the forex market as it tries to determine the central bank’s next steps in monetary policy. In contrast to the consumer inflation figures released earlier in the week, producer prices were surprised with.

A bullish picture is forming on the Nasdaq100, suggesting that we see the beginning of a bull market and not just a rally in a bear market. If the index can close above 12000 by the end of next week,.

The preliminary estimate for the fourth quarter showed annualised growth of 2.9% (quarter-on-quarter growth multiplied by 4). This is a slowdown from the previous period (3.2%) but better than expected (2.6%).  Compared to the same quarter a year ago, the.

The British Pound is testing the $1.2400 level this week, above which it failed to consolidate in the middle of last month. The GBPUSD has yet to trade consistently higher since last June. Looking at the entire rally from September’s.