Market Overview - Page 90

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.

Inflation data continues to be the main driver of the markets. This morning the currency market focused on a surprise out of Australia, where the annual CPI growth rate for the fourth quarter accelerated from 7.3% to 7.8%, against expectations.

According to Markit’s preliminary estimates of business activity, the Eurozone economy has moved out of contraction and is trying to claw its way into growth. The eurozone composite PMI rose from 49.3 to 50.2, better than the expected 49.8. The.

Oil briefly topped $82.50 per barrel WTI on Monday, testing the highs seen in the second half of November. The bulls are betting that China’s lifting of restrictions will boost global demand for commodities and energy. Although the US became.

The EURUSD reached 1.09 early Monday, its highest level since April last year. A strong uptrend has been in place for the past four months, during which time the pair has risen from lows just above 0.95 to the current.