Market Overview - Page 78

After pausing at the last meeting, the Fed will announce its rate decision today with a widely expected 25-point hike to a range of 5.25%-5.50%. This event is 97% priced into interest rate futures, according to the FedWatch tool, and.

The US dollar has risen for the 6th consecutive session, weighing on gold. However, this corrective pullback now highlights gold’s internal strength. Over the last week, gold fell 1.2% to $1953, erasing the rally of the 18th. However, longer declines.

Crude oil rebounded on Monday after four weeks of gains. Today’s rise of 1.2% to $77.7 per barrel of WTI is not remarkable in terms of momentum, but it is noteworthy for its potential impact on the technical picture. At.

The single currency fell against the Dollar on Monday, dropping to 1.1070 following the release of weak economic data. After losing for five consecutive sessions, the EURUSD has given back almost half of its gains from the 6th to the.

The British Pound is losing ground for the 6th consecutive session, falling 2.2% to 1.2850. The downward movement began as a correction after a 9-sessions rally from 30 June but accelerated following the release of weak inflation data earlier in.

US retail sales rose 0.2% in June, weaker than the +0.5% expected. Year-to-date sales are up 1.5% versus 3% inflation over the same period, so it makes sense that consumer activity is slowing. Sales excluding cars also rose by 0.2%.

Gold returned to monthly highs near $1962 on Tuesday morning after consolidating around the 50-day moving average. All eyes are now on gold’s ability to break away from this line, a medium-term trend indicator. The upward move is well within.

Crude oil reversed sharply last Friday after rallying almost 15% from the lows at the end of last month. The short-term decline so far fits into a technical correction after the rally. However, looking at the broader trend, this reversal.

After the impressive rally in equity indices in the first half of the year, it was logical to expect a correction or a summer lull. But we only got a brief pause, and the rally resumed this week with renewed.

The US consumer price index slowed to an annual rate of 3.0% in June from 4.0% the previous month. This was slightly below the expected 3.1%. Core inflation slowed to 4.8% from 5.3%, and 5.0% expected. This is the ninth.

Crude oil has rallied more than 10% from the lows two weeks ago. The price of a barrel of Brent rose above $79.50 on Wednesday, its highest level since early May. But the easy part of the journey for the.

Big-tech stocks like Apple, Amazon, Microsoft, Tesla, Netflix, Nvidia, and others have been under increased pressure since last Friday. This is directly related to Nasdaq’s press release to do a rebalancing of the Nasdaq-100 index to reduce the concentration of.