Market Overview - Page 85

WTI Crude Oil is trading below $82 a barrel at the start of the new week and remains below its 200-day moving average. Crude oil was not allowed to break above this critical curve for the banks and big players,.

The Swiss Producer and Import Price Index rose by 0.2% in March, slowing the annual growth rate to 2.1% from 2.7%. Producer price pressures are easing faster than expected (2.7% y/y expected). Easing inflation is a long-awaited signal for the.

The Fed’s balance sheet shrank by 17.6 bn last week to 8,615 bn. Down 119bn over three weeks, the balance sheet is still 275bn higher than at the start of March. Pumping liquidity into the financial system helps to support.

US producer prices are the real inflation surprise. A real shock followed yesterday’s mild disappointment in consumer inflation in producer prices. They fell by 0.5% in March, and the annual growth rate fell from 4.9% to 2.7%. This is the.

Last month, US inflation fell more than expected due to cheaper energy and food. The CPI rose 5%, down from 6% the previous month and just below the expected 5.1%. We had warned of this possibility. However, it is challenging.

Despite its proximity to historical highs, the short-term momentum suggests that buying will intensify even on minor pullbacks. A week earlier, gold made a local high of $2030 and then corrected by 2.25%. The intraday chart on Monday afternoon clearly.

The currency market has moved little over the past week, waiting for significant drivers. The Easter lull is likely to end today, as inflation data and the Fed’s March meeting minutes are expected to be released. US inflation reports have.

Investor confidence and retail sales data released on Tuesday beat average market forecasts but showed no improvement over recent months. The Sentix investor confidence index rose from -11.1 to -8.7 in April. This is roughly where the index was in.

After last year’s shock, Japan’s economic indicators are slowly returning to normal. But conditions are still unsuitable for raising interest rates for the Bank of Japan. This is not good news for the Yen. The interest rate differential, which has.

Consumer inflation in China fell to 0.7% YoY in March from 1.0% in the previous month. Last month’s producer price index was 2.5% lower than a year earlier, accelerating its decline from 1.4% in February. The hypothesis that China’s move.

The US economy added 236K jobs in March, very close to the average forecast. The unemployment rate fell 0.1 percentage point to 3.5%, while the labour force participation rate rose from 62.5% to 62.6%, vs the expected fall to 62.4%..

One of the most timely and unpredictable economic reports, the US Nonfarm Payrolls report for March, will be released on Friday. Market participants will look to other publications to shed light on the situation. The average forecast among market participants.